Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find … spillovers from US tax legislation to have the smallest effects on Eurozone countries' real GDP and UK tax changes to exert the …

We quantify spillovers of inflation expectations between the United States (US) and Euro Area (EA) based on break …-even inflation (BEI) rates. In contrast to previous studies, we model US and EA BEI rates jointly in a structural vector … autoregressive (SVAR) model. The SVAR approach allows to identify US and EA specific inflation expectations shocks. By modeling the …

We investigate the drivers of the recent inflation in three currency areas: the United States, the euro area, and the … United Kingdom. To do so, we use a VAR set-up to examine the nature of the shocks that underpinned the recent inflation. We … shocks by solving the VAR backwards. We also use spatial modelling to investigate cross-country inflation spillovers. We find …

area liquidity. U.S. excess liquidity also enters consistently positive as a determinant of euro area inflation. There is …