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 …

Those of professional forecasters do. For a wide range of time series models for the euro area and its member states we … than univariate benchmarks but for the euro area the professional forecasters are more accurate, especially in recent years …

breaks in the performance of most simple Phillips curves. Euro area inflation was particularly hard to forecast in the run … extraordinarily long period by euro area standards. We complement the analysis using real-time data over 2005-2018. As lessons for …

This paper explores whether the transmission mechanism between wages and prices in the euro area is affected by the …