Showing 1 - 10 of 10,515
. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member … discussion on the process of joining the Eurozone by the Czech Republic and other candidate countries. The paper provides an … analysis of some business cycle similarity and convergence measures using different indicators and detrending techniques …
Persistent link: https://www.econbiz.de/10011435274
In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...
Persistent link: https://www.econbiz.de/10011604890
This paper analyses the effect of the EU enlargement process on income convergence among regions in the EU and in the … regional income differences are reduced within EU15. The income convergence within the EU is mainly driven by reductions in the … conditions in the regions are controlled for by fixed regional effects there are strong evidences of convergence among regions in …
Persistent link: https://www.econbiz.de/10011430825
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …
Persistent link: https://www.econbiz.de/10011604863
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10011605175
This paper is an exercise in dating the Euro area business cycle on a monthly basis. Using a quite flexible interpolation routine. we construct several monthly series of Euro area GDP, and then apply the Bry-Boschan (1971) procedure. To account for the asymmetry in growth regimes and duration...
Persistent link: https://www.econbiz.de/10010319190
Not so much and we should not, at least not yet.
Persistent link: https://www.econbiz.de/10011604641
This paper shows that the EMU has not affected historical characteristics of member countries’ business cycles and their cross-correlations. Member countries which had similar levels of GDP per-capita in the seventies have also experienced similar business cycles since then and no significant...
Persistent link: https://www.econbiz.de/10011605056
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021 …. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly …-driven persistent divergence in growth. Regression results provide further evidence of convergence in the euro area and the EU over the …
Persistent link: https://www.econbiz.de/10014334683
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups …
Persistent link: https://www.econbiz.de/10010298739