Business Cycles Alignment of Selected CEECc and the Euro Area

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090737" target="_blank" >RIV/61989100:27510/14:86090737 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Business Cycles Alignment of Selected CEECc and the Euro Area
Original language description
Similarity of business cycles is one of the crucial preconditions for sharing a common currency. If business cycles of individual countries in a monetary union diverge considerably, monetary policy setting will not fit them all. This article aims to evaluate and discuss alignment of business cycles of selected Central and Eastern European countries with the euro area as a whole. The analysis is based on the correlation of deviations of real GDP levels from their trend values, output gaps synchronicity calculation, and measuring the similarity of output gaps amplitude. The results indicate a high degree of business cycles alignment between the Baltic countries and the euro area; common monetary policy setting should be, therefore, most suitable for Baltic countries. On the contrary, the highest degree of business cycle misalignment is observed in case of Hungary.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 2nd International Conference on European Integration 2014 - ICEI 2014 : May 15-16, 2014, Ostrava, Czech Republic
ISBN
978-80-248-3388-0
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
596-602
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 15, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000346144900067

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