Content
May 2024, Volume 23, Issue 1
- 7-22 Terms-of-trade-driven inflation and monetary-fiscal policie
by Gergo Motyovszki - 23-40 Climate change and its implications for prices and inflation
by Christian Buelens - 41-54 Sectoral wage shock and inflation in the euro area
by Aron Kiss & Giulia Maravalli & Matteo Salto & Kristine Van Herck
February 2024, Volume 22, Issue 4
- 7-18 What’s behind the spike in food inflation – recent developments, drivers and outlook in the euro area
by Andras Rezessy & Giulia Maravalli - 21-33 The economic impact of Covid-19 learning deficits
by Joana Elisa Maldonado & Anneleen Vandeplas & Lukas Vogel - 37-47 Large-scale EU issuance: 3 years on
by Daniel P. Monteiro
December 2023, Volume 22, Issue 3
- 7-22 Drivers of bank profitability in the euro area
by Mario Bellia & Guillaume Cousin - 23-34 When it rains, does it still pour? Quantifying contingent fiscal liabilities risks stemming from EU banks in times of severe stress
by Mario Bellia & François Courtoy & Adja Awa Sissoko - 35-49 Euro Area Household Debt
by Leonor Coutinho & Vitor Martins & Matteo Salto
July 2023, Volume 22, Issue 2
- 7-22 The great dispersion: euro area inflation differentials in the aftermath of the pandemic and the war
by Christian Buelens - 23-34 Pass-through in EU electricity and gas markets
by Helena Hernnäs & Åsa Johannesson-Lindén & Ruben Kasdorp & Magdalena Spooner - 35-47 Corporate vulnerability and the energy crisis
by Elizaveta Archanskaia & Plamen Nikolov & Wouter Simons & Alessandro Turrini & Lukas Vogel
May 2023, Volume 22, Issue 1
- 7-16 Inflation and its diverse social consequences across the euro area
by Balint Menyhert - 17-30 Short- and long-run determinants of labour shortages
by Alfonso Arpaia & Anita Halasz - 31-42 Prospects for long-term productivity growth
by Ben Deboeck - 43-58 The direct effects of the COVID-19 pandemic on exports across the euro area
by Eric Meyermans
February 2023, Volume 21, Issue 4
- 13-24 How to ensure fiscal sustainability in a growth-friendly manner?
by Eloïse Orseau & Henk Van Noten & Pedro Arevalo & Alessandra Cepparulo & Gilles Mourre & Stéphanie Pamies - 25-36 Enhancing the Ability of Fiscal Policy to Ensure Macroeconomic Stabilisation
by Olivia Galgau & Philipp Mohl & Gilles Mourre & Diana Radu - 37-48 The role of the fiscal framework to foster public investment, including in light of the green and digital transitions
by Sven Langedijk & Åsa Johannesson-Lindén & Paul Brans & Alessandra Cepparulo & Helena Hernnäs & Alexander Ioannidis & Clíona McDonnell & Philipp Mohl & Vito Ernesto Reitano - 49-58 Improving compliance with the EU fiscal framework through stronger ownership and enforcement
by Henk Van Noten & Elva Bova & Gilles Mourre & Christian Weise
November 2022, Volume 21, Issue 3
- 7-18 Convergence in GDP per capita in the euro area and the EU at the time of COVID-19
by Mirko Licchetta & Gianni Mattozzi - 19-28 Links between housing and real economy in the euro area
by Bořek Vašíček & Václav Žďárek - 29-42 The exchange rate elasticity of import prices across the euro area
by Eric Meyermans - 43-52 Croatia joining the euro area
by Arian Perić & Adriana Reut
July 2022, Volume 21, Issue 2
- 7-18 Estimates of corporate cleansing during COVID-19 – using firm-level data to measure its productivity impact
by Liza Archanskaia & Plamen Nikolov & Wouter Simons - 19-28 Slack vs. tightness in euro area labour markets: growing mismatch after COVID-19?
