This paper investigates the use of error correction models to estimate coincident GDP quarterly growth rates. We have carried out this investigation, for the euro area and the five main countries (Germany, France, Italy, Spain, and the Netherlands). We have found no cointegration relation for...

This book discusses recent developments in theoretical and empirical business cycle analysis, identifying possible applications of sophisticated tools by private and public institutions involved in the analysis of economic fluctuations and facilitating interaction between academics, researchers...