directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a …

derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy … in France and Germany; as far as Italy is concerned, forecasts are produced using a model that in the recent past proved …