Showing 1 - 10 of 42,499
business cycles between the EMU and eight new EU members from Central and Eastern European countries (CEECs), for which the … next step to be considered in the integration process is entry into the EMU. In contrast to the usually analyzed GDP and … of synchronization with the EMU for GDP, industrial production and exports, but not for consumption and services. The …
Persistent link: https://www.econbiz.de/10005562437
significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …
Persistent link: https://www.econbiz.de/10005792241
Persistent link: https://www.econbiz.de/10005715047
This paper uses a simple VAR analysis to examine 5 CEE countries (the Czech Republic, Hungary, Poland, Romania and Slovakia) in order to understand whether their business cycles are synchronized with each other and/or with the major economies that they are supposed to be linked with, namely the...
Persistent link: https://www.econbiz.de/10010273651
This paper uses a simple VAR analysis to examine 5 CEE countries (the Czech Republic, Hungary, Poland, Romania and Slovakia) in order to understand whether their business cycles are synchronized with each other and/or with the major economies that they are supposed to be linked with, namely the...
Persistent link: https://www.econbiz.de/10008522628
Using the dynamic conditional correlation (DCC) model due to Engle (2002), we estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rather heterogeneous patterns of international synchronization exist during U.S. recessions. During the...
Persistent link: https://www.econbiz.de/10011373496
Persistent link: https://www.econbiz.de/10009622252
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States …
Persistent link: https://www.econbiz.de/10012055423
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States …
Persistent link: https://www.econbiz.de/10012099110
In this paper we analyze European business cycles before and under EMU. Across the two periods we ?nd 1) a signi … able to replicate key features of the data prior to and under EMU.We ?nd that the euro has a strong bearing on the … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10010270020