Crowley, Patrick M.; Mayes, David G. - In: OECD Journal: Journal of Business Cycle Measurement and … 2008 (2008) 1, pp. 63-95
This paper uses several recent advances in time-varying spectral methods to analyse the growth cycles of the core of the euro area in terms of frequency content and phasing of cycles. There are two main findings. First that coherence and phasing between the three core members of the euro area...