We contribute to the empirical literature on the impact of shocks to bank capital in the euro area by estimating a … policy analysis, extended to include aggregate banking sector variables. We estimate two shocks affecting the euro area … that higher capital ratios pre-crisis would have helped dampening the euro area credit and business cycle. This suggests …

This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain …) and the euro area as a whole, while at the same time considering three main sectors (manufacturing, construction and …

The paper focuses on the estimation of the euro area output gap. We construct model-averaged measures of the output gap … models of GDP. We first estimate nine models of trend-cycle decomposition of euro area GDP, both univariate and multivariate … predictive power of the output gap for inflation in the euro area. We find evidence of changes in trend growth around the …

We implement a two-step approach to construct a financing conditions index (FCI) for the euro area and its four larger … worldwide and euro area specific financial events. Moreover, while the national FCIs are constructed independently, they display … a similar pattern across the larger euro area economies over most of the sample period and varied more widely since the …

Euro area GDP and components are nowcast and forecast one quarter ahead. Based on a dataset of 163 series comprising …

forecasting euro area manufacturing production. Following Boivin and Ng (2006), the emphasis is put on the role of dataset … euro area manufacturing production of external trade and surveys data of the three largest economies as well as two medium … forecasts for the euro area. Interesting, the medium-sized highly opened economies provide valuable information to monitor area …

ratio, lending policy and holding of securities. The model is estimated on a panel of listed euro area banks and country …

forecasting euro area manufacturing production. Following Boivin and Ng (2006), the emphasis is put on the role of dataset … euro area manufacturing production of external trade and surveys data of the three largest economies as well as two medium … forecasts for the euro area. Interesting, the medium-sized highly opened economies provide valuable information to monitor area …

Euro area GDP and components are nowcast and forecast one quarter ahead. Based on a dataset of 163 series comprising …

We estimate a FAVAR with Bayesian techniques in order to investigate the impact of loan supply conditions on euro area …