The economy of the Republic of Moldova has entered, since 2009, an economic recession, which has become deep in the last period of 2019-2021. Previously, the Republic of Moldova was severely affected by the so-called "theft of the billion" from the three state-owned banks, which caused great...

The COVID-19 crisis has the potential to lead to long-term stagnation in the European Monetary Union (EMU). Especially the following challenges can be identified: a lack of labour market institutions can lead to nominal wage cuts and deflation; the lack of a strong fiscal centre can lead to an...

In this chapter, we propose a two-country, two-sector, New Keynesian model with essential and non-essential goods for the Euro Area to assess the macroeconomic consequences of a labor supply shock. Our model incorporates health status in the households’ maximization problem which depends on...