We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …

) model for the United States (US) and the euro area (EA). The main features of the new open economy macro-economics (NOEM …

We use a unique dataset of ratings for euro area corporate loans from commercial banks’ internal rating-based (IRBs …

(2012) estimated on euro area data. It investigates to what extent forecasts of inflation, GDP growth and unemployment by …

global output gap (the quot;global output gap hypothesisquot;) holds for the euro area. The empirical analysis uses quarterly … power for domestic consumer price inflation in the euro area. Based on these findings, the prescription that central banks … should specifically react to developments in global output gaps does not seem to be justified for the euro area …

This paper investigates possible non-linearities in the dynamics of the euro area demand for the narrow aggregate M1. A …

We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …

We evaluate the ECB's monetary policy strategy against the underlying economic structure of the euro area economy, in …