This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries.real effective exchange rates, including those of the individual euro area economies, and compares …

introduction of the euro. Using data for bond yield spreads relative to an appropriate benchmark, for the period 1991-2005, we find … the introduction of the euro and are more likely to be interpreted as liquidity premiums. We also estimate empirical …

We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging … the original euro area countries covering the period between 1990Q1 and 2016Q4. Using the Weighted-Average Least Squares … for all countries in the sample. An improvement in competitiveness matters for growth in the overall euro area in the long …

that increasing euro area carbon taxes to an interim target level consistent with the transition to a net-zero economy …

gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … firms in the new EU countries. When there is no foreign ownership in the new EU countries, the euro area is indifferent …

deficits. When calibrated to euro area quarterly data, the model predicts that fiscal expansions generate a tradeoff in output …

the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …