Detail publikačního výsledku

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

KAPOUNEK, S.; POMĚNKOVÁ, J.

Originální název

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

Anglický název

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

Druh

Článek Scopus

Originální abstrakt

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.

Anglický abstrakt

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.

Klíčová slova

OCA theory, monetary policy efficiency, co-movements, Hamming window

Klíčová slova v angličtině

OCA theory, monetary policy efficiency, co-movements, Hamming window

Autoři

KAPOUNEK, S.; POMĚNKOVÁ, J.

Rok RIV

2013

Vydáno

30.08.2012

Nakladatel

Mendelu v Brně

Místo

Brno

ISSN

1211-8516

Periodikum

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

Svazek

60

Číslo

4

Stát

Česká republika

Strany od

181

Strany do

188

Strany počet

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"
}