Households saving and financial spillovers in the Euro area
| dc.rights.license | open | en_US |
| hal.structure.identifier | Laboratoire d'analyse et de recherche en économie et finance internationales [Larefi] | |
| dc.contributor.author | BADARAU, Cristina | |
| dc.contributor.author | HUART, F. | |
| dc.contributor.author | SANGARÉ, I. | |
| dc.date.accessioned | 2021-10-28T13:02:07Z | |
| dc.date.available | 2021-10-28T13:02:07Z | |
| dc.date.issued | 2021 | |
| dc.identifier.issn | 0307-3378 | en_US |
| dc.identifier.uri | https://oskar-bordeaux.fr/handle/20.500.12278/123753 | |
| dc.description.abstractEn | The aim of this paper is to study the consequences of a preference shock resulting in an increase in household savings in one country of a monetary union such as the Euro area. We study the macroeconomic effects of such a shock by developing a dynamic stochastic general equilibrium model which describes a two-country monetary union open to the rest of the world. A key feature of the model deals with one specific dimension of financial integration, namely cross-border bank holdings of government bonds. We show that a negative preference shock in one country can have salient spillover effects on the rest of the union. Spillovers come not only from the financial markets opening-up, but also from the intensity of intra-union trade, and the response of macroeconomic (monetary and fiscal) policies. © 2021 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd | |
| dc.language.iso | EN | en_US |
| dc.title.en | Households saving and financial spillovers in the Euro area | |
| dc.type | Article de revue | en_US |
| dc.identifier.doi | 10.1111/boer.12275 | en_US |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | en_US |
| bordeaux.journal | Bulletin of Economic Research | en_US |
| bordeaux.hal.laboratories | Laboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954 | en_US |
| bordeaux.institution | Université de Bordeaux | en_US |
| bordeaux.peerReviewed | oui | en_US |
| bordeaux.inpress | non | en_US |
| hal.identifier | hal-03407534 | |
| hal.version | 1 | |
| hal.date.transferred | 2021-10-28T13:02:10Z | |
| hal.export | true | |
| dc.rights.cc | Pas de Licence CC | en_US |
| bordeaux.COinS | ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Bulletin%20of%20Economic%20Research&rft.date=2021&rft.eissn=0307-3378&rft.issn=0307-3378&rft.au=BADARAU,%20Cristina&HUART,%20F.&SANGAR%C3%89,%20I.&rft.genre=article |
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