Optimum currency area and business cycle synchronization across U.S. States

We use wavelet analysis to investigate to what extent individual U.S. states' business cycles are synchronized. The results show that the U.S. states are remarkably well synchronized compared to the previous findings w.r.t. the Euro Area. There is also a strong and significant correlation betwe...

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Bibliographic Details
Main Author: Conraria, Luís Aguiar (author)
Other Authors: Brinca, Pedro (author), Haukur, Viðar Guðjónsson (author), Soares, M. J. (author)
Format: workingPaper
Language:eng
Published: 2015
Subjects:
Optimum currency areas
Business cycle synchronization
Continuous wavelet transform
Trade
Ciências Sociais::Economia e Gestão
Online Access:http://hdl.handle.net/1822/33898
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/33898

Internet

http://hdl.handle.net/1822/33898

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