Business cycle synchronisation and currency unions: A review of the econometric evidence using meta-analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F19%3A43915097" target="_blank" >RIV/62156489:43110/19:43915097 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.irfa.2018.11.012" target="_blank" >https://doi.org/10.1016/j.irfa.2018.11.012</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.irfa.2018.11.012" target="_blank" >10.1016/j.irfa.2018.11.012</a>

Result language
angličtina
Original language name
Business cycle synchronisation and currency unions: A review of the econometric evidence using meta-analysis
Original language description
This paper offers a systematic evaluation of the evidence on the effects of currency unions on the synchronisation of economic activity. Focusing on Europe, we construct a database of about 3000 business cycles synchronisation coefficients including their design and estimation characteristics. We find that: (1) synchronisation increased from about 0.4 before the introduction of the euro in 1999 to 0.6 afterwards; (2) this increase occurred in both euro and non-euro countries (larger in former); and (3) there is evidence of country-specific publication bias.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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