We examine whether the introduction of the euro had a significantly positive impact on the synchronization of business … policy shocks in the euro area. Empirical evidence on this relationship is rare so far and su ers from methodical weaknesses … constructed on a year-by-year basis (1993-2011), we uncover a strong and robust empirical finding: the adoption of the euro has …

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and … actions taken (or not taken) by the European Central Bank (ECB) meaningfully impact markets large and small, and ripple with …

Central bank credit has expanded dramatically since the beginning of 2007 in some of the euro area member countries … present empirical evidence that is consistent with the view that national central banks in the euro area have indeed followed …

-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly …

This paper studies the monetary policy of the Federal Reserve (Fed) and the Bundesbank / European Central Bank (ECB … downward pressure on interest rates. For the ECB, the exchange rate to the dollar played a role in monetary policy decisions … until 2006. While I do not find evidence of asymmetric monetary policy with respect to the stock market, the ECB may be …

This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … public support for the euro. First, we find that a majority of respondents support the euro in nearly all 19 euro area member …

This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB … a sharp fall in trust in the ECB. The recent economic recovery has strengthened support for the euro as well as trust in … the ECB. We suggest that support for the euro as a medium of exchange was not strongly affected by the crisis, while trust …

unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate … that citizens in the EU, both within and outside the euro area, judge the euro and the ECB based on the economic … performance of the euro area. Thus, the best way to foster support for the euro and trust in the ECB is to pursue policies aimed …

to the euro area, where constraints have been deliberately created that limit public deficits and the supply of central … euro area is facing a deflationary tendency that may further erode the economic welfare of the region. …