Seymen, Atilim - In: OECD Journal: Journal of Business Cycle Measurement and … 2012 (2012) 1, pp. 1-31
The role of global, euro area and country-specific shocks in business cycle dynamics of six euro area member countries is assessed with the aid of SVAR models. Output fluctuations are driven by global shocks to a large extent in the euro area, and no Europeanisation of business cycles due to,...
