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In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
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determined externally. To test this relationship, we study the determination of inflation between 1926 and 2012, a longer sample … of inflation both in the full sample and in the subsamples spanning the periods before and after the Sterling parity link. …
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