asymmetry of GDP

Macroeconomic Asymmetry in the European Union: The Difference Between New and Old Members

Version Date: 
Dec 2004
Author/s: 
Abstract: 

We study the degree of output and consumption asymmetry for the ten new and fifteen original European Union members during the period 1994–2001. We establish basic stylized facts about macroeconomic asymmetry from correlations of GDP and consumption growth rates with corresponding aggregates.