Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25923 
Authors: 
Year of Publication: 
2006
Series/Report no.: 
CESifo Working Paper No. 1878
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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
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