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Business cycle dynamics in the CEE countries: a political economy approach

Adalet, Müge; Öz, Sumru - 2010

This paper uses a simple VAR analysis to examine 5 CEE countries (the Czech Republic, Hungary, Poland, Romania and Slovakia) in order to understand whether their business cycles are synchronized with each other and/or with the major economies that they are supposed to be linked with, namely the...

Persistent link: https://www.econbiz.de/10010273651

Business Cycle Synchronization in the Enlarged EU

Darvas, Zsolt; Szapáry, György - Matematikai Közgazdaságtan és Gazdaságelemzés, … - 2006

significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …

Persistent link: https://www.econbiz.de/10004969051

Business Cycle Synchronisation in the Enlarged EU: Comovements in the New and Old Members

Darvas, Zsolt; Szapáry, György - Magyar Nemzeti Bank (MNB) - 2004

business cycles between the EMU and eight new EU members from Central and Eastern European countries (CEECs), for which the … next step to be considered in the integration process is entry into the EMU. In contrast to the usually analyzed GDP and … of synchronization with the EMU for GDP, industrial production and exports, but not for consumption and services. The …

Persistent link: https://www.econbiz.de/10005562437

Business Cycle Sychronization in the Enlarged EU

Darvas, Zsolt; Szapáry, György - C.E.P.R. Discussion Papers - 2005

significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …

Persistent link: https://www.econbiz.de/10005792241

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016

themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …

Persistent link: https://www.econbiz.de/10011570812

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016

themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …

Persistent link: https://www.econbiz.de/10011582248

Business cycle synchronization in the EMU : core vs. periphery

Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2017

themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …

Persistent link: https://www.econbiz.de/10012111060

How Phillips curve dynamics enhance business cycle synchronization analysis in Central and Eastern Europe

Petz, Nico; Zörner, Thomas - 2025

This paper analyzes business cycle synchronization and the Phillips curve (PC) relationship in Central, Eastern, and Southeastern European (CESEE) economies relative to the euro area. We find an overall increase in business cycle synchronicity, particularly among Euro adoption candidates, with...

Persistent link: https://www.econbiz.de/10015402052

Foreign price shocks and monetary policy in an asymmetric monetary union

Wohltmann, Hans-Werner; Clausen, Volker - 2002

This paper analyzes the dynamic effects of anticipated and unanticipated foreign price increases of imported raw materials for a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private...

Persistent link: https://www.econbiz.de/10010494191

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10011509484