32 posts on "Euro Area"
February 5, 2014
Comparing U.S. and Euro Area Unemployment Rates
Euro area growth has been stalled since 2010, mired in the sovereign debt crisis, while the United States has managed a slow but steady recovery following the Great Recession.
November 13, 2013
On the Design of Monetary and Macroprudential Policies
The financial crisis, recession, and slow recovery have emphasized the interactions between financial markets and the real economy.
October 2, 2013
Capital Flight inside the Euro Area: Cooling Off a Fire Sale
Matthew Higgins and Thomas Klitgaard Countries in the euro area periphery such as Greece, Italy, Portugal, and Spain saw large-scale capital flight in 2011 and the first half of 2012. While events unfolded much like a balance of payments crisis, the contraction in domestic credit was less severe than would ordinarily be caused by capital […]
May 22, 2013
Foreign Borrowing in the Euro Area Periphery: The End Is Near
Current account deficits in euro area periphery countries have now largely disappeared.
Posted at 7:00 am in Balance of Payments, Euro Area, Exchange Rates, Exports, International Economics | Permalink | Comments (1)
November 28, 2012
The Different Paths of Greece and Spain to High Unemployment
Euro area GDP remains below its 2007 level due to the global financial meltdown
and the subsequent sovereign debt crisis in the periphery countries.
July 9, 2012
Location, Location, and Pacification: The Effect of Crime Reduction on Residential Property Value
In this post, we document the relationship between crime and house prices in the city of Rio de Janeiro, Brazil. One fully expects crime, as a public “bad,” to exert a downward force on prices; indeed, this is a common finding in the literature on amenity valuation.
May 2, 2012
Euro Area Spending Imbalances and the Sovereign Debt Crisis
Euro area periphery countries were borrowing heavily from abroad in the run-up to the sovereign debt crisis.
April 11, 2012
The European Growth Outlook and Its Risks
As Europe continued to struggle with its sovereign debt crisis during the past two years, significant concerns about the growth outlook for European Union members began to emerge in late 2011.
Posted at 7:00 am in Euro Area, Forecasting, International Economics, Monetary Policy | Permalink | Comments (2)
December 21, 2011
Central Bank Imbalances in the Euro Area
The euro area sovereign debt crisis sparked an outflow of bank deposits from countries in the periphery to commercial banks in Germany and other core countries.
Posted at 7:00 am in Banks, Central Bank, Euro Area, Financial Institutions, International Economics | Permalink | Comments (4)
July 25, 2011
The Vanishing U.S.‑E.U. Employment Gap
The employment-to-population ratio—the share of adults that are employed—has historically been much higher in the United States than in Europe. However, the gap narrowed dramatically in the last decade and had almost disappeared by the end of 2009. In this post, we show that the narrowing employment gap is due to three factors: declining U.S. employment rates across almost all age-gender groups; more women working in Europe, particularly prime-age and older workers; and rising employment for older European men. We link most of these shifts to the influence of underlying trends (many reflecting changes in European social policies) and to differences in labor market performance during the Great Recession.
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