We study the degree of business cycle similarity between the Central and South-Eastern European (CESEE) countries and the Eurozone members. The special emphasis is put on the differences between countries that have already joined the European Union and those that are in different stages of...

The aim of the paper is to explore the role of trade in aligning the synchronisation patterns between the South Eastern European (SEE) countries – Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR of Macedonia, Kosovo, Montenegro, Romania and Serbia – and members of the euro area. More...

This article analyses correlation of demand and supply shocks between the EMU and the CEECs in order to see whether there is some degree of business cycle coordination between them. The main interest is to investigate the impact on Croatia and compare it with other CEECs. Information on the...

This paper constructs a quarterly inflation model for Croatia, using the general-to-specific approach to model inflation dynamics. A two-step procedure is followed. First, we conduct a long-run sectoral analysis of inflation sources, yielding long-run determinants of inflation: markup, excess...

This paper aims to analyse the correlation of demand and supply shocks between the EMU and CEECs in order to examine whether there is some degree of business cycle coordination between them. The main objective is to investigate the impact on Croatia and compare it with other CEECs. Croatia is of...