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Fig. 19 | IZA Journal of European Labor Studies

Fig. 19

From: Unemployment dynamics and the Beveridge curve in Greece

Fig. 19

Cumulative responses to reforms undertaken at times of economic expansion. a Inflow rate (s) to unemployment. b Outflow rate (f) to unemployment. c Output growth. Notes: The cumulative dynamic multiplier function measures the cumulative response of the variable of interest to a unit change in the reforms undertaken at times of economic expansion. Standard errors have been calculated by bootstrapping the residuals (1000 replications were performed)

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