Darné, Olivier; Ferrara, Laurent - C.E.P.R. Discussion Papers - 2009
. In this paper, we focus on the acceleration cycle in the euro area, namely the peaks and troughs of the growth rate which … delimitate the slowdown and acceleration phases of the economy. Our aim is twofold: First, we put forward a reference turning …, in order to follow in real-time the fluctuations of the acceleration cycle. …