, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices … through to all components of euro area inflation - producer prices, wages and core inflation, which has implications for … monetary policy. We finally document how the response of gas prices to shocks is non-linear and is significantly magnified in …

We present a methodology based on quarterly sectoral accounts to build a map of the euro area financial system. The map … inter-sectoral flows. We find that the euro area financial system was essentially bank-centric when it entered the global … substantially. In particular, investment funds are used by euro area economic agents to gain exposure to the rest of the world and …

Over the time, the Euro area proved to be an experimental region, an analytical model for the process of monetary …

part of a monetary union. The analysis is made in terms of the classical optimum currency areas theory, which represents … monetary policy. …

driven by the state of the business cycle, the monetary policy stance, or the level of government debt, and that the …We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so …

driven by the state of the business cycle, the monetary policy stance, orthe level of government debt, and that the …We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowthdifferential, the so …