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Central Bank Research Hub - European Central Bank Working papers



Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market (JEL G21, G32)

by Miguel A. Ferreira, Pedro Matos1066
(03 Jul 2009)

 Full text

Monetary Policy and Inflationary Shocks Under Imperfect Credibility (JEL E4, E5, F4)

by Matthieu Darracq Paričs, Stéphane Moyen1065
(29 Jun 2009)

 Full text

Does it pay to have the euro? Italy's politics and financial markets under the lira and the euro (JEL F31, F33, G14)

by Marcel Fratzscher, Livio Stracca,, International Finance (forthcoming)1064
(17 Jun 2009)

 Full text

Does Private Equity Investment Spur Innovation? Evidence from Europe (JEL C23, G15, O16)

by Alexander Popov, Peter Roosenboom1063
(17 Jun 2009)

 Full text

External shocks and international inflation linkages: a Global VAR analysis (JEL C32, E31)

by Alessandro Galesi, Marco J. Lombardi1062
(17 Jun 2009)

 Full text

The distribution of households consumption-expenditure budget shares (JEL C12, D12, D3)

by Matteo Barigozzi, Lucia Alessi, Marco Capasso1061
(16 Jun 2009)

 Full text

Forecasting the world economy in the short-term (JEL C32, C53, E37, F17)

by Audrone Jakaitiene, Stéphane Dées1059
(16 Jun 2009)

 Full text

What explains global exchange rate movements during the financial crisis? (JEL F31, F4, G1)

by Marcel Fratzscher1060
(08 Jun 2009)

 Full text

National prices and wage setting in a currency union (JEL E50, E58, J50, J51)

by Marcelo Sánchez1058
(29 May 2009)

 Full text

The impact of extreme weather events on budget balances and implications for fiscal policy (JEL F59, H87, Q54, Q58)

by Eliza M. Lis, Christiane Nickel1055
(29 May 2009)

 Full text

Euro area private consumption: Is there a role for housing wealth effects

by Frauke Skudelny1057
(26 May 2009)

 Full text

The pricing of subprime mortgage risk in good times and bad: Evidence from the ABX.HE indices

by Ingo Fender, Martin Scheicher1056
(26 May 2009)

 Full text

Inflation dynamics with labour market matching: assessing alternative specifications (JEL E24, E31, E32, J64)

by Kai Christoffel, James Costain, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard, Olivier Pierrard1053
(15 May 2009)

 Full text

Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness (JEL C23, E62, H62)

by António Afonso, Sebastian Hauptmeier1054
(13 May 2009)

 Full text

Bidding behaviour in the ECB's main refinancing operations during the financial crisis (JEL C33, C34, D44, E52)

by Jens Eisenschmidt, Astrid Hirsch, Tobias Linzert1052
(13 May 2009)

 Full text

Are more data always better for factor analysis? Results for the euro area, the six largest euro area countries and the UK (JEL C10, C15, C53)

by Giovanni Caggiano, George Kapetanios, Vincent Labhard1051
(13 May 2009)

 Full text

Wealth effects on consumption: evidence from the euro area (JEL D12, E21, E44)

by Ricardo M. Sousa1050
(12 May 2009)

 Full text

Labour force participation in the euro area: a cohort based analysis (JEL J11, J21)

by Almut Balleer, Ramón Gómez-Salvador, Jarkko Turunen1049
(11 May 2009)

 Full text

An economic capital model integrating credit and interest rate risk in the banking book (JEL C13, E47, G21)

by Piergiorgio Alessandri, Mathias Drehmann1041
(30 Apr 2009)

 Full text

Downward wage rigidity and optimal steady-state inflation (JEL E31, E52, J4)

by Gabriel Fagan, Julián Messina1048
(28 Apr 2009)

 Full text

The forecasting power of internal yield curve linkages (JEL F31)

by Michele Modugno, Kleopatra Nikolaou1044
(28 Apr 2009)

 Full text

The determinants of public deficit volatility (JEL E31, E63)

by Luca Agnello, Ricardo M. Sousa1042
(28 Apr 2009)

 Full text

The term structure of equity premia in an affine arbitrage-free model of bond and stock market dynamics

by Wolfgang Lemke, Thomas Werner1045
(24 Apr 2009)

 Full text

The impact of reference norms on inflation persistance when wages are staggered

by Markus Knell, Alfred Stiglbauer1047
(24 Apr 2009)

 Full text

Productivity shocks and real exchange rate: a reappraisal

by Tuomas A. Peltonen, Michael Sager1046
(24 Apr 2009)

 Full text

Optimal monetary policy in a model of the credit channel

by Fiorella De Fiore, Oreste Tristani1043
(24 Apr 2009)

 Full text

'Real time'early warning indicators for costly asset price boom/bust cycles: a role for global liquidity

by Lucia Alessi, Carsten Detken1039
(31 Mar 2009)

 Full text

What do asset prices have to say about risk appetite and uncertainty? (JEL E44, G12)

by Geert Bekaert, Marie Hoerova, Martin Scheicher1037
(31 Mar 2009)

 Full text

The external and domestic side of macroeconomic adjustment in China (JEL E32, E62)

by Roland Straub, Christian Thimann1040
(31 Mar 2009)

 Full text

Are 'intrinsic inflation persistence' models structural in the sense of Lucas (1976)? (JEL E30, E32)

by Luca Benati1038
(31 Mar 2009)

 Full text

Search in the product market and the real business cycle (JEL E10, E31, E32)

by Thomas Y. Mathä, Olivier Pierrard1036
(24 Mar 2009)

 Full text

The role of labor markets for euro area monetary policy (JEL C11, E32, E52, J64)

by Kai Christoffel, Keith Kuester, Tobias Linzert1035
(24 Mar 2009)

 Full text

The role of the United States in the global economy and its evolution over time (JEL E32, E37, F41)

by Stéphane Dées, Arthur Saint-Guilhem1034
(23 Mar 2009)

 Full text

Fiscal competition over taxes and public inputs - theory and evidence (JEL C72, H72, H77)

by Sebastian Hauptmeier, Ferdinand Mittermaier, Johannes Rincke1033
(19 Mar 2009)

 Full text

Assessing long-term fiscal developments - a new approach (JEL E62, H50)

by António Afonso, Luca Agnello, Davide Furceri, Ricardo Sousa1032
(19 Mar 2009)

 Full text

Global roles of currencies (JEL E58, F31, F33, F37, G15)

by Christian Thimann1031
(19 Mar 2009)

 Full text

Forecast evaluation of small nested model sets (JEL C32, C53, E37)

by Kirstin Hubrich, Kenneth D. West1030
(19 Mar 2009)

 Full text

The role of fiscal transfers for regional economic convergence in Europe (JEL E62, R11, R23)

by Cristina Checherita, Christiane Nickel, Philipp Rother1029
(13 Mar 2009)

 Full text

Large debt financing: syndicated loans versus corporate bonds (JEL D40, F30, G21)

by Yener Altunbas, Alper Kara, David Marqués-Ibáńez1028
(10 Mar 2009)

 Full text

Long run evidence on money growth and inflation (JEL E30, E32)

by Luca Benati1027
(06 Mar 2009)

 Full text

Do house price developments spill over across euro area countries? Evidence from a Global VAR (JEL C32, R21, R31)

by Paul Hiebert, Isabel Vansteenkiste1026
(06 Mar 2009)

 Full text

Liquidity risk premia in unsecured interbank money markets (JEL G01, G10, G21)

by Jens Eisenschmidt, Jens Tapking1025
(06 Mar 2009)

 Full text

Funding liquidity risk: definition and measurement (JEL E58, G21)

by Mathias Drehmann, Kleopatra Nikolaou1024
(06 Mar 2009)

 Full text

Bank loan announcements and borrower stock returns: does bank origin matter? (JEL D80, G21, G32, H11)

by Steven Ongena, Viorel Roscovan1023
(04 Mar 2009)

 Full text

Understanding inter-industry wage structures in the euro area

by Véronique Genre, Karsten Kohn, Daphne Momferatou1022
(04 Mar 2009)

 Full text

Rigid labour compensation and flexible employment? Firm-level evidence with regard to productivity for Belgium (JEL J30, J60)

by Catherine Fuss, Ladislav Wintr1021
(04 Mar 2009)

 Full text

Opting out of the Great Inflation: German monetary policy after the break down of Bretton Woods (JEL E31, E32, E41, E52, E58)

by Andreas Beyer, Vítor Gaspar, Christina Gerberding, Otmar Issing1020
(03 Mar 2009)

 Full text

What drives returns to euro area housing? Evidence from a dynamic dividend-discount model (JEL C33, G12, R21)

by Paul Hiebert, Matthias Sydow1019
(03 Mar 2009)

 Full text

Cross-Border Mergers and acquisitions: Financial and institutional forces (JEL F30, F36, F41, G11)

by Nicolas Coeurdacier, Roberto A. De Santis, Antonin Aviat1018
(03 Mar 2009)

 Full text

Optimal Prediction Pools (JEL C11, C53)

by John Geweke, Gianni Amisano1017
(03 Mar 2009)

 Full text

When does lumpy factor adjustment matter for aggregate dynamics? (JEL E22, E24, E32)

by Stephan Fahr, Fang Yao1016
(03 Mar 2009)

 Full text

Inflation forecasting in the new EU Member States (JEL C53, E31, E37, E51, E52, E62, P24)

by Olga Arratibel, Christophe Kamps, Nadine Leiner-Killinger1015
(25 Feb 2009)

 Full text

Asset prices and current account fluctuations in G7 economies (JEL E2, F32, F40, G1)

by Marcel Fratzscher, Roland Straub1014
(25 Feb 2009)

