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Correlation of Business Cycles in the Euro ZoneCarlos Eduardo Soares GonçalvesUniversidade de São Paulo - USP Mauro RodriguesUniversity of Sao Paulo (USP) - Department of Economics Tiago SoaresUniversity 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 Accepted Paper SeriesDate posted: April 13, 2011Suggested CitationContact Information
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