Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016
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 … amplitude of national cycles. A strong common cycle can thus lead to large differences in cyclical positions even if national …