developments in the euro area since the adoption of the euro in 1999, going through four cyclical phases "conditioning" ECB …

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 fiscal consolidation measures adopted in many euro area countries over 2010-13 reduced excessive domestic fiscal …-based simulations for the euro area with a view to gauge the cross-country impact of the fiscal measures adopted over 2010-13. The paper …-border fiscal spillovers in the euro area. However, once the analysis takes into account the remaining channels (e.g. monetary …

The paper presents a model-based assessment of fiscal multipliers operating in the euro area during the period 2011 …

This paper develops composite indicators of financial integration within the euro area for both price-based and … in per capita real GDP growth in euro area countries. This correlation is found to be stronger the higher a country …

In this paper we propose a composite indicator that measures multidimensional sovereign bond market stress in the euro … area as a whole and in individual euro area member states. It integrates measures of credit risk, volatility and liquidity … eleven euro area member states and also present four options of a SovCISS for the entire monetary union. In addition, we …

differentials across the 19 euro area countries over the period 1999-2019. The results confirm existing (older) literature that it …