that, for the coin denominations €2, €1, 50 cent and 20 cent roughly the same quantity of euro coins migrate from Germany … Republic of Germany are not materially explained by exports of coins to other euro area countries. …Euro coins have a common European side and an individual national side. Thanks to coin migration, coins bearing a …

contend with new foreign competition after the introduction of the Euro. Panel data taken from a quarterly business survey in … in their expectations that the Euro will increase export activity and product innovation, but significantly more East … German firms expect new foreign competitors to enter the home market. The impact of the Euro on firms' expectations of …

Current HICP measurement practices produce an upward bias of about one-ninth of a percentage point in German inflation … the euro area HICP. The measurement of the German HICP is impaired by the extrapolation of expenditure weights, and the … likely to be relevant for the euro area HICP as well but cannot be quantified due to data constraints. Compilers might …

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the …-on-quarter GDP growth substantially, both in Germany and in the rest of the Euro Area. The main drivers of GDP growth in Europe … present-value multipliers for distinct fiscal instruments, and to assess how discretionary fiscal policy in Germany and the …

imbalances in the Euro Area. Our simulations within a two-country monetary union DSGE model show that, in terms of German GDP … only minor. Most importantly, the rest of the Euro Area benefited from positive spillover effects. Hence, our analysis … suggests that the reforms cannot be held responsible for the currently observed macroeconomic imbalances within the Euro Area …