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-tax differences in Germany. For the first time, the data set enables us to evaluate the extent to which financial and tax accounting … differ in Germany in the most accurate manner. Despite the close link between financial and tax accounting in Germany, we …
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common theme has been that the system has built up large credit risks for Germany should the euro break up. This paper … monetary policy operated differently, examines the risks to Germany and considers proposals for settlement of these balances. …
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In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
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