The yield curve is widely regarded as a powerful descriptor of the economy and market expectations. A common approach to its statistical representation relies on a small number of factors summarizing the curve, which can then be used to forecast real economic activity. We argue that optimal...

This paper analyzes convergence of per capita Gross Domestic Product (GDP) of Balkan NUTS3 regions to average GDP of the EU27. Employing stochastic and β-convergence approaches, we find strong evidence supporting convergence across the panel, indicating a robust catch-up trend of the Balkans...