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Destefanis, S., Fragetta, M. & Gasteiger, E. (N/A). Does one size fit all in the Euro Area? Some counterfactual evidence. Empirical Economics. N/A

S. Destefanis et al.,  "Does one size fit all in the Euro Area? Some counterfactual evidence", in Empirical Economics, vol. N/A, N/A

@article{destefanisN/A_1721727097459,
	author = "Destefanis, S. and Fragetta, M. and Gasteiger, E.",
	title = "Does one size fit all in the Euro Area? Some counterfactual evidence",
	journal = "Empirical Economics",
	year = "N/A",
	volume = "N/A",
	number = "",
	doi = "10.1007/s00181-024-02597-w",
	url = "https://link.springer.com/journal/181"
}

TY  - JOUR
TI  - Does one size fit all in the Euro Area? Some counterfactual evidence
T2  - Empirical Economics
VL  - N/A
AU  - Destefanis, S.
AU  - Fragetta, M.
AU  - Gasteiger, E.
PY  - N/A
SN  - 0377-7332
DO  - 10.1007/s00181-024-02597-w
UR  - https://link.springer.com/journal/181
AB  - This paper examines whether Euro Area countries would have faced a more favorable inflation output variability tradeoff without the Euro. We provide evidence supporting this claim for the periods of the Great Recession and the Sovereign Debt Crisis. The deterioration of the tradeoff becomes insignificant only after Draghi’s ‘whatever it takes’ announcement. Results show that the detrimental effect of the Euro is more severe for peripheral countries. We base our results on a novel empirical strategy that, consistent with monetary theory, models the joint determination of the variability of inflation and output conditional on structural supply and demand shocks.
ER  -