by Aron Kiss & Alessandro Turrini & Anneleen Vandeplas - 29-40 The SURE Instrument: an updated assessment
by Clíona McDonnell & Jocelyn Boussard & Isabelle Justo & Philipp Mohl & Gilles Mourre & Klara Stovicek - 41-52 Stress tests on the fiscal impact of extreme weather and climate-related events
by Nicola Gagliardi & Pedro Arevalo & Stéphanie Pamies
May 2022, Volume 21, Issue 1
- 7-20 Euro area inflation shaped by two years of COVID-19 pandemic
by Christian Buelens & Vaclav Zdarek - 21-30 Potential output and output gaps against the backdrop of the COVID-19 pandemic
by Anna Thum-Thysen & Francois Blondeau & Francesca d’Auria & Björn Döhring & Atanas Hristov & Kieran Mc Morrow - 31-42 The market performance of EU bonds
by Daniel Monteiro - 43-56 The ‘exorbitant privilege’ of an international-currency status: theory and evidence
by Eric Meyermans
January 2022, Volume 20, Issue 4
- 7-16 Assessing the cushioning role of tax-benefit systems on households’ income in the euro area during the COVID-19 pandemic: a microsimulation analysis
by Michael Christl & Silvia De Poli & Francesco Figari & Tine Hufkens & Chrysa Leventi & Andrea Papini & Alberto Tumino - 17-28 Gross fixed capital formation in the euro area during the COVID-19 pandemic
by Mirko Licchetta & Eric Meyermans - 29-38 Taxation of residential property in the euro area with a view to growth, equality and environmental sustainability
by Alexander Leodolter & Savina Princen & Aleksander Rutkowski - 39-46 Revisiting the link between government debt and sovereign interest rates in the euro area
by Stéphanie Pamies & Nicolas Carnot & Anda Patarau
December 2021, Volume 20, Issue 3
- 7-16 An overview of the economics of the Recovery and Resilience Facility
by Emiel Afman & Steven Engels & Sven Langedijk & Philipp Pfeiffer & Jan in ‘t Veld - 17-28 COVID-19: the stabilising impact of EU bond issuance on sovereigns and banks
by Mario Bellia & Ludovic Calès & Lorenzo Frattarolo & Daniel Monteiro & Marco Petracco Giudic - 29-36 The 2021 Ageing Report: pension reform reversal and adequacy risks in the EU
by Eloïse Orseau & Ben Deboeck - 37-48 The economic consequences of central bank digital currencies
by Ulrich Clemens & Guillaume Cousin & Jean-Baptiste Feller & Daniel Monteiro & Matteo Salto
July 2021, Volume 20, Issue 2
- 7-16 The macroeconomic impact of the COVID-19 pandemic in the euro area
by Olga Croitorov & Giulia Filippeschi & Mirko Licchetta & Philipp Pfeiffer & Adriana Reut & Wouter Simons & Anna Thum-Thysen & Anneleen Vandeplas & Lukas Vogel - 17-30 The uneven impact of the COVID-19 pandemic across the euro area
by Eric Meyermans & Virgilijus Rutkauskas & Wouter Simons - 31-40 International tourism decline and its impact on external balances in the euro area
by Leonor Coutinho & Goran Vukšić & Stefan Zeugner - 41-49 The SURE instrument – key features and first assessment
by Clíona McDonnell & Jocelyn Boussard & Isabelle Justo & Philipp Mohl & Gilles Mourre & Klara Stovicek
February 2021, Volume 20, Issue 1
- 7-21 The structural economic impact of the COVID-19 pandemic on the euro area: a literature review
by Maya Jollès & Eric Meyermans - 23-38 Economic impacts of climate change and mitigation
by Anna Dimitríjevics & Björn Döhring & János Varga & Jan in ’t Veld - 39-45 Fiscal policy implications of uncertain fiscal outcomes
by Philipp Mohl & Gilles Mourre - 47-61 Economic benefits of the euro
by Paul Brans & Ulrich Clemens & Christina Kattami & Eric Meyermans
October 2020, Volume 19, Issue 2
- 7-26 Consumption smoothing and the role of banking integration in the euro area
by Zenon Kontolemis & Eric Meyermans & Chris Uregian - 27-41 Structural change in labour demand and skills mismatches in the euro area
by Daniel Alonso & Alkistis Zavakou - 43-56 Taking stock of implicit pension liabilities
by Ben Deboeck & Per Eckefeldt
June 2020, Volume 19, Issue 1
- 9-25 Shifting taxes away from labour to strengthen growth in the euro area
by Eric Meyermans & Alexander Leodolter & Leonor Pires & Savina Princen & Aleksander Rutkowski - 27-43 Assessing public debt sustainability: some insights from an EU perspective into an inexorable question
by Stephanie Pamies & Adriana Reut - 45-65 The sovereign-bank nexus in the euro area: financial and real channel
by Mario Bellia & Ludovic Cales & Lorenzo Frattarolo & Andreea Maerean & Daniel Monteiro & Marco Petracco Giudici & Lukas Vogel - 67-85 The natural rate of unemployment and its institutional determinants
by Atanas Hristov & Werner Roeger
November 2019, Volume 18, Issue 2
- 7-23 Financial Union: Integration and Stability
by Anna Grochowska & Alexandra Hild - 25-41 Fiscal Policy
by Anton Mangov & Allen Monks & Gilles Mourre & Henk Van Noten - 43-51 Imbalances and Adjustment
by Leonor Coutinho & Alessandro Turrini - 57-71 Institutional Reforms
by Martina Krobath & Jakub Wtorek - 73-83 Monetary Policy
by Anton Jevčák - 85-99 Structural reforms for growth and resilience in the Euro area
by Erik Canton & Gaetano D'Adamo & Luis Garcia Lombardero & Plamen Nikolov
July 2019, Volume 18, Issue 1
- 7-21 Does market discipline enter governments' fiscal reaction functions in the euro area?
