Savva, Christos S.; Neanidis, Kyriakos C.; Osborn, Denise R. - School of Economics, University of Manchester - 2007
We examine business cycle synchronizations between the euro area and the recently acceded EU and currently negotiating … countries have at least doubled their business cycle synchronization with the euro area, or changed from negative to positive … correlations, since the early 1990s. Furthermore, some have exhibited U-curved or hump-shaped business cycle correlation patterns …