changes in inventories. We then present evidence of the importance of cross border production chains for the economies of CEE … countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of … synchronization of the business cycles of CEE countries and their main trade partners from the euro area has increased in recent years …

In this paper we look at business cycles similarities between CEE countries and the euro area. Particularly, we uncover …

Central and Eastern European (CEE) countries and the euro area. We decompose output movements into the contributions of four … wedges. Our results indicate that business cycles in the CEE countries do differ from those observed in the euro area, even … importance of the intra- and intertemporal wedges, which account for a larger proportion of output fluctuations in the CEE region …