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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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Sustaining European Monetary Union : confronting the costs of diversity
Sadeh, Tal - 2006
Persistent link: https://www.econbiz.de/10003309239
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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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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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International trade and monopolistic competition without CES : estimating translog gravity
Novy, Dennis - 2010
Persistent link: https://www.econbiz.de/10003951521
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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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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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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 …
Persistent link: https://www.econbiz.de/10010270479
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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/10010286352
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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
This lecture is a tour d'horizon of the financial crisis aimed at extracting lessons for future financial regulation. It combines normative recommendations based on conventional welfare economics with positive assessments of the kind of measures likely to be adopted based on political economy...
Persistent link: https://www.econbiz.de/10010314344