sector, four sub-sectors and twelve service sector branches. Recently, both Europe and the US have experienced an increase in … the growth of service jobs in Europe relative to the US persists. Understanding the main factors behind this gap is key to … achieving higher employment levels in Europe. This paper focuses on the role of barriers in the EU-15 which may have hindered …

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and …, date business-cycle turning points. Despite a high degree of trade and financial linkages, the cyclical features of US …

consumption and investment growth up to 4 quarters ahead in the US and the euro area. Our findings are that the predictive content …

Indices (PMI) in anticipating US real economic activity. We conduct a fully-fledged real-time out-ofsample forecasting … exercise linking these surveys to US GDP and industrial production growth over a long sample period. We find that both …

within types of economies, with Europe being more adversely affected by the fall in risk appetite than other advanced …