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Large current account deficits, and the corresponding reliance on capital flows from abroad, can increase a country …
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the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …
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Investment fell sharply in the euro area after the financial crisis and has not yet returned to pre-crisis levels in many core economies. Focusing on the four largest euro-area countries, this paper investigates the role of uncertainty for investment dynamics. By doing so, we compare five...
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