 Full text

Structural breaks, cointegration and the Fisher effect (JEL C32, E43)

by Andreas Beyer, Alfred A. Haug, William G. Dewald1013
(25 Feb 2009)

 Full text

Petrodollars and imports of oil exporting countries (JEL F01, F14, Q43)

by Roland Beck, Annette Kamps1012
(25 Feb 2009)

 Full text

The global dimension of inflation - evidence from factor-augmented Phillips curves (JEL C33, C50, E31, F41)

by Sandra Eickmeier, Katharina Moll1011
(25 Feb 2009)

 Full text

Optimal sticky prices under rational inattention (JEL D8, E3, E5)

by Bartosz Mackowiak, Mirko Wiederholt1009
(19 Feb 2009)

 Full text

Business cycles in the euro area (JEL C5, E32, E33, F2, F43)

by Domenico Giannone, Michele Lenza, Lucrezia Reichlin1010
(19 Feb 2009)

 Full text

Liquidity (risk) concepts: definitions and interactions (JEL G10, G20)

by Kleopatra Nikolaou1008
(19 Feb 2009)

 Full text

Real wages over the business cycle: OECD evidence from the time and frequency domains (JEL C10, E32, J30)

by Julián Messina, Chiara Strozzi, Jarkko Turunen,, Journal of Economic Dynamics and Control (forthcoming)1003
(19 Feb 2009)

 Full text

Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation (JEL E31, E32, E52, J64)

by Gregory de Walque, Olivier Pierrard, Henri Sneessens, Rafael Wouters1007
(12 Feb 2009)

 Full text

Understanding sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition (JEL J31)

by Philip Du Caju, Catherine Fuss, Ladislav Wintr1006
(12 Feb 2009)

 Full text

Labor market institutions and macroeconomic volatility in a panel of OECD countries (JEL E31, E32)

by Fabio Rumler, Johann Scharler1005
(12 Feb 2009)

 Full text

Characterising the inflation targeting regime in South Korea (JEL E52, E58, E61)

by Marcelo Sánchez1004
(12 Feb 2009)

 Full text

Assessing portfolio credit risk changes in a sample of EU large and complex banking groups in reaction to macroeconomic shocks (JEL C02, C19, C52, C61, E32)

by Olli Castrén, Trevor Fitzpatrick, Matthias Sydow1002
(11 Feb 2009)

 Full text

Identifying the elasticity of substitution with biased technical change (JEL C22, E23, O30)

by Miguel A. León-Ledesma, Peter McAdam, Alpo Willman1001
(28 Jan 2009)

 Full text

Wealth effects in emerging market economies (JEL D12, E21, E44)

by Tuomas A. Peltonen, Ricardo M. Sousa, Isabel Vansteenkiste1000
(28 Jan 2009)

 Full text

Risk-adjusted forecasts of oil prices (JEL E37, E44, G13, Q4)

by Patrizio Pagano and Massimiliano Pisani0999
(Jan 2009)

 Full text

Infinite-dimensional VARs and factor models (JEL C10, C33, C51)

by Alexander Chudik and Hashem Pesaran0998
(Jan 2009)

 Full text

Financing obstacles and growth: an analysis for euro area non-financial corporations (JEL C23, E22, G32, L11, L25)

by Chiara Coluzzi0997
(Jan 2009)

 Full text

What drives euro area break-even inflation rates? (JEL C11, C52, E31)

by Matteo Ciccarelli and Juan Angel García0996
(Jan 2009)

 Full text

Current account benchmarks for central and eastern Europe: a desperate search? (JEL C11, C33, F15, F32, F34, F41, O52)

by Michele CaZorzi0995
(Jan 2009)

 Full text

Fiscal sustainability and policy implications for the euro area (JEL H55, H60)

by Fabrizio Balassone, Jorge Cunha, Geert Langenus, Bernhard Manzke, Jeanne Pavot0994
(Jan 2009)

 Full text

Has emerging Asia decoupled? An analysis of production and trade linkages using the Asian international input-output table (JEL C67, E23, F14)

by Gabor Pula and Tuomas A. Peltonen0993
(Jan 2009)

 Full text

FDI and productivity convergence in central and eastern Europe: an industry-level investigation (JEL C23, F21, O33)

by Martin Bijsterbosch and Marcin Kolasa0992
(Jan 2009)

 Full text

The macroeconomic effects of fiscal policy (JEL C11, C32, E62, H62)

by António Afonso and Ricardo M. Sousa0991
(Jan 2009)

 Full text

Fiscal policy, housing and stock prices (JEL C32, E62, G10, H62)

by António Afonso and Ricardo M. Sousa0990
(Jan 2009)

 Full text

Modelling loans to non-financial corporations in the euro area (JEL C32, C51)

by Christoffer Kok Sřrensen0989
(Jan 2009)

 Full text

2008

Portuguese banks in the euro area market for daily funds (JEL E52, E58)

by Luísa Farinha, Vítor Gaspar0985
(30 Dec 2008)

 Full text

The topology of the federal funds market (JEL E4, E58, E59, G1)

by Morten L. Bech, Enghin Atalay0986
(30 Dec 2008)

 Full text

The interday and intraday patterns of the overnight market: evidence from an electronic platform (JEL C22, C32, E43, E58)

by Renaud Beaupain and Alain Durré0988
(Dec 2008)

 Full text

What explains the spread between the euro overnight rate and the ECB's policy rate? (JEL C22, E43, E52)

by Tobias Linzert and Sandra Schmidt0983
(Dec 2008)

 Full text

Probability of informed trading on the euro overnight market rate: an update (JEL E52, G14)

by Julien Idier and Stefano Nardelli0987
(Dec 2008)

 Full text

The daily and policy-relevant liquidity effects (JEL E40, E52)

by Daniel L. Thornton0984
(Dec 2008)

 Full text

Modelling short-term interest rate spreads in the euro money market (JEL C32, E43, E50, E58, G15)

by Nuno Cassola and Claudio Morana0982
(Dec 2008)

 Full text

Why the effective price for money exceeds the policy rate in the ECB tenders? (JEL D44, E58)

by Tuomas Välimäki0981
(Dec 2008)

 Full text

Extracting market expectations from yield curves augmented by money market interest rates: the case of Japan (JEL E43, E52, G12)

by Teppei Nagano and Naohiko Baba0980
(Dec 2008)

 Full text

Futures contract rates as monetary policy forecasts (JEL E43, E44, E52)

by Giuseppe Ferrero and Andrea Nobili0979
(Dec 2008)

 Full text

Measuring monetary policy expectations from financial market instruments (JEL E43, E44, E52)

by Michael Joyce0978
(Dec 2008)

 Full text

Predictions of short-term rates and the expectations hypothesis of the term structure of interest rates (JEL E40, E52)

by Massimo Guidolin and Daniel L. Thornton0977
(Dec 2008)

 Full text

The term structure of interest rates across frequencies (JEL C22, E43)

by Katrin Assenmacher-Wesche and Stefan Gerlach0976
(Dec 2008)

 Full text

Early estimates of euro area real GDP growth: a bottom up approach from the production side

by Elke Hahn and Frauke Skudelny0975
(Dec 2008)

 Full text

Do China and oil exporters influence major currency configurations? (JEL E58, F30, F31, F36, G15)

by Marcel Fratzscher and Arnaud Mehl0973
(Dec 2008)

 Full text

Institutional features of wage bargaining in 23 European countries, the US and Japan (JEL J31, J38, J51, J58)

by Philip Du Caju, Erwan Gautier0974
(Dec 2008)

 Full text

Responses to monetary policy shocks in the east and the west of Europe: a comparison (JEL C11, C32, C33, E40, E52)

by Marek Jarocinski0970
(Nov 2008)

 Full text

Monetary policy and housing prices in an estimated DSGE for the US and the euro area (JEL E4, E5, F4)

by Matthieu Darracq Paričs and Alessandro Notarpietro0972
(Nov 2008)

 Full text

Interactions between private and public sector wages (JEL E24, E62, H50)

by António Afonso and Pedro Gomes0971
(Nov 2008)

 Full text

Comparing and evaluating Bayesian predictive distributions of assets returns (JEL C11, C53)

by John Geweke and Gianni Amisano0969
(Nov 2008)

 Full text

What drives U.S. current account fluctuations? (JEL E0, F32, F4)

by Alina Barnett and Roland Straub0959
(Nov 2008)

 Full text

A value at risk analysis of cedit default swaps (JEL E43, G12, G13)

by Burkhard Raunig and Martin Scheicher0968
(Nov 2008)

 Full text

Central Bank misperceptions and the role of money in interest rate rules. (JEL E32, E41, E43, E52, E58)

by Guenter W. Beck and Volker Wieland0967
(Nov 2008)

 Full text

Large Bayesian VARs (JEL C11, C13, C33, C53)

by Marta Banbura0966
(Nov 2008)

 Full text

IMF lending and geopolitics (JEL F33, H77, O19)

by Julien Reynaud and Julien Vauday0965
(Nov 2008)

 Full text

Do firms provide wage insurance against shocks? Evidence from Hungary (JEL C33, D21, J33, J41)

by Gábor Kátay0964
(Nov 2008)

 Full text

Public and private sector wages: co-movement and causality (JEL C32, E62, E63, H50, J30, J51, J52)

by Ana Lamo0963
(Nov 2008)

 Full text

Optimal monetary policy and the transmission of oil-supply shocks to the euro area under rational expectations (JEL E4, E5, F4)

by Stéphane Adjemian and Matthieu Darracq Paričs0962
(Nov 2008)

 Full text

Budgetary and external imbalances relationship: a panel data diagnostic (JEL C23, E62, F32, H62)

by António Afonso and Christophe Rault0961
(Nov 2008)

