Synchronization of the Economic Sentiment Cycles in the Euro Area: a time-frequency analysis

• Tipo: Trabalho Académico
• Data: 2011

Autores

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

Classificação Científica

FOS: Ciências sociais > Economia e gestão

CORDIS: Ciências Sociais > Economia

Outras Informações

Abstract (EN): We use wavelet tools and Economic Sentiment Indicators to study the synchronization of economic cycles in the Euro Area. We assess the time-varying and frequency-varying pattern of business cycles synchronization in the Area and test the impact of the creation of the European Monetary Union in 1999. Among several results, we find that (a) the EMU is associated with a significant increase in synchronization of economic sentiment in the Euro Area; (b) the hard-peg of its currency to the Euro led to a comparable synchronization of Denmark's economic sentiment after 1999, differently from what happened in the case of the UK.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Notas: Cef.up Working Paper nº. 2011-05, October 2011 https://www.fep.up.pt/investigacao/cef.up/WP/2011/2011_05_abstract.pdf