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rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …
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rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …
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In terms of macroeconomic performance, the Eurozone’s first decade is a story of successful inflation-targeting by the ECB for the common currency area as a whole combined with the persistence of real exchange rate and current account disequilibria at member country level. According to the...
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