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Author : Jarko Fidrmuc
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)
Download or read book A Meta-analysis of Business Cycle Correlation Between the Euro Area and the CEECs written by Jarko Fidrmuc and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Author : Jarko Fidrmuc
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)
Download or read book Meta-Analysis of the Business Cycle Correlation between the Euro Area and the Ceecs written by Jarko Fidrmuc and published by . This book was released on 2013 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (181 download)
Download or read book Meta-analysis of the Business Cycle Correlation Between the Euro Area and the CEECs written by Jarko Fidrmuc and published by . This book was released on 2006 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (263 download)
Download or read book A meta-analysis of business cycle correlation between the euro area and CEECs written by Jarko Fidrmuc and published by . This book was released on 2004 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jarko Fidrmuc
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (263 download)
Download or read book Meta-analysis of the business cycle correlation between the Euro area and CEECs written by Jarko Fidrmuc and published by . This book was released on 2006 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lucrezia Reichlin
Publisher : Centre for Economic Policy Research
ISBN 13 : 1898128839
Total Pages : 103 pages
Book Rating : 4.8/5 (981 download)
Download or read book The Euro Area Business Cycle written by Lucrezia Reichlin and published by Centre for Economic Policy Research. This book was released on 2004 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marcus Kappler
Publisher : Springer Science & Business Media
ISBN 13 : 3790828556
Total Pages : 197 pages
Book Rating : 4.7/5 (98 download)
Download or read book Business Cycle Synchronisation and Economic Integration written by Marcus Kappler and published by Springer Science & Business Media. This book was released on 2012-07-30 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Christian Gayer
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)
Download or read book A Fresh Look at Business Cycle Synchronisation in the Euro Area written by Christian Gayer and published by . This book was released on 2007 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carlo Di Giorgio
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Business Cycle Synchronization of CEECs with the Euro Area written by Carlo Di Giorgio and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Tobias Dümmler
Publisher : GRIN Verlag
ISBN 13 : 3638032051
Total Pages : 58 pages
Book Rating : 4.6/5 (38 download)
Download or read book How much are the Central and Eastern European Countries (CEEC) aligned with the Euro area? written by Tobias Dümmler and published by GRIN Verlag. This book was released on 2008-04-04 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Economics - Monetary theory and policy, grade: 2,0, University of Frankfurt (Main) (Schwerpunkt Geld- und Währung), course: Seminar topics in monetary economics, 25 entries in the bibliography, language: English, abstract: The intention of this paper is to discuss the alignment of the Central and Eastern European Countries (CEEC) with the euro area. We tried to choose our alignment criteria in a way that is always referring to the consequences for a common monetary policy and the effects on transmission. Nevertheless, we have to emphasize that our intention is to give an overview how much the CEEC are aligned with the euro area; unfortunately we would oversize this paper by discussing the consequences of the observed developments for a common monetary policy in detail. We proceed as follows: First, we refer to the so-called Maastricht Criteria because they are a guideline for the decision whether a new member state is prepared to join the euro area and use the Euro as an official currency or not. We report graphs and figures of time series to illustrate developments. The results serve as a good starting point for deeper analyses and suggest some evidence for an alignment process that has taken place over the last years across the CEEC. Second, in order to gain a wider impression of the current state of alignment, we try to approach from another direction: We are making reference to the theory of optimum currency areas which will be briefly discussed. In the light of this approach, we continue with studying the alignment and present other criteria which seem to be appropriate – beside inflation rates, we focus on GDP, private consumption and unemployment – and are able to deliver important clues for our discussion. We provide some descriptive analyses including cross-correlation analyses of the time series we dealt with in this chapter. Unfortunately, there are developments in the time series we cannot explain sufficiently with our analyses done up to this point. For that reason we distinguish the GDP time series into the trend component and the cyclical behaviour for our observed countries as well as for the euro area. This is done by using a HP-filter implemented in Matlab. Afterwards, we are able to compare trend growth rates of the CEEC with the euro area and we can then do a correlation analysis of the cyclical components of the time series. Based on these findings, we briefly give an overview about some important articles dealing with the CEEC alignment and a comparison of the effects of the transmisthe European Union.
