Marcellino, Massimiliano - C.E.P.R. Discussion Papers - 2002
Bank (ECB) are focusing more and more on the evolution of the EMU as a whole, rather than on single member countries. A …After the creation of the European Monetary Union (EMU), both the European Commission (EC) and the European Central …-varying models to aggregate EMU macroeconomic variables, and compare them with linear specifications. Since non-linear models often …