Convergence of the Economic Sentiment Cycles in the Eurozone: A Time-Frequency Analysis

• Tipo: Artigo em Revista Científica Internacional
• Data: 2013

Autores

Luís Aguiar-Conraria (Autor) Outra; Manuel Mota Freitas Martins (Autor) FEP; Maria Joana Soares (Autor) Outra

Revista

Título: JCMS-Journal of Common Market Studies

Vol. 51 Nº 3

Páginas: 377-398

ISSN: 0021-9886

Editora: John Wiley & Sons

Indexação

ISI Web of Knowledge - 20 Citações

ISI Web of Science

Scopus - 21 Citações

Econlit

Classificação Científica

FOS: Ciências sociais > Economia e gestão

CORDIS: Ciências Sociais > Economia

Outras Informações

ID Authenticus: P-005-1EH

DOI: 10.1111/j.1468-5965.2012.02315.x

Abstract (EN): 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 European 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 Denmark's economic sentiment after 1999, different from what happened in the United Kingdom.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 22