Artis, Michael; Marcellino, Massimiliano; Proietti, Tommaso - IGIER (Innocenzo Gasparini Institute for Economic … - 2003
In this paper we compare alternative approaches for dating the Euro area business cycle and analyzing its … compute the probability of a phase change. Second, we apply the modified algorithm for dating both the classical Euro area … repeat the dating exercise for the main Euro area countries, evaluate the degree of syncronization, and compare the results …