Decoupling hypothesis and the financial crisis
Decoupling hypothesis and the financial crisis

Author(s): Joanna Wyrobek
Subject(s): Business Economy / Management, Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: decoupling; business cycle synchronization; spectral analysis; emerging economies;
Summary/Abstract: The purpose of the paper was to present the decoupling hypothesis which says that the performance of the emerging economies becomes relatively independent from the changes in advanced economies, and to empirically verify this hypothesis. The Christiano-Fitzgerald band-pass filter and spectral analyses have been applied to examine the hypothesis. On the basis of obtained results, if one compares the deviations of GDPs from their long-term trend, it seems that the synchronization of cycles between emerging and advanced economies was already high before the crisis.

• Details
• Contents