Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016
themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core …-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our …