This paper focuses on a possible explanation for the weakness of the euro, namely the lack of transparency of the … analyze directly the impact of higher uncertainty on the euro-dollar exchange rate. The empirical findings are in line with … European interest rates, capital outflows, and a weaker euro vis-a-vis the U.S. dollar …

exchange rate models for the synthetic euro. Using the same data set, variable definitions and sample period offers the … ECB's small-sized euro area wide macro-economic model. In this order the approaches feature an increasing degree of … results confirm the high likelihood for the euro having been undervalued in Q4 2000, while stressing the significant empirical …

This paper applies the identified VAR methodology to synthetic euro area data from 1980 till 1998 to study the macro …-economic effects of an unexpected change in monetary policy in the euro area. The focus is on the area-wide monetary transmission. It … is shown that the overall macro-economic effects of a monetary policy shock in the euro area are very similar to those …