Integration

DETERMINANTS OF A SYMMETRY IN THE CYCLICAL FLUCTUATIONS BETWEEN CEECs AND EURO AREA

Journal: 
31
Authors: 
Mercé SALA RÍOS
Teresa TORRES SOLÉ
Dolors Márquez Cebrián
Pilar Muñoz Gràcia

This paper analyzes the links between business cycle correlation and trade intensity, sectoral specialization and higher degree of monetary and fiscal policy coordination. We apply the analysis to Central and Eastern European Countries (CEES) in relation to euro area over the period 2004-2006.

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