Economidou, Claire; Kool, Clemens - In: Economic Modelling 26 (2009) 4, pp. 778-787
This paper empirically investigates output and consumption asymmetries in the Eurozone and enlarged EU over the period 1992-2007, and their consequences for monetary policy. Our results reveal that in the Eurozone output asymmetry has remained practically unaltered; however, there is some...