Browsing Documentos de trabajo DE - ES Lan Gaiak by Subject "Asymmetric shocks"

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Insurance mechanisms against asymmetric shocks in a monetary union: an application to the European Monetary Union

Bajo Rubio, Óscar ; Díaz Roldán, Carmen (1999) Documento de trabajo / Lan gaiak

In this paper we offer a proposal of an automatic insurance mechanism designed to cope with asymmetric shocks in a monetary union. The mechanism would take as indicator the changes in the unemployment rate of the countries ...
International monetary policy coordination under asymmetric shocks

Díaz Roldán, Carmen (2000) Documento de trabajo / Lan gaiak

The purpose of this paper is to show whether international policy coordination may be the best response to economic interdependence. We will study the short-run interactions taking place among interdependent economies, ...