Artis, Michael J.; Dreger, Christian; Cholodilin, … - 2010
. Asymmetric business cycles are often seen as an impediment to the formation of a common currency area. However, it has been … argued that a common monetary policy in itself could reduce the cyclical asymmetry. We examine real business cycle … national evidence could be misleading. Regional comovements may be caused not only by common business cycles, but also by other …