In April 2007 UEFA's Executive Committee announced that the 2012 European Football Championship, commonly referred to as Euro 2012, will be hosted by Poland and Ukraine between 8 June and 1 July 2012. The UEFA's decision gave rise to expectations that the organization of such a prestigious...

We analyze unconditional within-country convergence from 1991 to 2009 in 21 European countries. Unlike most previous studies we focus on the heterogeneity of convergence. We find that convergence processes in currency unions are extremely heterogenous, highly discontinuous and strongly...

We use a novel disaggregate sectoral euro area data set with a regional breakdown to investigate price changes and suggest a new method to extract factors from over-lapping data blocks. This allows us to separately estimate aggregate, sectoral, country-specific and regional components of price...