autarchic (i.e. fundamental) FX returns. The model is calibrated and tested on the Czech koruna/euro exchange rate in a setting … with seven Czech and euro area asset returns. …

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

have posted higher average growth and wider output fluctuations than the euro area and other EU countries. Second, a set of … different methodologies suggests that business cycles of accession countries have been less synchronised with the euro area than … than the euro area "peripherals" (Greece, Portugal and Ireland). Moreover, synchrony differed across countries. Some …

the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The … output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts …

This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews … theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M …

States, as a pioneer country, and the United Kingdom and the euro area, as later adopting countries. Estimated diffusion …