Business Cycle Synchronization In Europe : Evidence From The Scandinavian Currency Union
(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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/cac1ade9-d34d-4a6a-9532-4ef58ecf136a
- author
- Jonung, Lars LU and Bergman, Ulf Michael
- publishing date
- 2011-02-21
- 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
- additional info
- Cited By :4 Export Date: 22 February 2017
- 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
- 2022-01-30 18:20:29
@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}}, doi = {{10.1111/j.1467-9957.2010.02237.x}}, volume = {{79}}, year = {{2011}}, }