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Structural Distortions and Decentralized Fiscal Policies in EMU
discretionary monetary policy wagerigidity,decentralized fi scal policy monetary union infl ation targets debt targets
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2011/8/21
The combination of discretionary monetary policy, labor-market distortions, and nominal wage rigidity yields excessive inflation as monetary policy tries to exploit nominal wage contracts to address l...
MONETARY CONVERGENCE ON THE ROAD TO EMU: CONCEPTUAL ISSUES FOR EASTERN EUROPE
institutional and monetary convergence Eastern Europe
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2014/6/25
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