First Sentence:
After a most successful 50 years, at the prime of life, the Bundesbank ceased to be the dominant central bank in Europe.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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credible conservatism, sector bargainers, conflict dummy, annual first differences, political dummy, money market management, monetary conservatism, central bank behaviour, election dummy, retirement consumption, nominal outcomes, conflict indicator, monetary policy strategy, sacrifice ratio, nominal effects, cash reserve ratios, cash reserve requirements, conflict variable, central bank independence, override mechanism, minimum reserve requirements, monetary targeting, capital income taxation, central bank autonomy, partisan theory
Key Phrases - Capitalized Phrases (CAPs):
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Bretton Woods, Deutsche Bundesbank, European Central Bank, Maastricht Treaty, Bank of England, Federal Reserve, European Union, New York, Regression Dependent, Cambridge University Press, Oxford University Press, Banque de France, Journal of Political Economy, The Netherlands, European Parliament, European System of Central Banks, Executive Board, International Economics, Journal of Macroeconomics, Oxford Economic Papers, Political Economy of Central-Bank, Princeton Special Papers, University of Chicago Press, American Economic Review, Deutschen Bundesbank
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