Arbeitspapier
A meta-analysis of business cycle correlation between the euro area and CEECs: What do we know - and who cares?
We review the literature on business-cycle correlation between the euro area and Central and Eastern European countries (CEECs), a topic that has gained attention in recent years as new EU entrants prepare for participation in the monetary union.Our meta-analysis suggests several CEECs already have comparably high correlation with the euro area business cycle.We also find that estimation methodologies can have a significant effect on correlation coefficients.While central bankers are more conservative in their estimates, we find no evidence of a geographical bias in the studies.
- Sprache
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Englisch
- ISBN
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951-686-983-1
- Erschienen in
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Series: BOFIT Discussion Papers ; No. 20/2004
- Klassifikation
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Wirtschaft
Classification Discontinued 2008. See C83.
Business Fluctuations; Cycles
Economic Integration
Foreign Exchange
- Thema
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monetary union
optimum currency area
business cycles
meta- analysis
- Ereignis
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Geistige Schöpfung
- (wer)
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Fidrmuc, Jarko
Korhonen, Iikka
- Ereignis
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Veröffentlichung
- (wer)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
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Helsinki
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Fidrmuc, Jarko
- Korhonen, Iikka
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2004