Correlation of business cycles in the euro zone

Correlation of business cycles in the euro zone

In this short article we use a simple differences-in-differences technique to investigate whether bilateral correlation of business cycles increased more amongst members of the European Monetary Union (EMU) after the implementation of the Euro than amidst other OECD economies. We present evidence su...

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Veröffentlicht in:Economics letters 2009, Vol.102 (1), p.56-58
Hauptverfasser: Gonçalves, Carlos Eduardo S., Rodrigues, Mauro, Soares, Tiago
Format: Artikel
Sprache:eng
Schlagworte:
Bilateral trade
Business cycle transmissions
Business cycles
Economic cycles
Euro area
Europe
European Monetary Union
European Monetary Union Bilateral trade Economic cycles
Regional disparities
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Beschreibung
Zusammenfassung:In this short article we use a simple differences-in-differences technique to investigate whether bilateral correlation of business cycles increased more amongst members of the European Monetary Union (EMU) after the implementation of the Euro than amidst other OECD economies. We present evidence suggesting this to be the case.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2008.11.011