are many reasons behind this dislocation, since 2014 the divergence in monetary policy between the euro area and the … currency basis. The downward pressure on yields, exerted by the APP, has made euro assets less attractive and has led investors … corporate issuers to the euro market in search of cheaper funding costs. These cross-border flows from issuers and investors …

distinct convergence clubs, with the euro area and the United States respectively at their core. In line with the theoretical …

Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and … growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The … paper also proposes ready-to-use tools for cross-checking euro area wage growth forecasts based on wage Phillips curves …

the current unprecedented crisis on the euro area economy has given the debate new impetus. As a contribution to this …