In the last years it seemed that the Romanian economy leading up to access to the EU was going to enter a new stage, evolving more and more in line with the standard theory. Based on more accurate statistical data for the last years, we try to verify some hypotheses used in the standard economic...

We contribute to the rather sparse literature on multivariate density forecasting by introducing a new framework for the out-of-sample evaluation of multivariate density forecast models which builds on the concept of “autocontours” proposed by González-Rivera, Senyuz, and Yoldas (2011)....

Convergence, both nominal and real, is occurring in the EU, especially for new members. Among the macroeconomic variables and correlations closely related to the convergence process are inflation, per capita GDP, the natural rate of unemployment and the inflation-unemployment relationship. This...