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McAdam, Peter - 2003

the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …

Persistent link: https://www.econbiz.de/10009635889

a reassessment using euro-area data

McAdam, Peter; Willman, Alpo - 2003

Using euro-area data, we re-examine the empirical success of New Keynesian Phillips Curves (NKPCs). The nature of our … of the euro-area NKPCs are robust, provide reasonable estimates for fixed-price durations and discount rates and embody …

Persistent link: https://www.econbiz.de/10009635912

Unemployment, hysteresis and transition

León-Ledesma, Miguel; McAdam, Peter - 2003

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...

Persistent link: https://www.econbiz.de/10009635980

Budgetary forecasts in Europe - the track record of stability and convergence programmes

Strauch, Rolf; Hallerberg, Mark; Hagen, Jürgen von - 2004

We analyse the performance of budgetary and growth forecasts of all stability and convergence programmes submitted by EU member states over the last decade. Differences emerge for the bias in budgetary projections across countries. As a second step we explore whether economic, political and...

Persistent link: https://www.econbiz.de/10009636530