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another, especially as labor markets remain largely rigid. Eurozone mechanisms may be unable to face demand disturbances under … the Eurozone institutional architecture, the erosion of fiscal policy and inability to successfully handle asymmetric … economic disturbances in the Eurozone can only be countered by asymmetric policy responses, corresponding to different …
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, over the period 1970–2013, mobility absorbed about a quarter of an asymmetric shock within 1 year. Movements in response to …
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