by Badarau-Semenescu, Cristina & Ndiaye, Cheikh Tidiane; Assessing the Effects of Financial Heterogeneity in a Monetary Union : A DSGE Approach by Christina Badarau & Grégory Levieuge; Financial Heterogeneity in a Monetary Union by Badarau, Cristina & Levieuge, Grégory

*C. Badarau-Semenescu(Corresponding author): Laboratoire d Economie d Orléans (LEO), Université d Orleans, Faculté de Droit, d Economie et de Gestion, Rue de Blois BP. 6739, 45067 Orléans Cedex

♣ Laboratoire d’Economie d’Orléans (LEO), UMR CNRS 6221, Rue de Blois, BP-6739, 45160 Orléans Cedex 2 Corresponding author: florina-cristina.badarau@u-bordeaux4.fr 1 The heterogeneity of the EMU is analyzed in detail in Jondeau & Sahuc (2008), Sekkat & Malek Mansour (2005), Close. Subscribe to The JPL mailing list Adrian Minune - Crede lumea ca sunt golan @Dream Events By Barbu EventsBARBU EVENTS:📞 Pentru evenimente sunati la ☎️ nr. +40730.13.52.34Pentru mai multe no View the profiles of people named Leo Badau. Join Facebook to connect with Leo Badau and others you may know. Facebook gives people the power to share View the profiles of people named Leo Badau Leo Badau.

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Facebook gives people the power to share … It is widely recognized that the Euro area is an asymmetric monetary union which assembles countries with heterogeneous structures on financial, goods and labour markets stricken by asymmetric shocks. However, the main objective of the European Central Bank (ECB) is to preserve price stability for the euro area as a whole, and the ECB pays most of its attention to union-wide output and Cristina BADARAU-SEMENESCU & Alexandra POPESCU, 2012. "Monetary Policy and Credit Cycles: A DSGE Analysis," LEO Working Papers / DR LEO 1244, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans. Sangaré, Ibrahima, 2016. Badarau and Levieuge (2011).

A.3  Orléans, CNRS, LEO, UMR 7322, F-45067, France. E–mail: marie- will be tested in Section 6, similar to Badarau and Levieuge (2011). Wholesalers exit at the  10 Nov 2020 Kevin Knight, Laura Baranescu Bianca Badarau, Claire Bonial, Leo Leppänen, Myriam Munezero, Mark Granroth-Wilding, and Hannu  Antonia BadarauRomanianIași National College (Iași, Romania) Cristina Leo RinneEnglishOtaniemi Upper Secondary School (Espoo, Finland) Elmano  Antonia BadarauRomanianIași National College (Iași, Romania) Ruxandra Gabriel Leo NillGermanBismarck-Gymnasium (Ettlingen, Germany) Mathias  Blatt, Laurence; Beigelman, Leo; Loennberg, Harri; Organic & Biomolecular Badarau, Eduard; Suzenet, Franck; Finaru, Adriana-Luminita; Guillaumet, Gerald; .

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Cristina Badarau ∗ Larefi, Université Montesquieu Bordeaux IV, France Grégory Levieuge LEO, Université d’Orléans, France Abstract This paper addresses the issue of macroeconomic policies in a financially heterogeneous monetary union. Optimized policy rules are used, under various scenarios of budgetary policies,

Badarau and Levieuge (2011). Next, to obtain a complete business cycle, we introduce a boom-bust process inspired by the one of Bernanke and Gertler (1999). The positive bubble triggers the risk and favors its accumulation, whereas the burst of the bubble induces the crisis as risk materializes, which is exactly how recent crises developed4.

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Cristina BADARAU-SEMENESCU & Alexandra POPESCU, 2012. "Monetary Policy and Credit Cycles: A DSGE Analysis," LEO Working Papers / DR LEO 1244, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans. Sangaré, Ibrahima, 2016.

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