European Business Cycle Convergence

Is the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios.

Autorentext

Jennifer Schneider studied from 2001 to 2005 Economics at the University of Hohenheim and achieved her doctorate in 2011. Since 2005 she works in the field of risk management for banks.

Inhalt

Contents: Business Cycle Convergence and Consumption Portfolio Theory Home Bias: Status quo in Europe Similarity of Portfolios Consumption and Business Cycle Correlation Empirical Model Political Implications.