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Correlation of business cycles in the euro zone

✍ Scribed by Carlos Eduardo S. Gonçalves; Mauro Rodrigues; Tiago Soares

Book ID
116422152
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
137 KB
Volume
102
Category
Article
ISSN
0165-1765

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## Abstract Multivariate unobserved components (structural) time series models are fitted to annual post‐war observations on real income per capita in countries in the Euro‐zone. The aim is to establish stylized facts about convergence as it relates both to long‐run and short‐run movements. A new m