Cohesion within the euro area and the U. S: a wavelet-based view
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | |
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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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) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131178514513920 |