Czasopismo
Tytuł artykułu
Autorzy
Warianty tytułu
Synchronization of business Cycles in the Euro Area
Języki publikacji
Abstrakty
Cykle koniunkturalne w strefie euro są w znacznym stopniu zsynchronizowane. Odnosi to się zarówno do cykli klasycznych, jak i cykli wzrostu gospodarczego. Fazy cyklu realnego PKB i cyklu zatrudnienia są zasadniczo zbieżne, a współczynniki korelacji luki produktowej ze strefą euro w większości krajów wynoszą powyżej 0,9. Synchronizacji cykli sprzyja wiele czynników, zwłaszcza integracja rynków produktów, znajdująca swoje odbicie we wzajemnej wymianie handlowej, dominacja handlu wewnątrzgałęziowego, integracja rynków finansowych oraz podobieństwo polityki pieniężnej. (abstrakt oryginalny)
Business cycles in the euro area are highly synchronized. This applies both to classical cycles and economic growth cycles. The phases of GDP real cycle and employment cycle are broadly consistent, and correlation coefficient of output gap with the euro area in most countries are about 0.9. Cycles synchronization is promoted by a number of factors, especially by integration of the product markets, the dominance of intra-industry trade, the financial integration and the similarity of monetary policies. (original abstract)
Rocznik
Strony
48-58
Opis fizyczny
Twórcy
autor
- Uniwersytet Ekonomiczny we Wrocławiu
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171206567