In this paper, I analyse the synchronization of business cycles within the E.U., as this is an important ingredient for … parameter specifications and leads/lags. The strength of cycle synchronization is measured using linear regressions, cross …-correlation coefficients and the Cycle Synchronization Index (CSI). To assess whether synchronization is stronger after the introduction of the …

We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …

We study the synchronization of credit booms and busts among 12 major European economies and the United States between … credit cycle synchronization. …