Trends and Cycles in the Euro Area: How Much Heterogeneity and Should We Worry About it?
By Domenico Giannone, L. Reichlin. Social Science Research Network, 2006
231 citations recorded by the source corpus.
Not so much and we should not, at least not yet. JEL Classification: E32, C33, C53, F2, F43
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/7c798fa9e105bf52d550018fcb0cc1d1266ee49d
Citations in the corpus
- The First Global Recession in Decades (2010, unknown): “Giannone, Lenza, and Reichlin (2010) show that the regulation in credit markets, and in particular measures of governance, has tended to limit the international diffusion of the initial U.”
- Currency unions in prospect and retrospect (2010, unknown): “To complete the taxonomy of possibilities, Giannone & Reichlin (2006) find that the euro has had no detectable effect on the synchronization of shocks among EZ countries.”
- Specialisation and Convergence in European Regions (2007, unknown): “…in the analysis, the narrowing disparities in productivity are accounted for to a large extent, by labour shifts from low-productivity sectors to high-productivity ones (Molle, 1997).9 8 It is not even clear whether EMU has favoured or prevented specialisation (Giannone and Reichlin, 2006).”
- European Economic and Monetary Integration, and the Optimum Currency Area Theory (2008, unknown): “Sørensen then observes that income is not output, as Giannone and Reichlin (2006) implicitly assume when they compare US income convergence with European output convergence.”
- The Stress of Having a Single Monetary Policy in Europe (2008, unknown): “A similar conclusion is drawn by Giannone and Reichlin (2006). The assumption that national central banks would implement a similar policy rule as the ECB—if they had the choice to do so—leads to a biased estimate of the true level of country-specific stress for most of the EMU”
- How Does Financial Globalization Affect Risk Sharing? Patterns and Channels (2007, unknown): “…suggest that it has increased during the recent period of globalization (e.g., Sorensen, Yosha, Wu and Shu, 2006; Artis and Hoffman, 2006a, 2006b; Giannone and Reichlin, 2006), others have found little evidence of better risk sharing among industrial economies (see Moser, Pointner, and Scharler,…”