Artis, Michael J; Marcellino, Massimiliano; Proietti, … - C.E.P.R. Discussion Papers - 2003
In this Paper we compare alternative approaches for dating the euro area business cycle and analysing its … compute the probability of a phase change. Second, we apply the modified algorithm for dating both the classical euro area … repeat the dating exercise for the main euro area countries, evaluate the degree of synchronization, and compare the results …