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Firing costs and the business cycle : policy implications in light of the financial crisis
Brown, Alessio J. G.; Merkl, Christian; Lechthaler, Wolfgang - In: The crisis and beyond, (pp. 136-143). 2009
Persistent link: https://www.econbiz.de/10003941632
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International trade and monopolistic competition without CES : estimating translog gravity
Novy, Dennis - 2010
Persistent link: https://www.econbiz.de/10003951521
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International trade and monopolistic competition without CES : estimating translog gravity
Novy, Dennis - 2010
equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted … modest or indistinguishable from zero. -- translog ; trade costs ; gravity ; currency union ; monopolistic competition …
Persistent link: https://www.econbiz.de/10003956003
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Optimal monetary policy in a currency union : the role of the cost channel
Michaelis, Jochen - 2012
In this paper we introduce the cost channel of monetary policy (e.g., Ravenna and Walsh, 2006) into an otherwise standard New Keynesian model of a two-country monetary union, which is being hit by aggregate, asymmetric and idiosyncratic shocks. The single central bank implements the optimal...
Persistent link: https://www.econbiz.de/10009409356
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A cost of unified currency
Kiyotaki, Nobuhiro; Moore, John - 2003
Persistent link: https://www.econbiz.de/10001769588
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Can a common currency induce intra-regional trade? : the Southeast Asian perspective
Kabir, Shahriar; Salim, Ruhul A. - In: Review of urban & regional development studies : … 28 (2016) 3, pp. 218-234
Persistent link: https://www.econbiz.de/10011715669
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Voting transparency in a monetary union
Gersbach, Hans; Hahn, Volker - In: Journal of money, credit and banking : JMCB 41 (2009) 5, pp. 831-853
Persistent link: https://www.econbiz.de/10003878604
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Voting transparency in a monetary union
Gersbach, Hans; Hahn, Volker - 2005
Persistent link: https://www.econbiz.de/10013424654
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The impact of monetary union on trade prices
Anderton, Robert; Baldwin, Richard E.; Taglioni, Daria - 2003
Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...
Persistent link: https://www.econbiz.de/10009635969
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The accidental redistribution of seignorage wealth in the Eurosystem
Sinn, Hans-Werner; Feist, Holger - In: CESifo Forum 01 (2000) 3, pp. 27-29
Persistent link: https://www.econbiz.de/10011695630