Cover Image

Has the Euro changed the business cycle?

Show other versions (4)

In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant decline in real exchange rate volatility, 2) significant changes in cross-country correlations, and 3) the volatility of macroeconomic fundamentals largely unchanged. We develop a...

Full description

Saved in:
Bibliographic Details
Main Authors: Enders, Zeno (Author) , Jung, Philip (Author) , Müller, Gernot J. (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Bonn Graduate School of Economics June 2009
Series:Bonn econ discussion papers 2009,06
In: Bonn Econ Discussion Papers (2009,06)

Subjects:
Arbeitspapier
Graue Literatur
Online Access:Verlag, Volltext: http://www.bgse.uni-bonn.de/bonn-econ-papers-1/archive/2009/zeno-enders-philip-jung-and-gernot-j.-muller-has-the-euro-changed-the-business-cycle-no.-6-2009
Download aus dem Internet, Stand 30.06.2009, Volltext: http://hdl.handle.net/10419/37040
Get full text
Author Notes:by Zeno Enders, Philip Jung and Gernot J. Müller

MARC

LEADER 00000cam a2200000 c 4500
001 603371981
003 DE-627
005 20220706103739.0
007 cr uuu---uuuuu
008 090630s2009 gw |||||o 00| ||eng c
024 7 |a 10419/37040  |2 hdl 
035 |a (DE-627)603371981 
035 |a (DE-576)960337198X 
035 |a (DE-599)GBV603371981 
035 |a (OCoLC)837235906 
040 |a DE-627  |b ger  |c DE-627  |e rakwb 
041 |a eng 
044 |c XA-DE 
084 |a 17  |2 sdnb 
084 |a F41  |a F42  |a E32  |2 jelc 
100 1 |a Enders, Zeno  |d 1977-  |0 (DE-588)1042697515  |0 (DE-627)76941379X  |0 (DE-576)343512777  |4 aut 
245 1 0 |a Has the Euro changed the business cycle?  |c by Zeno Enders, Philip Jung and Gernot J. Müller 
264 1 |a Bonn  |b Graduate School of Economics  |c June 2009 
300 |a Online-Ressource (41 S.)  |b graph. Darst. 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
490 1 |a Bonn econ discussion papers  |v 2009,06 
520 |a In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant decline in real exchange rate volatility, 2) significant changes in cross-country correlations, and 3) the volatility of macroeconomic fundamentals largely unchanged. We develop a two-country business cycle model and show that the calibrated model is able to replicate key features of the data prior to and under EMU. We find that the euro has a strong bearing on the transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and domestic shocks less important in accounting for the (unchanged) volatility of macroeconomic fundamentals. -- European business cycles ; Euro ; Optimum Currency Area ; EMU ; Monetary Policy ; Exchange rate regime ; Cross-country spillovers 
538 |a Systemvoraussetzungen: Acrobat Reader. 
650 7 |8 1.1\x  |a Konjunktur  |0 (DE-627)091371635  |0 (DE-2867)10338-6  |2 stw 
650 7 |8 1.2\x  |a Volatilität  |0 (DE-627)091398819  |0 (DE-2867)18679-3  |2 stw 
650 7 |8 1.3\x  |a Euro  |0 (DE-627)091358485  |0 (DE-2867)19353-0  |2 stw 
650 7 |8 1.4\x  |a Eurozone  |0 (DE-627)091358566  |0 (DE-2867)19336-0  |2 stw 
650 7 |8 1.5\x  |a Konjunkturzusammenhang  |0 (DE-627)091371724  |0 (DE-2867)10346-0  |2 stw 
650 7 |8 1.6\x  |a Schock  |0 (DE-627)091388392  |0 (DE-2867)19524-6  |2 stw 
650 7 |8 1.7\x  |a Spillover-Effekt  |0 (DE-627)091390923  |0 (DE-2867)11931-5  |2 stw 
650 7 |8 1.8\x  |a EU-Staaten  |0 (DE-627)091358639  |0 (DE-2867)17983-5  |2 stw 
655 4 |0 (DE-206)24  |a Arbeitspapier  |5 DE-206 
655 4 |0 (DE-206)34  |a Graue Literatur  |5 DE-206 
700 1 |a Jung, Philip  |d 1976-  |0 (DE-588)132977273  |0 (DE-627)529564203  |0 (DE-576)267719302  |4 aut 
700 1 |a Müller, Gernot J.  |d 1975-  |0 (DE-588)128912340  |0 (DE-627)56908685X  |0 (DE-576)297396099  |4 aut 
810 2 |a Bonn Graduate School of Economics  |t Bonn Econ Discussion Papers  |v 2009,06  |9 2009006  |w (DE-627)372424511  |w (DE-576)281234922  |w (DE-600)2124986-6  |7 am 
856 4 0 |u http://www.bgse.uni-bonn.de/bonn-econ-papers-1/archive/2009/zeno-enders-philip-jung-and-gernot-j.-muller-has-the-euro-changed-the-business-cycle-no.-6-2009  |x Verlag  |3 Volltext 
856 4 0 |u http://hdl.handle.net/10419/37040  |x Download aus dem Internet, Stand 30.06.2009  |3 Volltext 
951 |a BO 
992 |a 20210209 
993 |a WorkingPaper 
994 |a 2009 
998 |g 1042697515  |a Enders, Zeno  |m 1042697515:Enders, Zeno  |p 1  |x j 
999 |a KXP-PPN603371981  |e 3850326322 
BIB |a Y 
JSO |a {"person":[{"family":"Enders","display":"Enders, Zeno","role":"aut","given":"Zeno"},{"family":"Jung","display":"Jung, Philip","role":"aut","given":"Philip"},{"given":"Gernot J.","role":"aut","display":"Müller, Gernot J.","family":"Müller"}],"name":{"displayForm":["by Zeno Enders, Philip Jung and Gernot J. Müller"]},"title":[{"title":"Has the Euro changed the business cycle?","title_sort":"Has the Euro changed the business cycle?"}],"physDesc":[{"extent":"Online-Ressource (41 S.)","noteIll":"graph. Darst."}],"relMultPart":[{"dispAlt":"Bonn Graduate School of Economics: Bonn Econ Discussion Papers","origin":[{"dateIssuedKey":"2000","publisher":"Univ.","dateIssuedDisp":"2000-2016","publisherPlace":"Bonn"}],"recId":"372424511","language":["eng","ger"],"note":["Gesehen am 03. November 2022"],"pubHistory":["2000-2016, 01 [?]"],"part":{"number":["2009,06"],"number_sort":["2009006"]},"disp":"Bonn econ discussion papers","corporate":[{"display":"Bonn Graduate School of Economics","role":"aut"}],"type":{"bibl":"serial","media":"Online-Ressource"},"title":[{"title":"Bonn Econ Discussion Papers / BGSE","title_sort":"Bonn Econ Discussion Papers / BGSE"}],"physDesc":[{"extent":"Online-Ressource"}],"id":{"zdb":["2124986-6"],"eki":["372424511"],"hdl":["10419/195"]}}],"type":{"media":"Online-Ressource","bibl":"book"},"id":{"hdl":["10419/37040"],"eki":["603371981"]},"origin":[{"dateIssuedKey":"2009","dateIssuedDisp":"June 2009","publisher":"Graduate School of Economics","publisherPlace":"Bonn"}],"recId":"603371981","language":["eng"]} 
SRT |a ENDERSZENOHASTHEEURO2009 

Similar Items