volatility on correlations of regional growth cycles with the Euro area. We find that deeper trade integration with the Euro area … had a strong direct positive effect on the synchronisation of regional growth cycles with the Euro area. Industrial … European Union and the Euro Area. Using a panel data of 208 EU-15 regions over the period 1989-2002 we estimate a system of …

This paper shows that the EMU has not affected historical characteristics of member countries' business cycles and … similar business cycles since then and no significant change associated with the EMU can be detected. For the other countries …, volatility has been historically higher and this has not changed in the last ten years. We also find that the aggregate euro area …

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …

) to provide numerical evidence that news shocks increase the volatility of key macroeconomic variables in the euro area … when compared to unanticipated shocks. -- Anticipated shocks ; business cycles ; volatility …

) to provide numerical evidence that news shocks increase the volatility of key macroeconomic variables in the euro area … when compared to unanticipated shocks. -- Anticipated Shocks ; Business Cycles ; Volatility …

This paper analyses the determinants of inflation differentials and price levels across the euro area countries … euro area country is governed by the levels of GDP per capita. - Inflation differentials ; inflation persistence ; price …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings … cycles. Finally, we discuss the implications for the 2007/2009 financial and economic crisis. - Bank lending survey ; credit …

Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy …. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy … analysis of macroeconomic interdependence across regions belonging to the euro area and between euro area regions and the world …

economic activity in the euro area. In- and out-of-sample predictive content of corporate bond spreads are examined along three …

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …