Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5098978 | Journal of Economic Dynamics and Control | 2012 | 14 Pages |
Abstract
We study the effects that the Maastricht Treaty, the creation of the ECB, and the Euro changeover had on the dynamics of European business cycles using a panel VAR and data from 10 European countries-seven from the Euro area and three outside of it. There are changes in the features of European business cycles and in the transmission of shocks. They precede the three events of interest and are more linked to a general process of European convergence and synchronization.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Fabio Canova, Matteo Ciccarelli, Eva Ortega,