by Eric Meyermans - 23-36 Do global factors spell the end of the Phillips Curve?
by Eric McCoy & Matteo Salto & Václav Žďárek - 37-51 Convergence and macroeconomic imbalances
by Leonor Coutinho & Alessandro Turrini
March 2019, Volume 17, Issue 4
- 7-26 A retrospective look at sovereign bond dynamics in the euro area
by Daniel Monteiro & Borek Vasicek - 27-39 Completing the Capital Markets Union and its impact on economic resilience in the euro area
by Eric Meyermans & Christopher Uregian & Geert Van Campenhout & Diego Valiante - 41-57 The labour income share in the euro area
by Elizaveta Archanskaia & Eric Meyermans & Anneleen Vandeplas
December 2018, Volume 17, Issue 3
- 9-26 Wage dynamics in the EMU
by Anneleen Vandeplas & Alfonso Arpaia & Eric Ruscher & Alessandro Turrini & Werner Roger - 27-46 Determinants of economic resilience in the euro area: An empirical assessment of policy levers
by Maya Jolles & Eric Meyermans & Borek Vasicek - 47-57 Assessing Prudent NIIP and Current Account Positions
by Stefan Zeugner - 59-67 Cyclical patterns of residential construction
by Bjorn Dohring
July 2018, Volume 17, Issue 2
- 9-15 Economic Resilience in EMU
by Gabriele Giudice & Jesper Hanson & Zenon Kontolemis - 17-30 Financial cycle in euro area
by Daniel Monteiro & Bořek Vasicek - 31-48 Digitalisation of the euro area economy and impact on resilience
by Raffaele Fargnoli & Eric Meyermans - 49-61 Second-round effects of income tax reforms
by Janos Varga
April 2018, Volume 17, Issue 1
- 7-22 Economic resilience, the Single Market and EMU: a selfreinforcing interaction
by Maya Jolles & Eric Meyermans - 23-31 The determinants of export quality in the euro area
by Gaetano D'Adamo - 33-47 Global imbalances: an old challenge on the rise?
by Guergana Stanoeva & Bogdan Bogdanov
February 2018, Volume 16, Issue 3
- 3-24 Sustainable convergence in the euro area: A multidimensional process
by Katia Berti & Eric Meyermans - 25-40 Impact of uncertainty shocks in the euro area
by Borek Vasicek - 41-56 Long-term labour market effects of the Great Recession
by Eric Meyermans & Plamen Nikolov - 57-68 The start of a new cycle: Recent housing price dynamics in Europe and their macroeconomic implications
by Nicolas Philiponnet - 69-73 ECB's asset purchase programmes and changes in international investment positions of euro area countries between end-2014 and end-2016
by Anton Jevcak & Gerda Symens
October 2017, Volume 16, Issue 2
- 7-19 Maximising the impact of labour and product market reforms in the euro area - sequencing and packaging
by Katia Berti & Eric Meyermans - 21-29 Ease of doing business in the euro area
by Erik Canton & Marta Petrucci - 31-41 Determinants of trend TFP growth and key policies that influence it
by Anna Thum-Thysen & Rafal Raciborski - 43-54 Bank lending constraints in the EA and their macroeconomic implications
by Daniel Monteiro
March 2017, Volume 16, Issue 1
- 7-21 A macroeconomic perspective on non-performing loans (NPLs)
by Katia Berti & Christian Engelen & Borek Vasicek - 23-35 Unlocking investment in intangible assets in Europe
by Anna Thum-Thysen & Peter Voigt & Christoph Maier & Benat Bilbao-Osorio & Diana Ognyanova - 37-47 Assessing the price and non-price competitiveness of the euro area
by Gaetano D'Adamo
December 2016, Volume 15, Issue 3
- 7-18 How to make the Economic and Monetary Union more resilient?
