Institutions and Economic Performance

Recent trends and facts...

• European Forecasting Network (2004), The Euro Area and the Lisbon Strategy, Autumn Report

• Eurosystem Staff macroeconomic projections for the euro area, June 2004, pdf.

• European Forecasting Network (2004), The Euro Area and the Acceeding Countries, Spring Report

Suggested explanations...

• Acemoglu, Daron, Simon Johnson and James Robinson (2004), Institutions as the fundamental cause of long-run Growth, NBER Working Paper, 10481.

• Alesina, Alberto and Roberto Perotti (2004), The European Union: A politically incorrect view, mimeo.

• Alesina, Alberto, Ignazio Angeloni and Ludger Schuknecht (2002), What does the Europen Union Do?, mimeo Harvard.

• Drew, Aaron, Mike Kennedy and Torsten Sløk (2004), Differences in the resilience between the Euro area and US economies, OECD ECO/WKP (2004)5.

Germany...

• Sinn, Hans-Werner (2003), The Laggard of Europe, CESifo special issue.

Growth back to top

• Sapir, Andre et al. (2003), An Agenda for A Growing Europe – Making the EU Economic System Deliver, mimeo.

Do Europeans work too little and if so why?

• Alesina, Alberto et al (2005), Work and leisure in the U.S. and Europe: Why so different?. NBER WP 11278

• Olivier, Blanchard (2004), The Economic Future of Europe, NBER WP 10310.

• Prescott, Edward (2003), Why do Americans work so much more than Europeans?, Federal Reserve Bank of Minneapolis, Staff Report 321.

• Boeri T.; Boersch-Supan A.; Tabellini G. , Pension Reforms and the Opinions of European Citizens, The American Economic Review, 1 May 2002, vol. 92, iss. 2, pp. 396-401(6)

Business Cycle back to top

• Artis M.J. and W. Zhang (1997), "International business cycles and the ERM: Is there a European business cycle?", International Journal of Finance and Economics, 2, 1-16.

• Artis M.J., H.-M. Krolzig and J. Toro (2004), "The European business cycle", Oxford Economic Papers, January.

• Artis, M.J., M.Marcellino and T.Proietti (2003) " Dating the Euro Area Business Cycle", CEPR Discussion Papers, No 3696.

• Artis, M.J. (2003) "Is there a European business cycle?", CES-ifo Working Papers, No 1053

• Wynne M.A. and J. Koo (2000), "Business cycles under Monetary Union: A comparison of the EU and the US", Economica, 67(267), 347-374.

• Giannone, D. and L. Reichlin (2005) "Trend and Cycles in the Euro Area: How Much Heterogeneity and should we worry about it?", What effects is the EMU having on the Euro area and its member countries? Conference organised by the ECB on 16-17 June 2005