Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/301916 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
ECB Occasional Paper No. 354
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
The monitoring and analysis of the business cycle is a central element of inputs to monetary policy decision-making. This report contributes to the analysis of business cycles in the euro area in three dimensions. First, in terms of business cycle dating, it proposes automated procedures to characterise the business cycle situation of the euro area and its main components, across countries and sectors. Second, it investigates how business cycle synchronisation has evolved over the last 20 years. Third, it analyses business cycle drivers from several perspectives, including the financial and international dimension, interconnectedness, demand and supply. It also features an early analysis of the economic implications of the COVID-19 pandemic. Rather than reaching strong conclusions on the history of the euro area business cycle, the primary aim of the report is to promote sound methods and approaches that are part of ongoing enhancements of the analytical infrastructure designed to analyse hard-to-ascertain questions on the nature and characteristics of euro area business cycle dynamics.
Schlagwörter: 
business cycle dating
characteristics
synchronisation
drivers
JEL: 
C10
E32
E37
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-6422-7
Dokumentart: 
Research Report

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