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able to replicate key features of the data prior to and under EMU.We ?nd that the euro has a strong bearing on the …In this paper we analyze European business cycles before and under EMU. Across the two periods we ?nd 1) a signi … 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
able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the …In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10013370079
Persistent link: https://www.econbiz.de/10009723952
able to replicate key features of the data prior to and under EMU.We ?nd that the euro has a strong bearing on the …In this paper we analyze European business cycles before and under EMU. Across the two periods we ?nd 1) a signi … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10010735018
able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the …In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10008568444
EMU on standard business cycles statistics. However, further analysis reveals that the Euro has changed the nature of the …In contrast to the notion that the exchange-rate regime is non-neutral, there is little evidence that EMU has … before and after the introduction of the Euro. Exceptions are a strong decline in real exchange rate volatility and a …
Persistent link: https://www.econbiz.de/10011048580
EMU on standard business cycles statistics. However, further analysis reveals that the euro has changed the nature of the …In contrast to the notion that the exchange-rate regime is non-neutral, there is little evidence that EMU has … before and after the introduction of the euro. Exceptions are a strong decline in real exchange rate volatility and a …
Persistent link: https://www.econbiz.de/10011084347
Persistent link: https://www.econbiz.de/10010458768
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011499412
Persistent link: https://www.econbiz.de/10015071535