sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence … transmission of shocks, as U.S. confidence indices lead consumer sentiment in the euro area …

This paper estimates the wealth effects on consumption in the euro area as a whole. I show that: (i) financial wealth …

housing wealth effects for the euro area. We use two macro-datasets for our estimations, one on the aggregate euro area for … the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact … of all wealth variables on euro area consumption is significant and positive in most specifications for both datasets …

the euro area. Our results support the hypothesis of Campbell and Cocco (2003) that the decision is best described as one …

We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … main findings are: (i) durables react faster and more strongly than nondurables after monetary shocks in the euro area and …

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 …

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in …'s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …