This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...

This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...

We show that a .scal expansion by the core economies of the euro area would have a large and positive impact on periphery GDP assuming that policy rates remain low for a prolonged period. Under our preferred model speci.cation, an expansion of core government spending equal to one percent of...

Comparative studies indicate that innovation activity in Poland is, in general, significantly below that of EU and in North-east it is below that of other parts of Poland. There is peripheral region with traditional structure of production and employment. The North-east remains one of the least...

Comparative studies indicate that innovation activity in Poland is, in general, significantly below that of EU and in North-east it is below that of other parts of Poland. There is peripheral region with traditional structure of production and employment. The North-east remains one of the least...

The article deals with the problem of West European and Nordic countries small economies as well as ultra-small autonomous territories of Alands and Faeroes island's development. The latter are considered as the <<competitive sub-peripheries> areas due to the special industrial organization development, stimulated by the...</<competitive>

Within the vast northern periphery of Quebec, the annual capital almost doubled over the 2000s. This impulse of a new cycle of growth coincides with a slowdown in job creation. Such effects on the mode of development is part of a multi-dimensional and transitional movement within global...

"Northern British Columbia has always played an important role in Canada's economy, but for many Canadians it also existed as an almost forgotten place: a vast territory where only a few roads and a ferry system connected small cities, towns, and villages to the outside world. Now, as the...

The southern European periphery suffered a severe setback in its catching-up process versus Western Europe after the financial crisis with GDP dropping by 10% between 2008 and 2012 and unemployment increasing to 20% for Greece, Portugal and Spain. We analyze first the reason for this setback,...

As the shock of the 2008 European financial crisis begins to subside, it is time for scholars to step back and analyze the crisis' causes and effects from a multidisciplinary vantage point. Europe in Crisis examines the current state of the European economy, society, and polity, both on the...