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Financial factors : implications for output gaps /

We suggest a new approach for analyzing the role of financial variables and shocks in computing the output gap. We estimate a two-region DSGE model for the euro area, with financial frictions at the household level, between 2000-2013. After joining the monetary union, a decline in some countries...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Rabanal, Pau (Autor), Sanjani, Marzie Taheri (Autor)
Autores Corporativos: International Monetary Fund. European Department, International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2015.
Colección:IMF working paper ; WP/15/153.
Temas:
Acceso en línea:Texto completo