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Description
| - Similarity of business cycles is one of the crucial preconditions for sharing a common currency. If business cycles of individual countries in a monetary union diverge considerably, monetary policy setting will not fit them all. This article aims to evaluate and discuss alignment of business cycles of selected Central and Eastern European countries with the euro area as a whole. The analysis is based on the correlation of deviations of real GDP levels from their trend values, output gaps synchronicity calculation, and measuring the similarity of output gaps amplitude. The results indicate a high degree of business cycles alignment between the Baltic countries and the euro area; common monetary policy setting should be, therefore, most suitable for Baltic countries. On the contrary, the highest degree of business cycle misalignment is observed in case of Hungary.
- Similarity of business cycles is one of the crucial preconditions for sharing a common currency. If business cycles of individual countries in a monetary union diverge considerably, monetary policy setting will not fit them all. This article aims to evaluate and discuss alignment of business cycles of selected Central and Eastern European countries with the euro area as a whole. The analysis is based on the correlation of deviations of real GDP levels from their trend values, output gaps synchronicity calculation, and measuring the similarity of output gaps amplitude. The results indicate a high degree of business cycles alignment between the Baltic countries and the euro area; common monetary policy setting should be, therefore, most suitable for Baltic countries. On the contrary, the highest degree of business cycle misalignment is observed in case of Hungary. (en)
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Title
| - Business Cycles Alignment of Selected CEECc and the Euro Area
- Business Cycles Alignment of Selected CEECc and the Euro Area (en)
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skos:prefLabel
| - Business Cycles Alignment of Selected CEECc and the Euro Area
- Business Cycles Alignment of Selected CEECc and the Euro Area (en)
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skos:notation
| - RIV/61989100:27510/14:86090737!RIV15-MSM-27510___
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/61989100:27510/14:86090737
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - Business Cycle, Common Currency, Correlation Synchronicity, Similarity (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...ontrolniKodProRIV
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http://linked.open...v/mistoKonaniAkce
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http://linked.open...i/riv/mistoVydani
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http://linked.open...i/riv/nazevZdroje
| - Proceedings of the 2nd International Conference on European Integration 2014 - ICEI 2014 : May 15-16, 2014, Ostrava, Czech Republic
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...UplatneniVysledku
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http://linked.open...iv/tvurceVysledku
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http://linked.open...vavai/riv/typAkce
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http://linked.open...ain/vavai/riv/wos
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http://linked.open.../riv/zahajeniAkce
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number of pages
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http://purl.org/ne...btex#hasPublisher
| - Vysoká škola báňská - Technická univerzita Ostrava
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https://schema.org/isbn
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http://localhost/t...ganizacniJednotka
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