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Trends and cycles in the euro area: how much heterogeneity and should we worry about it?

Giannone, Domenico; Reichlin, Lucrezia - 2006

Not so much and we should not, at least not yet.

Persistent link: https://www.econbiz.de/10011604641

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2009

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/10011605056

VARs, common factors and the empirical validation of equilibrium business cycle models

Giannone, Domenico; Reichlin, Lucrezia; Sala, Luca - In: Journal of econometrics 132 (2006) 1, pp. 257-279

Persistent link: https://www.econbiz.de/10003320265

Business cycles in the euro area

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2009

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...