into the euro area. This paper addresses the question of whether a reduction of public deficits, such as imposed by the … Maastricht fiscal criteria, is a necessary or useful step on the road to the adoption of the euro. The question is addressed by …

euro area, and investigates their linkages in a VAR framework, also allowing for the possible impact of the policy regime … of the euro and resulting in lower long-run uncertainty. It also appears that the direction of causality has been … reversed, and that in the euro period the Friedman-Ball link is empirically supported, consistently with the idea that the ECB …

We model economic policy uncertainty (EPU) in the four largest euro area countries by applying machine learning …

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

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

We perform a robust estimation of the Phillips curve in the euro area using a battery of 630 theory-driven models. We …

In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area … consumer prices, thus solving the pass-through puzzle highlighted in the existing literature for the euro area …

validity of public accounts data to forecast government deficits in the euro area. We extend this literature on two fronts: (i …