This survey of business cycle synchronization in the European monetary union focuses on
two issues: have business cycles become more similar, and which factors drive business …

This paper re-examines the relationship between trade intensity and business cycle
synchronization for 21 OECD countries in the period 1970–2003. Instead of using …

Cyclical fluctuations in economic activity have moderated over time but the extent and
dynamics of volatility remain different across OECD countries. A reason behind this …

On 16 and 17 June 2005, the ECB has hosted a Conference on “What Effects is EMU
Having on the Euro Area and its Member Countries?” One and a half decade after the start …

This paper provides a comprehensive framework to analyze business cycle features other
than synchronization. We use stationary bootstrap and model-based clustering methods to …

Cyclical fluctuations in economic activity have moderated over time but the extent and
dynamics of volatility remain different across OECD countries. A reason behind this …

This paper deals with business cycle synchronization and clustering in Europe. It makes an
attempt to answer some fundamental economic questions regarding European countries' …

This paper establishes stylized facts on comovements and heterogeneity of individual euro
area countries' output and price developments in the past two decades. For this purpose, a …

This article investigates the time‐varying correlation between the EU 12‐wide business
cycle and the initial EU 12 member‐countries based on Scalar‐BEKK and multivariate …

This study looks at the major economic linkages explaining real GDP correlations for 51
countries including 27 emerging markets for the 1970-2008 period. The GMM-IV and 3SLS …