This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

market participants. The model relies on a two states Markov switching framework: a bull state and a bear state. In the bull … leading to a depreciation of the domestic currency. Results show that market switches between a bull state and a bear state … explain the dynamics of the euro/dollar exchange rate between January 1995 and December 2008. Besides, the model highlights …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a …

This empirical study investigates if people's concerns about the euro currency affect their life satisfaction. A … using the intensity of media coverage on the euro crisis with its extraordinary events throughout the year 2011 as an … about the euro on people's satisfaction with life. The first potential explanation is that perceived economic insecurity …