introduction of the Euro in 1999 are then examined introducing a dummy variable. Overall, it appears that post-1999 steady … determined endogenously, the adjustment is found to have taken place before the introduction of the Euro …

predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …

hypothesis. Evidence is found in the euro period of diverging patterns between the core and the peripheral EMU countries raising …

hypothesis. Evidence is found in the euro period of diverging patterns between the core and the peripheral EMU countries raising …

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. …

the euro area (Belgium, France, Germany, Greece, Ireland, Italy, Portugal and Spain) using daily data for the period 1994 …