Business cycle correspondence in the European Union

Empirica

Volumn 25, Issue 1, 1998, Pages 51-77

  Dickerson, Andrew P ^a   Gibson, Heather D ^b   Tsakalotos, Euclid ^c  

^a UNIVERSITY OF KENT   (United Kingdom)

^b BANK OF GREECE   (Greece)

^c ATHENS UNIVERSITY OF ECONOMICS AND BUSINESS   (Greece)

Author keywords

Business cycles; Hodrick Prescott Filter; Monetary Union

Indexed keywords

EID: 0013018221     PISSN: 03408744     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (31)

1. Ahmed, S., Ickes, B.W., Wang, P. and Yoo, B.S. (1993) 'International Business Cycles', American Economic Review 83(3), 335-359.
2. Artis, M.J. and Zhang, W. (1997) 'International Business Cycles and the ERM: Is there a European Business Cycle?', International Journal of Finance and Economics 2(1), 1-16.
3. Bagliano, F.-C., Brandolini, A., and Dalmazzo, A. (1991) 'The CEP-OECD data set, 1950-1988', Working paper, No. 118, June.
4. Baxter, M. and Stockman, A.C. (1989) 'Business Cycles and the Exchange Rate Regime', Journal of Monetary Economics 23, 377-400.
5. Bayoumi, T. and Eichengreen, B. (1993) 'Shocking Aspects of European Monetary Integration', Chapter 7 in Torres, F. and Giavazzi, F. (eds.), Adjustment and Growth in the European Monetary Union, CEPR, Cambridge University Press.
6. Bell, B. (1993) 'The CEP-OECD Data Set, 1950-90', Working Paper, No. 118 revised, September.
7. Bini Smaghi L. and Vori, S. (1992) 'Rating the EC as an Optimal Currency Area: Is it worse than the US?', in O'Brien, R. (ed.), Finance and the International Economy: The AMEX Bank Review Prize Essays, Number 6, Oxford University Press, Oxford.
8. Blanchard, O. and Quah, D. (1989) 'The Dynamics Effects of Aggregate Demand and Supply Shocks', American Economic Review 79, 655-673.
9. Bofinger, P. (1994) 'Is Europe an Optimum Currency Area?', Chapter 3 in Steinherr, A. (ed.), 30 years of European Monetary Integration, Longman, London.
10. Canova, F. (1993) 'Detrending and Business Cycle Facts', CEPR Discussion Paper No. 782, June.
11. Carruth, A., Gibson, H.D., and Tsakalotos, E. (1995) 'Symmetric Shocks and Consumer Spending in the EU', University of Kent at Canterbury, Studies in Economics No. 95/3.
12. Christodoulakis, N., Dimelis, S.P. and Kollintzas, T. (1995) 'Comparisons of Business Cycles in the EC: Idiosyncrasies and Regularities', Economica 62, 1-27.
13. Cleveland, W.S. (1979) 'Robust Locally Weighted Regression and Smoothing Scatter Plots', Journal of the American Statistical Association 74, 829-836.
14. Cogley, T. and Nason, J.M. (1995) 'Effects of the Hodrick-Prescott Filter on Trend and Difference Stationary Time-Series: Implications for Business Cycle Research', Journal of Economic Dynamics and Control 19, 253-278.
15. Cohen, D. and Wyplosz, C. (1989) 'The European Monetary Union: An Agnostic Evaluation', Centre for Economic Policy Research, Discussion Paper, No. 306, London.
16. Emerson, M. (1990) 'Aspects of the Economics of EMU', European Economic Association, 5th Annual Conference, Lisbon.
17. Everitt, B. (1984, 2nd edition) Cluster Analysis, Gower, Hants.
18. Fiorito, R. and Kollintzas, T. (1994) 'Stylised Facts of Business Cycles in the G7 from a Real Business Cycle Perspective', European Economic Review 38(2), 235-270.
19. Fitoussi, J.-P., Atkinson, A.B., Blanchard, O.E., Flemming, J.S., Malinvaud, E., Phelps, E.S., and Solow, R.M. (1993) Competitive Disinflation: The Mark and Budgetary Politics in Europe, Oxford University Press, Oxford.
20. Freund, J.E. and Walpole, R.E. (1987, 4th edition) Mathematical Statistics, Prentice-Hall International, New Jersey.
21. Gerlach, H.M.S. (1988) 'World Business Cycles under Fixed and Flexible Exchange Rates', Journal of Money, Credit and Banking 20(4), 621-632.
22. Gonzalez Minguez, J.M. (1994) 'Interrelatedness and Cyclical Synchrony between Spain and the Main Economies', Economic Bulletin, Banco de Espana, October, 55-63.
23. Harvey, A.H. and Jaeger, A. (1993) 'Detrending, Stylized Facts, and Business Cycles', Journal of Applied Econometrics 8, 231-247.
24. Heylen, F., Van Poeck, A., and Van Gompel, J. (1995) 'Real Versus Nominal Convergence: National Labour Markets and the European Integration Process', Labour 9(1).
25. Hodrick, R.J. and Prescott, E.C. (1980) 'Post-war US Business Cycles: An Empirical Investigation', Discussion Paper, No. 451, Carnegie-Mellon University.
26. Karras, G. (1994) 'Sources of Business Cycles in Europe: 1960-1988. Evidence from France, Germany and the UK', European Economic Review 38(9), 1263-1778.
27. Kaufman, L. and Rousseeuw, P.J. (1990) Finding Groups in Data: An Introduction to Cluster Analysis, John Wiley & Sons, New York.
28. King, R.G. and Rebelo, S.T. (1993) 'Low-Frequency Filtering and Real Business Cycles', Journal of Economic Dynamics and Control 17, 207-232.
29. Krugman, P. (1991) Geography and Trade, Leuven, Leuven University Press and Cambridge, Mass. MIT Press.
30. Krugman, P. (1992) 'Lessons of Massachusetts for EMU', Chapter 8 in Torres, F. and Giavazzi, F. (eds.), Adjustment and Growth in the European Monetary Union, CEPR, Cambridge University Press.
31. Kydland, F.E. and Prescott, E.C. (1990) 'Business Cycles: Real Facts and a Monetary Myth', Federal Reserve Bank of Minneapolis Quarterly Review Spring, 3-18.