Massmann, Michael (contributor); Mitchell, James (contributor) - 2003 - [Elektronische Ressource]
measure of the business
cycle considered, our measure of convergence between the Eurozone business cycles
exhibits common … convergence, identified by the
distribution tending to unity, and periods of divergence. Although further data are
required to … corroborate the story, there is evidence to suggest that the Euro-zone
has entered a period of convergence after the clear period …