@misc{Fuinhas_José_Alberto_Different_2011,
 author={Fuinhas, José Alberto and Marques, António Cardoso},
 year={2011},
 rights={Wszystkie prawa zastrzeżone (Copyright)},
 publisher={Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu},
 description={Argumenta Oeconomica, 2011, Nr 2 (27), s. 37-64},
 language={eng},
 abstract={This paper focuses on analyzing the impact of the consequences of monetary union on GDP volatility in Portugal. Using quarterly data from 1978:01 to 2009:04, we test the output composition effect and the correlation effect through three alternative approaches of volatility: year on year, quarter on quarter and the value of output gap. Results support the presence of the composition effect. Overall, the average covariance has played a relevant role in lowering volatility. Evidence also indicates that there is a regime shift near the years 1992-3, while both European Union membership and participation in the euro area contribute towards smoothing the economy. The decreasing path of volatility was slightly reversed after the country became a euro area member},
 title={Different measures of volatility: the hypothesis of output composition in Portugal},
 type={artykuł},
 keywords={macroeconomic volatility, output composition effect, correlation effect, Unia Gospodarcza i Walutowa, produkt krajowy brutto, PKB, zmienność, strefa euro, korelacja},
}