This paper is an event study focusing on the global effects of the euro debt crisis in 2010-2013. After identifying 18 … advanced and 13 emerging countries. The main effect of euro debt crisis events is a rise in global risk aversion accompanied by …

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in …'s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …

the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …

of the monetary union, have on the rest of the world. Disentangling euro area stress shocks and global risk aversion …) model with financial variables. We find that the effects of euro area stress shocks are significant not only for the euro … area but also for the rest of the world. Notably, an increase in euro area stress entails a slowdown of economic activity …

This paper estimates a hybrid New Keynesian model on euro area data and evaluates the performance of different simple … is found to be mainly forward-looking in the euro area, which implies the optimal policy reaction to cost push shocks is …

This paper provides a comprehensive analysis of the functional form of the euro area Phillips curve over the past three …

We test whether two key elements of the EU and Euro Area economic governance framework, the Stability and Growth Pact …

In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking … at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 …

theoretical IS curve. We test whether or not monetary assets and consumption are additively separable for the euro area using …

in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the … clearcut for housing demand shocks. We also find that credit supply shocks matter more in the euro area …