 Full text

On implications of micro price data for macro models (JEL E3, E5)

by Bartosz Mackowiak and Frank Smets0960
(Nov 2008)

 Full text

Oil exporters: in search of an external anchor (JEL C30, C51, C61, F31, O24)

by Maurizio Michael Habib and Jan Stráský0958
(Nov 2008)

 Full text

Modeling autoregressive conditional skewness and kurtosis with multi-quantile CAViaR (JEL C13, C32)

by Halbert White0957
(Nov 2008)

 Full text

The political economy under monetary union: has the euro made a difference? (JEL F31, F33, G14)

by Marcel Fratzscher and Livio Stracca0956
(Nov 2008)

 Full text

Monetary policy and stock market boom-bust cycles

by Lawrence Christiano, Cosmin Ilut0955
(Oct 2008)

 Full text

Fiscal policy responsiveness, persistence and discretion (JEL E62, H50)

by António Afonso0954
(Oct 2008)

 Full text

Estimating and forecasting the euro area monthly national accounts from a dynamic factor model (JEL C53, E37)

by Elena Angelini0953
(Oct 2008)

 Full text

Is forecasting with large models informative? Assessing the role of judgement in macro-economic forecasts (JEL C52, E30, E32, E37)

by Ricardo Mestre and Peter McAdam0950
(Oct 2008)

 Full text

Short-term forecasts of euro area GDP growth (JEL C33, C53, E52)

by Elena Angelini, Gonzalo Camba-Méndez, Domenico Giannone0949
(Oct 2008)

 Full text

How successful is the G7 in managing exchange rates? (JEL F31, F33, F50, G7)

by Marcel Fratzscher0952
(Oct 2008)

 Full text

Exchange rate pass-through in the global economy: the role of emerging market economies (JEL F10, F30, F41)

by Matthieu Bussičre and Tuomas A. Peltonen0951
(Oct 2008)

 Full text

Clustering techniques applied to outlier detection of financial market series using a moving window filtering algorithm (JEL C19, C49, G19)

by Josep Maria Puigvert Gutiérrez and Josep Fortiana Gregori0948
(Oct 2008)

 Full text

Foreign-currency bonds: currency choice and the role of uncovered and covered interest parity (JEL F31, F36, G14, G15, G32)

by Maurizio Michael Habib and Mark Joy0947
(Oct 2008)

 Full text

Macroeconomic adjustment to monetary union (JEL E21, F32, F36)

by Gabriel Fagan and Vítor Gaspar0946
(Oct 2008)

 Full text

Wage and price dynamics in Portugal (JEL C32, C51, E31, J30)

by Carlos Robalo Marques0945
(Oct 2008)

 Full text

The New Area-Wide Model of the euro area: a micro-founded open-economy model for forecasting and policy analysis (JEL C11, C32, E32, E37)

by Kai Christoffel0944
(Oct 2008)

 Full text

How does competition affect efficiency and soundness in banking? New empirical evidence (JEL G21, G28, L11)

by Klaus Schaeck and Martin Cihák0932
(Oct 2008)

 Full text

Channels of international risk-sharing: capital gains versus income flows (JEL F21, F30, F36)

by Thierry Bracke and Martin Schmitz0938
(Sep 2008)

 Full text

Sparse and stable Markowitz portfolios (JEL C00, G11)

by Joshua Brodie, Ingrid Daubechies, Christine De Mol0936
(Sep 2008)

 Full text

International stock return comovements

by Geert Bekaert0931
(Sep 2008)

 Full text

Sticky information Phillips curves: European evidence (JEL D84, E31)

by Jörg Döpke, Jonas Dovern0930
(Sep 2008)

 Full text

The impact of financial position on investment: an anlysis for non-financial corporations in the euro area. (JEL C33, E22, G32, J23)

by Carmen Martinez-Carrascal and Annalisa Ferrando0943
(Sep 2008)

 Full text

An application of index numbers theory to interest rates (JEL C43, E43)

by Javier Huerga and Lucia Steklacova0939
(Sep 2008)

 Full text

Towards a monetary policy evaluation framework (JEL E4, E5, F4)

by Stéphane Adjemian0942
(Sep 2008)

 Full text

Euro's influence upon trade: Rose effect versus border effect (JEL F10, F14, F15)

by Gianluca Cafiso0941
(Sep 2008)

 Full text

The effect of durable goods and ICT on euro area productivity growth? (JEL E01, E21, E22, J24, O11)

by Jukka Jalava and Ilja Kristian Kavonius0940
(Sep 2008)

 Full text

Fiscal policies, the current account and Ricardian equivalence (JEL E62, F32, F41)

by Christiane Nickel and Isabel Vansteenkiste0935
(Sep 2008)

 Full text

Bank mergers and lending relationships (JEL G21, G34)

by Judit Montoriol-Garriga0934
(Sep 2008)

 Full text

Import price dynamics in major advanced economies and heterogeneity in exchange rate pass-through (JEL E31, F3, F41)

by Stéphane Dées0933
(Sep 2008)

 Full text

Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility? (JEL F3, F4, F5)

by Olga Arratibel0929
(Sep 2008)

 Full text

Should quarterly government finance statistics be used for fiscal surveillane in Europe? (JEL C53, E6, H6)

by Diego J. Pedregal and Javier J. Pérez0937
(Sep 2008)

 Full text

Modelling and Forecasting the Yield Curve under Model uncertainty (JEL C5, E4, G1)

by Paola Donati and Francesco Donati0917
(Aug 2008)

 Full text

Resuscitating the wage channel in models with unemployment fluctuations (JEL E24, E31, E32, J64)

by Kai Christoffel and Keith Kuester0923
(Aug 2008)

 Full text

Corporate tax competition and the decline of public investment

by Pedro Gomes and Francois Pouget0928
(Aug 2008)

 Full text

Euro area money demand and international portfolio allocation: a contribution to assessing risks to price stability

by Roberto A. De Santis0926
(Aug 2008)

 Full text

Monetary stabilisation in a currency union of small open economies

by Marcelo Sánchez0927
(Aug 2008)

 Full text

Flow on conjunctural information and forecast of euro area economic activity (JEL C22, C53, E17)

by Katja Drechsel and Laurent Maurin0925
(Aug 2008)

 Full text

Government spending volatility and the size of nations (JEL E62, H10)

by Davide Furceri and Marcos Poplawski Ribeiro0924
(Aug 2008)

 Full text

An investigation on the effect of real exchange rate movements on OECD bilateral exports (JEL D73, F10, F32)

by Antoine Berthou0920
(Jul 2008)

 Full text

A review of nonfundamentalness and identification in structural VAR models (JEL C32, C51, C52)

by Lucia Alessi0922
(Jul 2008)

 Full text

Foreign direct investment and environmental taxes (JEL F12, F18, F23)

by Roberto A. De Santis and Frank Stähler0921
(Jul 2008)

 Full text

Fiscal policy in real time (JEL C23, E30, E62, H30, H60)

by Jacopo Cimadomo0919
(Jul 2008)

 Full text

Imports and profitability in the euro area manufacturing sector: the role of emerging market economies (JEL C23, F12, L11, L13)

by Tuomas A. Peltonen, Martin Skala0918
(Jul 2008)

 Full text

Optimal reserve composition in the presence of sudden stops: the euro and the dollar as safe haven currencies (JEL F31, F32, F33, G11)

by Roland Beck and Ebrahim Rahbari0916
(Jul 2008)

 Full text

Globalisation and the euro area: simulation based analysis using the New Area Wide Model. (JEL E32, E62)

by Roland Straub and Pascal Jacquinot0907
(Jun 2008)

 Full text

How has CDO market pricing changed during the turmoil? Evidence from CDS index tranches (JEL E43, G12, G13)

by Martin Scheicher0910
(Jun 2008)

 Full text

Medium run redux: technical change, factor shares and frictions in the euro area

by Peter McAdam and Alpo Willman0915
(Jun 2008)

 Full text

Evolution and sources of manufacturing productivity growth: evidence from a panel of European countries

by Silvia Giannangeli and Ramón Gómez-Salvador0914
(Jun 2008)

 Full text

Country and industry equity risk premia in the euro area: an intertemporal approach

by Lorenzo Cappiello0913
(Jun 2008)

 Full text

Labour cost and employment across euro area countries and sectors

by Beatrice Pierluigi and Moreno Roma0912
(Jun 2008)

 Full text

Global liquidity glut or global savings glut? A structural VAR approach

by Thierry Bracke and Michael Fidora0911
(Jun 2008)

 Full text

Repo markets, counterparty risk and the 2007/2008 liquidity crisis

by Christian Ewerhart and Jens Tapking0909
(Jun 2008)

 Full text

3-step analysis of public finances sustainability: the case of the European Union

by António Afonso and Christophe Rault0908
(Jun 2008)

 Full text

The impact of the euro on equity markets: a country and sector decomposition

by Lorenzo Cappiello0906
(Jun 2008)

 Full text

A persistence-weighted measure of core inflation in the euro area

by Laurent Bilke and Livio Stracca0905
(Jun 2008)

 Full text

Does money matter in the IS curve? The case of the UK

by Barry E. Jones and Livio Stracca0904
(Jun 2008)

 Full text

Forecasting inflation and tracking monetary policy in the euro area: does national information help? (JEL C25, E37, E52)

by Fabrizio Venditti0900
(Jun 2008)

 Full text

A robust criterion for determining the number of static factors in approximate factor models. (JEL C52)

by Lucia Alessi0903
(May 2008)

 Full text

On the empirical evidence of the intertemporal current account model for the euro area countries (JEL D91, F36, F41)

by Michele Ca' Zorzi and Michal Rubaszek0895
(May 2008)

