Growth and Cycle in the Eurozone

CONTENTS PART 1: BUSINESS CYCLE AND OFFICIAL STATISTICS Official Statistics for Business Cycle Analysis; G.L.Mazzi & G.Savio PART 2: MULTIVARIATE STATISTICAL METHODS AND RECENT ADVANCES IN BUSINESS CYCLE ANALYSIS Bayesian Inference on Dynamic Models with Latent Factors; M.Billio, R.Casarin & D.Sartore Output Fluctuations in G7 Countries: A Time-scale Decomposition Analysis; M.Crivellini, M.Gallegati, M.Gallegati & A.Palestrini Trend Estimation, Signal-noise Ratios and the Frequency of Observations; A.C.Harvey & T.M.Trimbur Bayes Estimates of the Cyclical Component in Twentieth Century US Gross Domestic Product; A.C.Harvey, T.M.Trimbur & H.K.van Dijk The Extent of Seasonal/Business Cycle Interactions in European Industrial Production; D.R.Osborn & A.Matas-Mir PART 3: SYNCHRONIZATION AND CONVERGENCE Interacting Two-country Business Fluctuations: Euroland and the USA; T.Asada, C.Chiarella, P.Flaschel & R.Franke How Does the Eurozone Respond to Shocks? A Common Trends and Common Cycles Analysis; R.Astolfi How Similar are European Business Cycles?; M.U.Bergman A Nonparametric Analysis of International Business Cycles; M.Bovi Measuring the Sources of Cyclical Fluctuations in the G7 Economies; M.Centoni, G.Cubadda & A.Hecq Synchronisation of National Business Cycles in Europe?; G.Flaig, J-E.Sturm & U.Woitek Modelling the Dynamic Convergence of Business Cycles; M.Lemoine The Economic Integration of Candidate Countries in the European Union: An Analysis with a Three-level Dynamic Factor Model; M.Marini European Business Cycle Affiliations with the USA; P.J.Perez, D.R.Osborn & M.Sensier VAR Modelling of the Euro-area GDP on the Basis of Principal Component Analysis; N.Sdrakas PART 4: COMPOSITE INDICATORS AND FORECASTING OF ECONOMIC ACTIVITY A Time-Series Disaggregated Model to Forecast GDP in the Eurozone; R.Minguez & A.Espasa Real-time Detection of the Business Cycle using SETAR Models; L.Ferrara & D.Guégan Business Survey Data: Do They Help in Forecasting GDP Growth?;J.Hansson, P.Jansson & M.Löf PART 5: TURNING POINTS DATING AND DETECTION Business Cycle Analysis with Multivariate Markov Switching Models; J.Anas, M.Billio, L.Ferrara & M.Lo Duca A Turning-Point Chronology for the Eurozone; J.Anas, L.Ferrara, M.Billio, M.Lo Duca Basic Characteristics of the Euro-area Business Cycle; A.Musso PART 6: OUTPUT GAP MEASUREMENT Stability Analysis in ARMA and Unobserved Component Models; J.Del Hoyo Bernat & J.L.Cenejas Bueno Simultaneous Determination of NAIRU, Output Gaps and Structural Budget Balances; G.Hjelm Density Estimates for Real-time Eurozone Output Gap Estimates; J.Mitchell Optimal Bandpass Filtering and the Reliability of Current Analysis; S.van Norden PART 7: MONETARY POLICY AND BUSINESS CYCLES Monetary and Fiscal Policy Transmission in the Euro-area: Evidence from a Structural VAR Analysis; B.van Aarle, H.Garretsen & N.Gobbin Business Cycle Fluctuations in the Euro-area; N.Cassola & C.Morana Measuring the 'Financing Gap' of European Corporations: An Update; F.Galizia The 'Savings Gap' of European Corporations: A First Look at the Available Data; F.Galizia with T.Steinberge r Explaining the Time-varying NAIRU in the Euro-area; C.Logeay & S.Tober Asymmetries and Credibility in Monetary Policy of Euro-area; K.Mouratidis