Convergence of the Economic Sentiment Cycles in the Eurozone
A Time‐Frequency Analysis
Bibliographic Data
| ID | 7877033 |
|---|---|
| Authors | Luís Aguiar‐conraria (0000-0001-6822-7103, Economic Policies Research Unit (NIPE) and Department of Economics University of Minho), Manuel M F Martins (0000-0002-1400-7233, Centre for Economics and Finance at the University of Porto (Cef.up) and Faculty of Economics University of Porto), Maria Joana Soares (0000-0003-3943-1900, Economic Policies Research Unit (NIPE) and Department of Mathematics and Applications University of Minho) |
| Year | 2013 |
| Volume | 51 |
| Issue | 3 |
| Pages | 377-398 |
| Publication date | 2013-05-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2012.02315.x |
| OpenAlex | W1506715438 |
| Language | EN |
| Citations received | 2 |
| References cited | 19 |
In this article, wavelet tools and economic sentiment indicators are used to study the similarity and synchronization of economic cycles in the eurozone. The time‐varying and frequency‐varying patterns of business cycles synchronization are assessed and the impact of the creation of the E uropean monetary union ( EMU ) in 1999 is tested. Among several results, it is found that: the EMU is associated with a significant increase in the similarity and synchronization of the economic sentiment in the eurozone; and the hard‐peg of its currency to the euro led to a comparable effect on D enmark's economic sentiment after 1999, different from what happened in the U nited K ingdom
Business cycle · Channel (broadcasting · Convergence (economics · Currency · Econometrics · Economic and monetary union · Economic indicator · Economics · European monetary union · European union · International economics · Macroeconomics · Monetary economics · Monetary policy · Optimum currency area · Similarity (geometry · Single currency · Synchronization (alternating current · Telecommunications · Artificial Intelligence · Complex Systems and Time Series Analysis · Computer Science · Nonlinear Dynamics and Pattern Formation · Theoretical and Computational Physics
| Citations per year | 0.18 |
|---|---|
| Citation span | 2015 - 2021 (7) |
| Highly cited | No |