de Haan, Jakob; Jacobs, Jan P.A.M.; Zijm, Renske - 2022
Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using … business cycle coherence did not increase monotonically. The COVID-19 pandemic made that the signs of the output gaps of euro … area countries became more similar, but we find large differences in the amplitude of the output gaps across countries. …