Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short …

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 …

We seek to quantify the impact on euro area GDP of the European Economic Recovery Plan (EERP) enacted in response to … findings. We then show that the EERP, if implemented as initially enacted, had a sizeable, although short-lived impact on euro …

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that …

The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The …

the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …

caused by euro area tax structures. Our analysis shows that lowering tax distortions to levels prevailing in the United … have positive spillovers to the euro area's trade partners, bolstering the case for tax reforms from a global perspective …

In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad …

-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al …

sample covers the period following the introduction of the euro and the out-of-sample performance of the NAWM is compared to …