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2 Subjects: “...Interest Rates: Determination, Term Structure, and Effects...”

3 “.... Current account adjustments have taken place, reflecting structural changes but also cyclical forces...”

4 “.... A structural micro-macro simulation model is used to that end. It is anchored in the balance sheets...”

5 “... financial intermediation; and (3) structural reforms in product and labor markets to improve productivity...”

6 “... and debt maturity, and we also identify time factors that are common drivers of capital structures. Within...”