the COVID-19 pandemic on the auto sector and aggregate activity in Europe. Our results suggest that these labor supply … shocks would have a significant adverse impact on the major auto producers in Europe, with one-third of the decline in the …

, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results …, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …

This paper focuses on financial interlinkages within Europe and potential contagion channeled through these … regional contagion that could help identify the likely pressure points and capture potential spillover effects and propagation …

countries with the advanced Europe countries. The results show strong co-movements in output growth and interest rates but … weaker linkages bewteen inflation and real credit growth within Europe. While the euro area is the dominant source of … small but notable impact of CESEE countries on the rest of the Europe …

Wage rises have remained stubbornly low in advanced Europe in recent years, but, at the same time, newer EU members are … advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying … greater inertia in nominal wage rises in advanced Europe. In the years after the global crisis, this inertia contributed to …

This paper investigates the microeconomic origins of aggregate economic fluctuations in Europe. It examines the …