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A macroeconomic stabilisation function for the euro area - as envisaged in the Five Presidents' Report - plays a … on economic growth, macroeconomic stabilisation and synchronisation of the euro area business cycle, and review how they … the business cycle in the euro area, especially in some participating Member States. Yet, simulating the effects of such a …
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Fiscally undisciplined and divergent, West African countries are in transition for establishing a monetary union that must be effective by 2020 with the introduction of a single currency named "ECO". From the economic literature, it is argued that business cycles desynchronization is...
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