This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR model. We find that a union aggregate systemic risk shock results in a sharp decline in output, with two thirds of the response to be attributed to cross-country spillovers. The...

This study uses the Progress in International Reading Literacy Study (PIRLS) data, the only cross-national data having measured educational achievement during the COVID-19 pandemic, to investigate educational achievement decline of fourth graders across 21 European countries between 2016 and...

This paper examines the impact of spillover effects of energy transition metals on the Chilean economy. With the increasing demand for metals like copper and lithium due to the growth in renewable energies and electromobility, metal abundant countries like Chile must ready themselves to remain...

This paper contributes to the literature on the Covid-19 effects on workers and labor markets by focusing on the experience of migrant key workers in EU countries. Our analysis, based on survey data on more than 3 million workers, explores three main aspects. First, we document the...

This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse...

This paper explores the long run relationship between public and private investment in the euro area in terms of capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While private and public capital stocks are cointegrated, the...