the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising … country, sectoral and euro area-wide data allows us to better identify common monetary policy shocks in the euro area and … their effects on labor market outcomes. At the same time the FAVAR approach gives us estimates of how relative wages and …

This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs …, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which …, aggregate exports within the euro area increase between 2000 and 2002 by 15 to 25 percent compared with aggregate exports …

into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … labor market would alter the business cycle behavior and the transmission of monetary policy. We find that while a lower …

Developing Countries have been particularly worried by the single-market-program since the EC absorbs more than a third … market. With the exception of agricultural economies specialized on specific products, the net welfare effect of EC-1992 will …

correction model with quarterly data for the Euro Area is estimated to test whether the price gap has an impact on consumer price …