Business cycle synchronization and the Euro: a wavelet analysis

We use wavelet analysis to study business cycle synchronization across the EU-15 and the Euro-12 countries. Based on the wavelet transform, we propose a metric to measure and test for business cycles synchronization. Several conclusions emerge. France and Germany form the core of the Euro land, bein...

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Bibliographic Details
Main Author: Conraria, Luís Aguiar (author)
Other Authors: Soares, M. J. (author)
Format: article
Language:eng
Published: 2011
Subjects:
Online Access:http://hdl.handle.net/1822/13720
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/13720