scholarly journals On the Optimality of a GCC Monetary Union: Structural VAR, Common Trends and Common Cycles Evidence

2006 ◽  
Author(s):  
Aamer S. Abu-Qarn ◽  
Suleiman Abu-Bader
Keyword(s):  
Monetary Union ◽  
Structural Var ◽  
Common Trends ◽  
Common Cycles

scholarly journals Analysis of shocks affecting Europe: EMU and some central and eastern acceding countries

2009 ◽  
Vol 56 (1) ◽  
pp. 21-38 ◽  
Author(s):  
Arfa Ben
Keyword(s):  
Monetary Union ◽  
Euro Area ◽  
European Monetary Union ◽  
Structural Changes ◽  
Output Growth ◽  
Structural Var ◽  
European Countries ◽  
European Monetary ◽  
Demand Shocks ◽  
East European

This paper deals with the synchronization of business cycles and economic shocks between the euro area and acceding countries. We therefore extract the business cycle component of output by using Hodrick-Prescott filter. Supply and demand shocks are recovered from estimated structural VAR models of output growth and inflation using long run restriction (Blanchard and Quah). We then check the (A) symmetry of these shocks by calculating the correlation between euro area shocks and those of the different acceding countries. We find that several acceding countries have a quite high correlation of demand shocks with the euro area however supply shocks are asymmetric; the correlation between euro area and central and east European countries (CEECs) is negative. We therefore conclude that joining the European Monetary Union is not yet possible: central and east European countries have to make structural changes to join the European Monetary Union.

Common trends and common cycles in stock markets

2013 ◽  
Vol 35 ◽  
pp. 472-476 ◽  
Author(s):  
Paresh Kumar Narayan ◽  
Kannan S. Thuraisamy
Keyword(s):  
Stock Markets ◽  
Common Trends ◽  
Common Cycles

A Note on Common Cycles, Common Trends, and Convergence

2007 ◽  
Vol 25 (1) ◽  
pp. 12-20 ◽  
Author(s):  
Vasco Carvalho ◽  
Andrew Harvey ◽  
Thomas Trimbur
Keyword(s):  
Common Trends ◽  
Common Cycles

scholarly journals Common trends and common cycles in Canada: who knew so much has been going on?

2006 ◽  
Vol 39 (1) ◽  
pp. 320-347 ◽  
Author(s):  
Elizabeth C. Wakerly ◽  
Byron G. Scott ◽  
James M. Nason
Keyword(s):  
Common Trends ◽  
Common Cycles
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