Richter, Christian; Hallett, Andrew Hughes - Society for Computational Economics - SCE - 2005
The dating of a possible European business cycle has been inconclusive. At this stage, there is no consensus on the … existence of such a cycle, or of its periodicity and amplitude, or of the relationship of individual member countries to that … cycle. Yet cyclical convergence is the key consideration for countries that wish to be members of the currency union. The …