We estimate government spending multipliers in demand- and supply-driven recessions for the Euro Area. Multipliers in a …

convergence of inflation to target over the next two years. Monetary policy will thus need to remain restrictive to anchor …We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area …

convergence of inflation to target over the next two years. Monetary policy will thus need to remain restrictive to anchor …We document the importance of import prices and domestic profits as a counterpart to the recent increase in euro area …

a fuel tax in China.We estimate government spending multipliers in demand- and supply-driven recessions for the Euro … Area. Multipliers in a moderately demand-driven recession are 2-3 times larger than in a moderately supply-driven recession …

index, nevertheless, shows that cyclical convergence among euro area members is not a steady process as it tends to be …We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the … autoregression (VAR) model. We argue that the euro area is more appropriate through the lens of empirical OCA properties when the …