IDEAS home Printed from https://ideas.repec.org/a/pes/ierequ/v3y2009i2p9-25.html
   My bibliography  Save this article

Synchronization Of Business Cycles In Poland And The Euro Zone – The Wavelet Domain Approach

Author

Listed:
  • Joanna Bruzda

    (Nicolaus Copernicus University)

Abstract

In the paper time-scale (wavelet) analysis is suggested as a tool for examining business cycle synchronization. Wavelet analysis enables to examine stochastic processes simultaneously in the time and frequency domains. Due to this the approach makes it possible to investigate time varying frequency components of economic processes. Among such components one can distinguish cycles of length over one year up to twelve years, which are known as business cycles. In the paper this approach is illustrated with an examination of business cycle synchronization between Poland and its main trading partners in the euro zone: Germany, France, Italy and the Netherlands. The empirical analysis confirms the stylized facts on the Polish business cycle: its length, similarity with the German cycle and the lead-lag relations with national cycles in the euro zone. Besides, verification of the OCA endogenity hypothesis has been undertaken, but the results obtained are ambiguous.

Suggested Citation

  • Joanna Bruzda, 2009. "Synchronization Of Business Cycles In Poland And The Euro Zone – The Wavelet Domain Approach," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 3(2), pages 9-25, December.
    • Handle: RePEc:pes:ierequ:v:3:y:2009:i:2:p:9-25
    DOI: 10.12775/EQUIL.2009.017
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.12775/EQUIL.2009.017
    Download Restriction: no
    File URL: https://libkey.io/10.12775/EQUIL.2009.017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pes:ierequ:v:3:y:2009:i:2:p:9-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam P. Balcerzak (email available below). General contact details of provider: https://edirc.repec.org/data/ibgtopl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.