Publication
Cohesion within the euro area and the U. S: a wavelet-based view
| dc.contributor.author | Lopes, Artur Silva | |
| dc.contributor.author | Rua, António | |
| dc.date.accessioned | 2022-05-24T15:02:49Z | |
| dc.date.available | 2022-05-24T15:02:49Z | |
| dc.date.issued | Fevereiro 2012 | |
| dc.description.abstract | The assessment of synchronization of macroeconomic fluctuations across countries or regions has been crucial, for example, for the debate on economic integration. In this paper, we propose a multivariate measure of synchronization to assess cohesion across countries or regions by resorting to wavelet analysis. This wavelet-based measure of cohesion allows one to assess how synchronization has evolved over time and across frequencies simultaneously. In particular, we investigate the cohesion among euro area countries and the cohesion within the U.S. both at the regional and state levels over the last decades. In addition, an analysis at the sectoral level is also conducted. The results obtained unveil a noteworthy heterogeneity and highlight the usefulness of a wavelet-based measure of cohesion. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Lopes, Artur Silva e António Rua .2012. “Cohesion within the euro area and the U. S: a wavelet-based view “)”. Banco de Portugal. Economic Research Department. Working Papers nº 4/ 2012 | pt_PT |
| dc.identifier.issn | 2182-0422 (online) | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/24359 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Banco de Portugal | pt_PT |
| dc.relation.ispartofseries | Banco de Portugal. Economic Research Department. Working Papers nº 4/ 2012; | |
| dc.subject | Cohesion | pt_PT |
| dc.subject | Time-Frequency | pt_PT |
| dc.subject | Output Growth | pt_PT |
| dc.title | Cohesion within the euro area and the U. S: a wavelet-based view | pt_PT |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |
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