Poutineau, Jean-Christophe; Vermandel, Gauthier - In: Journal of Economic Dynamics and Control 51 (2015) C, pp. 378-403
This paper seeks to evaluate quantitatively how interbank and corporate cross-border flows shape business cycles in a monetary union. Using Bayesian techniques, we estimate a two-country DSGE model that distinguishes between Eurozone core and peripheral countries and accounts for national...