1972-2011. We propose a regression-based procedure to test whether boom-bust phases of credit cycles coincide across … countries and to cluster countries with positively synchronized credit cycles. We find strong evidence against the existence of … a common credit cycle across all countries. Instead, the credit cycles of Austria, Belgium, Germany, Ireland, and the …

We study the cross-country dimension of financial cycles for six euro area countries using three different …

The Euro Area is characterized by little variation in unemployment and strongly procyclical labor productivity. We …

, research on real estate finance has been developing and applying a variety of valuation methods, focusing on the supply and …

cycles. The decision to buy or rent a durable, financially significant asset is a difficult one for both experts and amateurs …