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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.issn0264-9993en_US
dc.identifier.doi10.1016/j.econmod.2020.06.021en_US
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.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherElsevieren_US
dc.relation.ispartofpagefrom13en_US
dc.relation.ispartofpageto26en_US
dc.relation.ispartofjournalEconomic Modellingen_US
dc.relation.ispartofvolume93en_US
dc.subject.fieldofresearchApplied economicsen_US
dc.subject.fieldofresearchEconometricsen_US
dc.subject.fieldofresearchcode3801en_US
dc.subject.fieldofresearchcode3802en_US
dc.subject.keywordsSocial Sciencesen_US
dc.subject.keywordsEconomicsen_US
dc.subject.keywordsBusiness & Economicsen_US
dc.subject.keywordsPIIGSen_US
dc.subject.keywordsEuro crisisen_US
dc.titleFinancial crises and sudden stops: Was the European monetary union crisis different?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Articlesen_US
dcterms.bibliographicCitationAlbonico, A; Tirelli, P, Financial crises and sudden stops: Was the European monetary union crisis different?, Economic Modelling, 2020, 93, pp. 13-26en_US
dcterms.licensehttp://creativecommons.org/licenses/by-nc-nd/4.0/en_US
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.en_US
gro.hasfulltextFull Text
gro.griffith.authorTirelli, Patrizio


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