On business cycles synchronization in Europe: A note on network analysis

Autores
Matesanz Gómez, David; Ortega, Guillermo José
Año de publicación
2016
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
In this paper we examine synchronization in European business cycles from 1950 to 2013. Herein we further investigate previous and controversial results that arise from complex network analysis of this topic. By focusing on the importance of different configurations in the commonly used rolling windows and threshold significance levels, we find that selections are critical to obtaining accurate networks. Output co-movement and connectivity show no appreciable changes during the beginning of the Euro period, but rather dramatic jumps are observed since the outbreak of the global financial crisis. At this time, previous lead/lag effects disappeared and in-phase synchronization across Europe was observed.
Fil: Matesanz Gómez, David. Universidad de Oviedo; España
Fil: Ortega, Guillermo José. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Quilmes. Departamento de Ciencia y Tecnología; Argentina
Materia
Correlation Networks
European Business Cycles Synchronization
Mst
Lead/Lags
Causality
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/46960
Acceder
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oai_identifier_str oai:ri.conicet.gov.ar:11336/46960
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network_name_str CONICET Digital (CONICET)
spelling On business cycles synchronization in Europe: A note on network analysisMatesanz Gómez, DavidOrtega, Guillermo JoséCorrelation NetworksEuropean Business Cycles SynchronizationMstLead/LagsCausalityhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5In this paper we examine synchronization in European business cycles from 1950 to 2013. Herein we further investigate previous and controversial results that arise from complex network analysis of this topic. By focusing on the importance of different configurations in the commonly used rolling windows and threshold significance levels, we find that selections are critical to obtaining accurate networks. Output co-movement and connectivity show no appreciable changes during the beginning of the Euro period, but rather dramatic jumps are observed since the outbreak of the global financial crisis. At this time, previous lead/lag effects disappeared and in-phase synchronization across Europe was observed.Fil: Matesanz Gómez, David. Universidad de Oviedo; EspañaFil: Ortega, Guillermo José. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Quilmes. Departamento de Ciencia y Tecnología; ArgentinaElsevier Science2016-11info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/46960Matesanz Gómez, David; Ortega, Guillermo José; On business cycles synchronization in Europe: A note on network analysis; Elsevier Science; Physica A: Statistical Mechanics and its Applications; 462; 11-2016; 287-2960378-4371CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1016/j.physa.2016.06.097info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0378437116303727info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-10-15T14:27:03Zoai:ri.conicet.gov.ar:11336/46960instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-10-15 14:27:03.374CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv On business cycles synchronization in Europe: A note on network analysis
title On business cycles synchronization in Europe: A note on network analysis
spellingShingle On business cycles synchronization in Europe: A note on network analysis
Matesanz Gómez, David
Correlation Networks
European Business Cycles Synchronization
Mst
Lead/Lags
Causality
title_short On business cycles synchronization in Europe: A note on network analysis
title_full On business cycles synchronization in Europe: A note on network analysis
title_fullStr On business cycles synchronization in Europe: A note on network analysis
title_full_unstemmed On business cycles synchronization in Europe: A note on network analysis
title_sort On business cycles synchronization in Europe: A note on network analysis
dc.creator.none.fl_str_mv Matesanz Gómez, David
Ortega, Guillermo José
author Matesanz Gómez, David
author_facet Matesanz Gómez, David
Ortega, Guillermo José
author_role author
author2 Ortega, Guillermo José
author2_role author
dc.subject.none.fl_str_mv Correlation Networks
European Business Cycles Synchronization
Mst
Lead/Lags
Causality
topic Correlation Networks
European Business Cycles Synchronization
Mst
Lead/Lags
Causality
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv In this paper we examine synchronization in European business cycles from 1950 to 2013. Herein we further investigate previous and controversial results that arise from complex network analysis of this topic. By focusing on the importance of different configurations in the commonly used rolling windows and threshold significance levels, we find that selections are critical to obtaining accurate networks. Output co-movement and connectivity show no appreciable changes during the beginning of the Euro period, but rather dramatic jumps are observed since the outbreak of the global financial crisis. At this time, previous lead/lag effects disappeared and in-phase synchronization across Europe was observed.
Fil: Matesanz Gómez, David. Universidad de Oviedo; España
Fil: Ortega, Guillermo José. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Quilmes. Departamento de Ciencia y Tecnología; Argentina
description In this paper we examine synchronization in European business cycles from 1950 to 2013. Herein we further investigate previous and controversial results that arise from complex network analysis of this topic. By focusing on the importance of different configurations in the commonly used rolling windows and threshold significance levels, we find that selections are critical to obtaining accurate networks. Output co-movement and connectivity show no appreciable changes during the beginning of the Euro period, but rather dramatic jumps are observed since the outbreak of the global financial crisis. At this time, previous lead/lag effects disappeared and in-phase synchronization across Europe was observed.
publishDate 2016
dc.date.none.fl_str_mv 2016-11
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/46960
Matesanz Gómez, David; Ortega, Guillermo José; On business cycles synchronization in Europe: A note on network analysis; Elsevier Science; Physica A: Statistical Mechanics and its Applications; 462; 11-2016; 287-296
0378-4371
CONICET Digital
CONICET
url http://hdl.handle.net/11336/46960
identifier_str_mv Matesanz Gómez, David; Ortega, Guillermo José; On business cycles synchronization in Europe: A note on network analysis; Elsevier Science; Physica A: Statistical Mechanics and its Applications; 462; 11-2016; 287-296
0378-4371
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1016/j.physa.2016.06.097
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0378437116303727
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier Science
publisher.none.fl_str_mv Elsevier Science
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.22299

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