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The evolution of the convergence among the European countries, including both Eurozone as well as non-Eurozone …
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This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
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We analyze business cycle convergence in the EU by focusing on the decoupling vs. convergence hypothesis for central …
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This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced … income convergence for economic welfare and the importance of convergence for economic and monetary integration with, and … within the European Union. The paper establishes stylised facts of convergence, analyses the drivers of economic growth and …
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