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- URN to cite this document:
- urn:nbn:de:bvb:355-epub-247744
- DOI to cite this document:
- 10.5283/epub.24774
Abstract
This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse responses. Several Wald tests are applied to the latter hypothesis. Results reveal that differences in ...
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