Common macroeconomic shocks and business cycle fluctuations in Euro area countries

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چکیده

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Common macroeconomic shocks and business cycle fluctuations in Euro area countries

Article history: Received 17 September 2014 Received in revised form 23 March 2015 Accepted 24 March 2015 Available online 31 March 2015 This paper investigates the dynamic effects of common macroeconomic shocks in shaping business cycle fluctuations in a group of Euro-area countries. In particular, by using the structural (near) VAR methodology, we investigate the effect of area-wide shocks, w...

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ژورنال

عنوان ژورنال: International Review of Economics & Finance

سال: 2015

ISSN: 1059-0560

DOI: 10.1016/j.iref.2015.03.006