A new non-linear parametric model, the Stochastic Cyclical Convergence Model (SCCM), is used for measuring the convergence of business cycles between euro area countries and the euro area aggregate. The model combines unobserved component models with time-varying parameter models. The...

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Confidence and trust have flown away: such seems to be the inevitable conclusion during these times of economic stagnation and collapsing banking system. It has thus become urgent to define more clearly the boundaries of that blurred and elusive notion, which is what Éloi Laurent proposes here...

The first decade of Eurozone economic policy is marked by complacency, passivity and ultimately failure, as seen by Eloi Laurent.

In this article, we propose a definition of the elusive "French model" of societal success and explore its usefulness for understanding the forces shaping France's future. This model, we suggest, remains "statist-republicanist": its democracy revolves around the idea of republicanism, while its...

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The highly politicized debate about the recent Alternative Investment Fund Manager (AIFM) Directive of the European Union led many observers to suspect an ideological battle between countries seeking to impose transnational regulation on financial service industries such as hedge funds and...