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Chapter 2: How much real dollar depreciation is needed to correct global imbalances?

Lars Calmfors, Giancarlo Corsetti, Michael Devereux, Gilles Saint-Paul, Hans-Werner Sinn, Jan-Egbert Sturm and Xavier Vives

EEAG Report on the European Economy, 2008, 61-70

Abstract: A crucial issue for macro developments in Europe is how large and persistent the depreciation of the US dollar against the euro will be. This chapter offers an in-depth analysis of this.

Date: 2008
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