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answer to the question: with flexible prices, the system is forever tending to full employment, full-capacity equilibrium …
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This article is a short introduction to the 5 paper symposium on the European economic and monetary union appearing in this issue.
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Union appear to sacrifice growth and employment for price stability. Yet, this conflict will have to be resolved if the … proposes a method to combine price stability with full employment and potential growth through a central bank policy to …
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