Colciago, Andrea; Muscatelli, V. Anton; Ropele, Tiziano; … - 2006
macroeconomic adjustment (see
Ball, 1999, Wren-Lewis, 2000). In the context of EMU, this has also led to
calls to radically reform …,
following an output shock, EU capital markets enable a very limited degree
of consumption smoothing relative to the US. Fair … (2001) finds that, unlike
the US, in most EU countries there is little evidence of real interest rate
effects on aggregate …