the Standard and Poor's 500 index, euro-US dollar exchange rate, price of gold, and price of Brent crude oil on the … analyzed; the euro-US dollar exchange rate was the primary fnancial asset and explained 40.1% of the infuence. The results of …, using a quantitative event study approach over a fve-day window to analyse the impact of 188 monetary policy announcements …

shock identification, I find that monetary policy shocks of the US relative to the euro area account for 76 percent of the … US and euro area shocks separately reveals that both are important for the USD-EUR rate. Taken together, these findings … speak to the significance of (not only US) monetary policy in driving frictions in interest parity relations that have …

is in the making, which we hope will lead to a comprehensive quantitative knowledge of intra-EMU imbalances. The second … to external imbalances is striking. The third aim of the paper is to propose a more flexible monetary policy aimed at …

We analyze whether financial integration between countries leads to converging or diverging business cycles using a … periods of financial stress, pointing towards stronger business cycle synchronization. Dismantling GDP growth into value added …

We analyse whether financial integration between countries leads to converging or diverging business cycles using a … periods of financial stress, pointing towards stronger business cycle synchronisation. Dismantling GDP growth into value added …

This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member … countries, most notably Greece, have experienced desynchronisation of their business cycles with the EU12-wide cycle … that changes in the business cycle synchronisation correspond to major economic events that have taken place at a European …

Monetary policy for those Members whose currency is the Euro is one of European Union's few formally exclusive … monetary policy decision-making reflects the EU's nation-state structure. It tells us one side of the story about the balance … monetary policy is an exclusive competence of the EU in name only. At the very least, the position is more nuanced than the …