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 …

The paper discusses some widely used methods for estimating output gaps based on aggregated datafor the Euro … methods commonly used have only limited information content for inflation forecasting in the Euro-zone. Conclusions for … die Euro-Zone. Obwohl die Methoden einige wichtige gemeinsame Eigenschaften aufweisen, zeigen auch sie erhebliche …

turning points in the Euro-zone using the Neftçi's approach. The output is a probability index for a forthcoming economic …

an unexpected job loss is stronger for workers who have worse perceptions of the local labour market, are older or have …

into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … labor market would alter the business cycle behaviour and the transmission of monetary policy. We find that while a lower …

This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the … broadly similar to those in the euro area countries. There is some evidence that in the NMS, which have had higher and more … volatile inflation, the Phillips curve is steeper than in the euro area countries. This finding is consistent with economic …