Morgan, Donald P. (contributor); Rime, Bertrand (contributor) - 2000 - [Elektronische Ressource]
of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and … Triocole (1997), we conclude that the theoretical effect of integration on business cycle size is ambiguous, because some … growth fluctuations within states, and decreases the deviations in employment growth across states. In other words, business …