کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5097826 | 1478618 | 2009 | 21 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Synchronization of the Polish and European Business Cycles
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
We employ spectral and VAR methods with quarterly real GDP data to examine the synchronization between the European and the Polish business cycles. Our results show that both areas experience a common cycle at the frequency of 0.045 cycles (22 quarters or 5.5 years). Since the main question in the empirical analyses of the business cycle in a monetary union is whether the business cycles are synchronized, our findings confirm that both business cycles are dominated by the same frequency, but, there is a time lag between these two cycles. Therefore, the costs of participation in the monetary union, in comparison to the benefits, are not negligible.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Economic Asymmetries - Volume 6, Issue 1, June 2009, Pages 119-139
Journal: The Journal of Economic Asymmetries - Volume 6, Issue 1, June 2009, Pages 119-139
نویسندگان
Dionysios Chionis, Costas Leon,