| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4824 |
| DP4824 Are European Business Cycles Close Enough to be Just One? | |
| Gabriel Pérez-Quirós; Máximo Camacho | |
| 发表日期 | 2005-01-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We propose a comprehensive methodology to characterize the business cycle comovements across European economies and some industrialized countries, always trying to ?let the data speak?. Out of this framework, we propose a novel method to show that there is no ?Euro economy? that acts as an attractor to the other economies of the area. We show that the relative comovements across EU economies are prior to the establishment of the Monetary Union. We are able to explain an important proportion of the distances across their business cycles using macro-variables related to the structure of the economy, to the directions of trade, and to the size of the public sector. Finally, we show that the distances across countries that belong to the European Union are smaller than the distances across newcomers. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycle synchronization Economic integration European union enlargement Cluster analysis Multidimensional scaling |
| URL | https://cepr.org/publications/dp4824 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533733 |
| 推荐引用方式 GB/T 7714 | Gabriel Pérez-Quirós,Máximo Camacho. DP4824 Are European Business Cycles Close Enough to be Just One?. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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