financial and price stability that followed the economic crisis facilitated the adjustment to the euro area’s single currency …

Evidence suggests that after a period of convergence in the early and mid-1990s, the euro area economies may have … monitoring intra-euro area developments, we present a "convergence barometer" to monitor divergences, and a Taylor rule based … conclusion is that policymakers at the euro area level should be concerned about divergences, since automatic stabilisers alone …

euro area in terms of frequency content and phasing of cycles. The methodology uses the con-tinuous wavelet transform (CWT … phasing between the three core members of the euro area (France, Germany and Italy) have increased since the launch of the … euro. …