Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/47106 
Autor:innen: 
Erscheinungsjahr: 
1998
Quellenangabe: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1998
Schriftenreihe/Nr.: 
Kiel Working Paper No. 887
Verlag: 
Kiel Institute of World Economics (IfW), Kiel
Zusammenfassung: 
The 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.
Schlagwörter: 
Business Cycles
Stylized Facts
European Monetary Union
JEL: 
E32
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

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