This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis … fiscal distress, and inquires how the regulation of banks' sovereign exposures in the euro area should be changed to mitigate … new regulatory framework of the euro-area "banking union" can be expected to mitigate excessive forbearance and facilitate …

price stability in the euro area during the recent financial crisis. Using a formal measure of the balance of risks, which …

In this paper we estimate a small model of the euro area to be used as a laboratory for evaluating the performance of … find that both models fit euro area data reasonably well. When considering France, Germany and Italy separately, however …

Against the difficult background of analysing aggregated data in this paper core inflation in the euro area is … misleading indicator for monetary policy in the euro area. We furthermore compare our core inflation measure to the wide …

in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find … conclude that money has fairly limited information content as an indicator of contemporaneous aggregate demand in the euro area. …

Since the second half of the nineties the euro area has been subject to a considerable accumulation of temporary and … idiosyncratic price shocks. Core inflation indicators for the euro area are thus of utmost interest. Based on euro area-wide data … and 2000/2001. Our results reinforce those achieved by Cristadoro, Forni, Reichlin and Versonese (2001) based on euro area …

In this paper we estimate a small model of the euro area to be used as a laboratory for evaluating the performance of … find that both models fit euro area data reasonably well. When considering France, Germany and Italy separately, however …

in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find … conclude that money has fairly limited information content as an indicator of contemporaneous aggregate demand in the euro area. …