Turmoil in euro area once more forces EU authorities to rethink future of further monetary integration. One of the most commonly used criterions for successful monetary in contemporary research is business cycle synchronization (BCS). Though BCS has been vastly described at country level, not as...

Why is there a negative correlation between business cycles in Jordan and the EU15? This paper explores the hypothesis that TFP increases in Europe spill over to Jordan only if embodied in FDI, but that European TFP growth negatively affects the Jordanian economy through higher world interest...