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A key element of the European reform agenda is to simplify the EU fiscal governance framework by moving towards a …. This paper puts forward an in-depth analysis of two alternative fiscal performance indicators currently used in the EU … the EU fiscal governance framework has advantages over the change in the structural balance. However, it still has scope …
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Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...
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