ECB Economists Find Benefits in ‘Fiscal Devaluation’

One of the thorniest issues facing the euro zone is how members of the 18-country currency bloc can improve competitiveness and exports without having a national currency that can be devalued. In a paper published by the European Central Bank, a trio of economists have come up with a way: “f…

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ECB Economists Find Benefits in ‘Fiscal Devaluation’

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