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 …

characteristics? Based on a common source of balance sheet data for the four largest economies of the euro area over the period 1999 …

We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area …

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …

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 …

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 …

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro …

) as well as the special ad-hoc questions on the LTROs conducted in mid-February 2012. We estimate a panel-VAR for the euro …

policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR …

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 …