attention is given to national data by market analysts when they try to anticipate monetary policy moves. In this paper we use … the Generalized Dynamic Factor model to develop a set of core inflation indicators that, combining national data with area … whether in order to track ECB monetary policy decisions it is useful to take into account national information and not only …

limited attention from the academic literature analysing fiscal forecasting in Europe. Some recent literature suggests the … data with annual general government series (National Accounts). By doing so, we are able to maintain the focus on …

In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area …

We propose a new core inflation measure for the Euro area which places the emphasis on the more lasting, i …

This paper investigates whether comovements between euro area equity returns at national and industry level have … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of … on an industry breakdown suggests that the increase in national index comovements is mainly driven by financial …

imbalances, the United States and emerging Asia, using sign restrictions that are compatible with standard New Keynesian and Real …