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 …

This paper analyses euro area non-financial corporations (NFC) money demand, both from a macro and a microeconomic …

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 …

unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit …) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …

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 …

Euro area sovereign debt crisis …