The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the … core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …-specific factors matter in some cases, demand patterns in these countries are largely driven by common determinants. Third …

dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes … ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove …

primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non … methodology to estimate these two channels of spillovers. We first propose an index of a firm's sensitivity to consumer demand …

rebalancing of domestic demand in China. …

-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has … a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks …

By constructing and estimating a structural arbitrage-free model of demand pressures on US real rates, we find that …

between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …