Showing 1 - 10 of 35
Persistent link: https://www.econbiz.de/10011576998
balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …
Persistent link: https://www.econbiz.de/10011587915
In this paper we argue that in contrast to the conclusion of Artis and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences...
Persistent link: https://www.econbiz.de/10009781543
This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10011582248
This paper addresses the issues of identification and dating of the Euro-zone business cycle by using the Markov … growth in the Euro-zone are identified by fitting Markov-switching models to aggregated and single-country Euro-zone real GDP … the smoothed regime probabilities from the Markov-switching models the Euro-zone business cycle is dated and recessions …
Persistent link: https://www.econbiz.de/10010493798
This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10012111060
Persistent link: https://www.econbiz.de/10011804518
Persistent link: https://www.econbiz.de/10001653584
Persistent link: https://www.econbiz.de/10001516845
Persistent link: https://www.econbiz.de/10001569757