Has the Euro changed the business cycle?
In contrast to the notion that the exchange-rate regime is non-neutral, there is little evidence that EMU has systematically changed the European business cycle. In fact, we find the volatility of macroeconomic variables largely unchanged before and after the introduction of the Euro. Exceptions are...
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| Main Authors: | , , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
2013
|
| In: |
European economic review
Year: 2012, Volume: 59, Pages: 189-211 |
| ISSN: | 1873-572X |
| DOI: | 10.1016/j.euroecorev.2012.12.003 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.euroecorev.2012.12.003 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0014292112001584 
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| Author Notes: | Zeno Enders, Philip Jung, Gernot J. Müller |
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