This paper uses Growth Accounting and Production Function Analysis to decompose the factors behind differences in growth between the UK, France and Germany between 1992 and 2005. Most of the growth differential between the United Kingdom, Germany and France since 1993 can be explained by...

This paper investigates the impact of financial liberalization, international capital flows, cross-border banking, as well as of monetary policy and equity prices on common economic growth. Since 1995, the largest part of real GDP growth in EU countries, Canada and the United-States has been...

[eng] This paper analyses the causes of unemployment, in the long and in the short-run, in France and the United-States. Our empirical strategy consists of testing for short-run causality and for cointegration. The cointegration analysis seeks to establish whether there exists a common long-run...

We investigate the key factors underlying business cycle synchronisation in the euro area applying the extreme-bounds analysis. We examine both traditional determinants and new, EMU-specific policy and structural indicators over the past 25 years. Our evidence seems to support the endogeneity...