This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …

. New descriptive evidence provided in this paper suggests that euro-area countries have made relatively good progress in … in five specific areas of labour and product market policies. Based on pooled cross-country/time series Probit …

States and the euro area. To sharpen our estimation, we include in the information set macro data and survey data on … inflation premia differs between the US and the euro area. Long term inflation premia are countercyclical in the euro area …

the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising … country, sectoral and euro area-wide data allows us to better identify common monetary policy shocks in the euro area and … their effects on labor market outcomes. At the same time the FAVAR approach gives us estimates of how relative wages and …

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro … across the board. In particular we find euro area inflation persistence to be broadly in line with US inflation persistence …

sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence … transmission of shocks, as U.S. confidence indices lead consumer sentiment in the euro area …

Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public …, we focus on 12 euro area countries for the period 1990-2010, therefore adding to the current discussion on debt … sustainability in the euro area. Our empirical results suggest that the shortrun impact of debt on GDP growth is positive and highly …

In this paper we look at business cycles similarities between CEE countries and the euro area. Particularly, we uncover …-in (GDP-to-inflation) and cross-country (CEECs vs. euro area) levels. Allowing for different degrees of cyclical similarity … Latvia and the euro area being at the boundary). Looking at cross-country results, almost all countries feature a fair degree …