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implementation of the EU’s economic rules. Each Semester concludes with recommendations for the euro area as a whole and for each EU … deteriorated since. The European Semester is not particularly effective at enforcing even the EU’s fiscal and macroeconomic …
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European Union (EU) countries offer a unique experience of financial regulatory and supervisory integration … markets. However, the policy framework proved inadequate in the context of the major financial crisis in the EU starting in … structural institutional change for the EU, arguably the most significant since the introduction of the euro. Even in its current …
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consolidation, but in most EU countries and at aggregate EU level, consolidation was premature when the cyclical position of the …
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's poverty target is out of reach. Both strategies were based on variants of the 'at risk of poverty' indicator, which has an … cointegration evidence, that the 'at risk of poverty' indicator essentially measures income inequality, not poverty. Our … deprivation and low work intensity, the Gini coefficient of income inequality would have to fall by 3.5 points in each EU country …
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Standard simple-sum monetary aggregates, like M3, sum up monetary assets that are imperfect substitutes and provide different transaction and investment services. Divisia monetary aggregates, originated from Barnett (1980), are derived from economic aggregatio and index number theory and aim to...
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