Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier …

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by … Germany (or, alternatively, Portugal) and the rest of the euro area. Our main results are as follows. First, there are … in seven years. Second, cross-country coordination of reforms would add extra benefits to each region in the euro area …

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 …

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 …

EAGLE, a large-scale multi-country dynamic general equilibrium model of the euro area. Social contributions paid by firms … Portugal. Third, the trade balance improves when the fiscal devaluation is enacted also in the rest of the euro area, albeit to …

We incorporate financial linkages in EAGLE, a New Keynesian multi-country dynamic general equilibrium model of the euro … EAGLE-FLI (Euro Area and Global Economy with Financial Linkages), banks collect deposits from domestic households and cross …

The euro area experience during the financial crisis highlighted the importance of financial and sovereign risk factors … with its cross-country heterogeneity within the euro area, focusing on Germany, France, Italy, Spain, and rest-of-euro area …. We construct three stylised macro-financial scenarios as a synopsis of the euro area financial crisis and argue that the …

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open …