the Maltese economy. The model focuses on five broad macroeconomic shocks hitting the euro area; an aggregate demand shock … particular regard to the aggregate demand and financial stress shocks. Overall, shocks hitting the euro area are estimated to …

We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area …

within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union … (EMU), fiscal spillovers are relevant for the accurate assessment of the cyclical outlook in euro area countries, as well … as in the debates on a coordinated change in the euro area fiscal stance and on a euro area fiscal capacity. The paper …

We estimate a global vector autoregression model to examine the effects of euro area and US monetary policy stances …, together with the effect of euro area consumer prices, on economic activity and prices in non-euro EU countries using monthly … differs across countries, with Southeastern EU economies being less affected than their peers in Central Europe. Euro area …

underlying the capacity constraint theory (Macklem (1997)). The theoretical model motivates our empirical assessment for the euro …

Inflation in the euro area has been falling since mid-2013, turned negative at the end of 2014 and remained below …