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ECFIN New Publication

Economic and Financial Affairs

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Dear subscriber,
The Directorate-General for Economic and Financial Affairs (DG ECFIN) of the European Commission is pleased to inform you about its newest publication for your free download as PDF:

Quarterly Report on the Euro Area. Volume 18, No 1 (2019)

QREA Volume 18 N. 1 (2019) examines the extent to which market discipline enters government fiscal reaction functions; whether global factors affect inflation; and how the unwinding of macroeconomic imbalances affects convergence patterns across the euro area.

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The 2019 Stability and Convergence Programmes: An Overview and Assessment of the Euro Area Fiscal Stance
The 2019 Stability and Convergence Programmes: an overview and assessment of the euro area fiscal stance

An overview of the 2019 Stability and Convergence Programmes of EU Member States and an assessment of their implications for the euro area’s fiscal stance.

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Croatia's Tourism Industry – Part 2: Curse or Blessing?
Croatia's Tourism Industry – Part 2: Curse or Blessing?

This study features an econometric analysis of the relationship between exports of goods and tourism in Croatia, investigating potential crowding-out effects and their joint impact on overall economic growth.

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Assessing House Prices: Insights from "Houselev", a Dataset of Price Level Estimates
Assessing House Prices: Insights from

This paper looks at the housing markets in 40 countries by comparing house prices in levels.

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The Global Multi-Country Model (GM): An Estimated DSGE Model for Euro Area Countries

This paper documents the Global Multi-country macroeconomic model and describes its use in economic and policy analysis and forecasting in DG ECFIN.

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Cruising at Different Speeds: Similarities and Divergences between the German and the French Economies
Cruising at Different Speeds: Similarities and Divergences between the German and the French Economies

This paper looks at the economies of France and Germany and discusses differences in their growth models and divergences in their performance since the economic crisis.

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