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This paper examines economic policy interactions in the Economic and Monetary Union when the assessment of cyclical conditions in real time is surrounded by uncertainty. On the basis of a simple stylised model it shows that with a Nash-type of interaction different views about the output gap on...
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offers an example of its application to the analysis of the impact of innovation policies in the EU. In particular, the …
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EU cohesion policy supports investment in infrastructure, R&D and human capital in Europe’s poorer regions. This …
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