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Correlation of Business Cycles in the Euro Zone


Carlos Eduardo Soares Gonçalves


Universidade de São Paulo - USP

Mauro Rodrigues


University of Sao Paulo (USP) - Department of Economics

Tiago Soares


University of Sao Paulo (USP) - Department of Economics

January 1, 2009

Economics Letters, Vol. 102, No. 1, 2009

Abstract:     
In this short article we use a simple differences-in-differences technique to investigate whether bilateral correlation of business cycles increased more amongst members of the European Monetary Union (EMU) after the implementation of the Euro than amidst other OECD economies. We present evidence suggesting this to be the case.

Number of Pages in PDF File: 7

Keywords: European Monetary Union, Bilateral Trade, Economic Cycles

JEL Classification: F15, F33

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Date posted: April 13, 2011  

Suggested Citation

Gonçalves, Carlos Eduardo Soares, Rodrigues, Mauro and Soares, Tiago, Correlation of Business Cycles in the Euro Zone (January 1, 2009). Economics Letters, Vol. 102, No. 1, 2009. Available at SSRN: http://ssrn.com/abstract=1807452

Contact Information

Carlos Eduardo Soares Gonçalves (Contact Author)
Universidade de São Paulo - USP ( email )
São Paulo SP, 05508-900
Brazil
551130916062 (Phone)
Mauro Rodrigues
University of Sao Paulo (USP) - Department of Economics ( email )
Av. Prof. Luciano Gualberto 908
Cidade Universitaia
Sao Paulo, SP 05508-900
Brazil
+55 11 3091-6069 (Phone)
+55 11 3091-6013 (Fax)
HOME PAGE: http://www.econ.fea.usp.br/mauro
Tiago Soares
University of Sao Paulo (USP) - Department of Economics ( email )
Av. Prof. Luciano Gualberto 908
Sao Paulo SP, 05508-900
Brazil
Feedback to SSRN (Beta)


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