G2TT
来源类型Article
规范类型其他
DOI10.1016/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
URLhttp://pure.iiasa.ac.at/id/eprint/10462/
来源智库International Institute for Applied Systems Analysis (Austria)
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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.
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