prices, equity prices and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany …) than in Anglo-Saxon countries. This pattern is compatible with the view that continental Europe still suffers from …

countries predominantly from Europe as well as of the British pound and of the euro (first statistical moment). We show that …

The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which …

In light of the rising political and economic uncertainty in Europe, we aim to provide a basic understanding of the … shows a fairly consistently negative effect on the real economy in Europe. However, the implications of economic policy … uncertainty for Europe and the Euro area in particular are not so straightforward. It seems as if policy uncertainty raises …

risks of a premature versus a delayed exit are assessed. In particular, the paper looks at the risk associated to spillover …