Download This PaperCorrelation of Business Cycles in the Euro Zone
7 Pages Posted: 13 Apr 2011
Date Written: January 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.
Keywords: European Monetary Union, Bilateral Trade, Economic Cycles
JEL Classification: F15, F33
Suggested Citation: Suggested Citation
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