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On optimal currency areas and common cycles : are the acceding countries ready to join the euro?
Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10012499619
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On optimal currency areas and common cycles : are the acceding countries ready to join the euro?
Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10012506932
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Us, Japan and the Euro Area : Comparing Business-Cycle Features
McAdam, Peter - 2021
There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …
Persistent link: https://www.econbiz.de/10013319567
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Global recessions
Kose, M. Ayhan; Sugawara, Naotaka; Terrones, Marco E. - 2020
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global GDP contracted, and this contraction was accompanied by weakening of other key indicators of global economic activity....
Persistent link: https://www.econbiz.de/10012159612
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Does the economic integration of China affect growth and inflation in industrial countries?
Dreger, Christian; Zhang, Yanqun - 2013
model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area … and Japan. For robustness, the results are compared to those obtained by leading structural econometric models, such as … reveals that China is still highly vulnerable to shocks in industrial countries, including the government debt crisis in the …
Persistent link: https://www.econbiz.de/10011374308
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Does the economic integration of China affect growth and inflation in industrial countries?
Dreger, Christian; Zhang, Yanqun - 2013
Persistent link: https://www.econbiz.de/10009785443
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International business cycle spillovers
Yılmaz, Kamil - 2009
, throughout the period of analysis, the U.S. (1980s and 2000s) and Japan (1970s and 2000s) have been the major transmitters of …
Persistent link: https://www.econbiz.de/10003830890
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International Business Cycle Spillovers
Yılmaz, Kamil - 2009
show that the U.S. (1980s and 2000s) and Japan (1970s and 2000s) are the major transmitters of shocks to other countries …
Persistent link: https://www.econbiz.de/10014201075
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Business cycle synchronization and multilateral trade integration in the BRICS
Dai, Yuwen - In: The Chinese economy : translations and studies 56 (2023) 3, pp. 163-181
Persistent link: https://www.econbiz.de/10014290795
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Who will be the next in line to join the Euro Area? : a business cycle synchronization evidence
Duarte, António Portugal; Silva, Nuno Baetas da; … - 2022
The aim of this paper is to investigate business cycle synchronization between seven candidate countries to the Euro Area (EA) - Bulgaria, Czech Republic, Croatia, Hungary, Poland, Romania and Sweden - and the Euro Area (EA-12/EA-19), France and Germany. The Hodrick-Prescott filter is used to...
Persistent link: https://www.econbiz.de/10013191264