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Strengthening potential output is high on the agenda for economic policy in the European Union. While there is widespread agreement that structural policies have a positive impact on long-term growth, there is a controversial discussion whether coordination of macroeconomic policies can...
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s differed from its predecessors in three important respects: productivity, inflation, and cyclical variability. In the …, the behavior of inflation is consistent with a new economy in all large industrial countries. The moderate inflation can …
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