Do european business cycles look like one $\_?$

Maximo Camacho, Gabriel Perez-Quiros, Lorena Saiz () and Universidad de Murcia
Additional contact information
Gabriel Perez-Quiros: Prime Minister's economic bureau
Lorena Saiz: Research department Banco de España
Authors registered in the RePEc Author Service: Gabriel Perez Quiros

No 175, Computing in Economics and Finance 2006 from Society for Computational Economics

Abstract: This paper analyzes if each European country presents business cycles that are similar enough to validate what some authors call the European cycle. Contrary to the majority of papers on business cycles, we concentrate on the appearance of the cycle, not on the synchronization. We provide a robust methodology for dating and characterizing business cycles and their phases and adopt the model-based cluster analysis to test the existence of an unique cluster (a common cycle) against more than one. We nd evidence against a common cycle. Finally, we nd no clear relation between similarities in business cycle appearance and synchronization across countries.

Date: 2006-07-04
New Economics Papers: this item is included in nep-bec, nep-eec and nep-mac
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:sce:scecfa:175

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