Quarterly Report on the Euro Area (QREA)

2012 - 2025

From Directorate General Economic and Financial Affairs (DG ECFIN), European Commission
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Assessing the dynamics of house prices in the euro area pp. 7-18: Carlos Cuerpo, Maria Demertzis, Laura Fernandez Vilaseca and Peter Pountuch
Fiscal decentralisation and fiscal discipline pp. 20-24: Matteo Governatori and David Yim
Taxation of housing pp. 25-30: Lovise Bauger and George Isbasoiu
Risk and uncertainty in euro area sovereign debt markets and their impact on economic activity pp. 31-38: Anna Grochowska, Plamen Nikolov and Rafal Raciborski

The dynamics of international investment positions pp. 7-20: Francesca D'Auria, Jan in 't Veld and Robert Kuenzel
Debt reduction and fiscal multipliers pp. 22-26: Fransisco De Castro
Fiscal consolidation in reformed and unreformed labour markets pp. 27-30: Alessandro Turrini
Assessing the economic impact of financial transaction taxes pp. 31-35: Julia Lendvai, Rafal Raciborski and Lukas Vogel

Has the crisis left a lasting mark on global trade pp. 9-18: Michael Sket and Ann-Louise Winther
The euro area's trade performance pp. 19-28: Plamen Nikolov and Francesca D'Auria
A closer look at some drivers of trade performance at Member State level pp. 29-39: Jesus Maria Irigoyen, Josefa Monteagudo and Alexander Rutkowski

The surveillance of macroeconomic imbalances in the euro area pp. 7-15: Jonas Fischer, Alexandr Hobza and Aurora Mordonu
The contribution of taxes to fiscal consolidation in the euro area pp. 18-23: Christian Gayer
Capital flows into vulnerable countries: official and private funding trends pp. 24-30: Robert Kuenzel, Ralph Setzer and Anton Jevcak
The euro-area sovereign CDS market pp. 31-36: Staffan Lindén