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This note argues that in a situation of an inelastic natural gas supply a restrictive monetary policy in the euro zone could reduce the energy bill and therefore has additional merits. A more hawkish monetary policy may be able to indirectly use monopsony power on the gas market. The welfare...
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period of economic expansion during which default rates were stable and low, deregulation and unsupervised financial …, Deregulation, Economic Stability, and Financial Crisis, Part I: The Evolution of Securitization.') …
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