We seek to quantify the impact on euro area GDP of the European Economic Recovery Plan (EERP) enacted in response to … findings. We then show that the EERP, if implemented as initially enacted, had a sizeable, although short-lived impact on euro …

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that …

caused by euro area tax structures. Our analysis shows that lowering tax distortions to levels prevailing in the United … have positive spillovers to the euro area's trade partners, bolstering the case for tax reforms from a global perspective …

-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al …

-Keynesian DSGE model of the euro area featuring non-Ricardian households. Employing Bayesian inference methods, we show that the …

caused by euro area tax structures. Our analysis shows that lowering tax distortions to levels prevailing in the United … have positive spillovers to the euro area’s trade partners, bolstering the case for tax reforms from a global perspective …

provide a macroeconomic assessment of the observed change in the composition of public spending in the euro area in a medium …

. Our results show that given the current degree of openness of the US and euro area economies, the gains from monetary …

-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al …

In this paper, we utilise the multi-country version of the NAWM to analyse the impact of globalisation on euro area … output in emerging Asia and its impact on total factor productivity in the euro area, and a shift in international … emerging Asia on euro area total factor productivity. Additionally, we provide evidence that structural reforms in goods and …