<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In recent years, research on the synchronization of business cycles in economies has been undertaken more than once. This is a desirable phenomenon especially for the European Union. The aim of the article is to verify selected macroeconomic indicators that characterize the economies of countries belonging to the European Union in relation to Poland, thus presenting convergence of dynamic cycles of changes in socio-economic sphere indicators: inflation rate, unemployment rate, short-term interest rates, and GDP. For this purpose, a cross-spectral analysis was used which allows us to show the occurring fluctuations of different lengths, as well as to compare the strength of the relation of changes between selected indicators. According to the conducted analyses, it was noted that the Polish economy (in the perspective of long-term changes) is a determinant of changes for highly developed countries.</p></abstract>

In recent years, research on the synchronization of business cycles in economies has been undertaken more than once. This is a desirable phenomenon especially for the European Union. The aim of the article is to verify selected macroeconomic indicators that characterize the economies of countries belonging to the European Union in relation to Poland, thus presenting convergence of dynamic cycles of changes in socio-economic sphere indicators: inflation rate, unemployment rate, short-term interest rates, and GDP. For this purpose, a cross-spectral analysis was used which allows us to show the occurring fluctuations of different lengths, as well as to compare the strength of the relation of changes between selected indicators. According to the conducted analyses, it was noted that the Polish economy (in the perspective of long-term changes) is a determinant of changes for highly developed countries.

A Multi – Speed Europe, and the Peripherality of Poland

Department of Organization Management and Development Strategy

University of Information Technology and Management in Rzeszów

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"A Multi \u2013 Speed Europe, and the Peripherality of Poland"}

In recent years, research on the synchronization of business cycles in economies has been undertaken more than once. This is a desirable phenomenon especially...

A Multi – Speed Europe, and the Peripherality of Poland

Published Online: Jun 28, 2019

Page range: 30 - 44

Received: May 10, 2018

Accepted: Jan 10, 2019

DOI: https://doi.org/10.2478/fiqf-2019-0004

Keywords
European economy, multi-speed Europe, cross-spectral analysis, the peripherality of Poland

© 2019 Mateusz Mierzejewski et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

A Multi – Speed Europe, and the Peripherality of Poland

Published Online: Jun 28, 2019

Page range: 30 - 44

Received: May 10, 2018

Accepted: Jan 10, 2019

DOI: https://doi.org/10.2478/fiqf-2019-0004

KeywordsEuropean economy, multi-speed Europe, cross-spectral analysis, the peripherality of Poland

© 2019 Mateusz Mierzejewski et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
European economy, multi-speed Europe, cross-spectral analysis, the peripherality of Poland