that increasing euro area carbon taxes to an interim target level consistent with the transition to a net-zero economy …

In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad …

at the European Central Bank to examine the potential benefits and spillovers of reducing labour-market distortions … caused by euro area tax structures. Our analysis shows that lowering tax distortions to levels prevailing in the United … have positive spillovers to the euro area's trade partners, bolstering the case for tax reforms from a global perspective …

-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al …

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that …

price stability in the Euro area during the recent financial crisis. Using a formal measure of the balance of risks, which …

sample covers the period following the introduction of the euro and the out-of-sample performance of the NAWM is compared to …

We seek to quantify the impact on euro area GDP of the European Economic Recovery Plan (EERP) enacted in response to … findings. We then show that the EERP, if implemented as initially enacted, had a sizeable, although short-lived impact on euro …

This paper provides a detailed description of an extended version of the ECB’s New Area-Wide Model (NAWM) of the euro … lending rates and the gradual interest-rate pass-through in the transmission of monetary policy in the euro area, and (iii …

. Our results show that given the current degree of openness of the US and euro area economies, the gains from monetary …