Browsing RSCAS Working Papers by Subject "costs of business cycle"

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Browsing RSCAS Working Papers by Subject "costs of business cycle"

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    Title: A Modern Reconsideration of the Theory of Optimal Currency Areas  Author(s): CORSETTI, Giancarlo Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: What can be learnt from revisiting the Optimal Currency Areas (OCA) theory 50 years from its birth, in light of recent advances in open economy macro and monetary theory? This paper presents a stylized micro-founded model ...