The paper tests for nonlinearities in the adjustment of the euro exchange rate towards purchasing power parity (PPP …). It presents new survey based evidence consistent with non-linear patterns in euro exchange rate dynamics. Moreover, based … reversion in euro exchange rates increases non-linearly with the magnitude of the PPP deviation. Accordingly, while the euro …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …

This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

This study develops a new monthly euro Area‐wide Leading Indicator (ALI) for the euro area business cycle. It derives … ahead and satisfactory predictors by up to 2 years ahead. A real‐time analysis for predicting the euro business cycle during …

This paper investigates the impact of exchange rate shocks on sectoral activity and prices in the euro area. Using a … main euro area sectors and on activity and producer prices in a large set of sub-sectors of industry (excluding … activity and prices. According to our results, among the main euro area sectors an exchange rate shock has the strongest impact …

This paper investigates the impact of exchange rate shocks on sectoral activity and prices in the euro area. Using a … main euro area sectors and on activity and producer prices in a large set of sub-sectors of industry (excluding … activity and prices. According to our results, among the main euro area sectors an exchange rate shock has the strongest impact …

economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … have a statistically but also an economically significant impact on the euro, and to a lesser extent the yen against the US … the appreciation of the euro against the US dollar in recent years. Interestingly, EME policy-makers appear to have become …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …