BUSINESS CYCLE SYNCHRONIZATION IN EUROPE: EVIDENCE FROM THE SCANDINAVIAN CURRENCY UNION*

Lars Jonung

16 citations0/0 files storedManchester School

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Historical Economic and Social Studies Global Financial Crisis and Policies

Abstract

In this paper we study business cycle synchronization in the three Scandinavian countries Denmark, Norway and Sweden prior to, during and after the Scandinavian Currency Union 1873–1913. We find that the degree of synchronization tended to increase during the currency union, thus supporting earlier empirical evidence. Estimates of factor models suggest that common Scandinavian shocks are important for these three countries. At the same time we find evidence suggesting that the importance of these shocks does not depend on the monetary regime.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 16 citations exist upstream.

References

2002Forecasting Using Principal Components From a Large Number of Predictors 1998The Endogenity of the Optimum Currency Area Criteria 1999The Band Pass Filter 2000The Generalized Dynamic-Factor Model: Identification and Estimation 2002Dissecting the cycle: a methodological investigation 2003International Business Cycles: World, Region, and Country-Specific Factors 1991International Evidence on the Historical Properties of Business Cycles 2005Understanding Changes in International Business Cycle Dynamics

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.