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, however, will choke growth. Faced with this dilemma, Japan and the United States have pursued growth policies while the euro …
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major developed economies of the US, Japan and the euro area. In short, their principal thesis is that sovereign debt is in … crisis. This crisis is apparent in the euro area, but it is also real, if at present only latent, in the US and Japan. The …
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The paper is devoted to an analysis of the Treaty on Stability Coordination and Governance (TSCG), also known as the "Fiscal Compact" Treaty signed between the EU member states in 2012. We argue than the TSCG, instead of helping to "repair" the institutional failures on which the Euro and the...
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