Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital into the asset boundary of the national...

The economy of the Republic of Moldova has entered, since 2009, an economic recession, which has become deep in the last period of 2019-2021. Previously, the Republic of Moldova was severely affected by the so-called "theft of the billion" from the three state-owned banks, which caused great...