| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1016/j.jmacro.2013.02.001 |
| Business cycle convergence in EMU: A first look at the second moment. | |
| Crespo Cuaresma J; Fernandez-Amador O | |
| 发表日期 | 2013 |
| 出处 | Journal of Macroeconomics : 265-284 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We propose the analysis of the dynamics of the standard deviation of business cycles across Euro area countries in order to evaluate the patterns of cyclical convergence in the European Monetary Union for the period 1960-2008. We identify significant business cycle divergence taking place in the mid-eighties, followed by a persistent convergence period spanning most of the nineties. This convergent episode finishes roughly with the birth of the European Monetary Union. We show that a hypothetical Euro area including all the new members of the recent enlargement rounds does not imply a sizeable decrease in the optimality of the currency union. Finally, the European synchronization differential with respect to other developed economies seems to have been diluted within a global cycle since 2004. |
| 主题 | World Population (POP) |
| 关键词 | Business cycles Business cycle convergence European Monetary Union |
| URL | http://pure.iiasa.ac.at/id/eprint/10462/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/129777 |
| 推荐引用方式 GB/T 7714 | Crespo Cuaresma J,Fernandez-Amador O. Business cycle convergence in EMU: A first look at the second moment.. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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