Aguiar, Luís Francisco; Soares, Maria Joana - Núcleo de Investigação em Políticas Económicas … - 2010
We use wavelet analysis to study cycle synchronization across the EU-15 and the Euro-12 countries. Based on the wavelet transform, we propose a metric to measure and test for business cycles synchronization. Several conclusions emerge. France and Germany form the core of the Euro land, being the...