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Euro Area Business Cycles in Turbulent Times : Convergence or Decoupling?
Ferroni, Filippo - 2015
measure alikeness of business cycles by studying the synchronization of up and down phases, the convergence properties of …
Persistent link: https://www.econbiz.de/10013019638
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Cross-Border Production Chains and Business Cycle Co-Movement between Central and Eastern European Countries and Euro Area Member States
Iossifov, Plamen K. - 2021
In this paper, we highlight the role of global value chains in the synchronization of economic activity between countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of synchronization of the business cycles of CEE countries and their main...
Persistent link: https://www.econbiz.de/10013315647
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Business Cycle Synchronization and Insurance Mechanisms in the EU
Afonso, António; Furceri, Davide - 2021
In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...
Persistent link: https://www.econbiz.de/10013316670
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Business Cycle Synchronisation and Economic Integration : New Evidence from the EU
Kappler, Marcus - 2013
Shock Propagation Mechanisms and Business Cycle Convergence -- 6 Summary and Policy Implications -- 7 Appendix -- References …
Persistent link: https://www.econbiz.de/10014016119
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EU Eastern Neighborhood : Economic Potential and Future Development
Dabrowski, Marek - 2011
Neighborhood Countries to Europe -- Income and Distribution Effects of Migration and Remittances -- Institutional Convergence of …
Persistent link: https://www.econbiz.de/10014015490
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The Political Economy Under Monetary Union : Has the Euro Made a Difference?
Fratzscher, Marcel; Stracca, Livio - 2021
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
Persistent link: https://www.econbiz.de/10013316460
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A Second Chance for Europe : Economic, Political and Legal Perspectives of the European Union
Ritzen, Jo (ed.) - 2017
; the need to rethink the unsustainable debt overhang of some Eurozone countries; and the need to use education to foster a … points-based immigration policy; clear exit options for the Eurozone; and an Open Education Area with a common second … -- A sustainable immigration policy for the EU -- A Sustainable Eurozone with Exit Options -- European Identity and the …
Persistent link: https://www.econbiz.de/10012398274
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Real Convergence in Central, Eastern and South-Eastern Europe
Martin, Reiner (ed.); Winkler, Adalbert (ed.) - 2009
international institutions in order to review key policy challenges for convergence in the region of central, eastern and south …
Persistent link: https://www.econbiz.de/10012053822
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Financial Drivers of the Euro Area Business Cycle : A Dsge-Based Approach
Hirschbühl, Dominik; Krustev, Georgi; Stoevsky, Grigor - 2021
We estimate a modified version of the “Financial Business Cycles” model originally developed by Iacoviello (2015) in order to investigate the role played by financial factors in driving the business cycle in the euro area. In the model, financial shocks such as borrower defaults, collateral...
Persistent link: https://www.econbiz.de/10013315255
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Business Cycles in the Euro Area
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2021
This paper shows that the EMU has not affected historical characteristics of member countries' business cycles and their cross-correlations. Member countries which had similar levels of GDP per-capita in the seventies have also experienced similar business cycles since then and no significant...
Persistent link: https://www.econbiz.de/10013316407