A Meta-analysis of Business Cycle Correlation Between the Euro Area and the CEECs PDF Download
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Author: Jarko Fidrmuc
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 40
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Book Description
Tiivistelmä.
Author: Jarko Fidrmuc
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 40
Get Book Here
Book Description
Tiivistelmä.
Author: Jarko Fidrmuc
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to be more conservative in their estimates than academics or eurosystem researchers, we find no evidence of a geographical bias in the studies.
Author: Jarko Fidrmuc
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to be more conservative in their estimates than academics or eurosystem researchers, we find no evidence of a geographical bias in the studies.
Author: Jarko Fidrmuc
Publisher:
ISBN:
Category : Monetary policy
Languages : fi
Pages : 32
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Book Description
Author: Jarko Fidrmuc
Publisher:
ISBN:
Category : Monetary policy
Languages : de
Pages : 27
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Book Description
Author: Lucrezia Reichlin
Publisher: Centre for Economic Policy Research
ISBN: 1898128839
Category : Business cycles
Languages : en
Pages : 103
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Book Description
Author: Marcus Kappler
Publisher: Springer Science & Business Media
ISBN: 3790828556
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
This book offers the reader a state-of-the-art overview on theory and empirics of business cycle synchronisation, structural reform and economic integration. Focusing on the ongoing integration process in the euro area and the EU, it analyses the integration process that has taken place since the 1980s and which is marked by the advent of the euro and the substantial enlargement that resulted from the accession of 12 new Member States in East and Southern Europe.
Author: Christian Gayer
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 52
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Book Description
Author: Carlo Di Giorgio
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This article investigates the possible business cycle linkages between CEECs (Central and Eastern European countries) that were candidates to enter the EMU and the euro area for the period 1993 to 2014. We analyse business cycle (a)symmetries for these countries by using Markov switching autoregressive models and synchronization tests. By analysing the correlations between the cyclical fluctuations for these countries, we examine the existence of common features between the individual cycles. By distinguishing between different regimes, we show that the indications of business cycle synchronization are quite high in the recession regime, but lower in the normal and high growth regimes, with the exceptions of Hungary and Poland.
Author: Nektarios Aslanidis
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper re-examines the issue of business cycle synchronization between the Central and East European countries (CEECs) and the Euro-area using threshold seemingly unrelated regressions. This new technique is useful in two ways. First, it takes into account contemporaneous linkages among the CEECs as well as between the CEECs and the Euro-area. Second, it captures business cycle regimes for the CEECs, which are driven by the Euro-area cycle. The methodology is applied to the three largest CEECs: Czech Republic, Hungary and Poland. The results show that while Hungary has very similar business cycle regimes to the Euro-area, the Czech Republic and particularly Poland are less synchronized.
