Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

The literature on business cycle synchronization in Europe frequently presumes an alleged ‘core‒periphery’ pattern without providing empirical verification of the underlying cyclical (dis)similarities or the supposed but unobservable ‘European business cycle(s)’. To provide a...