Markets Integration and Macroeconomic Dispersion in a Monetary Union (notice n° 546765)
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| fixed length control field | 01533cam a2200229 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114320.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Eyquem, Aurélien |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Markets Integration and Macroeconomic Dispersion in a Monetary Union |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2010.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 60 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Using a general equilibrium model which combines nominal rigidities and financial imperfections, we will show how the persistence of output and inflation asymmetries observed since 1999 in an increasingly integrated EMU is not necessarily paradoxical. Based on our results, only a better integration of the production processes significantly leads to a reduction of business cycles and inflation rates. A better integration of the goods and services markets and integration of financial markets encourages economies to adjust more strongly, through current accounts, to asymmetric shocks. This mechanism tends to increase the dispersion of business cycles and inflation rates among member countries, which enables them to remain within their intertemporal budget constraints. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | markets integration |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | trade openness |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | output dispersion |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | inflation dispersion |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Monetary union |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Poutineau, Jean-Christophe |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 76 | 1 | 2010-04-27 | p. 5-30 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2010-1-page-5?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2010-1-page-5?lang=en&redirect-ssocas=7080</a> |
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