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he paper assesses the effects of increasing competition in the service sector in Italy which, based on cross …-country comparisons, is the OECD country with the highest markups in non-manufacturing industries. We propose a two-region (Italy and the …
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This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
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