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European integration, FDI and the geography of French trade

Lafourcade, Miren; Paluzie, Elisenda - HAL - 2008

This paper uses an augmented gravity model to investigate whether the 1978-2000 process of European integration has changed the geography of trade within France, with a particular focus on the trends experienced by border regions. We support the conclusion that, once controlled for bilateral...

Persistent link: https://www.econbiz.de/10010738936

Monetary Policy Switching in the Euro Area and Multiple Equilibria: An Empirical Investigation

Dufrénot, Gilles; Khayat, Anwar - HAL - 2014

This paper provides evidence that the European Central Bank (ECB) has adjusted its interest rate since 1999 nonlinearly according to the macroeconomic and financial environment in the euro zone. Its policy function is described by a Taylor rule with regime shifts implying that the stance of...

Persistent link: https://www.econbiz.de/10010933828

Which policy-mix to mitigate the effects of financial heterogeneity in a monetary union?

Badarau, Florina-Cristina; Levieuge, Grégory - HAL - 2011

This paper aims to study a suitable policy-mix for a monetary union like the euro area, in a context of financial heterogeneity. It relies on a DSGE model with empirically-justified heterogeneous bank capital channel, with financial shocks, in addition to monetary, budgetary and technological...

Persistent link: https://www.econbiz.de/10010618152

Indebtedness and macroeconomic imbalances in a monetary-union DSGE model

Badarau, Florina-Cristina; Huart, Florence; Sangaré, … - HAL - 2013

We build a two-country open-economy monetary union DSGE model in order to explain some macroeconomic imbalances in the euro area. We fo cus on the role of cyclic al behaviour of public spending and sovereign risk premium. Pro-cyclical primary public expenditures in one country do not lead to...

Persistent link: https://www.econbiz.de/10010899832

Assessing the Effects of Financial Heterogeneity in a Monetary Union : A DSGE Approach

Badarau, Florina-Cristina; Levieuge, Grégory - HAL - 2011

The aim of this article is to analyze how financial heterogeneity can accentuate the cyclical divergences inside a monetary union that faces technological, monetary and financial shocks. To this purpose, this study relies on a two-country Dynamic Stochastic General Equilibrium model, where the...

Persistent link: https://www.econbiz.de/10010899901

Money and risk aversion in a DSGE framework: a Bayesian application to the Euro zone

Benchimol, Jonathan; Fourçans, André - HAL - 2010

In this paper, we set up and test a model of the Euro zone, with a special emphasis on the role of money. The model follows the New Keynesian DSGE framework, money being introduced in the utility function with a non-separability assumption. By using Bayesian estimation techniques, we shed light...

Persistent link: https://www.econbiz.de/10011026170

Increase in Home Bias and the Eurozone Sovereign Debt Crisis

Cornand, Camille; Gandré, Pauline; Gimet, Céline - HAL - 2014

One of the most striking consequences of the recent episode of sovereign debt market stress in the Eurozone has been … that explain most of the variation in this share in an S-VAR model on a sample of 7 Eurozone countries between 2007 and … the distinct countries in our sample during the recent sovereign debt crisis in the Eurozone. …

Persistent link: https://www.econbiz.de/10010899479

The impact of external shocks on the eurozone: a structural VAR model

Gossé, Jean-Baptiste; Guillaumin, Cyriac - HAL - 2011

This paper studies the impact of the main external shocks which the eurozone and member states have undergone since the … obtained using SVAR models enabled us to determine the impact of these shocks on the eurozone and its member countries. The … study highlights the diversity of reactions inside the eurozone. The repercussions of the oil and monetary shocks were …

Persistent link: https://www.econbiz.de/10011026165

Strategic interactions in public R&D across EU-15 countries : A spatial econometric analysis

Hammadou, Hakim; Paty, Sonia; Savona, Maria - HAL - 2012

The aim of this paper is to test the presence of strategic interactions in government spending on Research and Development (R&D), among EU-15 countries. We add to the literature on public choice strategic interactions in general, and to work on R&D spending in particular. We take account of...

Persistent link: https://www.econbiz.de/10010569155