indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 … ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …

the economy. We show that if (i) a significant share of the debt is denominated in foreign currency-creating a currency … tilts the debt profile towards short term debt, thereby increasing the volatility of output. Taking the model implications …

, France, Germany, Japan, Netherlands, Sweden, and UK); improvements of the primary balance after past worsening in debt ratios … for Australia, Belgium, Germany, Ireland, Netherlands and the UK; Granger causality from government debt to the primary …

This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries … positive response of labour taxation to changes in the general government debt and interest expenditure-to-GDP ratios. The …

money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the … theoretical IS curve. We test whether or not monetary assets and consumption are additively separable for the euro area using … sample period back to the 1980s, a period characterised by higher volatility in inflation and money growth. JEL …