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In this paper we prove that the Euler equation describing the motion of an ideal fluid in is well-posed in a class of functions allowing spatial asymptotic expansions as of any a priori given order. These asymptotic expansions can involve log terms and lead to a family of conservation laws. Typically, the solutions of the Euler equation with initial data in the Schwartz class develop non-trivial spatial asymptotic expansions of the type considered here.

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