It is often the case that the key stumbling block for policy formation is limited knowledge of the way the macroeconomy works. Along with the introduction of a common currency, the interest and need for business cycle analysis at the Euro area level has increased. For this reason, at the...

This paper compares the role of macroeconomic and sector-specific factors in price movements for China and India, taking into account the features unique to developing economies. We find that fluctuations in the aggregated prices in China are more persistent than the underlying disaggregated...