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Hysteresis and the European Unemployment Problem

Olivier J. Blanchard, Lawrence H. Summers

Chapter in NBER book NBER Macroeconomics Annual 1986, Volume 1 (1986), Stanley Fischer, editor (p. 15 - 90)
Published in 1986 by MIT Press
in Macroeconomics Annual Book Series

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This chapter first appeared as NBER working paper w1950, Hysteresis and the European Unemployment Problem, Olivier J. Blanchard, Lawrence H. Summers
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