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...

ver descrição completa

Detalhes bibliográficos
Autor principal: Conraria, Luís Aguiar (author)
Outros Autores: Brinca, Pedro (author), Haukur, Viðar Guðjónsson (author), Soares, M. J. (author)
Formato: workingPaper
Idioma:eng
Publicado em: 2015
Assuntos:
Texto completo:http://hdl.handle.net/1822/33898
País:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/33898