Coherence of output gaps in the euro area

The impact of the Covid-19 shock

Bibliographic Data

ID21471052
AuthorsJakob De Haan (0000-0002-5504-9448, University of Groningen, corresponding author), 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)
Year2024
Volume84
Pages102369
Publication date2024-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEuropean Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0176-2680 • E-ISSN: 1873-5703
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.ejpoleco.2023.102369
PMID37361198
OpenAlexW4322505637
LanguageEN
Citations received1
References cited27

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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