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Financial Differences and Business Cycle Co-Movements in a Currency Area

✍ Scribed by ESTER FAIA


Book ID
110736000
Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
399 KB
Volume
39
Category
Article
ISSN
0022-2879

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## Abstract This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974–2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differen