This paper studies the causes of price dispersion in the euro area emerging in response to a shock that hits all member … attributed to different degrees of price and wage rigidities in the member countries. -- pass-through ; oil price shock ; euro …

This paper evaluates short-term forecasts of real GDP in the Euro area derived from the CESifo Economic Climate …

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

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 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 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. …

paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …

conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … spending shocks. The model is further capable of replicating two financial market characteristics that are documented in the …