Arbeitspapier
Coherence of Output Gaps in the Euro Area: The Impact of the Covid-19 Shock
Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a core versus periphery within EMU. Our results suggest that business cycle coherence did not increase monotonically. The COVID-19 pandemic made that the signs of the output gaps of euro area countries became more similar, but we find large differences in the amplitude of the output gaps across countries.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 9654
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
International Economic Order and Integration
International Policy Coordination and Transmission
- Subject
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Covid-19 crisis
business cycle coherence
synchronization
output gaps
euro area
- Event
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Geistige Schöpfung
- (who)
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de Haan, Jakob
Jacobs, Jan P.A.M.
Zijm, Renske
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2022
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- de Haan, Jakob
- Jacobs, Jan P.A.M.
- Zijm, Renske
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2022
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