between housing cycles among the four major euro area countries (Germany, France, Italy and Spain) over the sample 1980Q1 …

prices series for four main euro area countries (Germany, France, Italy and Spain). Empirical results show a strong … relationship for business cycles in France, Italy and Spain. Moreover, French and Spanish house prices cycles appear to be strongly … only in Spain and Germany …

behavior for France, Italy, and Spain, while monetary policy in Germany seems to be stable over time. -- DSGE ; EMU ; monetary … properties of each single parameter in a DSGE model separately. In the case of France, Germany, and Italy our results point to … structural breaks after the beginning of the second stage of EMU in the mid-nineties, while the estimates for Spain show a …

phasing between the three core members of the euro area (France, Germany and Italy) have increased since the launch of the …

whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the … Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample …

significant inertial (backward looking) behavior in inflation in four of them, while inflation in Germany has a dominant forward …