Real Convergence Across the Euro Area
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DOI: 10.1007/s10272-020-0920-2
Abstract: This paper studies the relationship between real convergence in the euro area and macroeconomic imbalances. It compares the main features of convergence within the euro area with other EU and non-EU country groups, looking at… read more here.
Keywords: euro area; real convergence; area countries; convergence across ... See more keywords
Inflation Developments in the Euro Area Since the Onset of the Pandemic
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DOI: 10.1007/s10272-022-1032-y
Abstract: There is hope that the Russian war on Ukraine could expedite the energy transition in Europe leading to a new and more environmentally sustainable steady state. read more here.
Keywords: area since; developments euro; onset pandemic; euro area ... See more keywords
Determinants of Inflation Expectations in the Euro Area
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DOI: 10.1007/s10272-022-1037-6
Abstract: Euro area inflation has been rising strongly in the wake of the COVID-19 pandemic, giving rise to concerns that there could be second-round effects, with higher inflation leading to higher inflation expectations, which in turn… read more here.
Keywords: determinants inflation; euro area; inflation; inflation expectations ... See more keywords
Understanding inflation dynamics in the Euro Area: deviants and commonalities across member countries
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DOI: 10.1007/s10663-016-9322-x
Abstract: AbstractCentral to this paper is the analysis of inflation dynamics in the Euro Area as well as in eleven individual Euro Area member countries between 1990 and 2012. Based on the hybrid new Keynesian Phillips… read more here.
Keywords: inflation dynamics; member countries; finance; euro area ... See more keywords
Euro area macroeconomic imbalances and their asymmetric reversal: the link between financial integration and income inequality
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DOI: 10.1007/s40888-017-0054-6
Abstract: This paper explores the impact of the Economic and Monetary Union (EMU) and the ensuing financial integration on Euro Area (EA) macroeconomic imbalances. It is found that EMU caused an exceptional deterioration of current account… read more here.
Keywords: area macroeconomic; euro area; macroeconomic imbalances; financial integration ... See more keywords
Beyond Spreads: Measuring Sovereign Market Stress in the Euro Area
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DOI: 10.1016/j.econlet.2017.06.042
Abstract: We develop a novel composite indicator to measure sovereign bond market stress in the euro area. The indicator integrates yield and liquidity spreads along with volatility into an overall measure of sovereign market stress. An… read more here.
Keywords: market stress; stress euro; euro area; stress ... See more keywords
Measuring comparative advantages in the Euro Area
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DOI: 10.1016/j.econmod.2018.08.005
Abstract: A core principle in international economics is that the specialization of an economy on the basis of its comparative advantages leads to gains from trade. However, there is no empirical work directly linking comparative advantages… read more here.
Keywords: panel; comparative advantages; causality; euro area ... See more keywords
International spillovers of (un)conventional monetary policy: The effect of the ECB and the US Fed on non-euro EU countries
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DOI: 10.1016/j.ecosys.2017.10.001
Abstract: We estimate a global vector autoregression model to examine the effects of euro area and US monetary policy stances, together with the effect of euro area consumer prices, on economic activity and prices in non-euro… read more here.
Keywords: policy; euro countries; monetary policy; euro area ... See more keywords
Private and public risk sharing in the euro area
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DOI: 10.1016/j.euroecorev.2019.103347
Abstract: This paper investigates the contribution of private and public channels for consumption risk sharing in the euro area. In particular, it explores the role of financial integration versus official financial assistance for consumption smoothing. In… read more here.
Keywords: risk sharing; sharing euro; euro area; private public ... See more keywords
Financial market implications of monetary policy coincidences: Evidence from the UK and Euro Area government-bond markets
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DOI: 10.1016/j.intfin.2017.02.006
Abstract: Relatively little is known about the financial market impact of international monetary surprises arising on the same trading day. This paper estimates a suite of multi-security factor models, which captures international monetary surprise effects on… read more here.
Keywords: area government; policy; monetary surprises; market ... See more keywords
A tale of fragmentation: Corporate funding in the euro-area bond market
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DOI: 10.1016/j.irfa.2016.12.004
Abstract: Corporations of different euro-area countries faced noticeably different costs of funding in the bond market during the prolonged period of financial instability which started in 2007. We identify the determinants of corporate bond yield spreads… read more here.
Keywords: euro area; bond market; fragmentation; area ... See more keywords