predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …

model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area … effects to the US and the euro area responses are much lower and decrease due to rising inflation pressure. The analysis also … euro area. …

The Greek government budget situation plays a central role in the debt crisis in the euro area. Strong consolidation …