 Full text

The role of country-specific trade and survey data in forecasting euro area manufacturing production: perspective from large panel factor models (JEL C3, C53, E37)

by Matthieu Darracq Paričs and Laurent Maurin0894
(May 2008)

 Full text

Sticky wages: evidence from quarterly microeconomic data

by Thomas Heckel0893
(May 2008)

 Full text

Fiscal consolidation in the euro area: long-run benefits and short-run costs. (JEL E32, E62)

by Günter Coenen0902
(May 2008)

 Full text

The usefulness of infra-annual government cash budgetary data for fiscal forecasting in the euro area (JEL C53, E6, H6)

by Luca Onorante, Diego J. Pedregal0901
(May 2008)

 Full text

Robust monetary rules under unstructured and structured model uncertainty (JEL E37, E52, E58)

by Paul Levine0899
(May 2008)

 Full text

Central Bank communication and monetary policy: a survey of theory and evidence (JEL E52, E58)

by Alan S. Blinder, Michael Ehrmann, Jakob de Haan0898
(May 2008)

 Full text

DSGE-Modelling: when agents are imperfectly informed (JEL E10, E32)

by Paul De Grauwe0897
(May 2008)

 Full text

The Maastricht Convergence Criteria and Optimal Monetary Policy for the EMU Accession Countries.

by Anna Lipinska0896
(May 2008)

 Full text

Credit and the natural rate of interest.

by Fiorella De Fiore and Oreste Tristani0889
(Apr 2008)

 Full text

House Prices and the stance of Monetary Policy. (JEL E3, E4)

by Marek Jarocinski and Frank Smets0891
(Apr 2008)

 Full text

House Prices, Money, Credit and the Macroeconomy. (JEL E21, E22, E31, E32, E44, E47, E50, R21, R31)

by Charles Goodhart and Boris Hofmann0888
(Apr 2008)

 Full text

Identification of new Keynesian Phillips Curves from a global perspective. (JEL C32, E17, F37, F42)

by Stéphane Dées, Hashem Pesaran0892
(Apr 2008)

 Full text

Globalisation, domestic inflation and global output gaps: Evidence from the euro area (JEL E3, F4)

by Alessandro Calza0890
(Apr 2008)

 Full text

Labor supply after transition: evidence from the Czech Republic (JEL J22, J31, P30)

by Alena Bicáková0887
(Mar 2008)

 Full text

Nominal and real interest rates during an optimal disinflation in New Keynesian models. (JEL E41, E43, E51, E52)

by Marcus Hagedorn0878
(Mar 2008)

 Full text

Impact of bank competition on the interest rate pass-through in the euro area (JEL D4, E50, G21, L10)

by Michiel van Leuvensteijn, Christoffer Kok Sřrensen0885
(Mar 2008)

 Full text

A quantitative perspective on optimal monetary policy cooperation between the US and the euro area (JEL E4, E5, F4)

by Stéphane Adjemian0884
(Mar 2008)

 Full text

Assessing the benefits of international portfolio diversification in bonds and stocks.

by Roberto A. De Santis and Lucio Sarno0883
(Mar 2008)

 Full text

Forecasting world trade: direct versus "bottom-up" approaches (JEL C32, C53, E37, F17)

by Matthias Burgert and Stephane Dees0882
(Mar 2008)

 Full text

On policy interactions among nations: when do cooperation and commitment matter? (JEL E52, E63)

by Hubert Kempf and Leopold von Thadden0880
(Mar 2008)

 Full text

Government risk premiums in the bond market: EMU and Canada (JEL E43, E62, H63, H74)

by Ludger Schuknecht0879
(Mar 2008)

 Full text

What are the effects of fiscal policy shocks? A VAR-based comparative analysis (JEL C32, E60, E62, H20, H50)

by Dario Caldara and Christophe Kamps0877
(Mar 2008)

 Full text

Imperfect predictability and mutual fund dynamics. How managers use predictors in changing systematic risk. (JEL C11, C13, G12, G13)

by Gianni Amisano and Roberto Savona0881
(Mar 2008)

 Full text

International evidence on sticky consumption growth. (JEL E21, F41)

by Christopher D. Carroll0886
(Mar 2008)

 Full text

Risk Management in Action. Robust monetary policy rules under structured uncertainty. (JEL E37, E52, E58)

by Paul Levine, Peter McAdam0870
(Feb 2008)

 Full text

Why do Europeans work part-time? A cross-country panel analysis. (JEL J21, J22, J28, J68)

by Hielke Buddelmeyer0872
(Feb 2008)

 Full text

Globel Macro-financial shocks and expected default frequencies in the Euro Area (JEL C33, F47, G32, G33)

by Olli Castrén0875
(Feb 2008)

 Full text

How Arbitrage-free is the Nelson-Siegel Model? (JEL C14, C15, G12)

by Laura Coroneo0874
(Feb 2008)

 Full text

Are sectoral stock prices useful for predicting euro area GDP? (JEL C52, C53)

by Magnus Andersson and Antonello D’Agostino0876
(Feb 2008)

 Full text

The Feldstein-Horioka fact (JEL C23, F32, F41)

by Domenico Giannone and Michele Lenza0873
(Feb 2008)

 Full text

The impact of capital flows on domestic investment in transition economies (JEL F21, F30, P33)

by Elitza Mileva0871
(Feb 2008)

 Full text

The reserve fulfilment path of euro area commercial banks: empirical testing using panel data (JEL C23, E4, E5, G2)

by Nuno Cassola0869
(Feb 2008)

 Full text

Purdah: on the rationale for central bank silence around policy meetings (JEL E43, E52, E58)

by Michael Ehrmann and Marcel Fratzscher0868
(Feb 2008)

 Full text

Do monetary indicators lead euro area inflation? (JEL C32, E31, E40)

by Boris Hofmann0867
(Feb 2008)

 Full text

VAR analysis and the Great Moderation (JEL E38, E52)

by Luca Benati and Paolo Surico0866
(Feb 2008)

 Full text

Explaining the Great Moderation: it is not the shocks (JEL C32, C53, E32, E37)

by Domenico Giannone0865
(Feb 2008)

 Full text

Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects (JEL C32, E22, E62)

by António Afonso and Miguel St. Aubyn0864
(Feb 2008)

 Full text

Population ageing and public pension reforms in a small open economy (JEL E6, H3, H55, J1)

by Christiane Nickel0863
(Feb 2008)

 Full text

Stock market volatility and learning (JEL D84, G12)

by Klaus Adam0862
(Feb 2008)

 Full text

Housing and equity wealth effects of Italian households (JEL D12, E21)

by Charles Grant and Tuomas A. Peltonen0857
(Jan 2008)

 Full text

Income distribution determinants and public spending efficiency (JEL C14, H40, H50)

by António Afonso0861
(Jan 2008)

 Full text

Oil shocks and endogenous markups: results from an estimated euro area DSGE model (JEL C15, E31, E32, E37)

by Marcelo Sánchez0860
(Jan 2008)

 Full text

Assessing the compensation for volatility risk implicit in interest rate derivatives (JEL G12, G13, G14)

by Fabio Fornari0859
(Jan 2008)

 Full text

International transmission and monetary policy cooperation (JEL E32, F41, F42)

by Günter Coenen, Giovanni Lombardo0858
(Jan 2008)

 Full text

Markups in the euro area and the US over the period 1981-2004: a comparison of 50 sectors (JEL D43, L11)

by Rebekka Christopoulou and Philip Vermeulen0856
(Jan 2008)

 Full text

Assessing the factors behind oil price changes (JEL C53, Q41)

by Stéphane Dées, Audrey Gasteuil0855
(Jan 2008)

 Full text

How do firms adjust their wage bill in Belgium? A decomposition along the intensive and extensive margins (JEL J30, J60)

by Catherine Fuss0854
(Jan 2008)

 Full text

The cyclical behavior of equilibrium unemployment and vacancies revisited (JEL E24, E32, J41, J63, J64)

by Marcus Hagedorn and Iourii Manovskii0853
(Jan 2008)

 Full text

Determinants of economic growth: will data tell? (JEL E01, O47)

by Antonio Ciccone and Marek Jarocinski0852
(Jan 2008)

 Full text

Investigating inflation persistence across monetary regimes (JEL E31, E42, E47, E52, E58)

by Luca Benati0851
(Jan 2008)

 Full text

Statistical tests and estimators of the rank of a matrix and their applications in econometric modelling (JEL C12, C15, C32)

by Gonzalo Camba-Méndez and George Kapetanios0850
(Jan 2008)

 Full text

Government size, composition, volatility and economic growth (JEL E62, H50, O40)

by António Afonso and Davide Furceri0849
(Jan 2008)

 Full text

Economic growth and budgetary components: a panel assessment for the EU (JEL C23, E62, H50, O40)

by António Afonso and Juan González Alegre0848
(Jan 2008)

 Full text

2007

Deeper, wider and more competitive? Monetary integration, Eastern enlargement and competitiveness in the European Union (JEL F12, R13)

by Gianmarco Ottaviano0847
(Dec 2007)

 Full text

Fiscal forecasting: lessons from the literature and challenges (JEL C53, E62, H6)

by Teresa Leal, Javier J. Pérez0843
(Dec 2007)

 Full text

Information combination and forecast (st)ability vidence from vintages of time-series data (JEL C32, C33, C53)

by Carlo Altavilla and Matteo Ciccarelli0846
(Dec 2007)

 Full text

Run-prone banking and asset markets

by Marie Hoerova0845
(Dec 2007)

 Full text

Business cycle synchronization and insurance mechanisms in the EU (JEL E32, E42, F41, F42)

by António Afonso and Davide Furceri0844
(Dec 2007)

 Full text

Saving behaviour and global imbalances: the role of emerging market economies

by Gianluigi Ferrucci and Cesar Miralles0842
(Dec 2007)

