We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption,...

This paper assesses the role of the housing market in the transmission of conventional and unconventional monetary policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR analysis shows that monetary policy propagates...

The chapter contributes to the analysis of the process of human rights and social cohesion erosion set in motion by austerity programmes in the Eurozone and to enquire about how this experience influences the current debate on the Eurozone governance reform in the context of COVID-19 crisis. The...