In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To t

Sovereign risk premia in several euro area countries have risen markedly since 2008, driving up credit spreads in the private sector as well. We propose a New K

In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy