We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected euro zone countries, the US and …

We review the literature on business cycle correlation between the euro area and the Central and Eastern European … identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find … that estimation methodologies can have a significant effect on correlation coefficients. While CEEC central bankers tend to …

whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the …

estimation method, based on advances in economics, statistics, and applied mathematics, which involves estimating a structural …

This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate … has not restricted fiscal policy makers in the euro area in pursuing expansionary policies before elections. In an …

estimation methods are discussed and critically evaluated. …