differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … suggest that euro area unemployment is particularly sensitive to movements in the consumption component of GDP, while …

productivity convergence among euro area countries. While no convergence can be found on the aggregate level, selected service … sectors and manufacturing sub-industries indicate evidence of convergence. In a search for factors influencing productivity … competitive environment, eventually facilitating economic convergence …

The move to monetary union in Europe led to convergence of interest rates among the participating countries. This was …

measure alikeness of business cycles by studying the synchronization of up and down phases, the convergence properties of … country fluctuations towards the euro area cycles and the contribution of the euro area factor to national GDP volatilities …

euro area country is governed by the levels of GDP per capita …

This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That … is, GDP is forecast via the forecasts of value added across the different branches of activity, which is quite new in the … indicators are used to bridge the gap of missing GDP data. The process of selecting the best performing equations is accomplished …

investment although rentals for owner occupied households is imputed into GDP. We argue that households de facto treat the … consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting …