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 …

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

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

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 …

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

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 …

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

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings …