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This paper examines the monetary and exchange rate policies of the euro area and the trade policies of the European Union. The paper highlights that the overall economic performance of the euro area has been disappointing: growth has been weaker and inflation higher than generally expected. To a...
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permanent asymmetries in trade competitiveness within pairs of countries or in the overall trade competitiveness of individual … within the euro area; a surplus of a country in a bilateral trade relationship is typically accompanied by a country …
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