EconPapers    
Economics at your fingertips  
 

Comparisons of Business Cycles in Greece and the EC: Idiosyncracies and Regularities

Nicos Christodoulakis (), Sophia Dimelis () and Tryphon Kollintzas ()

No 809, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The paper compares the cyclical behaviour of the Greek economy to that of the other EC economies, using quarterly and annual data since 1960 and the Real Business Cycle model as a theoretical framework. The evidence suggests that there are remarkable similarities in these features despite significant differences in the patterns of fiscal and monetary policies and the terms of trade. We take this evidence to suggest that the propagation mechanism for business cycles in Greece is fairly similar to that in the other EC countries. Hence, the integration of the Greek economy within the EC under a set of uniform institutions and policies should not be a problem as far as the business cycle is concerned.

Keywords: Business Fluctuations; Cycles; Economic Integration; European Community; Greece (search for similar items in EconPapers)
JEL-codes: C40 E32 (search for similar items in EconPapers)
Date: 1993-08
References: Add references at CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=809 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

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:cpr:ceprdp:809

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=809

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2020-04-06
Handle: RePEc:cpr:ceprdp:809