. Evidence accumulated since 2003 suggests that nominal rigidities remain a prevalent feature of the euro area, with some … strong argument for a positive inflation buffer to “grease the wheels” of the euro area economy – also in order to avoid the … binding and particularly when productivity growth is low. Inflation differentials across euro area countries have tended to be …

From 2013 up to the launch of the ECB’s strategy review in January 2020, inflation in the euro area was low and over …-term inflation expectations, in combination with monetary policy in the euro area being constrained by the effective lower bound … decades, but were in themselves not the main drivers of low inflation in the euro area from 2013 to 2019. However, as they …

Despite notable improvements in the labour market since 2013, wage growth in the euro area was subdued and … growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The … paper also proposes ready-to-use tools for cross-checking euro area wage growth forecasts based on wage Phillips curves …

The studies summarised in this paper focus on the economic implications of euro area firms’ participation in global … affected by international production sharing. The core conclusion is that GVC participation has major implications for the euro … the euro area, taking due account of data availability and constraints. …

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

to the fiscal situation or the behaviour of financial market participants calls for the monitoring of financial flows and …

first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both … sequence of financial reforms has improved the sector's ability to deal with major macro-financial shocks at the EU/euro area …