Business cycle synchronization and the Euro: A wavelet analysis
نویسندگان
چکیده
منابع مشابه
Business Cycle Synchronization Across the Euro Area: a Wavelet Analysis∗
We use wavelets, cross-wavelets, wavelet-phase analysis, wavelet-clustering and multidimensional mapping to study business cycle synchronization across countries that are part of the Euro12 Area. Based on the wavelet spectra, we propose a metric to measure business cycle disynchronicity. We identify Germany, France, Spain, Austria and the Benelux countries as the core of the Euroland and anothe...
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This paper is an exercise in dating the Euro area business cycle on a monthly basis. Using a quite flexible interpolation routine, we construct several monthly series of Euro area real GDP, and then apply the Bry-Boschan (1971) procedure. To account for the asymmetry in growth regimes and duration across business cycle phases, we propose to extend this method with a combined amplitude/phase-len...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2011
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2011.02.005