Business cycles, core and periphery in monetary unions: Comparing Europe and North America

Detalhes bibliográficos
Autor(a) principal: Ferreira-Lopes, Alexandra
Data de Publicação: 2008
Outros Autores: Pina, Álvaro M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/23934
Resumo: We compare Europe with the USA and Canada as regards business cycle synchronization and core-periphery patterns. A long sample (1950-2005) makes it possible to study how these aspects have evolved over time. Results support the economic viability of EMU. Average cyclical correlations among European countries have risen signicantly, reaching levels close to, or even higher than, those of North American regions. Applying fuzzy clustering to the analysis of core-periphery issues, we nd Europe to actually outperform North America: the core-periphery divide is milder, and peripheral status seems generally less protracted.
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spelling Business cycles, core and periphery in monetary unions: Comparing Europe and North AmericaEuropean UnionCanadáUSAMonetary UnionsBusiness CyclesFuzzy ClusteringWe compare Europe with the USA and Canada as regards business cycle synchronization and core-periphery patterns. A long sample (1950-2005) makes it possible to study how these aspects have evolved over time. Results support the economic viability of EMU. Average cyclical correlations among European countries have risen signicantly, reaching levels close to, or even higher than, those of North American regions. Applying fuzzy clustering to the analysis of core-periphery issues, we nd Europe to actually outperform North America: the core-periphery divide is milder, and peripheral status seems generally less protracted.ISCTE - UNIDE ERCRepositório da Universidade de LisboaFerreira-Lopes, AlexandraPina, Álvaro M.2022-03-28T13:25:26Z20082008-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/23934engFerreira-Lopes, Alexandra e Álvaro M. Pina .2008. “Business cycles, core and periphery in monetary unions: Comparing Europe and North America” .ISCTE – UNIDE ERC. Working Paper nº 19/2008info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:53:34Zoai:www.repository.utl.pt:10400.5/23934Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:05.338907Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Business cycles, core and periphery in monetary unions: Comparing Europe and North America
title Business cycles, core and periphery in monetary unions: Comparing Europe and North America
spellingShingle Business cycles, core and periphery in monetary unions: Comparing Europe and North America
Ferreira-Lopes, Alexandra
European Union
Canadá
USA
Monetary Unions
Business Cycles
Fuzzy Clustering
title_short Business cycles, core and periphery in monetary unions: Comparing Europe and North America
title_full Business cycles, core and periphery in monetary unions: Comparing Europe and North America
title_fullStr Business cycles, core and periphery in monetary unions: Comparing Europe and North America
title_full_unstemmed Business cycles, core and periphery in monetary unions: Comparing Europe and North America
title_sort Business cycles, core and periphery in monetary unions: Comparing Europe and North America
author Ferreira-Lopes, Alexandra
author_facet Ferreira-Lopes, Alexandra
Pina, Álvaro M.
author_role author
author2 Pina, Álvaro M.
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Ferreira-Lopes, Alexandra
Pina, Álvaro M.
dc.subject.por.fl_str_mv European Union
Canadá
USA
Monetary Unions
Business Cycles
Fuzzy Clustering
topic European Union
Canadá
USA
Monetary Unions
Business Cycles
Fuzzy Clustering
description We compare Europe with the USA and Canada as regards business cycle synchronization and core-periphery patterns. A long sample (1950-2005) makes it possible to study how these aspects have evolved over time. Results support the economic viability of EMU. Average cyclical correlations among European countries have risen signicantly, reaching levels close to, or even higher than, those of North American regions. Applying fuzzy clustering to the analysis of core-periphery issues, we nd Europe to actually outperform North America: the core-periphery divide is milder, and peripheral status seems generally less protracted.
publishDate 2008
dc.date.none.fl_str_mv 2008
2008-01-01T00:00:00Z
2022-03-28T13:25:26Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/23934
url http://hdl.handle.net/10400.5/23934
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Ferreira-Lopes, Alexandra e Álvaro M. Pina .2008. “Business cycles, core and periphery in monetary unions: Comparing Europe and North America” .ISCTE – UNIDE ERC. Working Paper nº 19/2008
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISCTE - UNIDE ERC
publisher.none.fl_str_mv ISCTE - UNIDE ERC
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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