Historical decoupling in the EU: Evidence from time-frequency analysis

Svatopluk Kapounek and Zuzana Kucerova

International Review of Economics & Finance, 2019, vol. 60, issue C, 265-280

Abstract: We investigate economic cycle comovements and identify directions of relationships to discuss the spread of asymmetric shocks across the European Union during the twenty years from the euro adoption. We contribute to traditional wavelet analyses with an updated historical overview of economic cycle comovements in 24 EU countries over 35 years with particular attention to the main milestones in the European integration process.

Keywords: OCA theory; Business cycles; Time-series comovements; Wavelet coherence; Phase shift (search for similar items in EconPapers)
JEL-codes: C14 E32 F15 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Working Paper: Historical Decoupling in the EU: Evidence from Time-Frequency Analysis (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:60:y:2019:i:c:p:265-280

DOI: 10.1016/j.iref.2018.10.018

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