put them in contrast to the cyclical performance of the new members of the EU and other OECD countries. We use the … during the end of the 80s and the beginning of the 90s. The new EU members have also experienced a strong pattern of …

We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … differences with respect to the EU and trade specialization within the EU framework. Our results show that both fiscal policy and … adequacy of potential future EMU countries and the need for a broad agreement concerning fiscal policy at the EU level. …

across EU regions using quantile regression. We propose using Bayesian Model Averaging (BMA) methods on the class of quantile …