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dc.rights.licenseopenen_US
hal.structure.identifierLaboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
dc.contributor.authorBADARAU, Cristina
dc.contributor.authorHUART, F.
dc.contributor.authorSANGARÉ, I.
dc.date.accessioned2021-10-28T13:02:07Z
dc.date.available2021-10-28T13:02:07Z
dc.date.issued2021
dc.identifier.issn0307-3378en_US
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/123753
dc.description.abstractEnThe 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.isoENen_US
dc.title.enHouseholds saving and financial spillovers in the Euro area
dc.typeArticle de revueen_US
dc.identifier.doi10.1111/boer.12275en_US
dc.subject.halSciences de l'Homme et Société/Economies et financesen_US
bordeaux.journalBulletin of Economic Researchen_US
bordeaux.hal.laboratoriesLaboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
hal.identifierhal-03407534
hal.version1
hal.date.transferred2021-10-28T13:02:10Z
hal.exporttrue
dc.rights.ccPas de Licence CCen_US
bordeaux.COinSctx_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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