The economic meltdown since 2008-9 has created disinflation, and even deflation in some countries in the Euro-area, in … a period with large debt overhang, creating the condition for a continuing financial market stress in the Euro-area. As … explore deflationary trends in Europe and employ a Global VAR (GVAR) model for a large euro area macro data set to estimate …

We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common … estimates of the euro effect on trade based on misalignment. This reveals asymmetric trade effects and heterogeneous outlooks … across countries for the costs and benefits from adopting the euro. -- Euro ; gravity model ; exchange rates ; purchasing …

Using the introduction of the euro as a natural experiment, we provide economy-wide evidence for money illusion based … effect between 2.4% and 7.6%. Compared to previous studies on money illusion in the course of the euro currency changeover …

Academic research and policy makers in the Euro area are currently concerned with the threat of debt deflation and … secular stagnation in Europe. Empirical evidence seems to suggest that secular stagnation and debt deflation in the Euro area … high financial stress. Then, a four dimensional multi-regime VAR is employed to an Euro area data set to support the …

We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our …-linearities and amplification mechanisms for some euro area countries. Thus, these strong amplification effects appear to be related …

particular financial stress in the euro area. A second aim is to construct summary indices on the conditions and level of stress … financial market conditions in the euro area, our results suggest that the data respond quite differently to fundamental shocks … financial sector in the euro area react fairly heterogonously to such shocks. We estimate several common factors and by means of …

We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study … euro area countries. Moreover, linearity cannot be rejected for all countries over some extensive time period questioning …

We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our …-linearities and amplification mechanisms for some euro area countries. Thus, these strong amplification effects appear to be related …