Showing 1 - 10 of 137
Persistent link: https://www.econbiz.de/10001766614
Persistent link: https://www.econbiz.de/10001647891
This paper uses a dynamic general equilibrium two-country optimizing sticky-price model to analyze the consequences of international financial market integration for the propagation of asymmetric productivity shocks in a monetary union. The model implies that business cycle volatility is higher...
Persistent link: https://www.econbiz.de/10001682813
This paper uses a dynamic general equilibrium two-country optimizing sticky-price model to analyze the consequences of international financial market integration for the propagation of asymmetric productivity shocks in a monetary union. The model implies that business cycle volatility is higher...
Persistent link: https://www.econbiz.de/10011475042
During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretically the implications of the opening up...
Persistent link: https://www.econbiz.de/10014072512
Persistent link: https://www.econbiz.de/10001936229
Persistent link: https://www.econbiz.de/10001936260
Persistent link: https://www.econbiz.de/10003395948
Theoretical research on the determinants of business-cycle fluctuations implies that the degree of international financial integration can have important implications for the propagation of, e.g., macroeconomic policy shocks in an open economy. An important assumption underlying this research is...
Persistent link: https://www.econbiz.de/10010260476
Persistent link: https://www.econbiz.de/10012991175