Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member … assesses the macroeconomic impact on the euro area of different uses of NGEU, using a large dynamic stochastic general … equilibrium (DSGE) model of the euro area and global economy (EAGLE) that has been adapted to reflect the modalities of the NGEU …

Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member … assesses the macroeconomic impact on the euro area of different uses of NGEU, using a large dynamic stochastic general … equilibrium (DSGE) model of the euro area and global economy (EAGLE) that has been adapted to reflect the modalities of the NGEU …

This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …

This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …

While the enlargement of the Euro area to new countries has reduced the average return correlation among member … members. We find that EMU core countries portfolio allocation has been significantly driven by diversification motives: they … investments in the Euro area after 2007, and points to the importance of diversification benefits …

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind …: has it changed after - and because of - EMU and, if so, is it becoming homogeneous across countries. Given the data … evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU. On the …

, including biomass in the bioeconomy. Already today, the bioeconomy has a significant share in the EU economy with traditionally … supply of biomass, to derive economic trends for the current transition phase, and to further develop the theoretical concept …

A key element of the European reform agenda is to simplify the EU fiscal governance framework by moving towards a …. This paper puts forward an in-depth analysis of two alternative fiscal performance indicators currently used in the EU … the EU fiscal governance framework has advantages over the change in the structural balance. However, it still has scope …