英文标题：
《Business cycle synchronization within the European Union: A wavelet
  cohesion approach》
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作者：
Lubos Hanus and Lukas Vacha
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最新提交年份：
2016
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英文摘要：
  In this paper, we map the process of business cycle synchronization across the European Union. We study this synchronization by applying wavelet techniques, particularly the cohesion measure with time-varying weights. This novel approach allows us to study the dynamic relationship among selected countries from a different perspective than the usual time-domain models. Analyzing monthly data from 1990 to 2014, we show an increasing co-movement of the Visegrad countries with the European Union after the countries began preparing for the accession to the European Union. With particular focus on the Visegrad countries we show that participation in a currency union possibly increases the co-movement. Furthermore, we find a high degree of synchronization in long-term horizons by analyzing the Visegrad Four and Southern European countries\' synchronization with the core countries of the European Union.
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中文摘要：
在本文中，我们绘制了整个欧盟的商业周期同步过程。我们通过应用小波技术，特别是权值随时间变化的内聚测度来研究这种同步。这种新颖的方法使我们能够从不同于通常时域模型的角度研究选定国家之间的动态关系。分析1990年至2014年的月度数据，我们发现，在维谢格拉德国家开始为加入欧盟做准备后，这些国家与欧盟的合作越来越多。我们特别关注维谢格拉德国家，表明加入货币联盟可能会增加共同运动。此外，通过分析维谢格拉德四国和南欧国家与欧盟核心国家的同步，我们发现在长期范围内高度同步。
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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