The convergence of European business cycles 1978–2000

Paul Ormerod () and Craig Mounfield

Physica A: Statistical Mechanics and its Applications, 2002, vol. 307, issue 3, 494-504

Abstract: The degree of convergence of the business cycles of the economies of the European Union (EU) is a key policy issue. In particular, a substantial degree of convergence is needed if the European Central Bank is to be capable of setting a monetary policy which is appropriate to the stage of the cycle of the Euro zone economies.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:307:y:2002:i:3:p:494-504

DOI: 10.1016/S0378-4371(01)00609-4

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