Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
FEDERAL RESERVE BANK OF SAN FRANCISCO
WORKING PAPER SERIES
Working Paper 2007-24
http://www.frbsf.org/publications/economics …
convergence: for example, Canova, Ciccarelli and Ortega (2007) find that business cycles
have not become more aligned in euro ….
(2005) and Piazzesi and Swanson (2008), have also suggested or found evidence that risk premia move
primarily at business …