EconPapers    
Economics at your fingertips  
 

Similarity of supply and demand shocks between the euro area and the accession countries

Jarko Fidrmuc () and Iikka Korhonen

No 14/2001, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition

Abstract: We assess the correlation of supply and demand shocks between the euro area, the EU accession countries and also the present EU countries.Shocks are recovered from estimated structural vector autoregressive models.We find that some advanced accession countries have quite high correlation with the euro area.However, even for many high income accession countries the degree of correlation remains low.Also, in the 90s many EU countries seemed to have much higher correlation with the core euro area countries than in previous decades.Continuing integration within the EU seems to have aligned business cycles of the countries as well. Keywords: optimal currency area, monetary union, EU enlargement JEL classification numbers: E32, F42

JEL-codes: E32 F42 (search for similar items in EconPapers)
Date: 2001-06-30
References: Add references at CitEc
Citations: View citations in EconPapers (23) Track citations by RSS feed

Published in Published in Economic Systems vol 27, no 3 (2003), pp. 313-334

Downloads: (external link)
https://helda.helsinki.fi/bof/bitstream/123456789/8206/1/102024.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bof:bofitp:2001_014

Access Statistics for this paper

More papers in BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition Bank of Finland, BOFIT, P.O. Box 160, FI-00101 Helsinki, Finland. Contact information at EDIRC.
Bibliographic data for series maintained by Minna Nyman ().

 
Page updated 2019-07-21
Handle: RePEc:bof:bofitp:2001_014