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the market during bad times. Second, when we look at total factor productivity (TFP), we don't see a clear "cleansing …
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deteriorating productivity and rising exit rates. We find supportive evidence for other US-based stylized facts, such as young firms …
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We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the period 1995-2008. There is a broad consensus that the relationship between fiscal policy and business cycle comovements and between trade integration and cyclical synchronization are...
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