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 …

estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate …. We find evidence for two distinct states in both regions. For the euro area, we find a regime which is correlated to the …

A small labour market model for the six largest euro area countries (Germany, France, Italy, Spain, the Netherlands … a policy experiment with the objective of investigating whether euro area countries differ in the labour market …

in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the …The paper provides a systematic empirical analysis of the role of the housing market in the macroeconomy in the US and …, (ii) credit supply and (iii) housing demand shocks on the housing market and the broader economy. We find that …

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 …

) as well as the special ad-hoc questions on the LTROs conducted in mid-February 2012. We estimate a panel-VAR for the euro …

Euro area sovereign debt crisis …