In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …

the determination of inflation and output in the euro area and the existence of a non-vertical long-run Phillips curve … complements an investigation of the consequences of the zerointerest- rate bound for monetary policy-making in the euro area, the …

Using euro-area data, we re-examine the empirical success of New Keynesian Phillips Curves (NKPCs). The nature of our … of the euro-area NKPCs are robust, provide reasonable estimates for fixed-price durations and discount rates and embody …

are either equal to zero, or very low, in all countries. Analogous results hold for the Euro areaand for France, Germany …

This paper estimates a hybrid New Keynesian model on euro area data and evaluates the performance of different simple … is found to be mainly forward-looking in the euro area, which implies the optimal policy reaction to cost push shocks is …