Arbeitspapier

Is there Really a European Business Cycle?

In this paper we argue that in contrast to the conclusion of Artis and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences in business cycles in the EMU-countries may not disappear due to further monetary integration, making a common monetary policy hazardous.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 268

Classification
Wirtschaft
Subject
Business cycles
ERM
EMU

Event
Geistige Schöpfung
(who)
Inklaar, Robert
de Haan, Jakob
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2000

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Inklaar, Robert
  • de Haan, Jakob
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2000

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