The EUROFRAME - EFN Autumn 2006 Report

The Economic Assessment of the Euro Area: Forecasts and Policy Analysis
was released on September 28th, 2006. The report is available as pdf.

A Special Policy Issue: "Macroeconomic Differentials and Adjustment in the Euro Area: Stylised Facts and Policy Implications" is discussed in chapter 3 of the report.

Appendices are available as pdf files (see below).


Explaining Growth Divergences in the Euro Area: The Role of Residential Investment

Klaus-Jürgen Gern and Carsten-Patrick Meier

The Effect of House Prices on Growth

Ewald Walterskirchen

Euro Area Trade Linkages

Ville Kaitila

 The Role of Financial Markets’ Openness in the Transmission of Shocks in the Euro Area

Ali Al-Eyd, Ray Barrell and Dawn Holland

 A Model of the Stochastic Convergence between Euro Area Business Cycles

Matthieu Lemoine

Regional Growth Cycle Synchronisation with the Euro Area

Gabriele Trondl and Iulia Traistaru-Siedschlag

The Italian Economy since the Start of the European Monetary Union

Michele Burattoni, Monica Ferrari, Stefania Tomasini

Finland’s Experiences and Challenges in the Euro Zone

Markku Kotilainen

Disparities in the Euro Area: A Problem for European Economic Policy

Catherine Mathieu, Henri Sterdyniak, Ewald Walterskirchen