Arbeitspapier
Meta-analysis of the business cycle correlation between the Euro Area and the CEECs
We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to be more conservative in their estimates than academics or eurosystem researchers, we find no evidence of a geographical bias in the studies.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 1693
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
Classification Discontinued 2008. See C83.
Foreign Exchange
Economic Integration
- Subject
-
monetary union
optimum currency area
business cycles
meta analysis
Europäische Wirtschafts- und Währungsunion
Konjunkturzusammenhang
Schätzung
Value at Risk
Osteuropa
EU-Staaten
- Event
-
Geistige Schöpfung
- (who)
-
Fidrmuc, Jarko
Korhonen, Iikka
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:43 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
- Fidrmuc, Jarko
- Korhonen, Iikka
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2006
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