different methodologies suggests that business cycles of accession countries have been less synchronised with the euro area than … have posted higher average growth and wider output fluctuations than the euro area and other EU countries. Second, a set of … than the euro area "peripherals" (Greece, Portugal and Ireland). Moreover, synchrony differed across countries. Some …

edition of the publication u0093Bond markets and long-term interest rates in non-euro area Member States of the European Union … this third edition has been extended to include all thirteen non-euro area EU member states and two accession countries …

the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business …-cycle features and examine the case for a common business cycle, asymmetries in the national cycles and, using a number of algorithms …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …

This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews … theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M …

This paper presents a parsimonious model for forecasting and analysing euro area house prices and their interrelations … with the macroeconomy. A quarterly vector error correction model is estimated over 1970-2009 using supply and demand forces … central to the determination of euro area house prices in equilibrium and their dynamics: housing investment, real disposable …

This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries … synchronised cycles in the national aggregates for most countries since the 1990s. There is an important role for income … city-level house prices in the four largest euro area economies compared with the US in conjunction with a lower estimated …

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind …