2024-03-29T07:15:18Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/69962023-12-04T14:10:42Zcom_123456789_5661com_123456789_21col_123456789_5688
Do institutional changes affect business cycles? : evidence from Europe
Canova, Fabio
Ortega, Eva
Ciccarelli, Matteo
Business cycles
European Monetary Union
Panel VAR
Structural changes
Teorías de los ciclos económicos
Modelos de series temporales
Instituciones y economía
C15
C33
E32
E42
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
2009-09-18
Documento de trabajo
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/6996
eng
Documentos de Trabajo / Banco de España, 0921
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
41 p. : gráf.
application/pdf
Zona euro
Banco de España
Madrid : Banco de España, 2009