Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/24848

TitleConvergence of the economic sentiment cycles in the Eurozone : a time-frequency analysis
Author(s)Conraria, Luís Aguiar
Martins, Manuel M. F.
Soares, M. J.
Issue date2013
PublisherWiley
JournalJcms: Journal of Common Market Studies
Abstract(s)In this article, wavelet tools and economic sentiment indicators are used to study the similarity and synchronization of economic cycles in the eurozone. The time-varying and frequency-varying patterns of business cycles synchronization are assessed and the impact of the creation of the European monetary union (EMU) in 1999 is tested. Among several results, it is found that: the EMU is associated with a significant increase in the similarity and synchronization of the economic sentiment in the eurozone; and the hard-peg of its currency to the euro led to a comparable effect on Denmark’s economic sentiment after 1999, different from what happened in the United Kingdom.
TypeArticle
URIhttp://hdl.handle.net/1822/24848
DOI10.1111/j.1468-5965.2012.02315.x
ISSN0021-9886
Publisher versionhttp://onlinelibrary.wiley.com/doi/10.1111/j.1468-5965.2012.02315.x/abstract
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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