Cohesion within the euro area and the U. S: a wavelet-based view

Detalhes bibliográficos
Autor(a) principal: Lopes, Artur Silva
Data de Publicação: 2012
Outros Autores: Rua, António
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/24361
Resumo: The assessment of synchronization of macroeconomic fluctuations across countries or regions has been crucial, for example, for the debate on economic integration. In this paper, we propose a multivariate measure of synchronization to assess cohesion across countries or regions by resorting to wavelet analysis. This wavelet-based measure of cohesion allows one to assess how synchronization has evolved over time and across frequencies simultaneously. In particular, we investigate the cohesion among euro area countries and the cohesion within the U.S. both at the regional and state levels over the last decades. In addition, an analysis at the sectoral level is also conducted. The results obtained unveil a noteworthy heterogeneity and highlight the usefulness of a wavelet-based measure of cohesion.
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spelling Cohesion within the euro area and the U. S: a wavelet-based viewCohesionTime-FrequencyOutput GrowthThe assessment of synchronization of macroeconomic fluctuations across countries or regions has been crucial, for example, for the debate on economic integration. In this paper, we propose a multivariate measure of synchronization to assess cohesion across countries or regions by resorting to wavelet analysis. This wavelet-based measure of cohesion allows one to assess how synchronization has evolved over time and across frequencies simultaneously. In particular, we investigate the cohesion among euro area countries and the cohesion within the U.S. both at the regional and state levels over the last decades. In addition, an analysis at the sectoral level is also conducted. The results obtained unveil a noteworthy heterogeneity and highlight the usefulness of a wavelet-based measure of cohesion.Banco de PortugalRepositório da Universidade de LisboaLopes, Artur SilvaRua, António2022-05-24T15:19:19Z2012-022012-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24361engLopes, Artur Silva e António Rua .2012. “Cohesion within the euro area and the U. S: a wavelet-based view “. Banco de Portugal. Economic Research Department. Working Papers nº 4/ 20122182-0422 (online)info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:54:01Zoai:www.repository.utl.pt:10400.5/24361Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:25.739289Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Cohesion within the euro area and the U. S: a wavelet-based view
title Cohesion within the euro area and the U. S: a wavelet-based view
spellingShingle Cohesion within the euro area and the U. S: a wavelet-based view
Lopes, Artur Silva
Cohesion
Time-Frequency
Output Growth
title_short Cohesion within the euro area and the U. S: a wavelet-based view
title_full Cohesion within the euro area and the U. S: a wavelet-based view
title_fullStr Cohesion within the euro area and the U. S: a wavelet-based view
title_full_unstemmed Cohesion within the euro area and the U. S: a wavelet-based view
title_sort Cohesion within the euro area and the U. S: a wavelet-based view
author Lopes, Artur Silva
author_facet Lopes, Artur Silva
Rua, António
author_role author
author2 Rua, António
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Lopes, Artur Silva
Rua, António
dc.subject.por.fl_str_mv Cohesion
Time-Frequency
Output Growth
topic Cohesion
Time-Frequency
Output Growth
description The assessment of synchronization of macroeconomic fluctuations across countries or regions has been crucial, for example, for the debate on economic integration. In this paper, we propose a multivariate measure of synchronization to assess cohesion across countries or regions by resorting to wavelet analysis. This wavelet-based measure of cohesion allows one to assess how synchronization has evolved over time and across frequencies simultaneously. In particular, we investigate the cohesion among euro area countries and the cohesion within the U.S. both at the regional and state levels over the last decades. In addition, an analysis at the sectoral level is also conducted. The results obtained unveil a noteworthy heterogeneity and highlight the usefulness of a wavelet-based measure of cohesion.
publishDate 2012
dc.date.none.fl_str_mv 2012-02
2012-02-01T00:00:00Z
2022-05-24T15:19:19Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/24361
url http://hdl.handle.net/10400.5/24361
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Lopes, Artur Silva e António Rua .2012. “Cohesion within the euro area and the U. S: a wavelet-based view “. Banco de Portugal. Economic Research Department. Working Papers nº 4/ 2012
2182-0422 (online)
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de Portugal
publisher.none.fl_str_mv Banco de Portugal
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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