KKB 88: Economic output in the euro area has recently returned to its pre-pandemic level. The surge in infections since early 2022 had only...

Against the backdrop of the recent surge in inflation, we discuss available measures of inflation expectations and implications for monetary...

Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices...

KKB 82: The euro area economy is rapidly approaching its pre-crisis production level. After a strong increase in the second quarter, economic...

Against the backdrop of European economies being in partial lockdown again due to the Covid-19 pandemic, this report presents an assessment of...

The costs and benfits of moving from a flexible exchange rate regime to a monetary union depend critically on the conduct of monetary policy....

We take stock of the current evidence on fragmentation in financial markets in the  euro area and discuss policy options to facilitate...

The mercantilist attitude of the new U.S. presidency raises the fear of the United States turning towards a protectionist stance in trade...

KKB 52: The euro area economy has once again switched back a gear. The slowdown over the course of 2018 is mainly due to weaker impulses from...

KKB 10: Economic activity in the Euro Area is gradually gaining grip in 2015. Sentiment indicators suggest that the current - rather moderate...

KKB 46: The Euro area economy has lost momentum in the first half of 2018. The slowdown was due to country-specific temporary factors and a...

As a result of relatively weak external demand, continuing financial uncertainty and the contractionary stance of fiscal policy, output fell...

The recovery in the world economy from the deepest recession since the 1930s strengthened during the first half of 2010, aided by strong...

Since EUROFRAME published its economic assessment of the Euro Area last year (EUROFRAME 2014), conditions have disimproved somewhat. Our...

Since EUROFRAME published its economic assessment of the Euro Area last year (EUROFRAME, 2013) relatively little has changed. Our forecast for...

The Euro Area economy performance in 2015 was in line with expectations in our previous ‘Economic Assessment of the euro area’ from last...

This report is rather different from previous EUROFRAME forecasts produced over the last decade. On this occasion the major uncertainty in the...

I analyze spillover effects from a Euro area monetary policy shock to fourteen European countries outside the Euro area. The analysis is based...

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used to...