of the aggregate forecast of euro area and US inflation in some situations, but not in others …

In this paper, we study the dynamics and drivers of sovereign bond yields in euro area countries using a factor model … in individual euro area countries using a time-varying model. Using the reduced form results, we show decoupling of … periphery euro area bond yields from the core countries yields following the financial crisis and the scope of their subsequent …

-curve dynamics. We estimate it for the United States and the euro area using a Bayesian approach and jointly infer the real …

higher returns on an unhedged basis, in particular euro-denominated securities. The size of the effect is large, leading to a … government debt securities, mainly at the expenses of euro-denominated ones. Our results imply that deviations in pricing …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries.real effective exchange rates, including those of the individual euro area economies, and compares …