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This paper aims to apply the methodology of uni- and multivariate Structural Unobserved Components Time Series Models developed by Andrew Harvey to the study of European growth trends and cycles. The multivariate dimension enables to search similar or, more strongly, common components among...

This article estimates inobservable components models for studying the division of the zone euro GDP between trends and cycles, using quarterly data covering all the decades 1960 to 1990. Three approaches are confronted: they respectively identify the European cycles starting from the aggregate...

[eng] European Growth Disrupted by a Short Cycle . . How should we react when economic indicators convey conflicting signals, signs of an apparently troubled and hesitant economic situation, as in 1998? How should we interpret economic deviations between European countries? A cyclical analysis...