Is There a Common European Business Cycle?
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Is There a Common European Business Cycle?
Breitung, Jörg | Candelon, Bertrand
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 70(2001), Iss. 3 : pp. 331–338 | First published online: October 03, 2017
8 Citations (CrossRef)
Additional Information
Article Details
Author Details
1Humboldt-Universität and Ludwig-Maximilians-Universität München.
2Maastricht University.
Cited By
-
Synchronization of the Polish and European Business Cycles
Chionis, Dionysios | Leon, CostasThe Journal of Economic Asymmetries, Vol. 6(2009), Iss. 1 P.119
https://doi.org/10.1016/j.jeca.2009.01.009 [Citations: 2] -
Business Cycle Synchronization and Regional Integration: A Case Study for Central America
Fiess, Norbert
The World Bank Economic Review, Vol. 21(2007), Iss. 1 P.49
https://doi.org/10.1093/wber/lhl014 [Citations: 26] -
Business Cycle Synchronization and Regional Integration: A Case Study for Central America
Fiess, Norbert M.
SSRN Electronic Journal, Vol. (2005), Iss.
https://doi.org/10.2139/ssrn.743906 [Citations: 0] -
The Evolving Role of Asia in Global Finance
Chapter 2 Linkages between Stock Market Fluctuations and Business Cycles in Asia
Candelon, Bertrand | Metiu, Norbert2011
https://doi.org/10.1108/S1574-8715(2011)0000009007 [Citations: 3] -
Macroeconometric Methods
International Synchronization of Growth Rate Cycles: An Analysis in Frequency Domain
Dua, Pami | Sharma, Vineeta2023
https://doi.org/10.1007/978-981-19-7592-9_11 [Citations: 0] -
PARASAL BİRLİK SÜRECİNDE KONJONKTÜR DALGALANMALARININ UYUMLAŞTIRILMASI :1987-2002
BAKIRTAŞ, İbrahim
Öneri Dergisi, Vol. 7(2006), Iss. 26 P.163
https://doi.org/10.14783/maruoneri.678014 [Citations: 0] -
Was ECB's monetary policy optimal?
Breuss, Fritz
Atlantic Economic Journal, Vol. 30(2002), Iss. 3 P.298
https://doi.org/10.1007/BF02298427 [Citations: 14] -
Identifying shocks to business cycles with asynchronous propagation
Trenkler, Carsten | Weber, EnzoEmpirical Economics, Vol. 58(2020), Iss. 4 P.1815
https://doi.org/10.1007/s00181-018-1563-z [Citations: 0]
Abstract
To assess the synchronization of business cycles in Europe we extract the cyclical component of industrial production in five European countries using the filter of Baxter and King (1999). The hypothesis of a joint business cycle is tested by using the frequency domain common cycle test suggested by Breitung and Candelon (2000). The common cycle hypothesis is clearly rejected for U.K. data whereas some weak evidence for a joint cyclical pattern is found for France, The Netherlands, Austria and Germany.
Um die Synchronität der Konjunkturzyklen in Europa zu bewerten, wird die Zykluskomponente der Industrieproduktion in fünf europäischen Ländern identifiziert, indem der Baxter-King-Filter (1999) angewendet wird. Die Hypothese eines gemeinsamen Konjunkturzyklus wird durch einen Test auf einen gemeinsamen Zyklus im Frequenzbereich nach Breitung und Candelon (2000) überprüft. Ein gemeinsamer Konjunkturzyklus muss demnach für Großbritannien klar zurückgewiesen werden, wohingegen einige schwache Anzeichen für ein gemeinsames Konjunkturmuster für Frankreich, die Niederlande, Österreich und Deutschland gefunden werden konnten.