Business Cycles in Post-Reunified Germany: Closer Together or Further Apart?
In this article we document the features of business cycles in German Länders from 1970 and 2007. Specifically, we answer the question if German Länders are becoming more synchronized or not. All results indicate that the synchronization of cycles is stronger inside the former Western Germany and inside the former Eastern Germany. The reunification process has had a strong influence in terms of business cycle association. However, a process of cyclical convergence has begun, although slowly, after the reunification.
|Date of creation:||15 Jun 2010|
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- Jakob de Haan & Robert Inklaar & Olaf Sleijpen, 2002. "Have Business Cycles Become More Synchronized?," Journal of Common Market Studies, Wiley Blackwell, vol. 40(1), pages 23-42, 03.
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