find that both models fit euro area data reasonably well. When considering France, Germany and Italy separately, however …In this paper we estimate a small model of the euro area to be used as a laboratory for evaluating the performance of …

price stability in the euro area during the recent financial crisis. Using a formal measure of the balance of risks, which …

This paper provides a detailed description of an extended version of the ECB's New Area-Wide Model (NAWM) of the euro … of bank lending rates and the gradual interest-rate pass-through in the transmission of monetary policy in the euro area …

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

-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al …

In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad …

caused by euro area tax structures. Our analysis shows that lowering tax distortions to levels prevailing in the United … have positive spillovers to the euro area’s trade partners, bolstering the case for tax reforms from a global perspective …

sample covers the period following the introduction of the euro and the out-of-sample performance of the NAWM is compared to … BVAR can outperform the NAWM. - Bayesian inference ; DSGE models ; euro area ; forecasting ; open-economy macroeconomics …