Geopolitical risk in the euro area: measurement and transmission

by Yevheniia Bondarenko, Nayeon Kang, Vivien Lewis, Matthias Rottner, Yves Schüler<br />Geopolitical risk is a major concern for the euro area, yet widely used measures largely reflect a US perspective. We introduce a geopolitical risk indicator tailored to the euro area using local European news sources.