 Full text

Should we take inside money seriously? (JEL E43)

by Livio Stracca0841
(Dec 2007)

 Full text

Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure (JEL J31)

by Philip Du Caju0840
(Dec 2007)

 Full text

Are there oil currencies? The real exchange rate of oil exporting countries (JEL C22, F31)

by Maurizio Michael Habib and Margarita Manolova Kalamova0839
(Dec 2007)

 Full text

Securitisation and the bank lending channel (JEL E44, E55)

by Yener Altunbas0838
(Dec 2007)

 Full text

Monetary policy and core inflation (JEL E43, E52, E58)

by Michele Lenza0837
(Dec 2007)

 Full text

Reporting biases and survey results: evidence from European professional forecasters (JEL C42, E31, E47)

by Juan Angel García and Andrés Manzanares0836
(Dec 2007)

 Full text

US shocks and global exchange rate configurations

by Marcel Fratzscher0835
(Nov 2007)

 Full text

International frictions and optimal monetary policy cooperation: analytical solutions (JEL E5, F4)

by Matthieu Darracq Paričs0834
(Nov 2007)

 Full text

Explaining and forecasting euro area exports: which competitiveness indicator performs best? (JEL F17, F31, F41)

by Michele Ca' Zorzi and Bernd Schnatz0833
(Nov 2007)

 Full text

The yield curve and macroeconomic dynamics

by Peter Hördahl0832
(Nov 2007)

 Full text

Hierarchical Markov normal mixture models with applications to financial asset returns (JEL C11, C14, C53, G12)

by John Geweke and Gianni Amisano0831
(Nov 2007)

 Full text

The term structure of euro area break-even inflation rates: the impact of seasonality (JEL E31, E43, G12)

by Jacob Ejsing0830
(Nov 2007)

 Full text

Modelling inflation in China - a regional perspective (JEL C22, E31)

by Aaron Mehrotra0829
(Nov 2007)

 Full text

Potential output growth in several industrialised countries: a comparison (JEL C51, E32, O11, O47)

by Christophe Cahn and Arthur Saint-Guilhem0828
(Nov 2007)

 Full text

How is real convergence driving nominal convergence in the new EU Member States? (JEL E31, O52)

by Sarah M. Lein-Rupprecht0827
(Nov 2007)

 Full text

Risk sharing, finance and institutions in international portfolios

by Marcel Fratzscher and Jean Imbs0826
(Oct 2007)

 Full text

What can probability forecasts tell us about inflation risks?

by Juan Angel García and Andrés Manzanares0825
(Oct 2007)

 Full text

Evolving U.S. monetary policy and the decline of inflation predictability (JEL E37, E52, E58)

by Luca Benati and Paolo Surico0824
(Oct 2007)

 Full text

Modelling Ireland's exchange rates: from EMS to EMU

by Derek Bond0823
(Oct 2007)

 Full text

Exchange rate pass-through to trade prices: the role of non-linearities and asymmetries (JEL C22, C51, F14, F31)

by Matthieu Bussičre0822
(Oct 2007)

 Full text

Social value of public information: testing the limits to transparency (JEL D82, E52, E58)

by Michael Ehrmann and Marcel Fratzscher0821
(Oct 2007)

 Full text

What do we really know about fiscal sustainability in the EU? A panel data diagnostic (JEL C23, E62, H62, H63)

by António Afonso and Christophe Rault0820
(Oct 2007)

 Full text

Proximity and linkages among coalition participants: a new voting power measure applied to the International Monetary Fund (JEL C71, F33)

by Julien Reynaud0819
(Oct 2007)

 Full text

Is time ripe for price level path stability? (JEL D83, E52)

by Vítor Gaspar0818
(Oct 2007)

 Full text

Convergence and anchoring of yield curves in the euro area (JEL E52, E58)

by Michael Ehrmann, Marcel Fratzscher0817
(Oct 2007)

 Full text

Choice of currency in bond issuance and the international role of currencies (JEL C25, E44, F23, G32)

by Nikolaus Siegfried0814
(Sep 2007)

 Full text

Inflation persistence: euro area and new EU Member States

by Michal Franta0810
(Sep 2007)

 Full text

The role of credit aggregates and asset prices in the transmission mechanism: a comparison between the euro area and the US (JEL C11, C32, E32, E44)

by Sylvia Kaufmann and Maria Teresa Valderrama0816
(Sep 2007)

 Full text

Do international portfolio investors follow firms' foreign investment decisions? (JEL F21, F23, G11, G15)

by Roberto A. De Santis and Paul Ehling0815
(Sep 2007)

 Full text

The role of the exchange rate for adjustment in Boom and Bust episodes. (JEL E32, E63, E65)

by Reiner Martin0813
(Sep 2007)

 Full text

The uncovered return parity condition. (JEL C32, F30, F31, G12)

by Lorenzo Cappiello and Roberto A. De Santis0812
(Sep 2007)

 Full text

Instability and nonlinearity in the Euro area Phillips curve (JEL E52, E58)

by Alberto Musso0811
(Sep 2007)

 Full text

Is the new Keynesian Phillips Curve flat? (JEL C22, E31, E32)

by Keith Kuester0809
(Sep 2007)

 Full text

Model misspecification, the equilibrium natural interest rate and the equity premium

by Oreste Tristani0808
(Sep 2007)

 Full text

Cross-border lending contagion in multinational banks (JEL F37, G21, G28, G31)

by Alexis Derviz and Jiri Podpiera0807
(Sep 2007)

 Full text

Growth accounting for the euro area: a structural approach (JEL C32, C51, E32, O47)

by Tommaso Proietti and Alberto Musso0804
(Aug 2007)

 Full text

Uncovered interest parity at distant horizons: evidence on emerging economies & nonlinearities (JEL E43, F31, F41)

by Arnaud Mehl and Lorenzo Cappiello0801
(Aug 2007)

 Full text

The transmission of US cyclical developments to the rest of the world (JEL E32, E37, F41)

by Stéphane Dées and Isabel Vansteenkiste0798
(Aug 2007)

 Full text

The pricing of risk in European credit and corporate bond markets

by Antje Berndt and Iulian Obreja0805
(Aug 2007)

 Full text

State-dependency and firm-level optimization: a contribution to Calvo price staggering

by Peter McAdam and Alpo Willman0806
(Aug 2007)

 Full text

Optimal monetary policy in an estimated DSGE for the euro area

by Stéphane Adjemian0803
(Aug 2007)

 Full text

Investigating time-variation in the marginal predictive power of the yield spread

by Luca Benati and Charles Goodhart0802
(Aug 2007)

 Full text

Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output

by Luca Benati and Giovanni Vitale0797
(Aug 2007)

 Full text

The impact of exchange rate shocks on sectoral activity and prices in the euro area

by Elke Hahn0796
(Aug 2007)

 Full text

Assessing the impact of a change in the composition of public spending: a DSGE approach

by Roland Straub and Ivan Tchakarov0795
(Aug 2007)

 Full text

Is the corporate bond market forward looking? (JEL G12, G13)

by Jens Hilscher0800
(Aug 2007)

 Full text

Monetary policy shocks in a two-sector open economy: an empirical study (JEL C32, E52, F31, F42)

by Ricardo Llaudes0799
(Aug 2007)

 Full text

(Un)naturally low? Sequential Monte Carlo tracking of the US natural interest rate (JEL C11, C15, E43)

by Marco J. Lombardi and Silvia Sgherri0794
(Aug 2007)

 Full text

Structural econometric approach to bidding in the main refinancing operations of the Eurosystem

by Nuno Cassola0793
(Aug 2007)

 Full text

Euro area market reactions to the monetary developments press release

by Jerome Coffinet and Sylvain Gouteron0792
(Aug 2007)

 Full text

Inquiries on dynamics of transition economy convergence in a two-country model

by Jan Bruha and Jirí Podpiera0791
(Aug 2007)

 Full text

Asset prices, exchange rates and the current account

by Marcel Fratzscher0790
(Aug 2007)

 Full text

Downward nominal wage rigidity in the OECD

by Steinar Holden and Fredrik Wulfsberg0777
(Jul 2007)

 Full text

Aggregating Phillips curves (JEL C10, C22, E31, E52)

by Jean Imbs0785
(Jul 2007)

 Full text

Panel data estimates of the production function and product and labor market imperfections (JEL C23, D21, J51, L13)

by Sabien Dobbelaere and Jacques Mairesse0782
(Jul 2007)

 Full text

Modeling the impact of external factors on the euro area's HICP and real economy: a focus on pass-through and the trade balance (JEL C32, E52)

by Luigi Landolfo0789
(Jul 2007)

 Full text

Evaluating the real effect of bank branching deregulation: comparing contiguous counties across U.S. state borders (JEL G21, G28, O43)

by Rocco R. Huang0788
(Jul 2007)

 Full text

Finance and growth: a macroeconomic assessment of the evidence from a European angle (JEL G00, O00)

by Elias Papaioannou0787
(Jul 2007)

 Full text

The economic impact of merger control: what is special about banking? (JEL D4, G21, G28)

by Elena Carletti0786
(Jul 2007)

 Full text

Understanding the dynamics of labor shares and inflation (JEL E31)

by Martina Lawless and Karl Whelan0784
(Jul 2007)

 Full text

The cyclicality of effective wages within employer-employee matches: evidence from German panel data (JEL E32, J31)

by Silke Anger0783
(Jul 2007)

 Full text

Dynamics and monetary policy in a fair wage model of the business cycle (JEL E4, E5)

by David de la Croix0780
(Jul 2007)

 Full text

On-the-job search and the cyclical dynamics of the labor market (JEL E24, E32, J64)

by Michael U. Krause and Thomas A. Lubik0779
(Jul 2007)

