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. …

This paper investigates uncertainty around point estimates of the euro area NAIRU in a state space framework. The … approximations. The degree of uncertainty of the euro area NAIRU is estimated with a trivariate state space model. The widths of the …

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 investigates uncertainty around point estimates of the euro area NAIRU in a state space framework. The … approximations. The degree of uncertainty of the euro area NAIRU is estimated with a trivariate state space model. The widths of the …

We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the …

-time experiment shows that real M1 can improve output gap estimates for euro area data. For many periods the cyclical component of …

that stress in the eurozone is mainly due to different trend growth rates and that for most of the Euro-zone countries …

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