Greece, Ireland, Portugal and Spain can be defined as Eurozone periphery countries due to their specifics being rooted in policy systems and lagging behind in economic performance when compared with EU-15 countries. The objective of this paper is to provide an initial exploration of the similar...

The paper deals with assessing the common trends in business cycle similarity and convergence in Europe. The main goal of the paper is to identify common cyclical co-movements and trends in convergence among the European countries so that the emerging European business cycle could be identified....