| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2040 |
| DP2040 Crossing the Rio Grande: Migrations, Business Cycles and the Welfare State | |
| Fabio Canova; Morten Ravn | |
| 发表日期 | 1998-12-18 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We develop and compute a dynamic equilibrium model where economies differ on the relative efficiency of financial intermediaries and, therefore on households portfolios and currency holdings. Our model economies have some of the features of the different financial structures in countries of the European Union and respond to monetary shocks in a way similar to the observed responses, which we also estimate. It follows that if differences on the relative efficiency of financial intermediaries persist in a monetary union, conflicts of interests in the pursuit of a common monetary policy can arise. |
| 主题 | International Macroeconomics |
| 关键词 | Ecb Limited participation monetary policy Transmission mechanisms |
| URL | https://cepr.org/publications/dp2040 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531166 |
| 推荐引用方式 GB/T 7714 | Fabio Canova,Morten Ravn. DP2040 Crossing the Rio Grande: Migrations, Business Cycles and the Welfare State. 1998. |
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