dynamics of output, sovereign debt and financial stress in some euro area and other industrialized countries. …

dynamics of output, sovereign debt and financial stress in some euro area and other industrialized countries …

We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our …-linearities and amplification mechanisms for some euro area countries. Thus, these strong amplification effects appear to be related …

We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study … euro area countries. Moreover, linearity cannot be rejected for all countries over some extensive time period questioning …

We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our …-linearities and amplification mechanisms for some euro area countries. Thus, these strong amplification effects appear to be related …

Using parametric and non-parametric estimation techniques, we analyze the sustainability of the recently growing … current account imbalances in the euro area and test whether the European Monetary Union has aggravated these imbalances. Two …, respectively. Variants of both test procedures with varying coefficients using penalized splines estimation are applied. We find …