| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7217 |
| DP7217 Trade, Markup Heterogeneity and Misallocations | |
| Gino Gancia; Paolo Epifani | |
| 发表日期 | 2009-03-15 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business cycle convergence often detected in cross-country data is not confirmed at the regional level. The degree of synchronization across the euro area is similar to that to be found for the US states. Thus, the lack of convergence does not seem to be an impediment to a common monetary policy. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycle convergence Spatial correlation Spatial panel model |
| URL | https://cepr.org/publications/dp7217 |
| 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/536052 |
| 推荐引用方式 GB/T 7714 | Gino Gancia,Paolo Epifani. DP7217 Trade, Markup Heterogeneity and Misallocations. 2009. |
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