scholarly journals Monetary Policy and Business Cycles with Endogenous Entry and Product Variety

2007 ◽  
Author(s):  
Florin Bilbiie ◽  
Fabio Ghironi ◽  
Marc Melitz
2007 ◽  
Vol 22 ◽  
pp. 299-379 ◽  
Author(s):  
Florin O. Bilbiie ◽  
Fabio Ghironi ◽  
Marc J. Melitz ◽  
Virgiliu Midrigan ◽  
Julio J. Rotemberg

2007 ◽  
Author(s):  
Florin Bilbiie ◽  
Fabio Ghironi ◽  
Marc Melitz

2014 ◽  
Vol 64 ◽  
pp. 1-20 ◽  
Author(s):  
Florin O. Bilbiie ◽  
Ippei Fujiwara ◽  
Fabio Ghironi

2012 ◽  
Vol 120 (2) ◽  
pp. 304-345 ◽  
Author(s):  
Florin O. Bilbiie ◽  
Fabio Ghironi ◽  
Marc J. Melitz

Author(s):  
Stelios Bekiros ◽  
Duc Khuong Nguyen ◽  
Gazi Salah Uddin ◽  
Bo Sjö

AbstractThe introduction of Euro currency was a game-changing event intended to induce convergence of Eurozone business cycles on the basis of greater monetary and fiscal integration. The benefit of participating into a common currency area exceeds the cost of losing autonomy in national monetary policy only in case of cycle co-movement. However, synchronization was put back mainly due to country-specific differences and asymmetries in terms of trade and fiscal policies that became profound at the outset of the global financial crisis. As opposed to previous studies that are mostly based on linear correlation or causality modeling, we utilize the cross-wavelet coherence measure to detect and identify the scale-dependent time-varying (de)synchronization effects amongst Eurozone and the broad Euro area business cycles before and after the financial crisis. Our results suggest that the enforcement of an active monetary policy by the ECB during crisis periods could provide an effective stabilization instrument for the entire Euro area. However, as dynamic patterns in the lead-lag relationships of the European economies are revealed, (de)synchronization varies across different frequency bands and time horizons.


2004 ◽  
Vol 21 (1) ◽  
pp. 37-71 ◽  
Author(s):  
Gilles Dufrénot ◽  
Valérie Mignon ◽  
Anne Péguin-Feissolle

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