English, Article, Journal or magazine article edition: Do institutional changes affect business cycles? Evidence from Europe Fabio Canova; Matteo Ciccarelli; Eva Ortega

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Bookmark: http://trove.nla.gov.au/version/154064
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Do institutional changes affect business cycles? Evidence from Europe
Author
  • Fabio Canova
  • Matteo Ciccarelli
  • Eva Ortega
Physical Description
  • preprint
Notes
  • We study the effects that the Maastricht treaty, the creation of the ECB, and the Euro changeover had on the dynamics of European business cycles using a panel VAR and data from ten European countries - seven from the Euro area and three outside of it. There are slow changes in the features of business cycles and in the transmission of shocks. Time variations appear to be unrelated to the three events of interest and instead linked to a process of European convergence and synchronization.
  • Business cycles, EuropeanMonetary Union, Panel VAR, Structural changes
  • RePEc:upf:upfgen:1158
Language
  • English
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