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The impact of EU accession on regional business cycle synchronisation and sector specialisation
Bierbaumer-Polly, Jürgen; Huber, Peter; Rozmahel, Petr - 2015
Persistent link: https://www.econbiz.de/10011299099
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Is there really a European business cycle?
Inklaar, Robert; Haan, Jakob de - 2000
In this paper we argue that in contrast to the conclusion of Artis and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences...
Persistent link: https://www.econbiz.de/10009781543
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On the relationship between economic integration, business environment and real convergence : the experience of the CEE countries
Głodowska, Agnieszka - In: Economies : open access journal 7 (2019) 2/54, pp. 1-19
The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries … economic integration and convergence as well as business environment and growth. The study methods applied in in the article …10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration …
Persistent link: https://www.econbiz.de/10012021613
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Understanding low wage growth in the euro area and European countries
Nickel, Christiane (ed.); Bobeica, Elena (ed.);  … - 2019
Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and substantially overpredicted in 2013-17. This paper summarises the findings of an ESCB expert group on the reasons for low wage growth and provides comparable analyses on wage developments...
Persistent link: https://www.econbiz.de/10012063794
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Financial cycles in Europe : dynamics, synchronicity and implications for business cycles and macroeconomic imbalances
Adarov, Amat - 2019
Using dynamic factor models and state-space techniques we quantify financial cycles for twenty European countries over the period 1960Q1–2015Q4 capturing imbalances across credit, housing, bond and equity markets. The paper documents the existence of slow-moving and persistent financial cycles...
Persistent link: https://www.econbiz.de/10012153925
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The effect of asymmetries in fiscal policy conducts on business cycle correlation in the EU
Rozmahel, Petr; Grochová, Ladislava Issever; Litzman, Marek - 2014
The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the European Union. In particular the paper estimates the effects of fiscal indiscipline and dissimilarity on business cycle correlation in the period 1996-2012 using a panel of 27...
Persistent link: https://www.econbiz.de/10010429842
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European business cycle convergence : portfolio similarity and a declining home bias of private investors
Schneider, Jennifer - 2013
cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is … business cycles and contributes to convergence via the consumption-wealth linkage. The background of the analysis is the …
Persistent link: https://www.econbiz.de/10011932474
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Business Cycle Correlation between the Euro Area and the Balkan Countries
Gouveia, Sofia Helena - 2014
This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...
Persistent link: https://www.econbiz.de/10013053018
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Fiscal transfers and economic convergence
Capella-Ramos, João; Checherita-Westphal, Cristina; … - 2020
Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …
Persistent link: https://www.econbiz.de/10012319164
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Comovements and heterogeneity in the euro area analyzed in a non-stationary dynamic factor model
Eickmeier, Sandra (contributor) - 2006
This paper seeks to assess comovements and heterogeneity in the euro area by fitting a nonstationary dynamic factor model (Bai and Ng, 2004), augmented with a structural factor setup (Forni and Reichlin, 1998), to a large set of euro-area macroeconomic variables observed between 1982 and 2003....
Persistent link: https://www.econbiz.de/10003376151