The paper aims at analyzing the impact of the recent economic crisis on the real convergence with the Euro area for ten countries from Central and Eastern Europe that joined the European Union in 2004 and 2007. We use 2000, 2008 and 2010 as benchmark years for our study and GDP per capita at...

In this paper we assess the evolution of Romania’s economic convergence with the European Union (EU) and Euro area, during the period 2000-2010. In order to determine the number of years required to reach the EU and Euro area average, we employ an economic convergence index, made up of real...

This paper provides an updated picture of the degree of business cycles synchronization in the European Union, analyzing its evolution during 1999-2011. We use the Hodrick-Prescott filter to capture the relevant trends in the business cycles and the Pearson correlation coefficient to measure the...