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 …

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 …

The paper focuses on the estimation of the euro area output gap. We construct model-averaged measures of the output gap … models of GDP. We first estimate nine models of trend-cycle decomposition of euro area GDP, both univariate and multivariate … predictive power of the output gap for inflation in the euro area. We find evidence of changes in trend growth around the …

ratio, lending policy and holding of securities. The model is estimated on a panel of listed euro area banks and country …

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 …

We contribute to the empirical literature on the impact of shocks to bank capital in the euro area by estimating a … policy analysis, extended to include aggregate banking sector variables. We estimate two shocks affecting the euro area … that higher capital ratios pre-crisis would have helped dampening the euro area credit and business cycle. This suggests …

We implement a two-step approach to construct a financing conditions index (FCI) for the euro area and its four larger … worldwide and euro area specific financial events. Moreover, while the national FCIs are constructed independently, they display … a similar pattern across the larger euro area economies over most of the sample period and varied more widely since the …

crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for …