, called the NATREX. The fundamentals are primarily social consumption/GDP, which is generally driven by fiscal policy, and the … productivity of the economy. Trends in social consumption/GDP, and in fiscal policy, reflected political regime changes in France …

We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU …

We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland … with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with … instabilities and heterogeneity between the countries. Especially Poland has shown a high degree of convergence in recent years. But …

In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies … consumption shocks are usually followed by monetary policy tightening in developing economies with flexible regimes. Our … hand, we find that government consumption shocks have better multipliers in developing economies during fixed regimes …

In this paper we estimate the effect of government consumption shocks on GDP using a panel of 21 developing economies … consumption shocks are usually followed by monetary policy tightening in developing economies with flexible regimes. Our … hand, we find that government consumption shocks imply higher multipliers in developing economies during fixed regimes …

to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …

We empirically assess whether a usually expected negative response of private consumption and private investment to a … HP-based; and iii) the Hamilton (2018)-based. We find that: i) increases in government consumption have a Keynesian … effect on real per capita private consumption; ii) there is a positive effect of tax increases on private consumption when …