 Full text

Wage inequality in Spain: recent developments (JEL J00, J30)

by Mario Izquierdo and Aitor Lacuesta0781
(Jul 2007)

 Full text

Employment protection legislation and wages (JEL E24, J63, J65)

by Marco Leonardi and Giovanni Pica0778
(Jul 2007)

 Full text

Insights gained from conversations with labor market decision makers (JEL E24, J31, J41)

by Truman F. Bewley0776
(Jul 2007)

 Full text

The dynamic behaviour of budget components and output (JEL E62, E65, E66, H61, H62)

by António Afonso and Peter Claeys0775
(Jul 2007)

 Full text

Shocks, structures or monetary policies? The euro area and US after 2001 (JEL C51, E52, E58)

by Lawrence Christiano0774
(Jul 2007)

 Full text

Exchange rate volatility and growth in small open economies at the EMU periphery (JEL E42, F31, F43)

by Gunther Schnabl0773
(Jul 2007)

 Full text

Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level? (JEL D21, E25)

by Philip Vermeulen0772
(Jun 2007)

 Full text

Policy rate decisions and unbiased parameter estimation in typical monetary policy rules

by Jiri Podpiera0771
(Jun 2007)

 Full text

Welfare implications of Calvo vs. Rotemberg pricing assumptions (JEL E3, E5)

by Giovanni Lombardo and David Vestin0770
(Jun 2007)

 Full text

The ‘Great Moderation' in the United Kingdom (JEL E32, E47, E52, E58)

by Luca Benati0769
(Jun 2007)

 Full text

A new approach to measuring competition in the loan markets of the euro area (JEL D4, G21, L1)

by Michiel van Leuvensteijn, Jacob A. Bikker0768
(Jun 2007)

 Full text

Linear-quadratic approximation, external habit and targeting rules (JEL E37, E52, E58)

by Paul Levine0759
(Jun 2007)

 Full text

Explaining monetary policy in press conferences (JEL E52, E58, G14)

by Michael Ehrmann and Marcel Fratzscher0767
(Jun 2007)

 Full text

How and when do markets tip? Lessons from the Battle of the Bund (JEL G21, G28, L13, L43)

by Estelle Cantillon and Pai-Ling Yin0766
(Jun 2007)

 Full text

Sequential optimization, front-loaded information, and U.S. consumption (JEL D11, D12, D82, E21)

by Alpo Willman0765
(Jun 2007)

 Full text

Robust monetary policy with imperfect knowledge (JEL E52)

by Athanasios Orphanides and John C. Williams0764
(Jun 2007)

 Full text

Short- and long-run tax elasticities: the case of the Netherlands (JEL H2, H62, H68)

by Guido Wolswijk0763
(Jun 2007)

 Full text

Patterns of current account adjustment: insights from past experience (JEL C14, C25, F32)

by Bernardina Algieri and Thierry Bracke0762
(Jun 2007)

 Full text

External imbalances and the US current account: how supply-side changes affect an exchange rate adjustment (JEL E2, F32, F41)

by Philipp Engler0761
(Jun 2007)

 Full text

Modelling intra- and extra-area trade substitution and exchange rate pass-through in the euro area (JEL C5, E31, F17)

by Alistair Dieppe and Thomas Warmedinger0760
(Jun 2007)

 Full text

Red tape and delayed entry (JEL E6, F43, L16)

by Antonio Ciccone and Elias Papaioannou0758
(Jun 2007)

 Full text

The cyclicality of consumption, wages and employment of the public sector in the euro area (JEL E62, E63, H50)

by Ana Lamo0757
(May 2007)

 Full text

Maintaining low inflation: money, interest rates, and policy stance (JEL E3, E41, E52, E58)

by Samuel Reynard0756
(May 2007)

 Full text

Durable goods and their effect on household saving ratios in the euro area (JEL E21, E22)

by Jukka Jalava and Ilja Kristian Kavonius0755
(May 2007)

 Full text

Euro area inflation persistence in an estimated nonlinear DSGE model (JEL C11, C15, E31, E32, E52)

by Gianni Amisano and Oreste Tristani0754
(May 2007)

 Full text

Trade credit defaults and liquidity provision by firms (JEL D92, G20, G30)

by Frederic Boissay and Reint Gropp0753
(May 2007)

 Full text

Econometric analyses with backdated data: unified Germany and the euro area (JEL C32, C43, C82)

by Elena Angelini and Massimiliano Marcellino0752
(May 2007)

 Full text

A look into the factor model black box: publication lags and the role of hard and soft data in forecasting GDP (JEL C53, E37)

by Marta Banbura and Gerhard Rünstler0751
(May 2007)

 Full text

Long run macroeconomic relations in the global economy (JEL C32, E17, F47, R11)

by Stephane Dees, Sean Holly0750
(May 2007)

 Full text

Excess money growth and inflation dynamics (JEL E31, E40)

by Barbara Roffia and Andrea Zaghini0749
(May 2007)

 Full text

Financial dollarization: the role of banks and interest rates (JEL E44, G21)

by Henrique S. Basso0748
(May 2007)

 Full text

Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model (JEL E32, E62)

by Günter Coenen0747
(Apr 2007)

 Full text

U.S. evolving macroeconomic dynamics: a structural investigation (JEL E32, E47, E52, E58)

by Luca Benati and Haroon Mumtaz0746
(Apr 2007)

 Full text

Market discipline, financial integration and fiscal rules: what drives spreads in the euro area government bond market? (JEL C23, G12, G18)

by Simone Manganelli and Guido Wolswijk0745
(Apr 2007)

 Full text

International financial linkages of Latin American banks: the effects of political risk and deposit dollarisation (JEL E42, F36, G21)

by Francisco Ramon-Ballester and Torsten Wezel0744
(Mar 2007)

 Full text

Credit market and macroeconomic volatility (JEL E21, E22, E44, G20)

by Caterina Mendicino0743
(Mar 2007)

 Full text

Sectoral money demand models for the euro area based on a common set of determinants (JEL C32, E41, E59)

by Julian von Landesberger0741
(Mar 2007)

 Full text

The Eurosystem, the US Federal Reserve and the Bank of Japan: similarities and differences (JEL E40, E52, E58)

by Dieter Gerdesmeier0742
(Mar 2007)

 Full text

Transition economy convergence in a two-country model: implications for monetary integration

by Jan Bruha and Jirí Podpiera0740
(Mar 2007)

 Full text

Exchange rate pass-through in emerging markets (JEL C32, E31)

by Michele Ca'Zorzi0739
(Mar 2007)

 Full text

Transaction costs and informational cascades in financial markets; Theory and experimental evidence. (JEL C92, D8, G14)

by Marco Cipriani and Antonio Guarino0736
(Mar 2007)

 Full text

Market based compensation, price informativeness and short-term trading (JEL D82, D86, G39)

by Riccardo Calcagno and Florian Heider0735
(Mar 2007)

 Full text

Structural balances and revenue windfalls: the role of asset prices revisited

by Richard Morris and Ludger Schuknecht0737
(Mar 2007)

 Full text

Commodity prices, money and inflation

by Frank Browne and David Cronin0738
(Mar 2007)

 Full text

Mortgage interest rate dispersion in the euro area (JEL C23, E4, F36, G21, N24)

by Christoffer Kok Sřrensen and Jung-Duk Lichtenberger0733
(Mar 2007)

 Full text

Inflation risk premia in the term structure of interest rates

by Peter Hördahl and Oreste Tristani0734
(Feb 2007)

 Full text

Liquidity shocks and asset price boom/bust cycles

by Ramón Adalid and Carsten Detken0732
(Feb 2007)

 Full text

International trade, technological shocks and spillovers in the labour market; A GVAR analysis of the US manufacturing sector

by Paul Hiebert and Isabel Vansteenkiste0731
(Feb 2007)

 Full text

What drives business cycles and international trade in emerging market economies? (JEL C32, E32, F41)

by Marcelo Sánchez0730
(Feb 2007)

 Full text

Fast micro and slow macro: can aggregation explain the persistence of inflation? (JEL E31, E32)

by Benoît Mojon0729
(Feb 2007)

 Full text

Price changes in Finland: some evidence from micro CPI data (JEL D40, E31, L11)

by Samu Kurri0728
(Feb 2007)

 Full text

Are survey-based inflation expections in the euro area informative? (JEL C40, C42, C50, C53, E37)

by Ricardo Mestre0721
(Feb 2007)

 Full text

Price setting in the euro area: some stylised facts from individual producer price data (JEL C25, D40, E31)

by Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando0727
(Feb 2007)

 Full text

Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions (JEL E52, E58, G14)

by Magnus Andersson0726
(Feb 2007)

 Full text

Inflation Forecasts, monetary policy and unemployment dynamics: evidence from the US and the euro area (JEL C53, E24, E37)

by Carlo Altavilla and Matteo Ciccarelli0725
(Feb 2007)

 Full text

Shocks and frictions in US business cycles: a Bayesian DSGE approach (JEL E4, E5)

by Frank Smets and Raf Wouters0722
(Feb 2007)

 Full text

The transmission of emerging market shocks to global equity markets (JEL F30, F36, G15)

by Marcel Fratzscher0724
(Feb 2007)

 Full text

Asset allocation by penalized least squares (JEL C14, C22, G11)

by Simone Manganelli0723
(Feb 2007)

 Full text

Real price and wage rigidities in a model with matching frictions (JEL E24, E31, E32, J63, J64)

by Keith Kuester0720
(Feb 2007)

 Full text

US imbalances: the role of technology and policy (JEL F3, F4)

by Rudolfs Bems0719
(Jan 2007)

 Full text

Drift and breaks in labor productivity (JEL E30, E32)

by Luca Benati0718
(Jan 2007)

