Article in Journal
Are business cycles in Euroland similar?
Erich Langmantel
ifo Institut für Wirtschaftsforschung, München, 2001
in: ifo Schnelldienst, 2001, 54, Nr. 06, 53-54
ifo Institut für Wirtschaftsforschung, München, 2001
in: ifo Schnelldienst, 2001, 54, Nr. 06, 53-54
![](https://www.ifo.de/DocImg/ifosd_2001_6_7.jpg?c=1689237027)
The members of the European Monetary Union have a joint monetary policy and thus form a joint economic alliance. For such an economic alliance to function, the business cycles in the participating countries should have common structural features. The results of a structural time-series model shows that at least the three largest economies in the EMU - Germany, France and Italy - are in fact a very close economic alliance.
JEL Classification: E320
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ifo Schnelldienst 06/2001
ifo Institut für Wirtschaftsforschung, München, 2001