This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime … of the euro and resulting in lower long-run uncertainty. It also appears that the direction of causality has been … reversed, and that in the euro period the Friedman-Ball link is empirically supported, consistently with the idea that the ECB …

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 …

Euro area sovereign debt crisis …

in the euro area. Overall, we find strong variation in the information content of these variables over time. We show that …