UTL Repository >
ISEG - Instituto Superior de Economia e Gestão / ISEG - School of Economics & Management Lisbon >
Departamento de Economia / Department of Economics >
DE - Documentos de trabalho / Working Papers >

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

Title: Business Cycles, Core and Periphery in Monetary Unions: comparing Europe and North America
Authors: Lopes, Alexandra Ferreira
Pina, Álvaro
Keywords: European Union
Canada
United States
Monetary Unions
Business Cycles
Fuzzy Clustering
Issue Date: 2008
Publisher: ISEG – Departamento de Economia
Citation: 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
Series/Report no.: DE Working papers;nº 21-2008/DE/UECE
Abstract: 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
Publisher version: 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

Files in This Item:

File Description SizeFormat
wp212008.pdf656.91 kBAdobe PDFView/Open
Statistics
FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpaceOrkut
Formato BibTex mendeley Endnote Logotipo do DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

 
Estamos no RCAAP Governo Português separator Ministério da Educação e Ciência   Fundação para a Ciência e a Tecnologia

Financiado por:

POS_C UE