van Riet, Ad; Ernst, Ekkehard; Madaschi, Christophe; … - 2004
smaller euro area countries towards the end-1990s, it is too early to detect any potential impact of EMU. 3) Despite some … changes in sectoral composition, the business cycles of euro area countries became more synchronised over the 1990s, which may … much as 50% of the increase in labour productivity growth in business sector services in the euro area. 5) The slowdown of …
