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| Spillover of sentiment in the European Union: Evidence from time-and frequency-domains; Spillover of sentiment in the European Union: Evidence from time-and frequency-domains | |
Plakandaras, Vasilios; Tiwari, Aviral Kumar; Gupta, Rangan; Ji, Qiang
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| Source Publication | INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
 ; INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
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| Abstract | The issue of economic integration of the economies consisting the European Union across its various leaps of expansion throughout the years has been brought back to light during the recent sovereign crisis of the southern economies of the Union, that lead to the necessity of large bailout programs. In this paper we depart from the typical approach in the field and examine economic synchronization through the lenses of economic sentiment spillovers based on the economic confidence index for 14 European economies. In doing so, we analyze sentiment spillovers both in time- and in the frequency-domains in order to reveal the dissemination of the perception of economic agents about the future economic climate throughout the EU. Our empirical findings support the segregation of the Union in the core European countries and the southern economies and highlight the role of the Germany as the dominant economy setting the pace for the Union after 2008. Interestingly, large economies as Netherlands and Austria appear to be neutral, not because of an isolation from the region, but due to changing roles in transmitting and accepting expectations about the economic environment.; The issue of economic integration of the economies consisting the European Union across its various leaps of expansion throughout the years has been brought back to light during the recent sovereign crisis of the southern economies of the Union, that lead to the necessity of large bailout programs. In this paper we depart from the typical approach in the field and examine economic synchronization through the lenses of economic sentiment spillovers based on the economic confidence index for 14 European economies. In doing so, we analyze sentiment spillovers both in time- and in the frequency-domains in order to reveal the dissemination of the perception of economic agents about the future economic climate throughout the EU. Our empirical findings support the segregation of the Union in the core European countries and the southern economies and highlight the role of the Germany as the dominant economy setting the pace for the Union after 2008. Interestingly, large economies as Netherlands and Austria appear to be neutral, not because of an isolation from the region, but due to changing roles in transmitting and accepting expectations about the economic environment. |
| 2020 ; 2020 | |
| Volume | 68 |
| DOI | 10.1016/j.iref.2020.03.014 ; 10.1016/j.iref.2020.03.014 |
| Language | 英语 ; 英语 |
| Citation statistics | |
| Document Type | 期刊论文 |
| Identifier | http://ir.casisd.cn/handle/190111/9786 |
| Collection | 中国科学院科技战略咨询研究院 |
| Recommended Citation GB/T 7714 | Plakandaras, Vasilios,Tiwari, Aviral Kumar,Gupta, Rangan,et al. Spillover of sentiment in the European Union: Evidence from time-and frequency-domains, Spillover of sentiment in the European Union: Evidence from time-and frequency-domains[J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, INTERNATIONAL REVIEW OF ECONOMICS & FINANCE,2020, 2020,68, 68. |
| APA | Plakandaras, Vasilios,Tiwari, Aviral Kumar,Gupta, Rangan,&Ji, Qiang.(2020).Spillover of sentiment in the European Union: Evidence from time-and frequency-domains.INTERNATIONAL REVIEW OF ECONOMICS & FINANCE,68. |
| MLA | Plakandaras, Vasilios,et al."Spillover of sentiment in the European Union: Evidence from time-and frequency-domains".INTERNATIONAL REVIEW OF ECONOMICS & FINANCE 68(2020). |
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