 Full text

Discretion rather than rules? When is discretionary policy-making better than the timeless perspective? (JEL E5)

by Stephan Sauer0717
(Jan 2007)

 Full text

Adjusting to the euro (JEL E21, F32, F36)

by Gabriel Fagan and Vítor Gaspar0716
(Jan 2007)

 Full text

Emerging Asia's growth and integration: how autonomous are business cycles? (JEL F02, F15, F41)

by Rasmus Rüffer0715
(Jan 2007)

 Full text

The dynamics of bank spreads and financial structure (JEL E43, G21)

by Reint Gropp0714
(Jan 2007)

 Full text

Balance of payment crises in emerging markets: how early were the "early" warning signals? (JEL C23, F14, F15)

by Matthieu Bussičre0713
(Jan 2007)

 Full text

Opening the black box: structural factor models with large gross-sections (JEL C1, E0)

by Mario Forni, Domenico Giannone0712
(Jan 2007)

 Full text

What "hides" behind sovereign debt ratings? (JEL C23, C25, E44, F30, F34, G15, H63)

by António Afonso0711
(Jan 2007)

 Full text

Pricing of settlement link services and mergers of central securities depositories (JEL G15, G21, L13)

by Jens Tapking0710
(Jan 2007)

 Full text

Quantifying and sustaining welfare gains from monetary commitment (JEL E37, E52, E58)

by Paul Levine0709
(Jan 2007)

 Full text

Regional housing market spillovers in the US: lessons from regional divergences in a common monetary policy setting

by Isabel Vansteenkiste0708
(Jan 2007)

 Full text

Ramsey monetary policy with labour market frictions (JEL E24, E52)

by Ester Faia0707
(Jan 2007)

 Full text

2006

What drives investors' behaviour in different FX market segments? A VAR-based return decomposition analysis (forthcoming)

by Olli Castrén0706
(Dec 2006)

 Full text

What does a technology shock do? A VAR analysis with model-based sign restrictions (forthcoming)

by Luca Dedola and Stefano Neri0705
(Dec 2006)

 Full text

Are money and consumption additively separable in the euro area? A non-parametric approach (JEL C14, C63, E41)

by Barry E. Jones and Livio Stracca0704
(Dec 2006)

 Full text

Comovements in volatility in the euro money market (forthcoming)

by Nuno Cassola and Claudio Morana0703
(Dec 2006)

 Full text

Comparing financial systems: a structural analysis (JEL C13, E20, E44)

by Sylvain Champonnois0702
(Dec 2006)

 Full text

Is there a single frontier in a single European banking market? (JEL G21, L11, L22, L23)

by Jaap W. B. Bos and Heiko Schmiedel0701
(Dec 2006)

 Full text

Forecasting using a large number of predictors: Is Bayesian regression a valid alternative to principal components? (JEL C11, C13, C33, C53)

by Christine De Mol0700
(Dec 2006)

 Full text

The behaviour of producer prices: some evidence from the French PPI micro data (JEL D43, E31, L11, L16)

by Erwan Gautier0699
(Dec 2006)

 Full text

Optimal monetary policy rules with labor market frictions (JEL E24, E52)

by Ester Faia0698
(Nov 2006)

 Full text

How wages change: micro evidence from the International Wage Flexibility Project (JEL E3, J3, J5)

by William T. Dickens, Lorenz Götte, Erica L. Groshen, Steinar Holden, Julián Messina, Mark E. Schweitzer0697
(Nov 2006)

 Full text

What is global excess liquidity, and does it matter? (JEL E52, F42)

by Rasmus Rüffer and Livio Stracca0696
(Nov 2006)

 Full text

Geography or skills: What explains Fed watchers' forecast accuracy of US monetary policy? (JEL E52, E58, G14)

by Helge Berger0695
(Nov 2006)

 Full text

Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar (JEL F02, F30, G11, G15)

by Elias Papaioannou0694
(Nov 2006)

 Full text

Evaluating China's integration in world trade with a gravity model based benchmark (JEL C23, F14, F15)

by Matthieu Bussičre and Bernd Schnatz0693
(Nov 2006)

 Full text

Bayesian inference in cointegrated VAR models: with applications to the demand for euro area M3 (JEL C11, C15, C32, E41)

by Anders Warne0692
(Nov 2006)

 Full text

The yield curve as a predictor and emerging economies (JEL C5, E44, F3)

by Arnaud Mehl0691
(Nov 2006)

 Full text

Optimal simple monetary policy rules and non-atomistic wage setters in a New-Keynesian framework (JEL E24, E52)

by Stefano Gnocchi0690
(Oct 2006)

 Full text

The effect of financial development on the investment cash flow relationship: cross-country evidence from Europe (JEL E22, E44, G31, L10)

by Bo Becker and Jagadeesh Sivadasan0689
(Oct 2006)

 Full text

Determinants of workers' remittances: evidence from the European Neighbouring Region (JEL D13, D64, F22, F24, O15)

by Ioana Schiopu and Nikolaus Siegfried0688
(Oct 2006)

 Full text

Credit growth in Central and Eastern Europe: new (over)shooting stars? (JEL C31, C33, E44, G21)

by Balázs Égert0687
(Oct 2006)

 Full text

Stale information, shocks and volatility (JEL G14, G21)

by Reint Gropp and Arjan Kadareja0686
(Oct 2006)

 Full text

Home bias in global bond and equity markets: the role of real exchange rate volatility (JEL F30, F31, G11, G15)

by Michael Fidora0685
(Oct 2006)

 Full text

Inflation dynamics and regime shifts (forthcoming)

by Julia Lendvai0684
(Oct 2006)

 Full text

Financial integration of new EU Member States (JEL C32, F30, G12)

by Lorenzo Cappiello, Bruno Gérard0683
(Oct 2006)

 Full text

Is reversion to PPP in euro exchange rates non-linear? (JEL F31)

by Bernd Schnatz0682
(Oct 2006)

 Full text

Regional inflation dynamics within and across euro area countries and a comparison with the US

by Günter W. Beck0681
(Oct 2006)

 Full text

Comparing alternative predictors based on large-panel factor models (JEL C31, C52, C53)

by Antonello D'Agostino and Domenico Giannone0680
(Oct 2006)

 Full text

Monetary policy in the media (JEL E52, E58)

by Helge Berger0679
(Sep 2006)

 Full text

The geography of international portfolio flows, international CAPM and the role of monetary policy frameworks (JEL C13, C21, F37, G11)

by Roberto A. De Santis0678
(Sep 2006)

 Full text

What drives EU banks' stock returns? Bank-level evidence using the dynamic dividend-discount model (JEL C33, G12, G21)

by Olli Castren0677
(Sep 2006)

 Full text

The distribution of contract durations across firms: a unified framework for understanding and comparing dynamic wage and price setting models (JEL E50)

by Huw Dixon0676
(Sep 2006)

 Full text

Expansionary fiscal consolidations in Europe: new evidence (JEL C23, E21, E62)

by António Afonso0675
(Sep 2006)

 Full text

A quasi maximum likelihood approach for large approximate dynamic factor models (JEL C32, C33, C51)

by Catherine Doz0674
(Sep 2006)

 Full text

Optimal monetary policy in the generalized Taylor economy (JEL E32, E52, E58)

by Engin Kara0673
(Sep 2006)

 Full text

Understanding inflation persistence: a comparison of different models (JEL E17, E3)

by Huw Dixon and Engin Kara0672
(Sep 2006)

 Full text

Business cycle synchronisation in East Asia (JEL E30, F00)

by Fabio Moneta and Rasmus Rüffer0671
(Aug 2006)

 Full text

The importance of being mature: the effect of demographic maturation on global per-capita GDP (JEL J13, J22, J24, O11, O40)

by Rafael Gómez and Pablo Hernández de Cos0670
(Aug 2006)

 Full text

Regular adjustment: theory and practice (JEL D01, E31, E52, L11)

by Jerzy (Jurek) D. Konieczny and Fabio Rumler0669
(Aug 2006)

 Full text

Declining valuations and equilibrium bidding in central bank refinancing operations (JEL D44, E52)

by Christian Ewerhart0668
(Aug 2006)

 Full text

The behaviour of the real exchange rate: evidence from regression quantiles (JEL F31)

by Kleopatra Nikolaou0667
(Aug 2006)

 Full text

Quantifying the impact of structural reforms (JEL C61, E32)

by Ekkehard Ernst, Gang Gong0666
(Aug 2006)

 Full text

The euro as invoicing currency in international trade (JEL F41, F42, L11)

by Annette Kamps0665
(Aug 2006)

 Full text

Fiscal convergence before entering the EMU (JEL E61, E62, H30)

by Luca Onorante0664
(Jul 2006)

 Full text

Monetary conservatism and fiscal policy (JEL E52, E62, E63)

by Klaus Adam and Roberto M. Billi0663
(Jul 2006)

 Full text

Cross-border bank contagion in Europe (JEL F36, G15, G21)

by Reint Gropp0662
(Jul 2006)

 Full text

Fiscal policy in a monetary economy with capital and finite lifetime (JEL E52, E58, E63)

by Barbara Annicchiarico0661
(Jul 2006)

 Full text

The Italian block of the ESCB multi-country model (JEL C3, C5, E1, E2)

by Elena Angelini0660
(Jul 2006)

 Full text

Monetary policy rules in the pre-EMU era: Is there a common rule? (JEL E58, F41)

by Maria Eleftheriou0659
(Jul 2006)

 Full text

The response of firmsinvestment and financing to adverse cash flow shocks: the role of bank relationships (JEL D92)

by Catherine Fuss and Philip Vermeulen0658
(Jul 2006)

 Full text

The impact of ECB monetary policy decisions and communication on the yield curve (JEL E43, E58)

by Claus Brand0657
(Jul 2006)

