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Business Cycle Synchronization In Europe : Evidence From The Scandinavian Currency Union

Jonung, Lars LU and Bergman, Ulf Michael (2011) In Manchester School 79(2). p.268-292
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.
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author
publishing date
type
Contribution to journal
publication status
published
subject
in
Manchester School
volume
79
issue
2
pages
25 pages
publisher
Wiley-Blackwell
external identifiers
  • scopus:79951790584
ISSN
1463-6786
DOI
10.1111/j.1467-9957.2010.02237.x
language
English
LU publication?
no
id
cac1ade9-d34d-4a6a-9532-4ef58ecf136a
alternative location
https://www.scopus.com/inward/record.uri?eid=2-s2.0-79951790584&doi=10.1111%2fj.1467-9957.2010.02237.x&partnerID=40&md5=4e338a2af64798c9f056b3f487546e86
date added to LUP
2017-02-22 16:12:41
date last changed
2017-10-16 09:55:34
@article{cac1ade9-d34d-4a6a-9532-4ef58ecf136a,
  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.},
  author       = {Jonung, Lars and Bergman, Ulf Michael},
  issn         = {1463-6786},
  language     = {eng},
  month        = {02},
  number       = {2},
  pages        = {268--292},
  publisher    = {Wiley-Blackwell},
  series       = {Manchester School},
  title        = {Business Cycle Synchronization In Europe : Evidence From The Scandinavian Currency Union},
  url          = {http://dx.doi.org/10.1111/j.1467-9957.2010.02237.x},
  volume       = {79},
  year         = {2011},
}