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Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically...
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introduction of the euro may have led to accelerated integration. However, thereafter we find no evidence for further progress …
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The 2003 reforms of the Common Agricultural Policy of the Euro-pean Union allowed for discretionary implementation …
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