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A comparison of the cyclical evolution of various geographic areas of reference with Portugal
Jorge M. L. G. Andraz
Raul Filipe C. Guerreiro
This article evaluates the existing relative degree of association among several developed economies, including Portugal. Using the Kalman filter the cyclical evolution of GDP in Portugal is compared with the cyclical evolution of GDP from several other economies of reference, such as the euro area, France, Germany, Greece, Ireland, Italy, Japan, Spain, the UK and the US.