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countries is mostly a characteristic of regions in old EU member states. We also find robust evidence of positive growth of …
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Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...
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across EU regions using quantile regression. We propose using Bayesian Model Averaging (BMA) methods on the class of quantile …
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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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