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The COVID-19 pandemic has led to the biggest global recession since the Second World War. Forecasts show the European Union underperforming economically relative to the United States and China during 2019–2023. Southern European countries have been particularly strongly affected. Some sectors...
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While bringing unprecedented prosperity to post-war Japan, her "economic miracle" at the same time led to greater … home to the Japanese by events in the early 1970’s. As Japan’s small land; poor natural resources and large population …
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via increased imports to the economic recovery of Japan’s trading partners. Against this background, the following article …
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By introducing wealth preference to a dynamic macroeconomic model, instead of those market distortions, we can deal with the secular deficiency of aggregate demand and a discrepancy between flow and stock variables.
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