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Variable der Finanzpolitik und Variationen kurzfristiger Zinssätze durch die Geldpolitik. Danach werden Reaktionen der … Geldpolitik auf finanz- und lohnpolitische Fehlentwicklungen in der Vergangenheit untersucht, welche zu Wachstumsverlusten führten …
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This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...
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In terms of macroeconomic performance, the Eurozone’s first decade is a story of successful inflation-targeting by the …. That this did not happen in the Eurozone appears to be related to the presence of non-rational wage setters in a number of …
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