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As EU leaders muddle through the Eurozone crisis, the debate about its root causes continues. CEPS Director Daniel Gros …
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This paper describes four key drivers behind the adjustment difficulties in the periphery of the eurozone: • The …
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The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...
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