In a monetary union, national fiscal deficits are of limited help to counteract deep recessions; union-wide support is needed. A common euro-area budget (1) should provide a temporary but significant transfer of resources in case of large regional shocks, (2) would be an instrument to counteract...

This paper provides an overview of the empirical evidence concerning the potential gains from collaborative economy and the economic impact some of its business models on. It discusses how we can distinguish professional and nonprofessional services and provides a list of 9 tentative...

Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...

Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...

This paper provides an overview of the empirical evidence concerning the potential gains from collaborative economy and the economic impact some of its business models on. It discusses how we can distinguish professional and nonprofessional services and provides a list of 9 tentative...