| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062053 | Economics Letters | 2008 | 5 Pages |
Abstract
This note estimates several constrained versions of an optimization-based multi-country model to test the sources of heterogeneity within the euro area. We show that the main source is the asymmetry of shocks affecting the economies and that the heterogeneity of behaviors does not seem to be of empirical relevance for the euro area.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Eric Jondeau, Jean-Guillaume Sahuc,