In this paper we compare alternative approaches for dating the Euro area business cycle and analyzing its … compute the probability of a phase change. Second, we apply the modified algorithm for dating both the classical Euro area … repeat the dating exercise for the main Euro area countries, evaluate the degree of syncronization, and compare the results …

. Asymmetric business cycles are often seen as an impediment to the formation of a common currency area. However, it has been … convergence for 41 euro area regions and 48 US states. By looking at the regional dimension, a larger information set can be … national evidence could be misleading. Regional comovements may be caused not only by common business cycles, but also by other …