This paper analyzes business cycle synchronization and the Phillips curve (PC) relationship in Central, Eastern, and … countries. These results highlight the role of EU membership in fostering economic synchronization and emphasize the importance …

This article examines the effects of monetary integration on the synchronization of the business cycle within ECOWAS … the relationship between monetary integration and business cycle synchronization. Second, the ARDL error correction … statistically significant effect of monetary integration on the long-run synchronization of the business cycle. Regarding short …

generate stronger comovement, because they combine shock propagation with synchronization of endogenous dynamics. In particular … synchronization. Next, we calibrate the model to data on 24 countries and show that the empirical level of comovement can only be …

In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We … city-level housing cycle synchronization. The estimates suggest that Spanish housing prices have followed a convergence … factors in explaining the evolution of housing price synchronization among Spanish cities. …