’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in …

domestic government debt in the euro area,thus strengthening or weakening the sovereign-bank nexus. To do so, we construct … theunsystematiccomponent of macroprudentialpolicy in panel vector autoregressive models for euro area “core" and “periphery"countries. Our main …

We assess the macroeconomic effects of the Eurosystem's asset purchases on the four largest euro area economies using … identification assumptions mainly on euro area aggregate financial variables and on country averages of output and price responses …

uncertainty shocks in the euro area and the US, paying particular attention to their effects on prices. While our results confirm …

that inflation dynamics differed considerably across Euro area countries before the start of EMU. Since 1999, however … theoretical predictions, we find that the persistence of inflation has significantly decreased in the Euro area probably as a …

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

We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has … options on the euro area harmonized index of consumer prices provides us with the full distribution of inflation expectations …

the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …

seemingly puzzling results for the euro area and provide evidence that they are due to central bank information effects. That is …

exposure of banks to the debt issued by the national government. Our results suggest that euro area crisis countries' banks …