At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro … determinants of the real euro-dollar exchange rate: the international real interest rate differential, relative prices in the …

but also to adopt the euro at an early date. This is justified by the effort to avoid the danger of financial instability … in the period prior to euro-introduction. However, by trying to avoid this danger, the CEECCs, at least the (economically … wollen. Dies wird damit begründet, dass so die Gefahr finanzieller Instabilität in der Zeit vor der Euro …

the euro and especially during the financial turbulence of the past years. We find that, besides exchange rate volatility …

assess the model’s ability to match the behavior of actual inflation. In accordance to the literature, the model fits Euro …

This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a …

euro-area economies, in particular to those with relatively high inflation rates. Using three simple measures of …

This paper addresses the relative importance of monetary indicators for forecasting inflation in the euro area in a … estimation of inclusion probabilities of a particular variable, that is the probability of that variable being in the forecast … empirical question whether the group of monetary variables is relevant for forecasting euro area inflation. In our application …

This paper seeks to assess comovements and heterogeneity in the euro area by fitting a nonstationary dynamic factor … model (Bai and Ng, 2004), augmented with a structural factor setup (Forni and Reichlin, 1998), to a large set of euro … countries in more detail, we identify five structural common shocks, namely two euro-area supply shocks, one euro-area demand …

This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and …