期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2009
卷号：XVIII
期号：01
出版社：University of Oradea
摘要：The construction of European Monetary Union has raised several questions about the existence of a
common business cycle, a European one. The lack of cyclical synchronization would complicate the
monetary and fiscal policies in the Union, being a negative factor as regards the fulfilling of the necessary
conditions for the existence of an optimal currency area. Like so many other economic issues, there is not a
unanimously agreed verdict on this matter either. Thus, some authors sustain the asymmetry and
heterogeneity of European business cycles and the existence of national cycle "clusters”, while others
identify a number of similarities that determined them to promote the idea of a single European cycle.
关键词：European business cycle, correlation, synchronization of business cycles
