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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2346

Título: Business Cycles, Core and Periphery in Monetary Unions: comparing Europe and North America
Autor: Lopes, Alexandra Ferreira
Pina, Álvaro
Palavras-chave: European Union
Canada
United States
Monetary Unions
Business Cycles
Fuzzy Clustering
Issue Date: 2008
Editora: ISEG – Departamento de Economia
Citação: Lopes, Alexandra Ferreira e Álvaro Pina. 2008. "Business Cycles, Core and Periphery in Monetary Unions: comparing Europe and North America". Instituto Superior de Economia e Gestão - DE Working papers nº 21-2008/DE/UECE
Relatório da Série N.º: DE Working papers;nº 21-2008/DE/UECE
Resumo: We compare Europe with the USA and Canada as regards business cycle synchronization and core-periphery patterns. A long sample (1950-2005) makes it possible to study how these aspects have evolved over time. Results support the economic viability of EMU. Average cyclical correlations among European countries have risen significantly, reaching levels close to, or even higher than, those of North American regions. Applying fuzzy clustering to the analysis of core-periphery issues, we find Europe to actually outperform North America: the core-periphery divide is milder, and peripheral status seems generally less protracted.
URI: http://hdl.handle.net/10400.5/2346
ISSN: 0874-4548
Versão do Editor: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26523
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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