Financial Factors : Implications for Output Gaps /
We suggest a new approach for analyzing the role of financial variables and shocks in computing the output gap. We estimate a two-region DSGE model for the euro area, with financial frictions at the household level, between 2000-2013. After joining the monetary union, a decline in some countries...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2015.
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| Series: | IMF Working Papers; Working Paper ;
No. 2015/153 |
| Online Access: | Full text available on IMF |