Loading…
Business-cycle synchronization in the EMU
This article asks whether the business cycles of the EU countries have become more or less synchronized after the introduction of the euro. Our findings show that all countries in our EU sample are better synchronized with the EMU-wide economy in the post-EMU period than they were before the euro. W...
Saved in:
Published in: | Applied economics 2008-06, Vol.40 (12), p.1491-1501 |
---|---|
Main Authors: | , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
cited_by | cdi_FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533 |
---|---|
cites | cdi_FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533 |
container_end_page | 1501 |
container_issue | 12 |
container_start_page | 1491 |
container_title | Applied economics |
container_volume | 40 |
creator | Furceri, D. Karras, G. |
description | This article asks whether the business cycles of the EU countries have become more or less synchronized after the introduction of the euro. Our findings show that all countries in our EU sample are better synchronized with the EMU-wide economy in the post-EMU period than they were before the euro. We also show that this increase in synchronization is present in all components of aggregate demand, as well as two supply-side variables, but it is more pronounced in the trade components (imports and, particularly, exports). It is also shown that the increase in trade within the EMU area is at least partly responsible for the increase in cyclical synchronization. |
doi_str_mv | 10.1080/00036840600843954 |
format | article |
fullrecord | <record><control><sourceid>proquest_infor</sourceid><recordid>TN_cdi_proquest_journals_212691284</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>1504043891</sourcerecordid><originalsourceid>FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533</originalsourceid><addsrcrecordid>eNqFUE1LAzEQDaJgrf4Ab8WD4GE1X83ughct9QMUL3oOaT5oZJusyVZdf71TVjwoImFmksx7j5mH0CHBpwRX-AxjzETFscC44qye8i00IlyIgtOKbaPRpl8AQOyivZyf4UkoK0fo5HKdfbA5F7rXjZ3kPuhlisF_qM7HMPFh0i3tZH7_tI92nGqyPfiqY_R0NX-c3RR3D9e3s4u7Qk-Z6ArDqOCGM4wFJ4Jyx6xyVelESbRxSi-wMa6uFKnrBaElN4ZXpcYLxWpTVlPGxuh40G1TfFnb3MmVz9o2jQo2rrOENesSDgCPfgCf4zoFmE1SQkVNKDgxRmQA6RRzTtbJNvmVSr0kWG6ck7-cA879wEm2tfqb0Cmn2raBn1fJFMeQeggKPCgeglBI7ebCayLJFBO57FagVw56PriYVuotpsaAXN_E5JIK2uffU8juvQPm-b9M9vcin1-6nVc</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>212691284</pqid></control><display><type>article</type><title>Business-cycle synchronization in the EMU</title><source>International Bibliography of the Social Sciences (IBSS)</source><source>Business Source Ultimate</source><source>EBSCOhost Econlit with Full Text</source><source>Taylor and Francis Social Sciences and Humanities Collection</source><creator>Furceri, D. ; Karras, G.</creator><creatorcontrib>Furceri, D. ; Karras, G.</creatorcontrib><description>This article asks whether the business cycles of the EU countries have become more or less synchronized after the introduction of the euro. Our findings show that all countries in our EU sample are better synchronized with the EMU-wide economy in the post-EMU period than they were before the euro. We also show that this increase in synchronization is present in all components of aggregate demand, as well as two supply-side variables, but it is more pronounced in the trade components (imports and, particularly, exports). It is also shown that the increase in trade within the EMU area is at least partly responsible for the increase in cyclical synchronization.</description><identifier>ISSN: 0003-6846</identifier><identifier>EISSN: 1466-4283</identifier><identifier>DOI: 10.1080/00036840600843954</identifier><identifier>CODEN: APPEBP</identifier><language>eng</language><publisher>London: Routledge</publisher><subject>Business cycles ; Convergence ; Economic activity ; Economic and Monetary Union ; Europe ; European Monetary Union ; International trade ; Regional disparities ; Studies ; Supply & demand</subject><ispartof>Applied economics, 2008-06, Vol.40 (12), p.1491-1501</ispartof><rights>Copyright Taylor & Francis Group, LLC 2008</rights><rights>Copyright Routledge Jun 2008</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533</citedby><cites>FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925,33223,33224</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/tafapplec/v_3a40_3ay_3a2008_3ai_3a12_3ap_3a1491-1501.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Furceri, D.</creatorcontrib><creatorcontrib>Karras, G.</creatorcontrib><title>Business-cycle synchronization in the EMU</title><title>Applied economics</title><description>This article asks whether the business cycles of the EU countries have become more or less synchronized after the introduction of the euro. Our findings show that all countries in our EU sample are better synchronized with the EMU-wide economy in the post-EMU period than they were before the euro. We also show that this increase in synchronization is present in all components of aggregate demand, as well as two supply-side variables, but it is more pronounced in the trade components (imports and, particularly, exports). It is also shown that the increase in trade within the EMU area is at least partly responsible for the increase in cyclical synchronization.