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Even though having economic intuition helps one understand the impulse response functions to a given macroeconomic shock, in my opinion it is not enough to choose any of the impulse response options derived from different specifications of reduced form models and/or methods for identifying structural shocks.

En este trabajo se estima el impacto macroeconómico de la mayor flexibilidad salarial e interna en las empresas favorecida por los distintos cambios en la regulación laboral aprobados a partir de 2012 en España.