surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

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 …

-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …, while achieving regional redistribution, seem to impede output growth and promote an “immiserising convergence”: output …

convergence of the adjustment processes in Europe and the US, reflecting both a fall in interstate migration in the US and a rise … in the role of migration in Europe. Finally, we show that part of the difference between Europe and the US in previous …

We study the convergence properties of inflation rates among the countries of the European Monetary Union over the … into two parts, before and after the birth of the euro. We study convergence in the first sub-sample by means of univariate … if the Dickey-Fuller regressions are run without an intercept term. Overall, we are able to accept the convergence …

differ substantially before and after the formal introduction of the euro in 1999, suggesting that convergence has largely …