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Do european business cycles look like one $\_?$ Author info | Abstract | Publisher info | Download info | Related research | Statistics Maximo Camacho (Universidad de Murcia)
Gabriel Perez-Quiros (Prime Minister's economic bureau)
Lorena Saiz () (Research department Banco de España)
Universidad de Murcia
Additional information is available for the following
registered author(s):
This paper analyzes if each European country presents business cycles that are similar enough to validate what some authors call the European cycle. Contrary to the majority of papers on business cycles, we concentrate on the appearance of the cycle, not on the synchronization. We provide a robust methodology for dating and characterizing business cycles and their phases and adopt the model-based cluster analysis to test the existence of an unique cluster (a common cycle) against more than one. We nd evidence against a common cycle. Finally, we nd no clear relation between similarities in business cycle appearance and synchronization across countries.
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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2006 with number
175.
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Date of creation: 04 Jul 2006Date of revision:
Handle: RePEc:sce:scecfa:175Contact details of provider: Email: Web page: http://comp-econ.org/ More information through EDIRC
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Jesús Rodríguez López & José Luis Torres Chacón, 2006.
"Following the yellow brick road? The Euro, the Czech Republic, Hungary and Poland ,"
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