0504389 20240103222003.120190504235959.9 85057338520 000521161000011 10.1007/s00181-018-1601-x 17 s. P cav_un_epca*02930260377-7332584 (2020)1779-1795Heidelberg Physica Growth cycles Synchronization Integration Time–frequency Wavelets Co-movement cav_un_auth*0374855 Hanus L. CZ 50 cav_un_auth*0101217 Vácha Lukáš UTIA-B Ekonometrie Department of Econometrics E E Department of Econometrics 50 K Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2019/E/vacha-0504389.pdf https://link.springer.com/article/10.1007/s00181-018-1601-x GA16-14151S GA ČR CZ cav_un_auth*0344061 366015 GAUK CZ cav_un_auth*0374856 In this paper, we map the growth cycle synchronization across the European Union, specifically focusing on the position of the Visegrad Four countries. We study the synchronization using frequency and time-frequency domain. To accommodate for dynamic relationships among the countries, we propose a wavelet cohesion measure with time-varying weights. Analyzing quarterly data from 1995 to 2017, we show an increasing co-movement of the Visegrad Four countries with the European Union after the countries have accessed the European Union. We show that participation in a currency union increases the co-movement of the country adopting the Euro. Furthermore, we find a high degree of synchronization at business cycle frequencies of the Visegrad Four and countries of the European monetary union. WOS AH 50000 50200 50202 2021 2 RVO:67985556 http://hdl.handle.net/11104/0296330 cav_un_auth*0359004 IES FSV UK CZ S 1 Article Economics|Social Sciences Mathematical Methods C ECONOMICS|SOCIALSCIENCES.MATHEMATICALMETHODS 1.846 0.518 7.7 0.00437 0.592 3886 71 0.605 43.91 1.37 662 Q1 1.605 388 Q3 32.187 37.1 Q3 Q2 0.65 Q2 42.42 2020 85057338520 SCOPUS PUBMED 000521161000011 WOS cav_un_epca*0293026 Empirical Economics 0377-7332 1435-8921 Roč. 58 č. 4 2020 1779 1795 Heidelberg Physica