Determinants of Business Cycle Synchronisation
The analysis of the determinants of business cycle synchronisation has been a major topic in research on business cycle synchronisation. At the core of this strand of literature is the effort to identify the underlying factors that shape the symmetry or asymmetry of business cycles across countries. Understanding these factors is crucial for the design of currency areas such as the euro area and for conducting a common monetary policy.
KeywordsBusiness Cycle Fiscal Policy Euro Area Monetary Union Structural Reform
Unable to display preview. Download preview PDF.