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Business Cycle Synchronisation: The United States and the Euro Area

In: Catching the Flu from the United States

Author

Listed:
  • Filippo Mauro

    (European Central Bank)

  • Stephane Dees

    (European Central Bank)

  • Marco J. Lombardi

    (European Central Bank)

Abstract

Over the last 40 years economic activity between the US and the euro area has been highly interrelated to an extent which goes far beyond measurable trade, financial and other links. In this chapter we systematically examine such a link to discover that it is very solid over time although possibly not so across episodes, that is, during upturns and downturns.

Suggested Citation

  • Filippo Mauro & Stephane Dees & Marco J. Lombardi, 2010. "Business Cycle Synchronisation: The United States and the Euro Area," Palgrave Macmillan Books, in: Catching the Flu from the United States, chapter 3, pages 43-60, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28207-0_3
    DOI: 10.1057/9780230282070_3
    as

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