Premium
Business Cycles under Monetary Union: A Comparison of the EU and US
Author(s) -
Wynne Mark A.,
Koo Jahyeong
Publication year - 2000
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/1468-0335.00213
Subject(s) - business cycle , economics , synchronization (alternating current) , monetary policy , monetary economics , international economics , business , macroeconomics , computer science , telecommunications , channel (broadcasting)
This paper documents business cycle similarities and differences among the12 Federal Reserve districts in the USA and the 15 countries that make upthe EU. The comparison is suggestive of what might be expected to emerge inthe way of business cycle synchronization from a monetary union between themember states of the EU.