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This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions. Monetary conditions are measured with the MCI concept proposed by the Bank of Canada, and with the yield spread. A central result is that causality runs in both ways...
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This paper presents one of the first studies of firm demographics in Estonia, particularly, on the processes of firm … Estonia during the observed period from 1995 to 2001, resulting from low institutional entry barriers and emergence of the SME … change shows that the high productivity growth has been mostly from within-firm productivity growth (e.g. the adoption of new …
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