whether monetary policy convergence in the euro area led to a convergence in terms of exchange rate pass-through. We conduct a … comparative study between the “experiment group” (the euro area) and the “control group” (non-euro industrial countries). We find … evidence for stronger convergence of exchange rate pass-through for the euro area economies as a group, especially around the …

-term fluctuations in the euro area have become more strongly correlated with financial variables like credit and house prices, and less …

euro area government bond yields. We distinguish between the direct effects of domestic bond purchases by national central … banks and the indirect effects from bond purchases by national central banks in other euro area countries over the period … March 2015 - December 2018. The results reveal substantial spillover effects across the euro area, providing evidence for …