This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in … some neighboring countries. The analysis is based on recent data and each Eurozone member country is compared with an … aggregate series corresponding to an area made up of the entire Eurozone minus the country being compared. The results of the …

hypothesis. Evidence is found in the euro period of diverging patterns between the core and the peripheral EMU countries raising …

VAR is estimated for 26 countries, the euro area being treated as a single economy. This paper proposes two important … the monetary policy shocks, and consider the time profiles of their effects on the euro area. To this end we include the … policy shock, we also consider oil price, US equity and US real output shocks …

studies. We apply the new measures to the euro area. Synchronicity and co-movement for the region as a whole do not exhibit a … clear upward tendency. Although several countries saw the similarity of their business cycle vis-a-vis the euro area …

We analyze the similarities and the differences in the fragility of the European Monetary system (EMS) and the Eurozone … foreign exchange markets while in the Eurozone it was the absence of a lender of last resort in the long-term government bond … Eurozone the roles were reversed. The national central banks that became part of the Eurosystem were strengthened. This came at …

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …

In the wake of the euro area crisis, the debate on instruments to deepen economic integration among its members has …

inflation rates between Member States do not necessarily have to be an equilibrium phenomenon, even if the original shock comes …

strengthening Euro on exports and on overall order volume unclear. To quantify the impact of the EUR/USD real exchange rate on … findings indicate that an appreciating Euro hampers exports in the German and French core sectors, but does not cause these …