This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs …, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which …, aggregate exports within the euro area increase between 2000 and 2002 by 15 to 25 percent compared with aggregate exports …

the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising … country, sectoral and euro area-wide data allows us to better identify common monetary policy shocks in the euro area and …

analyzed in combination with the situation in the rest of the euro area. To take this into account, a small macroeconometric … model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest … monetary policy or of exchange rate changes on economic activity in Germany and the euro area. …

The paper presents an estimation of Euroland's foreign trade with the rest of the world based on the exports and … - using an error correction model. The estimation results are used to forecast Euroland's exports in 1998 and 1999. …

maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in … centrifugal forces become that ultimately might break up the single currency. Instead of a fiscal union, a euro …

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …

correction model with quarterly data for the Euro Area is estimated to test whether the price gap has an impact on consumer price …