Slovakia, Malta, Cyprus and
Slovenia can be seen getting their fiscal houses in order...financial shock to one member—the monetary authority may have to
intervene in...
Dissimilar cycles might require country-specific policies in
order to cope with...Both measures are shown as moving averages over the
last 40 quarters in...
the tb trend line until 2003, when they diverge
Series means are adjusted in order...domestic price level (CPI)
rer increase=appreciation
Johansen’s approach used in...
