Testing cyclical convergence with the factor model in the Euro Area

被引：0

作者：

Jesus Delgado-Rodriguez, Maria ^{[1
]}

De Lucas-Santos, Sonia ^{[2
]}

机构：

[1] Univ Rey Juan Carlas, Madrid, Spain

[2] Univ Autonoma Madrid, Madrid, Spain

来源：

ECONOMICS BULLETIN | 2013年 / 33卷 / 03期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we use the factor model and propose a parametric approach to investigate the process of cyclical convergence in the Euro Area (EA) over the period 1989-2011. Our results show that despite the fact that EA countries share a common business cycle, further convergence after the run-up period to the euro is found not to have been reached.

引用

页码：2245 / 2250

页数：6

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