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KAPOUNEK, S. POMĚNKOVÁ, J.
Original Title
Spurious synchronization of business cycles: Dynamic correlation analysis of V4 countries
Type
journal article in Scopus
Language
English
Original Abstract
The purpose of our paper is to define rules for decision of existence spurious synchronization of countries within the currency area. We devote this new methodological approach from an empirical research based on the variability of a dynamic correlation (correlation in frequency domain). We analyze the dynamic correlation in full range and in the business cycle frequencies as well. We also consider lags in economic activity co-movements. Contrary to the standard approach we show its insufficiency especially in case of time domain instruments. For this goal GDP values in quarters of the four Visegrad countries and the Eurozone in the period 1997/Q1–2011/Q1 are used.
Keywords
OCA theory, monetary policy efficiency, co-movements, Hamming window
Authors
KAPOUNEK, S.; POMĚNKOVÁ, J.
RIV year
2012
Released
30. 8. 2012
Publisher
Mendelu v Brně
Location
Brno
ISBN
1211-8516
Periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
Year of study
60
Number
4
State
Czech Republic
Pages from
181
Pages to
188
Pages count
8
URL
https://acta.mendelu.cz/artkey/acu-201204-0019_spurious-synchronization-of-business-cycles-dynamic-correlation-analysis-of-v4-countries.php
BibTex
@article{BUT94762, author="Svatopluk {Kapounek} and Jitka {Poměnková}", title="Spurious synchronization of business cycles: Dynamic correlation analysis of V4 countries", journal="Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis", year="2012", volume="60", number="4", pages="181--188", doi="10.11118/actaun201260040181", issn="1211-8516", url="https://acta.mendelu.cz/artkey/acu-201204-0019_spurious-synchronization-of-business-cycles-dynamic-correlation-analysis-of-v4-countries.php" }