This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by … relevant for the euro area. This suggests that the participation in monetary union might entail an additional risk for its …

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … decades in the euro area and the US. Ongoing business cycle convergence often detected in a country data is not confirmed at … the regional level. The degree of synchronization across the euro area is similar to that to be found for the US states …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …