Business cycle synchronization and insurance mechanisms in the EU

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2007
Outros Autores: Furceri, Davide
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/2137
Resumo: In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have well synchronized business cycles, for some of the other countries, business cycles are not yet well synchronized with the euro area's business cycle, and risk-sharing mechanisms may not provide enough insurance against shocks.
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spelling Business cycle synchronization and insurance mechanisms in the EUEUOptimum Currency AreasBusiness Cycle SynchronizationInsurance MechanismsIn this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have well synchronized business cycles, for some of the other countries, business cycles are not yet well synchronized with the euro area's business cycle, and risk-sharing mechanisms may not provide enough insurance against shocks.European Central BankRepositório da Universidade de LisboaAfonso, AntónioFurceri, Davide2010-06-18T08:46:16Z2007-122007-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2137engAfonso, António e Davide Furceri . 2007. "Business cycle synchronization and insurance mechanisms in the EU". European Central Bank working paper series nº 844-20071725-2806info: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:RCAAP2023-03-06T14:33:22Zoai:www.repository.utl.pt:10400.5/2137Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:50:12.596328Repositório 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 cycle synchronization and insurance mechanisms in the EU
title Business cycle synchronization and insurance mechanisms in the EU
spellingShingle Business cycle synchronization and insurance mechanisms in the EU
Afonso, António
EU
Optimum Currency Areas
Business Cycle Synchronization
Insurance Mechanisms
title_short Business cycle synchronization and insurance mechanisms in the EU
title_full Business cycle synchronization and insurance mechanisms in the EU
title_fullStr Business cycle synchronization and insurance mechanisms in the EU
title_full_unstemmed Business cycle synchronization and insurance mechanisms in the EU
title_sort Business cycle synchronization and insurance mechanisms in the EU
author Afonso, António
author_facet Afonso, António
Furceri, Davide
author_role author
author2 Furceri, Davide
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Furceri, Davide
dc.subject.por.fl_str_mv EU
Optimum Currency Areas
Business Cycle Synchronization
Insurance Mechanisms
topic EU
Optimum Currency Areas
Business Cycle Synchronization
Insurance Mechanisms
description In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have well synchronized business cycles, for some of the other countries, business cycles are not yet well synchronized with the euro area's business cycle, and risk-sharing mechanisms may not provide enough insurance against shocks.
publishDate 2007
dc.date.none.fl_str_mv 2007-12
2007-12-01T00:00:00Z
2010-06-18T08:46:16Z
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/10400.5/2137
url http://hdl.handle.net/10400.5/2137
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e Davide Furceri . 2007. "Business cycle synchronization and insurance mechanisms in the EU". European Central Bank working paper series nº 844-2007
1725-2806
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 European Central Bank
publisher.none.fl_str_mv European Central Bank
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
repository.mail.fl_str_mv
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