scholarly journals Financial Cycles in Euro Area Economies: A Cross‐Country Perspective Using Wavelet Analysis*

2021 ◽  
Author(s):  
Martin Mandler ◽  
Michael Scharnagl
Keyword(s):  
Wavelet Analysis ◽  
Euro Area ◽  
Cross Country ◽  
Financial Cycles

scholarly journals Financial Cycles in Euro Area Economies: A Cross-Country Perspective

2018 ◽  
Author(s):  
Davor Kunovac ◽  
Martin Mandler ◽  
Michael Scharnagl
Keyword(s):  
Euro Area ◽  
Cross Country ◽  
Financial Cycles

Real and Financial Cycles in Euro Area Economies: Results from Wavelet Analysis

2019 ◽  
Vol 239 (5-6) ◽  
pp. 895-916 ◽  
Author(s):  
Michael Scharnagl ◽  
Martin Mandler
Keyword(s):  
Wavelet Analysis ◽  
Euro Area ◽  
Cycle Length ◽  
House Prices ◽  
House Price ◽  
Real Activity ◽  
Economic Cycles ◽  
Real Gdp ◽  
Common Cycles ◽  
Financial Cycles

Abstract We study the within-country dimension of financial cycles in the four largest euro area economies using tools from wavelet analysis. We focus on credit and house price cycles which are most commonly used to represent the financial cycle. With the exception of Germany, the variables contain important common cycles within each country close to the upper bound of business cycle length and beyond which can be interpreted as financial cycles. These cycles are closely linked to domestic cycles in real activity showing financial and real economic cycles as interconnected phenomena. For these common cycles, credit and house prices lag real GDP.

Cross-Cutting Themes in Major Article IV Consultations

Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  
Keyword(s):  
United States ◽  
United Kingdom ◽  
Euro Area ◽  
Capital Flows ◽  
World Economy ◽  
The United States ◽  
Policy Responses ◽  
The United Kingdom ◽  
The World ◽  
Cross Country

This paper is part of a broader on-going effort to bring a more cross-country perspective to bilateral surveillance, taking advantage of a cluster of Article IV consultations with five systemically important economies concluded in July. With the five economies—the United States, the Euro area, China, Japan, and the United Kingdom—accounting for two-thirds of global output and three quarters of capital flows, the nature of linkages and consistency of policy responses across the systemic five (S5) has important implications for the world economy.

scholarly journals The (in)stability of money demand in the euro area: lessons from a cross-country analysis

Empirica ◽  
2010 ◽  
Vol 38 (4) ◽  
pp. 539-553 ◽  
Author(s):  
Dieter Nautz ◽  
Ulrike Rondorf
Keyword(s):  
Euro Area ◽  
Money Demand ◽  
Country Analysis ◽  
Cross Country

scholarly journals How Hard is the Euro Area Core? An Evaluation of Growth Cycles Using Wavelet Analysis

2006 ◽  
Author(s):  
David G. Mayes ◽  
Patrick M. M. Crowley ◽  
Douglas Maraun
Keyword(s):  
Wavelet Analysis ◽  
Euro Area ◽  
Growth Cycles
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