This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …

We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s.JEL numbers …

criteria implies extensive business cycle harmonization between CEECs and EU countries in the medium term …

We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s …

(CEECs), a topic that has gained attention in recent years as new EU entrants prepare for participation in the monetary union …

Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … with the EU was signed exceeded trade growth of the control group of countries which did not become members …