Badarau, Christina; Levieuge, Grégory - Laboratoire d'Analyse et de Recherche Économiques et … - 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...