</description><subject>Business cycles</subject><subject>Convergence</subject><subject>Economic activity</subject><subject>Economic and Monetary Union</subject><subject>Europe</subject><subject>European Monetary Union</subject><subject>International trade</subject><subject>Regional disparities</subject><subject>Studies</subject><subject>Supply & demand</subject><issn>0003-6846</issn><issn>1466-4283</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2008</creationdate><recordtype>article</recordtype><sourceid>8BJ</sourceid><recordid>eNqFUE1LAzEQDaJgrf4Ab8WD4GE1X83ughct9QMUL3oOaT5oZJusyVZdf71TVjwoImFmksx7j5mH0CHBpwRX-AxjzETFscC44qye8i00IlyIgtOKbaPRpl8AQOyivZyf4UkoK0fo5HKdfbA5F7rXjZ3kPuhlisF_qM7HMPFh0i3tZH7_tI92nGqyPfiqY_R0NX-c3RR3D9e3s4u7Qk-Z6ArDqOCGM4wFJ4Jyx6xyVelESbRxSi-wMa6uFKnrBaElN4ZXpcYLxWpTVlPGxuh40G1TfFnb3MmVz9o2jQo2rrOENesSDgCPfgCf4zoFmE1SQkVNKDgxRmQA6RRzTtbJNvmVSr0kWG6ck7-cA879wEm2tfqb0Cmn2raBn1fJFMeQeggKPCgeglBI7ebCayLJFBO57FagVw56PriYVuotpsaAXN_E5JIK2uffU8juvQPm-b9M9vcin1-6nVc</recordid><startdate>200806</startdate><enddate>200806</enddate><creator>Furceri, D.</creator><creator>Karras, G.</creator><general>Routledge</general><general>Taylor and Francis Journals</general><general>Taylor & Francis Ltd</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>200806</creationdate><title>Business-cycle synchronization in the EMU</title><author>Furceri, D. ; Karras, G.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2008</creationdate><topic>Business cycles</topic><topic>Convergence</topic><topic>Economic activity</topic><topic>Economic and Monetary Union</topic><topic>Europe</topic><topic>European Monetary Union</topic><topic>International trade</topic><topic>Regional disparities</topic><topic>Studies</topic><topic>Supply & demand</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Furceri, D.</creatorcontrib><creatorcontrib>Karras, G.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Applied economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Furceri, D.</au><au>Karras, G.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Business-cycle synchronization in the EMU</atitle><jtitle>Applied economics</jtitle><date>2008-06</date><risdate>2008</risdate><volume>40</volume><issue>12</issue><spage>1491</spage><epage>1501</epage><pages>1491-1501</pages><issn>0003-6846</issn><eissn>1466-4283</eissn><coden>APPEBP</coden><abstract>This article asks whether the business cycles of the EU countries have become more or less synchronized after the introduction of the euro. Our findings show that all countries in our EU sample are better synchronized with the EMU-wide economy in the post-EMU period than they were before the euro. We also show that this increase in synchronization is present in all components of aggregate demand, as well as two supply-side variables, but it is more pronounced in the trade components (imports and, particularly, exports). It is also shown that the increase in trade within the EMU area is at least partly responsible for the increase in cyclical synchronization.</abstract><cop>London</cop><pub>Routledge</pub><doi>10.1080/00036840600843954</doi><tpages>11</tpages></addata></record> |
fulltext | fulltext |
identifier | ISSN: 0003-6846 |
ispartof | Applied economics, 2008-06, Vol.40 (12), p.1491-1501 |
issn | 0003-6846 1466-4283 |
language | eng |
recordid | cdi_proquest_journals_212691284 |
source | International Bibliography of the Social Sciences (IBSS); Business Source Ultimate; EBSCOhost Econlit with Full Text; Taylor and Francis Social Sciences and Humanities Collection |
subjects | Business cycles Convergence Economic activity Economic and Monetary Union Europe European Monetary Union International trade Regional disparities Studies Supply & demand |
title | Business-cycle synchronization in the EMU |
url | http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-01T19%3A03%3A26IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_infor&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Business-cycle%20synchronization%20in%20the%20EMU&rft.jtitle=Applied%20economics&rft.au=Furceri,%20D.&rft.date=2008-06&rft.volume=40&rft.issue=12&rft.spage=1491&rft.epage=1501&rft.pages=1491-1501&rft.issn=0003-6846&rft.eissn=1466-4283&rft.coden=APPEBP&rft_id=info:doi/10.1080/00036840600843954&rft_dat=%3Cproquest_infor%3E1504043891%3C/proquest_infor%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c536t-d3264d4300641624f3eaf87f671cdfacb0ddf98a199b1274dd487c0ba39d78533%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=212691284&rft_id=info:pmid/&rfr_iscdi=true |