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Title:How to be well shod to absorb shocks?: shock synchronization and joining the euro zone PDF Logo
Authors:Gilson, Natacha
Issue Date:2006
Series/Report no.:CESifo working paper 1878
Abstract:This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in some neighboring countries. The analysis is based on recent data and each Eurozone member country is compared with an aggregate series corresponding to an area made up of the entire Eurozone minus the country being compared. The results of the study confirm that, even when the series are corrected by removing the country being compared, the disturbances observed in large Eurozone countries are well correlated with the disturbances observed in other Eurozone member countries.
JEL:E42
F31
F33
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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