the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential …

We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …

Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence … potential way to address such imbalances is through a fiscal devaluation. We use a DSGE model calibrated to the euro area to …

DSGE model of a monetary union with a complex labour market structure and a comprehensive public sector, we evaluate the …

economy in which loans priced at par dominate in banks' balance sheets - as a reflection of the euro area's structure - the …