Arbeitspapier
Cyclical fluctuations in the Mediterranean basin
We investigate the similarities of macroeconomic fluctuations in the Mediterranean basin and their convergence. A model with three indicators, covering the West, the East and the MENA portions of the Mediterranean, characterizes well the historical experience since the early 1980. Convergence and divergence coexist in the region and are reversible. Except for the West, domestic cyclical fluctuations are still due to national and idiosyncratic causes. The outlook for the next few years looks rosier for the MENA and the East blocks than for the West.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 1367
- Classification
-
Wirtschaft
Bayesian Analysis: General
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Business Fluctuations; Cycles
- Subject
-
Bayesian methods
business cycles
developing and developed countries
Mediterranean basin
- Event
-
Geistige Schöpfung
- (who)
-
Canova, Fabio
Ciccarelli, Matteo
- Event
-
Veröffentlichung
- (who)
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European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Canova, Fabio
- Ciccarelli, Matteo
- European Central Bank (ECB)
Time of origin
- 2011
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