 Full text

Public debt and long-term interest rates: the case of Germany, Italy and the USA (JEL E6, H63)

by Paolo Paesani0656
(Jul 2006)

 Full text

Fiscal and monetary policy in the enlarged European Union (forthcoming)

by Sabina Pogorelec0655
(Jul 2006)

 Full text

The German block of the ESCB multi-country model (JEL C3, C5, E1, E2)

by Igor Vetlov and Thomas Warmedinger0654
(Jul 2006)

 Full text

Acquisition versus greenfield: the impact of the mode of foreign bank entry on information and bank lending rates (JEL D4, G21, L31)

by Sophie Claeys and Christa Hainz0653
(Jul 2006)

 Full text

Consumer price adjustment under the microscope: Germany in a period of low inflation (JEL D43, E31, L11)

by Johannes Hoffmann and Jeong-Ryeol Kurz-Kim0652
(Jul 2006)

 Full text

On the determinants of external imbalances and net international portfolio flows: a global perspective (JEL F21, F32, F41, O16)

by Roberto A. De Santis and Melanie Lührmann0651
(Jul 2006)

 Full text

A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility (JEL E58, F31, F33, G15)

by Eric Hillebrand and Gunther Schnabl0650
(Jun 2006)

 Full text

Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers (JEL E52, E63)

by Campbell Leith and Leopold von Thadden0649
(Jun 2006)

 Full text

Firm-specific production factors in a DSGE model with Taylor price setting (JEL E1, E3)

by Gregory de Walque0648
(Jun 2006)

 Full text

The economic effects of exogenous fiscal shocks in Spain: a SVAR approach (JEL E62, H30)

by Francisco de Castro Fernández and Pablo Hernández de Cos0647
(Jun 2006)

 Full text

The Dutch block of the ESCB multi-country model (JEL C3, C5, E1, E2)

by Elena Angelini0646
(Jun 2006)

 Full text

Are internet prices sticky? (JEL E31, L11)

by Patrick Lünnemann and Ladislav Wintr0645
(Jun 2006)

 Full text

Adaptive learning, persistence, and optimal monetary policy (JEL E52)

by Vítor Gaspar0644
(Jun 2006)

 Full text

Inflation forecast-based-rules and indeterminacy: a puzzle and a resolution (JEL E37, E52, E58)

by Paul Levine0643
(Jun 2006)

 Full text

Financing constraints and firms' cash policy in the euro area (JEL D92, G3, G32)

by Rozália Pál and Annalisa Ferrando0642
(Jun 2006)

 Full text

A factor risk model with reference returns for the US dollar and Japanese yen bond markets (JEL C15, C32, C53, G11, G15)

by Carlos Bernadell0641
(Jun 2006)

 Full text

Employment stickiness in small manufacturing firms (JEL E24)

by Philip Vermeulen0640
(Jun 2006)

 Full text

Optimal monetary policy with uncertainty about financial frictions (JEL E44, E52, E58, E61)

by Richhild Moessner0639
(Jun 2006)

 Full text

Detecting and predicting forecast breakdowns

by Raffaella Giacomini and Barbara Rossi0638
(Jun 2006)

 Full text

Transparency, expectations, and forecasts (JEL C33, E59)

by Andrew Bauer, Robert Eisenbeis0637
(Jun 2006)

 Full text

Exchange rate stabilization in developed and underdeveloped capital markets (JEL F31)

by Viera Chmelarova and Gunther Schnabl0636
(Jun 2006)

 Full text

Identifying the role of labor markets for monetary policy in an estimated DSGE model (JEL C11, E32, E52, J64)

by Kai Christoffel0635
(Jun 2006)

 Full text

Expenditure reform in industrialised countries: a case study approach (JEL H5, H6, O57)

by Sebastian Hauptmeier0634
(May 2006)

 Full text

Nowcasting GDP and inflation: the real-time informational content of macroeconomic data (forthcoming)

by Domenico Giannone0633
(May 2006)

 Full text

Does information help recovering structural shocks from past observations? (forthcoming)

by Domenico Giannone and Lucrezia Reichlin0632
(May 2006)

 Full text

Which news moves the euro area bond market? (JEL E43, E44, E58)

by Magnus Andersson0631
(May 2006)

 Full text

Sectoral explanations of employment in Europe: the role of services (forthcoming)

by Antonello D’Agostino0625
(May 2006)

 Full text

Implications of monetary union for catching-up member states (JEL E52, E58, F33, F40)

by Marcelo Sánchez0630
(May 2006)

 Full text

A market microstructure analysis of foreign exchange intervention (JEL D82, G14, G15)

by Paolo Vitale0629
(May 2006)

 Full text

Long-run money demand in the new EU Member States with exchange rate effects (JEL C23, E41, E52)

by Christian Dreger0628
(May 2006)

 Full text

Euro area banking sector integration: using hierarchical cluster analysis techniques (JEL C49, F36, G21)

by Christoffer Kok Sřrensen and Josep Maria Puigvert Gutiérrez0627
(May 2006)

 Full text

Financial integration, international portfolio choice and the European Monetary Union (JEL C13, C21, F37, G11)

by Roberto A. De Santis and Bruno Gérard0626
(May 2006)

 Full text

Foreign reserves management subject to a policy objective (JEL F31, G11)

by Joachim Coche, Matti Koivu0624
(May 2006)

 Full text

Human capital, the structure of production, and growth (JEL E13, F11, O11)

by Antonio Ciccone and Elias Papaioannou0623
(May 2006)

 Full text

Short-term forecasts of euro area real GDP growth: an assessment of real-time performance based on vintage data (JEL C22, C53, E17, E37, E66)

by Marie Diron0622
(May 2006)

 Full text

Assessing predetermined expectations in the standard sticky-price model: a Bayesian approach (JEL C51, E43, E52)

by Peter Welz0621
(May 2006)

 Full text

Does fiscal policy matter for the trade account? A panel cointegration study (JEL E62, F32, F41)

by Katja Funke and Christiane Nickel0620
(May 2006)

 Full text

Cyclical inflation divergence and different labor market institutions in the EMU (JEL E24, E52)

by Alessia Campolmi and Ester Faia0619
(May 2006)

 Full text

The patterns and determinants of price setting in the Belgian industry (JEL D40, E31)

by David Cornille and Maarten Dossche0618
(May 2006)

 Full text

New survey evidence on the pricing behaviour of Luxembourg firms (JEL C14, C21, C22)

by Patrick Lünnemann and Thomas Y. Mathä0617
(May 2006)

 Full text

Global financial transmission of monetary policy shocks

by Michael Ehrmann and Marcel Fratzscher0616
(Apr 2006)

 Full text

Quantitative goals for monetary policy

by Antonio Fatás0615
(Apr 2006)

 Full text

Expenditure switching vs. real exchange rate stabilization: competing objectives for exchange rate policy

by Michael B. Devereux and Charles Engel0614
(Apr 2006)

 Full text

Welfare-based monetary policy rules in an estimated DSGE model of the US economy (forthcoming)

by Michel Juillard, Philippe Karam0613
(Apr 2006)

 Full text

Optimal fiscal and monetary policy in a medium-scale macroeconomic model

by Stephanie Schmitt-Grohé and Martín Uribe0612
(Apr 2006)

 Full text

Monetary policy, determinacy, and learnability in the open economy (forthcoming)

by James Bullard and Eric Schaling0611
(Apr 2006)

 Full text

Real-time model uncertainty in the United States: the Fed from 1996-2003

by Robert J. Tetlow and Brian Ironside0610
(Apr 2006)

 Full text

The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation (forthcoming)

by Willem H. Buiter0609
(Apr 2006)

 Full text

How does information affect the comovement between interest rates and exchange rates?

by Marcelo Sánchez0608
(Apr 2006)

 Full text

Price setting behaviour in the Netherlands: results of a survey (JEL D40, E30)

by Ad C.J. Stokman and Marco M. Hoeberichts0607
(Apr 2006)

 Full text

Measuring the importance of the uniform nonsynchronization hypothesis (JEL D40, E31, L11)

by Daniel Dias0606
(Apr 2006)

 Full text

(Un)Predictability and macroeconomic stability (JEL C22, C53, E37, E47)

by Antonello D’Agostino0605
(Apr 2006)

 Full text

A dynamic model of settlement (JEL E4, E5)

by Thorsten Volker Koeppl0604
(Apr 2006)

 Full text

Estimating multi-country VAR models (JEL C3, C5, E5)

by Fabio Canova and Matteo Ciccarelli0603
(Apr 2006)

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Job flow dynamics and firing restrictions: evidence from Europe (JEL J23, J63, J68)

by Julián Messina and Giovanna Vallanti0602
(Apr 2006)

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Excess burden and the cost of inefficiency in public services provision (JEL D11, E62, H21, H50)

by António Afonso and Vítor Gaspar0601
(Apr 2006)

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A speed limit monetary policy rule for the euro area (JEL E52, E58)

by Livio Stracca0600
(Apr 2006)

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What effects is EMU having on the euro area and its member countries? An overview (JEL E42, F13, F33, F42)

by Francesco Paolo Mongelli and Juan Luis Vega0599
(Mar 2006)

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The impact of the euro on financial markets (JEL C22, E43, E44, F36, G12)

by Lorenzo Cappiello, Peter Hördahl0598
(Mar 2006)

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Price setting and inflation persistence: did EMU matter? (JEL E31, E42, E52)

by Ignazio Angeloni0597
(Mar 2006)

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Trends and cycles in the euro area: how much heterogeneity and should we worry about it? (JEL C33, C53, E32, F2, F43)

by Domenico Giannone and Lucrezia Reichlin0595
(Mar 2006)