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How to deal with macroeconomic imbalances? CEPS Special Report No. 69, 23 November 2012

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Figure

Figure 1. The flow problem: Current account imbalances (selected EZ countries)
Figure 2. The stock problem: Cumulated current account imbalances
Figure 3. Unemployment and growth
Figure 4. Real Harmonised Competitiveness indicator: unit labour cost (ULC) in total economy
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