LIMITED ASSET MARKET PARTICIPATION AND THE EURO AREA CRISIS: AN EMPIRICAL DSGE MODEL

We estimate a medium‐scale dynamic stochastic general equilibrium model for the Euro area with limited asset market participation (LAMP). Our results suggest that in the recent European Monetary Union years LAMP is particularly sizable (39% during 1993–2012) and important to understand business cycl...

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Bibliographic details
Volume: 57
Main Author: Albonico, Alice
Paccagnini, Alessia
Tirelli, Patrizio
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Boston, USA Wiley Periodicals, Inc 01.07.2019
WILEY
Western Economic Association International
Wiley
published in: Economic inquiry Vol. 57; no. 3; pp. 1302 - 1323
Data of publication: July 2019
ISSN: 0095-2583
1465-7295
EISSN: 1465-7295
Discipline: Economics
Subjects:
US
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index – 2019
Web of Science
CrossRef
OpenAIRE
OpenAIRE (Open Access)
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