Publication detail

Spurious synchronization of business cycles: Dynamic correlation analysis of V4 countries

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 {Dluhá}",
  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"
}