In this work we propose the combination of P-splines with traditional spatial econometric models in such a way that it allows for their representation as a mixed model. The advantages of combining these models include: (i) dealing with complex non-linear and non-separable trends, (ii) estimating...

This paper deals with the recent evolution, perspectives and some policy considerations for the Euro-Zone on the basis of the analysis of inflation, GDP and Industrial Production in EMU. The analysis shows that the year on year rates of growth will recover form the third quarter of 2002 for GDP...