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dc.contributor.authorAlbonico, Alice
dc.contributor.authorTirelli, Patrizio
dc.date.accessioned2022-05-09T22:24:44Z
dc.date.available2022-05-09T22:24:44Z
dc.date.issued2020
dc.identifier.issn0264-9993
dc.identifier.doi10.1016/j.econmod.2020.06.021
dc.identifier.urihttp://hdl.handle.net/10072/414393
dc.description.abstractWe estimate a two-region model of the Euro area, with the purpose of identifying the shocks that caused the 2008–2009 recession and the subsequent 2010 sovereign bond crisis. One striking result is that both crises were demand-driven in the core Euro area countries, whereas region-specific permanent technology shocks explain most of the output growth slowdown in the peripheral countries. Adverse technology shocks became particularly important during the sovereign bond crisis. This is in line with cross-country evidence on the effects of sudden stops.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherElsevier
dc.relation.ispartofpagefrom13
dc.relation.ispartofpageto26
dc.relation.ispartofjournalEconomic Modelling
dc.relation.ispartofvolume93
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3802
dc.subject.keywordsSocial Sciences
dc.subject.keywordsEconomics
dc.subject.keywordsBusiness & Economics
dc.subject.keywordsPIIGS
dc.subject.keywordsEuro crisis
dc.titleFinancial crises and sudden stops: Was the European monetary union crisis different?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationAlbonico, A; Tirelli, P, Financial crises and sudden stops: Was the European monetary union crisis different?, Economic Modelling, 2020, 93, pp. 13-26
dcterms.licensehttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.date.updated2022-05-06T00:28:33Z
gro.rights.copyright© 2020 Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (http://creativecommons.org/licenses/by-nc-nd/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorTirelli, Patrizio


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