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
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 268
- Classification
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Wirtschaft
- Subject
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Business cycles
ERM
EMU
- Event
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Geistige Schöpfung
- (who)
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Inklaar, Robert
de Haan, Jakob
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2000
- Handle
- Last update
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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