Přístupnostní navigace
E-application
Search Search Close
Publication detail
KAPOUNEK, S. POMĚNKOVÁ, J.
Original Title
Zdánlivá synchronnost hospodářských cyklů: analýza dynamické korelace zemí V4
English Title
Spurious synchronization of business cycles: Dynamic correlation analysis of V4 countries
Type
journal article - other
Language
Czech
Original Abstract
Cílem článku je vymezit pravidla pro rozhodování o existenci zdánlivé synchronizace zemí v rámci měnové oblasti.
English abstract
The purpose of our paper is to define rules for decision of existence spurious synchronization of countries within the currency area. We devote this new methodological approach from an empirical research based on the variability of a dynamic correlation (correlation in frequency domain). We analyze the dynamic correlation in full range and in the business cycle frequencies as well. We also consider lags in economic activity co-movements. Contrary to the standard approach we show its insufficiency especially in case of time domain instruments. For this goal GDP values in quarters of the four Visegrad countries and the Eurozone in the period 1997/Q1–2011/Q1 are used.
Keywords
OCA teorie, efektivnost monetární politiky, Hammingovo okno, společný pohyb
Key words in English
OCA theory, monetary policy efficiency, co-movements, Hamming window
Authors
KAPOUNEK, S.; POMĚNKOVÁ, J.
RIV year
2012
Released
30. 8. 2012
Publisher
Mendelu v Brně
Location
Brno
ISBN
1211-8516
Periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
Year of study
2012 (LX)
Number
4
State
Czech Republic
Pages from
181
Pages to
188
Pages count
8
BibTex
@article{BUT94762, author="Svatopluk {Kapounek} and Jitka {Poměnková}", title="Zdánlivá synchronnost hospodářských cyklů: analýza dynamické korelace zemí V4", journal="Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis", year="2012", volume="2012 (LX)", number="4", pages="181--188", issn="1211-8516" }