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characteristic of regions in old EU member states. We find robust evidence of asymmetric growth performance within countries, with a …
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put them in contrast to the cyclical performance of the new members of the EU and other OECD countries. We use the … during the end of the 80s and the beginning of the 90s. The new EU members have also experienced a strong pattern of …
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We propose the analysis of the dynamics of the standard deviation of business cycles across euro area countries in order to evaluate the patterns of cyclical convergence in the European Monetary Union for the period 1960-2008. We identify significant business cycle divergence taking place in the...
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