by Erik Canton & Philipp Mohl & Adriana Reut & Melanie Ward-Warmedinger - 19-28 The policy mix, when monetary policy is constrained at the zero lower bound
by Nicolas Carnot & Ulrich Clemens & Martin Larch & Borek Vasicek - 29-36 Market liquidity: a cause for concern?
by Nigel Nagarajan
July 2016, Volume 15, Issue 2
- 7-18 Cross-border risk sharing after asymmetric shocks: evidence from the euro area and the United States
by Plamen Nikolov - 19-31 Financial channels and economic activity in the euro area
by Narcissa Balta & Borek Vasicek - 33-38 Confidence spillovers in the euro area
by Francesca D'Auria
April 2016, Volume 15, Issue 1
- 7-17 The economic impact of selected structural reform measures in Italy, France, Spain and Portugal
by Jan in 't Veld - 19-24 The effects of a slowdown in total factor productivity growth and ageing on GDP growth, inflation and interest rates
by Romanos Priftis - 25-35 Drivers of total factor productivity growth in the EU - the role of firm entry and exit
by Erik Canton
January 2016, Volume 14, Issue 4
- 7-17 An overview of market-based adjustment in the euro area in the light of the crisis
by Eric Ruscher - 19-32 Revisiting the relative price mechanism
by Philipp Mohl & Thomas Walsh - 33-48 Revisiting the real interest rate mechanism
by Eric Ruscher & Borek Vasicek - 49-58 Deleveraging and adjustment
by Alexis Loublier
October 2015, Volume 14, Issue 3
- 6-18 The euro area recovery in perspective
by Eric Ruscher & Borek Vasicek - 19-28 An assessment of the relative quality of the EU output gap estimates
by Kieran Mc Morrow & Rafal Raciborski & Werner Roeger & Valerie Vandermeulen - 29-33 Inflation developments in the euro area ó an update
by Lauri Vilmi - 34-41 Performance of the Irish financial assistance programme
by Alessandro Angelini
July 2015, Volume 14, Issue 2
- 7-17 The euro area services sectors
by Erik Canton & Mats Marcusson & Josefina Monteagudo - 19-27 Revisiting the macroeconomic effects of oil price changes
by Rafal Raciborski & Anastasia Theofilakou & Lukas Vogel - 28-36 Business cycle synchronisation in the euro area
by Narcissa Balta
March 2015, Volume 14, Issue 1
- 7-18 Recent developments in cross-border capital flows in the euro area
by Alexis Loublier - 19-25 Labour mobility as an adjustment mechanism
by Alfonso Arpaia & Aron Kiss & Balazs Palvolgyi & Alessandro Turrini. - 27-33 Housing taxation: from micro design to macro impact
by Serena Fatica - 35-43 Investment dynamics in the euro area since the crisis
by Narcissa Balta
December 2014, Volume 13, Issue 4
- 7-22 Cross-border spillovers in the euro area
by Francesca D'Auria & Staffan Linden & Daniel Monteiro & Jan in 't Veld & Stefan Zeugner - 23-29 ECFIN's medium term projections: the risk of ësecular stagnation
by Werner Roeger - 30-34 External rebalancing in the euro area: progress made and what remains to be
by Alexandr Hobza & Maria Demertzis
October 2014, Volume 13, Issue 3
- 7-19 Private sector deleveraging: where do we stand
by Peter Pontuch - 21-26 Structural reforms at the zero lower bound
by Lukas Vogel - 27-33 Member State vulnerability to changes in the euro exchange rate
by Narcissa Balta & Karin Fischer & Plamen Nikolov & Lauri Vilmi
June 2014, Volume 13, Issue 2
- 7-20 Growth differences between EA Member States since the crisis
by Ismael Valdes Fernandez - 21-26 Analysing euro-area inflation using the Phillips curve
by Christina Jordan & Lauri Vilmi - 27-33 Institutional features and regulation of housing and mortgage markets
by Carlos Cuerpo Caballero & Anda Patarau & Peter Pontuch - 34-40 A competitiveness measure based on sector unit labour costs
by Gil Mehrez & Laura Fernandez Vilaseca & Josefina Monteagudo
April 2014, Volume 13, Issue 1
- 7-19 The drivers of total factor productivity in catching-up economies
