Rozmahel, Petr; Grochová, Ladislava; Litzman, Marek - WWWforEurope - 2014
The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the European Union. In particular the paper estimates the effects of fiscal indiscipline and dissimilarity on business cycle correlation in the period 1996-2012 using a panel of 27...