A Meta-analysis of Business Cycle Correlation Between the Euro Area and the CEECs
Author | : Jarko Fidrmuc |
Publisher | : |
Total Pages | : 40 |
Release | : 2004 |
Genre | : Economics |
ISBN | : |
Tiivistelmä.
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Author | : Jarko Fidrmuc |
Publisher | : |
Total Pages | : 40 |
Release | : 2004 |
Genre | : Economics |
ISBN | : |
Tiivistelmä.
Author | : Jarko Fidrmuc |
Publisher | : |
Total Pages | : 32 |
Release | : 2013 |
Genre | : |
ISBN | : |
We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to be more conservative in their estimates than academics or eurosystem researchers, we find no evidence of a geographical bias in the studies.
Author | : Jarko Fidrmuc |
Publisher | : |
Total Pages | : 27 |
Release | : 2006 |
Genre | : |
ISBN | : |
We review the literature on business cycle correlation between the euro area and the Central and Eastern European countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to be more conservative in their estimates than academics or eurosystem researchers, we find no evidence of a geographical bias in the studies.
Author | : Jarko Fidrmuc |
Publisher | : |
Total Pages | : 32 |
Release | : 2004 |
Genre | : Monetary policy |
ISBN | : |
Author | : Jarko Fidrmuc |
Publisher | : |
Total Pages | : 27 |
Release | : 2006 |
Genre | : Monetary policy |
ISBN | : |
Author | : Lucrezia Reichlin |
Publisher | : Centre for Economic Policy Research |
Total Pages | : 103 |
Release | : 2004 |
Genre | : Business cycles |
ISBN | : 1898128839 |
Author | : Carlo Di Giorgio |
Publisher | : |
Total Pages | : 0 |
Release | : 2016 |
Genre | : |
ISBN | : |
This article investigates the possible business cycle linkages between CEECs (Central and Eastern European countries) that were candidates to enter the EMU and the euro area for the period 1993 to 2014. We analyse business cycle (a)symmetries for these countries by using Markov switching autoregressive models and synchronization tests. By analysing the correlations between the cyclical fluctuations for these countries, we examine the existence of common features between the individual cycles. By distinguishing between different regimes, we show that the indications of business cycle synchronization are quite high in the recession regime, but lower in the normal and high growth regimes, with the exceptions of Hungary and Poland.
Author | : Nektarios Aslanidis |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
This paper re-examines the issue of business cycle synchronization between the Central and East European countries (CEECs) and the Euro-area using threshold seemingly unrelated regressions. This new technique is useful in two ways. First, it takes into account contemporaneous linkages among the CEECs as well as between the CEECs and the Euro-area. Second, it captures business cycle regimes for the CEECs, which are driven by the Euro-area cycle. The methodology is applied to the three largest CEECs: Czech Republic, Hungary and Poland. The results show that while Hungary has very similar business cycle regimes to the Euro-area, the Czech Republic and particularly Poland are less synchronized.
Author | : Marcus Kappler |
Publisher | : Springer Science & Business Media |
Total Pages | : 197 |
Release | : 2012-07-30 |
Genre | : Business & Economics |
ISBN | : 3790828556 |
This book offers the reader a state-of-the-art overview on theory and empirics of business cycle synchronisation, structural reform and economic integration. Focusing on the ongoing integration process in the euro area and the EU, it analyses the integration process that has taken place since the 1980s and which is marked by the advent of the euro and the substantial enlargement that resulted from the accession of 12 new Member States in East and Southern Europe.