Harald Uhlig, 08 October 2010

CEPR’s Euro Area Business Cycle Dating Committee has announced that the recession that began in the first quarter of 2008 came to an end in the second quarter of 2009. Harald Uhlig of the University of Chicago, who chairs the committee, talks to Romesh Vaitilingam about how this recession compares with previous recessions and with the US recession, and about the components of GDP that are driving recovery. The interview was recorded in a telephone press conference on 4 October 2010.

Guillermo de la Dehesa, 16 July 2008

The current credit crisis should be both a squeeze and a crunch, but it seems to have been neither in the euro area. This column explains why credit may become costlier or scarcer under current conditions and explores how European financial entities seem to be defying the negative news.

Riccardo Cristadoro, Giovanni Veronese, 29 October 2007

Real-time policy-making requires real-time monitoring. The recent turmoil in international financial markets, for example, raised concerns that it would dampen euro-area growth prospects. Surveys of the euro-area in August and September revealed that business expectations had indeed deteriorated. Interpreting such data in real time is notoriously difficult. Statistical techniques provide a systematic and more reliable means of extracting real-time indicators from current data: “€-coin”, a monthly indicator published by the Banca d'Italia and CEPR, is a useful tool to monitor the evolution of the euro-area growth as the financial turmoil unfolds.

Michael Ehrmann, Marcel Fratzscher, Refet Gürkaynak, Eric Swanson, 17 September 2007

The authors of DP6456 focus on the extent to which monetary union has led to the integration of financial markets across the euro area, and in particular investigate the effects of two dimensions: the unification of bond markets, and the anchoring of long-run inflation expectations.

Pages

Events

CEPR Policy Research