This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two …-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro area … countries (i.e. Germany, France, Italy, and Spain), with particular attention to the calibration of cross-country financial and …

application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we … response. To do so, we use a unifted modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …

bank purchases of long-term debt (QE) at the lower bound are ineffective. If the portfolio balance channel is active, QE … degree of financial integration, funded by private capital imports or through the central bank balance sheet channel …

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open …

responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that …

conditions: the euro area. We find that when monetary conditions tighten (loosen), from the point of view of an individual …