by Narcissa Balta & Philipp Mohl - 21-26 New estimates of Phillips curves and structural unemployment in the euro area
by Fabrice Orlandi - 27-34 The relationship between government and export sector wages and implications for competitiveness
by Benedicta Marzinotto & Alessandro Turrini - 35-39 Latvia: maintaining sustainable growth after the boom-bust years
by Gatis Eglitis & Christian Weise - 40-46 Corporate balance sheet adjustment in the euro area and the United States
by Plamen Nikolov
December 2013, Volume 12, Issue 4
- 7-16 The euro area's growth prospects over the coming decade
by Kieran McMorrow & Werner Roeger - 17-27 The growth impact of structural reforms
by Janos Varga & Jan in 't Veld - 29-35 Firmsà investment decisions in vulnerable Member States
by Peter Pontuch - 37-44 Corporate taxation and the composition of capital
by Serena Fatica
October 2013, Volume 12, Issue 3
- 7-18 Financial dependence and growth since the crisis
by Narcissa Balta & Plamen Nikolov - 19-25 Labour costs pass-through, profits and rebalancing in vulnerable Member States
by Andreas Breitenfellner & Anca Dana Dragu & Peter Pontuch - 26-30 Cross-border spillovers in confidence
by Francesca D'Auria
June 2013, Volume 12, Issue 2
- 7-16 Assessing the impact of uncertainty on consumption and investment
by Narcissa Balta & Ismael Valdes Fernandez & Eric Ruscher - 17-25 The role of FDI in preventing imbalances in the euro area
by Maria Demertzis & Peter Pontuch - 27-32 Recent capital flow developments in the euro area
by Anton Jevcak & Robert Kuenzel - 33-38 Inventory developments in the euro area since the onset of the crisis
by Plamen Nikolov
March 2013, Volume 12, Issue 1
- 7-18 Catching-up processes in the euro area
by Narcissa Balta - 19-25 Drivers of diverging financing conditions across Member States
by Anton Jevcak & Lucian Briciu - 26-32 Assessing the private sector deleveraging dynamics
by Carlos Cuerpo Caballero & Ines Drumond & Peter Pontuch - 33-38 Rising sovereign risk premia and the profile of fiscal consolidation
by Jan in 't Veld & Werner Roeger
December 2012, Volume 11, Issue 4
- 7-18 Assessing the dynamics of house prices in the euro area
by Carlos Cuerpo Caballero & Maria Demertzis & Laura Fernandez Vilaseca & Peter Pountuch - 20-24 Fiscal decentralisation and fiscal discipline
by Matteo Governatori & David Yim - 25-30 Taxation of housing
by Lovise Bauger & George Isbasoiu - 31-38 Risk and uncertainty in euro area sovereign debt markets and their impact on economic activity
by Anna Grochowska & Plamen Nikolov & Rafal Raciborski
October 2012, Volume 11, Issue 3
- 7-20 The dynamics of international investment positions
by Francesca D'Auria & Jan in 't Veld & Robert Kuenzel - 22-26 Debt reduction and fiscal multipliers
by Fransisco De Castro - 27-30 Fiscal consolidation in reformed and unreformed labour markets
by Alessandro Turrini - 31-35 Assessing the economic impact of financial transaction taxes
by Julia Lendvai & Rafal Raciborski & Lukas Vogel
July 2012, Volume 11, Issue 2
- 9-18 Has the crisis left a lasting mark on global trade
by Michael Sket & Ann-Louise Winther - 19-28 The euro area's trade performance
by Plamen Nikolov & Francesca D'Auria - 29-39 A closer look at some drivers of trade performance at Member State level
by Jesus Maria Irigoyen & Josefa Monteagudo & Alexander Rutkowski
April 2012, Volume 11, Issue 1
- 7-15 The surveillance of macroeconomic imbalances in the euro area
by Jonas Fischer & Alexandr Hobza & Aurora Mordonu - 18-23 The contribution of taxes to fiscal consolidation in the euro area
by Christian Gayer - 24-30 Capital flows into vulnerable countries: official and private funding trends
by Robert Kuenzel & Ralf Setzer & Anton Jevcak - 31-36 The euro-area sovereign CDS market
by Staffan Linden