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           Focus
        | Diverging Trajectories Following the Crisis 
 Only Germany and the US have succeeded in recovering to pre-crisis levels, with an overall increase of 4% between 2007-2013, against a modest 0.7% in France and negative values for the other countries.
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 Benjamin Carton, Jérôme Héricourt, Fabien Tripier
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    	   publications
		 
	         The Servitization of French Manufacturing FirmsMatthieu Crozet, Emmanuel Milet
 
 
Immigrants and Firms' Productivity: Evidence from FranceCristina Mitaritonna, Gianluca Orefice, Giovanni Peri
 
 
The Development of EU and EU Member States’ External CompetitivenessAngela Cheptea,  Charlotte Emlinger, Lionel Fontagné, Gianluca Orefice & Olga Pindyuk & Robert Stehrer
 
 
Intellectual Property Rights, Product Complexity, and the OrganizationAlireza Naghavi, Julia Spies, Farid Toubal
 
 
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		   Edito
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 Monetary and financial measures have been too slow in the euro area
 
 While structural reforms are a good lever for growth in the long term, they need to be accompanied by much stronger cyclical policies, especially given the recessionary environment. All of the reforms are designed to reduce the flaws of the Economic Monetary Union, but the long delays are leading to a high degree of financial uncertainty, which is detrimental to growth.
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 Benjamin Carton, Jérôme Héricourt, Fabien Tripier
 
 
 
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  To Stay Informed 
 ISSN: 1255-7072 
Editorial Director : Antoine Bouët 
Managing Editor : Dominique Pianelli
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