0000000000131083
AUTHOR
Marianne Sensier
showing 2 related works from this author
ECR2 Economic Crisis: Resilience of Regions
2014
The picture of the economic situation in Europe resulting from the crisis that began in 2008 looks rather asymmetrical and diverse with regions that were not or hardly touched by the crises at all, with regions that were touched but that seem to recover rather progressively and with regions that still suffer quite a lot from the crisis. The fast and successful recovery of some particular regions strikes the eye and raises the question of what is behind this success. The economic crisis and recovery are at the core of all recent policy initiatives that set the framework for territorial development and cohesion policy. The objective of this project is to expose territorial evidence that suppo…
Business Cycle Affiliations in the Context of European Integration
2007
We study affiliations for the countries of the European Economic and Monetary Union (EMU) with Germany and the USA, using various business cycle measures derived from quarterly real GDP. These measures are Hodrick-Prescott and Baxter-King filtered series and annual growth rates. By using rolling contemporaneous and maximum (over a short lead/lag interval) correlations, we document increasing correlations of EMU countries with Germany, with these typically being largest during the 1990s. We also document a strong leading role for the USA in relation to these countries in the period since 1993, thereby correcting the fallacy that the European business cycle was disjointed from the USA for mos…