Advanced Search
MyIDEAS: Login to save this paper or follow this series

Effets des chocs asymétriques en union monétaire avec marchés financiers incomplets

Contents:

Author Info

  • Stéphane Auray

    ()
    (Université Lille 3 (GREMARS), Université de Sherbrooke (GREDI) and CIRPÉE)

  • Aurélien Eyquem

    (GATE, UMR 5824, Université de Lyon and Ecole Normale Supérieure Lettres et Sciences Humaines, France)

Abstract

Dans cet article, nous montrons que l'incomplétude des marchés dans une union monétaire caractérisée par des chocs asymétriques et des rigidités nominales génère des gains de bien-être. L'existence de marchés incomplets relâche la pression sur les termes de l'échange, ce qui réduit la volatilité des taux d'inflation nationaux. Les gains associés µa cette baisse dépassent les coûts de l'imparfait partage des risques. L'effet net est positif et les gains correspondants peuvent atteindre 0.05% de consommation permanente.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://gredi.recherche.usherbrooke.ca/wpapers/GREDI-0813.pdf
File Function: First version, 2008
Download Restriction: no

Bibliographic Info

Paper provided by Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke in its series Cahiers de recherche with number 08-13.

as in new window
Length: 11 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:shr:wpaper:08-13

Contact details of provider:
Postal: Sherbrooke, Québec, J1K 2R1
Phone: (819) 821-7233
Fax: (819) 821-6930
Email:
Web page: http://www.gredi.org/home/documents-de-travail
More information through EDIRC

Related research

Keywords: union monétaire; chocs asymétriques; prix rigides; bien-être; marchés financiers incomplets;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:shr:wpaper:08-13. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Luc Savard).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.