definition of price stability at a time of deflationary pressures. The euro's exchange rate has not been greatly impacted by the … recent currency war; the euro continues to be overvalued, but less than before. -- currency war ; quantitative easing …

definition of price stability at a time of deflationary pressures. The euro's exchange rate has not been greatly impacted by the … recent currency war; the euro continues to be overvalued, but less than before. …

predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …

model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area … effects to the US and the euro area responses are much lower and decrease due to rising inflation pressure. The analysis also … euro area. …

- and medium-sized enterprises in the euro area primarily takes place via bank loans and not through capital markets. Based … banking regulation. The panel estimation includes 706 banks from 15 Euro area member states and is conducted for the period …

Euro area countries and Japan are confronted with similar challenges. Potential output is on a falling trend in the … euro area, and the decrease started well before the financial crisis. In Japan, low output growth is a striking feature … economies can be traced to a weak evolution of TFP. Weak capital deepening is detected especially in the euro area. Driven by …