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The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...
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This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
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This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced … income convergence for economic welfare and the importance of convergence for economic and monetary integration with, and … within the European Union. The paper establishes stylised facts of convergence, analyses the drivers of economic growth and …
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the successful convergence process of those countries, not least thanks to their integration into European and global …; promotion of regional cooperation in areas such as withholding tax, convergence of rules on accounting and stock exchanges in … activities; education and training programs for sectors where wage convergence has made most progress, including promotion of …
Persistent link: https://www.econbiz.de/10014555560
The aim of this paper is to investigate business cycle synchronization between seven candidate countries to the Euro Area (EA) - Bulgaria, Czech Republic, Croatia, Hungary, Poland, Romania and Sweden - and the Euro Area (EA-12/EA-19), France and Germany. The Hodrick-Prescott filter is used to...
Persistent link: https://www.econbiz.de/10013191264