Ramos Lobo, RaúlClar López, MiquelSuriñach Caralt, Jordi2015-04-142015-04-142003-060003-6846https://hdl.handle.net/2445/65029Available empirical evidence regarding the degree of symmetry between European economies in the context of Monetary Unification is not conclusive. This paper offers new empirical evidence concerning this issue related to the manufacturing sector. Instead of using a static approach as most empirical studies do, we analyse the dynamic evolution of shock symmetry using a state-space model. The results show a clear reduction of asymmetries in terms of demand shocks between 1975 and 1996, with an increase in terms of supply shocks at the end of the period.12 p.application/pdfeng(c) Taylor and Francis, 2003Indústria manufactureraManufacturesAnàlisi econòmicaIntegració europeaUnions monetàriesPolítica econòmicaManufacturing industriesManufacturesEconomic analysisEuropean federationMonetary unionsEconomic policyinfo:eu-repo/semantics/article5025052015-04-14info:eu-repo/semantics/openAccess