Crespo-Cuaresma, Jesús; Fernández-Amador, Octavio - In: Journal of International Money and Finance 37 (2013) C, pp. 239-259
We analyse the dynamics of the standard deviation of demand and supply shocks as well as of the demand component of GDP across countries in the European Monetary Union (EMU). This analysis allows us to evaluate the patterns of cyclical comovement in EMU and compare them to the cyclical...