Iikka Korhonen

Meta-analysis of the Business Cycle Correlation Between the Euro Area and the CEECs

We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests that some CEECs already have comparably high correlation with the euro area business cycle. We find that estimation methodologies can have a significant effect on correlation coefficients.

Abbonamento a RSS - Iikka Korhonen