Aguiar-Conraria, Luis; Brinca, Pedro; Gudjonsson, Haukur; … - Volkswirtschaftliche Fakultät, … - 2015
We use wavelet analysis to investigate to what extent individual U.S. states' business cycles are synchronized. The results show that the U.S. states are remarkably well synchronized compared to the previous findings w.r.t. the Euro Area. There is also a strong and significant correlation...