Logo of Humboldt-Universität zu BerlinLogo of Humboldt-Universität zu Berlin
edoc-Server
Open-Access-Publikationsserver der Humboldt-Universität
de|en
Header image: facade of Humboldt-Universität zu Berlin
View Item 
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Wirtschaftswissenschaftliche Fakultät
  • Discussion papers of interdisciplinary research project 373 / Sonderforschungsbereich 373
  • View Item
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Wirtschaftswissenschaftliche Fakultät
  • Discussion papers of interdisciplinary research project 373 / Sonderforschungsbereich 373
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.
All of edoc-ServerCommunity & CollectionTitleAuthorSubjectThis CollectionTitleAuthorSubject
PublishLoginRegisterHelp
StatisticsView Usage Statistics
All of edoc-ServerCommunity & CollectionTitleAuthorSubjectThis CollectionTitleAuthorSubject
PublishLoginRegisterHelp
StatisticsView Usage Statistics
View Item 
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Wirtschaftswissenschaftliche Fakultät
  • Discussion papers of interdisciplinary research project 373 / Sonderforschungsbereich 373
  • View Item
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Wirtschaftswissenschaftliche Fakultät
  • Discussion papers of interdisciplinary research project 373 / Sonderforschungsbereich 373
  • View Item
2005-09-14Buch DOI: 10.18452/3303
Stabilization Policy and Business Cycle Phases in Europe
A Markov Switching VAR Analysis
Beine, Michel
Candelon, Bertrand
Sekkat, Khalid
Most of the empirical studies dealing with international business cycles have disregarded the credibility issues that play an important role in the decision to join or not a monetary union. Most of empirical applications based on asymmetric shocks have failed to account for these aspects. In this paper, we tackle this problem by relying on a regime switching approach that characterizes the position of each economy in its business cycle. Then, using desynchronisation indices based on a non parametric approach, we measure the amplitude and the duration of divergence in the business cycles in order to assess the potential stabilization cost induced by the European economic and monetary union.
Files in this item
Thumbnail
91.pdf — Adobe PDF — 286.6 Kb
MD5: 8b1a3155bbc293585014bee1c699c750
Cite
BibTeX
EndNote
RIS
InCopyright
Details
DINI-Zertifikat 2019OpenAIRE validatedORCID Consortium
Imprint Policy Contact Data Privacy Statement
A service of University Library and Computer and Media Service
© Humboldt-Universität zu Berlin
 
DOI
10.18452/3303
Permanent URL
https://doi.org/10.18452/3303
HTML
<a href="https://doi.org/10.18452/3303">https://doi.org/10.18452/3303</a>