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There is a symmetrical debate in two Euro area core countries: in France about the restrictive fiscal policy of Germany … reforms in France. What are the real causes of the divergence between the two economies? We show that different indicators of …, that Germany's industry is not more integrated in international value chains than that of France or Italy. We then look at …
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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...
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