Caporale, Guglielmo Maria; Santis, Roberta De; Girardi, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...