Drake, Leigh; Mills, Terence - In: Applied Economics 42 (2010) 11, pp. 1397-1401
This article examines the time-series properties of real Gross Domestic Product (GDP) in the Euro area as a whole, both prior to and after the adoption of the Euro in January 1999. We employ the relatively recent 'optimal approximation' band pass filter developed by Christiano and Fitzgerald...