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International relocation has become a topical issue in recent months, in France as in Europe. The debate is not new, but while it was focusing 12 years ago on traditional industries and trade with emerging Asia, it includes now higher value-added goods and trade with CEEC?'s. The article deals...
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According to the NAK, Keynesian fiscal stabilisation policies have no favourable impact on output. This view is widely spread in Europe where public deficits and debts are judged excessive, which would raise interest rates and depress output (private agents anticipating future higher taxes)....
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