In this paper, we provide empirical evidence for some European countries, over the period 1963-2000, on whether business cycle affects convergence process or catching-up. To do so, we first evaluate beta-convergence. We find evidence in favour of this type of convergence for six countries...

This paper studies the pass-through of exchange rate changes into the prices of imports that originated inside the euro area made by some New Member States (NMSs) of the European Union and one candidate country (Turkey). I use data on import unit values for nine different product categories and...

In this paper we estimate a standard version of the New Keynesian Monetary (NKM) model augmented with term structure in order to analyze two issues. First, we analyze the effect of introducing an explicit term structure channel in the NKM model on the estimated parameter values of the model,...

The authors apply two complementary empirical criteria to eight new member states (NMSs) of the European Union to assess how ready they are to adopt the euro. As a first step, they recover demand and supply shocks and calculate the social losses implied by the two relevant exchange rate regimes:...

Published as article in: Journal of Economic Dynamics and Control (2008), 32(May), pp. 1466-1488.

This paper studies the degree of exchange rate pass-through to the prices of imports in eleven new member states (NMSs) of the European Union and one candidate country, Turkey, analyzing some of its structural determinants. This analysis is based on a vector autoregressive (VAR) model that...

In this paper, the role of certain determinant factors of tax morale in Spain will be analyzed through information provided by the Survey into Tax Morale in Spain, which had a remit that covered the entirety of the national territory. To this end, discrete choice models have been employed, and a...