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welfare analysismonetary policygeldpolitisches zielmonetary targeteuro areamonetary regimesregimes tradetrade consumptionconsumption employmentemployment variabilitylevel targetingbritain emuemu assessingassessing costscosts macroeconomicmacroeconomic variabilitymonetary targetsÖkonometrisches modelleconometric modelwage indexationwage rigidityoecd staatenoecd countriesconsumer price indexvariability priceprice leveltargeting destabilisedestabilise economyeconomy britainvariability monetaryvariability estimatingestimating largelarge rationalrational expectationsexpectations modelsmodels fimlfiml experimentsexperiments usingusing newnew algorithmalgorithm bootstrapbootstrap confidenceconfidence limitslimits britainvariability nominalnominal contractingcontracting monetarytargets driftingdrifting indexationindexation measurementmeasurement inflationinflation aggregationaggregation basicbasic levellevel joiningjoining euroeuro macromacro effectseffects ukuk economyeconomy estimatingestimating quality
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