Question

Compare the frequency and timing of recessions in key European economies since 1960. Make separate bar charts for Germany (FRED code: DEURECM), Italy (FRED code: ITARECM), and Spain (FRED code: ESPRECM). Do their business cycles appear sufficiently well-aligned to make them operate easily in a single currency area with a common monetary policy?



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  • CreatedOctober 02, 2014
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