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Business Cycle Synchronisation: The United States and the Euro Area

Filippo Mauro, Stephane Dees and Marco Lombardi
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Filippo Mauro: European Central Bank

Chapter 3 in Catching the Flu from the United States, 2010, pp 43-60 from Palgrave Macmillan

Abstract: Abstract Over the last 40 years economic activity between the US and the euro area has been highly interrelated to an extent which goes far beyond measurable trade, financial and other links. In this chapter we systematically examine such a link to discover that it is very solid over time although possibly not so across episodes, that is, during upturns and downturns.

Keywords: Business Cycle; Euro Area; Cyclical Development; Impact Elasticity; Business Cycle Synchronisation (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28207-0_3

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DOI: 10.1057/9780230282070_3

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