Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

consumer confidence indicator (CCI) reported by the EU Commission for the euro area and individual member states. Different … and the entire euro area (20 percent). For Germany and France the gains seem to be lower, but are nevertheless substantial …