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 …, the paper applies a newly developed methodology based on infinite VAR theory featuring a dominant unit to a large set of …

This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …

This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail … rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on … all euro retail rates in euroised countries of central, eastern and south-eastern Europe (CESEE) are linked to the euro …

This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June …

the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …

EAGLE, a large-scale multi-country dynamic general equilibrium model of the euro area. Social contributions paid by firms … Portugal. Third, the trade balance improves when the fiscal devaluation is enacted also in the rest of the euro area, albeit to …

This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries inflation into … quarters of the past six years, especially in turning point periods. Our main results indicate that headline inflation in euro … comovement across euro area countries …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

This paper presents first the estimation of a two-country DSGE model for the euro area and the rest …

We propose a shadow-rate term structure model for the euro area yield curve from 1999 to mid-2015, when bond yields had …