Quotation Crespo Cuaresma, Jesus. 2021. Uncertainty and Business Cycle Synchronization in Europe. Applied Economics Letters. 29 (11), 1047-1053.




We assess empirically the role that uncertainty plays as a determinant of business cycle synchronization dynamics in the European Monetary Union. Using a time-varying measure of business cycle synchronization and Bayesian model averaging methods, we find that increase in uncertainty tends to robustly predict desynchronization, in particular for countries whose business cycles are not in line with those of the rest of the monetary union.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Applied Economics Letters
Citation Index SSCI
WU Journalrating 2009 A
Language English
Title Uncertainty and Business Cycle Synchronization in Europe
Volume 29
Number 11
Year 2021
Page from 1047
Page to 1053
Reviewed? Y
URL https://www.tandfonline.com/doi/full/10.1080/13504851.2021.1939854
DOI https://doi.org/10.1080/13504851.2021.1939854
Open Access Y
Open Access Link https://doi.org/10.1080/13504851.2021.1939854


Crespo Cuaresma, Jesus (Details)
Department of Economics (Crespo Cuaresma) (Details)
Competence Center for Sustainability Transformation and Responsibility WE (Details)
Research Institute for Cryptoeconomics FI (Details)
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