that these needs differ a lot within the currency union. Stationarity tests investigate whether the differences in … member countries. On the one hand, (partially small) hints for convergence can be found for several countries. On the other …

We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland … with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with … instabilities and heterogeneity between the countries. Especially Poland has shown a high degree of convergence in recent years. But …

Evidence suggests that after a period of convergence in the early and mid-1990s, the euro area economies may have … monitoring intra-euro area developments, we present a "convergence barometer" to monitor divergences, and a Taylor rule based …

Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global … spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of …

constant returns to scale models. Convergence as well as divergence is possible, in general, depending on the assumptions about … conditions divergence, convergence or a stable centre-periphery structure emerge. The model allows for different degrees of …According to New Growth Theory one can not rely on the convergence mechanisms inherent in traditional neoclassical …