Business Cycle Synchronisation And Economic Integration: New Evidence From The Eu (zew Economic Studies)

This book offers the reader a state-of-the-art overview on theory and empirics of business cycle synchronisation, structural reform and economic integration. Focusing on the ongoing integration process in the euro area and the EU, it analyses the integration process that has taken place since the 1980s and which is marked by the advent of the euro and the substantial enlargement that resulted from the accession of 12 new Member States in East and Southern Europe. This book offers the reader a state-of-the-art overview on theory and empirics of business cycle synchronisation, structural reform and economic integration. Focusing on the ongoing integration process in the euro area and the EU, it analyses the economic integration that has taken place since the 1980s and which is marked by the advent of the euro and the substantial enlargement that resulted from the accession of 12 new Member States in Eastern and Southern Europe.​ Front Matter....Pages i-vi Introduction....Pages 1-4 Literature Review....Pages 5-31 Descriptive Analysis....Pages 33-92 Determinants of Business Cycle Synchronisation....Pages 93-145 Shock Propagation Mechanisms and Business Cycle Convergence....Pages 147-170 Summary and Policy Implications....Pages 171-173 Appendix....Pages 175-182 Back Matter....Pages 183-193