We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over …, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over …, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over … the crisis state, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental …

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro … intermediation turns an otherwise diversifiable source of idiosyncratic economic uncertainty, the 'risk shock', into a systemic force …

estimated using a Bayesian framework and data for the United States and the euro area. The main result is that cost channel …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries.real effective exchange rates, including those of the individual euro area economies, and compares …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …