Using real time data from the OECD and fiscal policy reaction functions, this study explores euro area fiscal policies … suggest that during the time of monetary union (EMU) euro area planned fiscal policies have been long-term oriented and … alleviate the negative impacts of the crisis on euro area economies …

This paper studies the formation of inflation expectations in the euro area. We first analyse the forecast accuracy of … times have contributed to changes in expectations' formation in the euro area, as the importance of backward …

This paper examines euro area inflation dynamics by estimating open economy New Keynesian Phillips curves based on the … closed economy New Keynesian Phillips curve, euro area inflation dynamics are better captured by the open economy … of the New Keynesian Phillips curve is needed in order to capture the euro area inflation process properly. We also …