Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2137
Título: Business cycle synchronization and insurance mechanisms in the EU
Autor: Afonso, António
Furceri, Davide
Palavras-chave: EU
Optimum Currency Areas
Business Cycle Synchronization
Insurance Mechanisms
Data: Dez-2007
Editora: European Central Bank
Citação: Afonso, António e Davide Furceri . 2007. "Business cycle synchronization and insurance mechanisms in the EU". European Central Bank working paper series nº 844-2007
Relatório da Série N.º: European Central Bank working paper series;nº 844-2007
Resumo: In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have well synchronized business cycles, for some of the other countries, business cycles are not yet well synchronized with the euro area's business cycle, and risk-sharing mechanisms may not provide enough insurance against shocks.
URI: http://hdl.handle.net/10400.5/2137
ISSN: 1725-2806
Versão do Editor: http://www.ecb.int/pub/pdf/scpwps/ecbwp844.pdf
Aparece nas colecções:DE - Documentos de trabalho / Working Papers

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