Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/23035
Título: | Oil shocks and the euro as an optimum currency area |
Autor(es): | Conraria, Luís Aguiar Rodrigues, Teresa Maria Soares, M. J. |
Palavras-chave: | Oil prices Business cyles the Euro Optimum currency areas Wavelet analysis |
Data: | 2013 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | We use wavelet analysis to study the impact of the Euro adoption on the oil price macroeconomy relation in the Euroland. We uncover evidence that the oil-macroeconomy relation changed in the past decades. We show that after the Euro adoption some countries became more similar with respect to how their macroeconomies react to oil shocks. However, we also conclude that the adoption of the common currency did not contribute to a higher degree of synchronization between Portugal, Ireland and Belgium and the rest of the countries in the Euroland. On the contrary, in these countries the macroeconomic reaction to an oil shock became more asymmetric after adopting the Euro. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/23035 |
Versão da editora: | http://new.nipe.eeg.uminho.pt/Uploads/NIPE_WP_01_2013.pdf |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_01_2013.pdf | NIPE WP 01/2013 | 686,07 kB | Adobe PDF | Ver/Abrir |