This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …

assesses the macroeconomic impact on the euro area of different uses of NGEU, using a large dynamic stochastic general … equilibrium (DSGE) model of the euro area and global economy (EAGLE) that has been adapted to reflect the modalities of the NGEU …

Structural policies in the euro area are of great interest for the Eurosystem, particularly as they can support the … broad definition of structural policies, analysing not only the benefits of efficient labour, product and financial market … opportunities for enhanced structural policies in EU and euro area countries which can yield substantial gains by boosting long …

euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …