cycles ; Euro ; Optimum Currency Area ; EMU ; Monetary Policy ; Exchange rate regime ; Cross-country spillovers …In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … able to replicate key features of the data prior to and under EMU. We find that the euro has a strong bearing on the …

We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … candidates from 1993/1995 to 2002.Supply and demand shocks are recovered from estimated structural VAR models of output growth …

The Euro area economy has been recovering modestly since 2008. However, the recoveries in the Euro area countries have …

the euro adoption. We start from identifying booms and busts in private consumption and investment in fourteen 'old' EU …

countries. The study is supplemented with wavelet analysis of variance and covariance of the euro zone business cycles. The … phase angle is illustrated with a scale-dependent examination of business cycle synchronization between 11 euro zone member … wavelet evidence on dating the Great Moderation in the euro zone …

euro area in terms of frequency content and phasing of cycles. The methodology uses the continuous wavelet transform (CWT …Using recent advances in time-varying spectral methods, this research analyses the growth cycles of the core of the … phasing between the three core members of the euro area (France, Germany and Italy) have increased since the launch of the …

We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … candidates from 1993/1995 to 2002. Supply and demand shocks are recovered from estimated structural VAR models of output growth …

This study develops a new monthly euro Area‐wide Leading Indicator (ALI) for the euro area business cycle. It derives … ahead and satisfactory predictors by up to 2 years ahead. A real‐time analysis for predicting the euro business cycle during …