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The papers in this volume were presented at a conference on "The EMS, Ten Years Later" at the University of Bergamo, Italy, May 1989. They look at the history of the EMS, the reasons underlying the successes attributed to it, the problems it created, and its future.
The initial purposes of this book were to update and extend the discussion and the results presented ill our previous book, The Labor Market and Business Cycle Theories.
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