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Authors
Garcia, Pablo https://orcid.org/0000-0003-4367-2360
Pierrard, Olivier
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Article History
Accepted: 29 July 2025
First Online: 8 August 2025
Declarations
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: This paper should not be reported as representing the views of the BCL or the Eurosystem. The views expressed are those of the authors and may not be shared by other research staff or policymakers in the BCL or the Eurosystem.
: The authors declare no conflict of interest.
