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The recession under way in the European Union and the threat of deflation have spawned increasing frequent calls for modification of the Stability and Growth Pact. The present article confirms the negative correlation of the rate of real output growth with that of increase in current public...
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: Central Banks and the World Economy (Mervyn Allister King) -- Chapter 4. How Elastic Money Should Be: Flexible Monetary Policy … in financial crises (especially public debt), and the major repricing needed for central banks and the global economy. In … decisions, with attention to the advances of languages for scientific research, including those on the workings of the economy …
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