Jondeau, Eric; Sahuc, Jean-Guillaume - Centre d'Études des Politiques Économiques (EPEE), … - 2005
In this paper, we investigate the sources of heterogeneity within the euro area. For this purpose, we build an … constrained versions of this model. We then test different sources of heterogeneity within the euro area. We show that the main … seem to be of empirical relevance for the euro area. …