| Title |
Uncertainty and business cycle synchronization in Europe / |
| Authors |
Crespo Cuaresma, Jesus |
| DOI |
10.1080/13504851.2021.1939854 |
| Full Text |
|
| Is Part of |
Applied economics letters.. Abingdon : Routledge Journals, Taylor & Francis LTD. 2021, vol. 29, no. 11, p. 1047-1053.. ISSN 1350-4851 |
| Keywords [eng] |
business cycle synchronization ; uncertainty ; European monetary union ; Bayesian model averaging |
| Abstract [eng] |
We assess empirically the role that uncertainty plays as a determinant of business cycle synchronization dynamics in the European Monetary Union. Using a time-varying measure of business cycle synchronization and Bayesian model averaging methods, we find that increase in uncertainty tends to robustly predict desynchronization, in particular for countries whose business cycles are not in line with those of the rest of the monetary union. |
| Published |
Abingdon : Routledge Journals, Taylor & Francis LTD |
| Type |
Journal article |
| Language |
English |
| Publication date |
2021 |
| CC license |
|
