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Summary and Policy Implications

  • Marcus Kappler
  • Andreas Sachs
Chapter
Part of the ZEW Economic Studies book series (ZEW, volume 45)

Abstract

Over the decades before the financial crisis, a convergence in business cycles and a decline in output volatility has been witnessed in all major industrialised countries. Hence, it is difficult to identify a specific “euro effect” among the broader business cycle convergence that has occurred.

Keywords

Business Cycle Euro Area Structural Reform Euro Area Country Business Cycle Synchronisation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • Marcus Kappler
    • 1
  • Andreas Sachs
    • 1
  1. 1.Centre for European Economic ResearchMannheimGermany

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