Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots …

apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee and Carrion …We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically …, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also …

This paper presents a stress indicator for the eurozone that summarizes developments of trends and cycles in real GDP … that stress in the eurozone is mainly due to different trend growth rates and that for most of the Euro-zone countries …

Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect …

(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence … tests reveal the existence of convergence clubs and divergent economies within the full panel, which explains why panel …

by applying “second generation” panel cointegration techniques. A unique identification strategy for the selection of sub …‐panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable …