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Persistent link: https://www.econbiz.de/10002377396
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We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s.JEL numbers …
Persistent link: https://www.econbiz.de/10012963432
criteria implies extensive business cycle harmonization between CEECs and EU countries in the medium term …
Persistent link: https://www.econbiz.de/10014224026
We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s …
Persistent link: https://www.econbiz.de/10014224096
(CEECs), a topic that has gained attention in recent years as new EU entrants prepare for participation in the monetary union …
Persistent link: https://www.econbiz.de/10014224103
advanced accession countries, the shocks remain significantly more idiosyncratic. Furthermore, many EU countries seem to have a … EU seems to have aligned the business cycles of these countries as well …
Persistent link: https://www.econbiz.de/10014108564