We identify the drivers of the movements in the euro-dollar exchange rate during the sovereign debt crisis. In … summer of 2012 played a major role in the euro's subsequent appreciation. OMT and the reform efforts undertaken by … governments at national and European level saw off the risk of a euro-area break up and prompted net capital inflows. We estimate …

in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the …The paper provides a systematic empirical analysis of the role of the housing market in the macroeconomy in the US and …, (ii) credit supply and (iii) housing demand shocks on the housing market and the broader economy. We find that …

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 …