This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by … relevant for the euro area. This suggests that the participation in monetary union might entail an additional risk for its …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

Euro area countries and Japan are confronted with similar challenges. Potential output is on a falling trend in the … euro area, and the decrease started well before the financial crisis. In Japan, low output growth is a striking feature … economies can be traced to a weak evolution of TFP. Weak capital deepening is detected especially in the euro area. Driven by …

This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis …

, this paper re-investigates the stability properties of M3 demand in the euro area in the light of the recent economic …