In: Ekonomický časopis/Journal of Economics, vol. 58, no. 5
Petra Černíková
Details:
Year, pages: 2010, 471 - 491
Keywords:
business cycle, correlation, European economics and monetary Union, Eurozone, Hodrick-Prescott filter
Article type: Vedecký článok / Article
About article:
The article deals with business cycles of selected European countries for the long period of time – since 1960. The group of analyzed countries is represented by the member states of the Economic and Monetary Union. The analyzed group of countries contains both members sharing the single common currency euro and selected countries that decided to keep their national currency. The article examines development of business cycles during a long period of time. This will be done by the Hodrick-Prescott approach to a detrending of time series. Symmetries in business cycles are finally analysed by comparing the business cycles of the EMU member states. Then its possible to analyze whether there is any core and periphery within the EMU according to the business cycles or not.
The article deals with business cycles of selected European countries for the long period of time – since 1960. The group of analyzed countries is represented by the member states of the Economic and Monetary Union. The analyzed group of countries contains both members sharing the single common currency euro and selected countries that decided to keep their national currency. The article examines development of business cycles during a long period of time. This will be done by the Hodrick-Prescott approach to a detrending of time series. Symmetries in business cycles are finally analysed by comparing the business cycles of the EMU member states. Then its possible to analyze whether there is any core and periphery within the EMU according to the business cycles or not.
How to cite:
ISO 690:
Černíková, P. 2010. Business Cycle Analysis of the Core and Periphery Countries in the EMU. In Ekonomický časopis/Journal of Economics, vol. 58, no.5, pp. 471-491. 0013-3035.
APA:
Černíková, P. (2010). Business Cycle Analysis of the Core and Periphery Countries in the EMU. Ekonomický časopis/Journal of Economics, 58(5), 471-491. 0013-3035.