authors investigate and discuss whether there are signs of labor and capital mobility that have helped dampen economic shocks …

This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in …

restoring equilibria   after shocks. But there is a discrepancy between the intent of the   general policy and attempts at its … of disequilibrating   shocks, currency unions outperform flexible currencies by eliminating   the inefficiencies …

wages are usually sticky in the shortrun and that it is therefore easier to adjust to external shocks and obtain changes in … important these "external" shocks are in reality. We try to measure the importance of external shocks for (un)employment. We … find that external shocks have little impact on unemployment, but are more important in the evolution of employment in …

Clarida and Galí (1995) suggests that much of these real exchange rate movements are due to relative demand shocks. The … order to identify a larger number of real shocks (labour supply, productivity and aggregate demand) and nominal shocks … serious doubt with respect to the appropriateness of labelling those shocks which drive real exchange rates as aggregate …

virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have … exposure of individual countries are found to have played a key role in the transmission process of US shocks: in particular … have experienced substantially larger currency depreciations during the crisis overall, and to US shocks in particular. …