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This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions. Monetary conditions are measured with the MCI concept proposed by the Bank of Canada, and with the yield spread. A central result is that causality runs in both ways...
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Mit der Richtlinie 89/391 EWG vom 12.6.1989 über die Durchführung von Maßnahmen zur Verbesserung der Sicherheit und des …
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