Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212495
Authors: 
Fidrmuc, Jarko
Korhonen, Iikka
Year of Publication: 
2001
Series/Report no.: 
BOFIT Discussion Papers No. 14/2001
Abstract: 
We assess the correlation of supply and demand shocks between the euro area, the EU accession countries and also the present EU countries.Shocks are recovered from estimated structural vector autoregressive models.We find that some advanced accession countries have quite high correlation with the euro area.However, even for many high income accession countries the degree of correlation remains low.Also, in the 90s many EU countries seemed to have much higher correlation with the core euro area countries than in previous decades.Continuing integration within the EU seems to have aligned business cycles of the countries as well.
Subjects: 
optimal currency area
monetary union
EU enlargement
JEL: 
E32
F42
Persistent Identifier of the first edition: 
ISBN: 
951-686-810-X
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.