Guerini, Mattia; Luu, Duc Thi; Napoletano, Mauro - 2019
We propose a novel approach to investigate the synchronization of business cycles and we apply it to a Eurostat …, reverting to the levels observable at the beginning of the 21st century. Second, we show that the asynchronous business cycle … diverging business cycle dynamics with respect to their western partners. The recession brought about a structural …