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In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
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of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a …
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contemporary evidence of stagflation in developed countries. Being the residual sector, the informal sector inevitably moves in the …
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