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dc.contributor.authorDöpke, Jörgen_US
dc.date.accessioned2011-06-30T15:12:20Z-
dc.date.available2011-06-30T15:12:20Z-
dc.date.issued1998en_US
dc.identifier.urihttp://hdl.handle.net/10419/47106-
dc.description.abstractThe paper presents some stylized facts of Euroland's business cycle using aggregated data. The main results are: The determination of turning points in Euroland's business cycle is not very sensitive to the detrending method used, although the level of the recent output gap depends on it. Investment, net exports and stock building explain the largest share of the swings in real GDP. The types of expenditures - except for net exports - are pro-cyclical with almost no lag or lead. The results for monetary variables are unclear, most of them show no clear-cut cyclical behavior. Prices are counter-cyclical, whereas labor productivity and real wages are pro-cyclical. The cyclical component of industrial production in all member countries shows a positive and over time increasing correlation coefficient with the one in the rest of Euroland.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 887en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordBusiness Cyclesen_US
dc.subject.keywordStylized Factsen_US
dc.subject.keywordEuropean Monetary Unionen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwKonjunkturprognoseen_US
dc.subject.stwPrognoseverfahrenen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEU-Staatenen_US
dc.titleStylized facts of Euroland's business cycleen_US
dc.typeWorking Paperen_US
dc.identifier.ppn258359676en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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