equilibrium real rate using an estimated DSGE model for the euro area. We find that simple feedback rules that implement inflation …

sectors – industry, services, construction, and agriculture – across the four largest euro area economies – Germany, France …, Italy and Spain – and the euro area as a whole. By modelling prices together with real activity, employment and wages, we …, we also allow for spillovers to the other euro area countries in our sample …

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

This paper provides evidence on the reliability of euro area real-time output gap estimates. A genuine real-time data … set for the euro area is used, including vintages of several sets of euro area output gap estimates available from 1999 to … magnitude and the sign of the real-time estimates of the euro area output gap are very uncertain. The uncertainty is mostly due …

Using a small Bayesian dynamic factor model of the euro area we estimate the deviations of output from its trend that … that forecasts inflation best implies that after the 2011 sovereign debt crisis the output gap in the euro area has been …

This paper estimates a linearised DSGE model for the euro area. The model is New Keynesian and allows for a role for …

We investigate co-movements and heterogeneity in inflation dynamics of different regions within and across euro area … Union. We employ a model where regional inflation dynamics are explained by common euro area and country specific factors as … related to the common monetary policy in the euro area and to external developments, in particular exchange rate movements and …

We analyse the implications of asymmetric monetary policy rules by estimating Markov-switching DSGE models for the euro …

equilibrium real rate using an estimated DSGE model for the euro area. We demonstrate that simple feedback rules that implement …