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This paper analyses how adjustment dynamics, in an environment with some degree of price and wage rigidity, may create and strengthen asymmetric developments in a monetary union. It presents a simple illustrative model of adjustment dynamics that reproduces quite nicely actual developments in...
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We investigate and compare the spatial distribution of manufacturing activity and its determinants in Belgium, Ireland …, but little for Ireland. Moreover, there is some evidence that forward and backward linkages as well as dependence on …
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