Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - Volkswirtschaftliche Fakultät, … - 2013
This paper presents a stylized New Keynesian dynamic stochastic general equilibrium (DSGE) model for a monetary union to analyze whether cyclical inflation differentials can be explained by cross-country differences concerning the characteristics of financial markets. Our results suggest that...