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What is the Pigou Effect? Definition and some relevant examples

The pigou effect is an economics concept that a drop in prices stimulates an economy, triggering a wealth effect that generates full employment. ....

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More than an intellectual game: exploring the monetary policy and financial stability implications of central bank digital currencies

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

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