If there is a high level of synchronization among euro zone country housing markets, the European Central Bank can … harder time setting policy. Given the importance of housing to the macroeconomy, such co-movement across euro zone countries … are the first to use endogenous break methods to explicitly test for whether the introduction of the euro has changed home …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the … EMU aggregate – except for Sweden. Instead, the business cycles in most of the other countries exhibit only a very weak …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the … EMU aggregate - except for Sweden. Instead, the business cycles in most of the other countries exhibit only a very weak …

application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we … response. To do so, we use a unifted modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …

strong and from which they receive grants during downturns can improve welfare in individual euro area countries. The fund …

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open …

responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that … expansionary demand shock and to an inflationary supply shock under the Taylor rule, asymmetric unemployment targeting, and average …