Coherence of output gaps in the euro area

The impact of the Covid-19 shock

Datos Bibliográficos

ID21471052
AutoresJakob De Haan (0000-0002-5504-9448, University of Groningen, autor de correspondencia), Jan Jacobs (0000-0002-8657-6777, University of Groningen), Jan P A M Jacobs (0000-0002-7994-5175, University of Groningen), Renske Zijm (University of Groningen)
Año2024
Volumen84
Páginas102369
Fecha de publicación2024-09-01
Open AccessSí
TipoARTICLE
RevistaEuropean Journal of Political Economy (JOURNAL)
Identificadores de la revistaISSN: 0176-2680 • E-ISSN: 1873-5703
EditorialElsevier BV (PUBLISHER)
DOI10.1016/j.ejpoleco.2023.102369
PMID37361198
OpenAlexW4322505637
IdiomaEN
Citas recibidas1
Referencias citadas27

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a core versus periphery within EMU. Our results suggest that business cycle coherence did not increase monotonically. The COVID-19 pandemic made that the signs of the output gaps of euro area countries became more similar, but we find large differences in the amplitude of the output gaps across countries

2019-20 coronavirus outbreak · Business cycle · Econometrics · Economics · Macroeconomics · Monetary economics · Monetary policy · Output gap · Pandemic · Statistics · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Mathematics · Medicine · Monetary Policy and Economic Impact · Internal Medicine · Virology

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