期刊名称:Acta Universitatis Lodziensis. Folia Oeconomica
印刷版ISSN:0208-6018
出版年度:2017
卷号:2017
期号:2
页码:201-216
DOI:10.18778/0208-6018.328.13
语种:Polish
出版社:Lodz University Press
摘要:The main aim of the article is to estimate the level of business cycles synchronization be‑ tween Central and Eastern European Countries (CCECs) and euro area.Similarity of business fluctu‑ ations is a main factor that can define if common monetary policy conducted by European Central Bank is effective,i.e.is able to mitigate economic fluctuations in all countries that adopted euro.The level of business cycle synchronization was analyzed on the basis of different morphological features of business fluctuations:phase length,amplitude magnitude and phase shifts.Results show that, among analyzed countries,business cycles of Czech Republic,Croatia and Poland are at the highest level synchronized with fluctuations in euro area.Hungary business cycle is less synchronized espe‑ cially as far as the length of cycle phase is concerned.The most diverged business cycle in compari‑ son to fluctuations in euro is Romanian cycle.
其他摘要:The main aim of the article is to estimate the level of business cycles synchronization be‑ tween Central and Eastern European Countries (CCECs) and euro area.Similarity of business fluctu‑ ations is a main factor that can define if common monetary policy conducted by European Central Bank is effective,i.e.is able to mitigate economic fluctuations in all countries that adopted euro.The level of business cycle synchronization was analyzed on the basis of different morphological features of business fluctuations:phase length,amplitude magnitude and phase shifts.Results show that, among analyzed countries,business cycles of Czech Republic,Croatia and Poland are at the highest level synchronized with fluctuations in euro area.Hungary business cycle is less synchronized espe‑ cially as far as the length of cycle phase is concerned.The most diverged business cycle in compari‑ son to fluctuations in euro is Romanian cycle. Keywords:business cycles synchronization.
关键词:business cycles synchronization;optimum currency area theory
其他关键词:business cycles synchronization;optimum currency area theory