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| Tekijä: | Artis, M. Krolzig, H.-M. Toro, J. |
| Otsikko: | The European business cycle |
| Lehti: | Oxford Economic Papers
2004 : JAN, VOL. 56:1, p. 1-44 |
| Asiasana: | Business cycles European Union Exchange Rate Mechanism European Monetary System Markov chains |
| Kieli: | eng |
| Tiivistelmä: | The authors find a common unobserved component governing European business cycle dynamics, suggesting the existence of a common business cycle; they propose a dating of the business cycle, both for an index of industrial protection and GDP, and both chronologies appear to be consistent; and finally they retrieve an important set of stylized facts and relate these with those reported for the US. |
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