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Euro (D€) project, which provides a unique lens for assessing the potential and challenges of CBDCs. The paper differs from …
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In this paper we carry over a static version of a New Keynesian Macro Model developed in previous papers (see Bofinger, Mayer, and Wollmershäuser 2002) to a monetary union. For a similar approach see (Uhlig 2002). We will show in particular that a harmonious functioning of a monetary union...
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