Business cycles, core and periphery in monetary unions : comparing Europe and North America

We compare Europe with the USA and Canada as regards business cycle synchronization and core-periphery patterns. A long sample (1950-2005) makes it possible to study how these aspects have evolved over time. Results support the economic viability of EMU. Average cyclical correlations among European...

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Bibliographic Details
Main Author: Lopes, Alexandra Ferreira (author)
Other Authors: Pina, Álvaro (author)
Format: workingPaper
Language:eng
Published: 2010
Subjects:
Online Access:http://hdl.handle.net/10400.5/2346
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/2346