Testing heterogeneity within the euro area

Eric Jondeau and Jean-Guillaume Sahuc

Economics Letters, 2008, vol. 99, issue 1, 192-196

Abstract: This note estimates several constrained versions of an optimization-based multi-country model to test the sources of heterogeneity within the euro area. We show that the main source is the asymmetry of shocks affecting the economies and that the heterogeneity of behaviors does not seem to be of empirical relevance for the euro area.

Date: 2008
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Citations: View citations in EconPapers (28)

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Working Paper: Testing Heterogeneity within the Euro Area (2008)
Working Paper: Testing heterogeneity within the euro area (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:1:p:192-196

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