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Macroprudential policy instruments and economic imbalances in the euro area

open access: yes, 2013
Since its creation the euro area suffered from imbalances between its core and peripheral members. This paper checks whether macroprudential policy tools - applied in a countercyclical fashion as known from the DSGE literature to the peripheral countries
Brzoza-Brzezina, MichaƂ   +2 more
core  

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