Author : Nektarios Aslanidis
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Business Cycle Synchronization Between the CEEC and the Euro-Area written by Nektarios Aslanidis and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : António Portugal Duarte
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (131 download)
Download or read book Who Will be the Next in Line to Join the Euro Area? written by António Portugal Duarte and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to investigate business cycle synchronization between seven candidate countries to the Euro Area (EA) - Bulgaria, Czech Republic, Croatia, Hungary, Poland, Romania and Sweden - and the Euro Area (EA-12/EA-19), France and Germany. The Hodrick-Prescott filter is used to decompose the real Gross Domestic Product into trend and cyclical components for the period 1995Q1-2019Q4. The results point to the existence of a strong business cycle synchronization between Sweden and the Euro Area, Germany, and France. The second highest correlation was observed for the Czech Republic followed by Hungary, Poland and Croatia. In contrast, Bulgaria and Romania show the weakest business cycle synchronization with both the Euro Area and the core economies. We conclude that Sweden is the most prepared country to be the next passenger in the single currency train from the perspective of business cycle synchronization.
Author : Jarko Fidrmuc
Publisher :
ISBN 13 : 9789516868618
Total Pages : 20 pages
Book Rating : 4.8/5 (686 download)
Download or read book The Euro Goes East written by Jarko Fidrmuc and published by . This book was released on 2003 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession candidates from 1993/1995 to 2002. Supply and demand shocks are recovered from estimated structural VAR models of output growth and inflation. Notably, the economic slowdown between 2000 and 2002 increased heterogeneity of business cycles between the euro area and acceding counties. We find that several acceding countries have a quite high correlation of underlying shocks with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s. Published in: Comparative Economic Studies vol. 46 no 1 (2004) pp. 45-62, ISSN 0888-7233.
Author : Zsolt M. Darvas
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (249 download)
Download or read book Business Cycle Synchronization in the Enlarged EU written by Zsolt M. Darvas and published by . This book was released on 2005 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael J. Artis
Publisher :
ISBN 13 : 9780118490030
Total Pages : 47 pages
Book Rating : 4.4/5 (9 download)
Download or read book Analysis of European and UK Business Cycles and Shocks written by Michael J. Artis and published by . This book was released on 2003 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is part of a set of 18 documents which have been prepared by H.M. Treasury to inform the assessment of the Government's five economic tests for Economic and Monetary Union (EMU) entry into the euro area. In relation to the first test, this study presents a literature review regarding convergence tests based on business cycle and shock correlations, updating some previous work. Aspects considered include: what is meant by convergence, and the role of business cycle measurement and the identification of shocks in this context; UK convergence with the euro area, the EU and some of the principal member states; 'UK idiosyncrasy' which involves comparisons between the UK experience compared to Europe and the United States; and the optimal currency area (OCA) theory.
Author : Jarko Fidrmuc
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Euro Goes East written by Jarko Fidrmuc and published by . This book was released on 2017 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession candidates from 1993/1995 to 2002.Supply and demand shocks are recovered from estimated structural VAR models of output growth and inflation. Notably, the economic slowdown between 2000 and 2002 increased heterogeneity of business cycles between the euro area and acceding counties.We find that several acceding countries have a quite high correlation of underlying shocks with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s.JEL numbers E32, F42.Keywords: Optimum currency area, EU enlargement, structural VAR.
Author : T.D. Stanley
Publisher : Routledge
ISBN 13 : 1136279393
Total Pages : 201 pages
Book Rating : 4.1/5 (362 download)
Download or read book Meta-Regression Analysis in Economics and Business written by T.D. Stanley and published by Routledge. This book was released on 2012-08-21 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to introduce novice researchers to the tools of meta-analysis and meta-regression analysis and to summarize the state of the art for existing practitioners. Meta-regression analysis addresses the rising "Tower of Babel" that current economics and business research has become. Meta-analysis is the statistical analysis of previously published, or reported, research findings on a given hypothesis, empirical effect, phenomenon, or policy intervention. It is a systematic review of all the relevant scientific knowledge on a specific subject and is an essential part of the evidence-based practice movement in medicine, education and the social sciences. However, research in economics and business is often fundamentally different from what is found in the sciences and thereby requires different methods for its synthesis—meta-regression analysis. This book develops, summarizes, and applies these meta-analytic methods.
