Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate …. We find evidence for two distinct states in both regions. For the euro area, we find a regime which is correlated to the …

This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …

the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The … output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts …

This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews … theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M …

States, as a pioneer country, and the United Kingdom and the euro area, as later adopting countries. Estimated diffusion …

much of the inflation dynamics in the 2012-2014 euro area missing inflation episode. Consequently, economists and models …