EU - Central bank research hub

Estimating the effects of fiscal policy in OECD countries

by Roberto Perotti

European Central Bank Working Papers (Paper: 0168, 02.04.2003)

JEL: E62, H30
G-7 Inflation forecasts

by Fabio Canova

European Central Bank Working Papers (Paper: 0151, 02.04.2003)

Analysing and combining multiple credit assessments of financial institutions

by Anna Vinci and Evangelos Tabakis

European Central Bank Working Papers (Paper: 0123, 02.04.2003)

JEL: C21, C51, G15, G21, G28
Inflation dynamics and international linkages: a model of the United States

by Volker Wieland and Günter Coenen

European Central Bank Working Papers (Paper: 0181, 02.04.2003)

JEL: E31, E52, E58, E61
Monetary and fiscal policy interactions in a micro-founded model of a monetary union

by Henrik Jensen and Roel Beetsma

European Central Bank Working Papers (Paper: 0166, 02.04.2003)

Retail bank interest rate pass-through: new evidence at the euro area level

by Gabe de Bondt

European Central Bank Working Papers (Paper: 0136, 02.04.2003)

JEL: E43, G21
A model of the Eurosystem's operational framework for monetary policy implementation

by Christian Ewerhart

European Central Bank Working Papers (Paper: 0197, 02.04.2003)

JEL: E51, G28
Optimal monetary policy with durable and non-durable goods

by Andrew T. Levin and Christopher J. Erceg

European Central Bank Working Papers (Paper: 0179, 02.04.2003)

Natural rate doubts

by Andreas Beyer and Roger E. A. Farmer

European Central Bank Working Papers (Paper: 0121, 02.04.2003)

Euro area corporate debt securities market: first empirical evidence

by Gabe de Bondt

European Central Bank Working Papers (Paper: 0164, 02.04.2003)

JEL: E44, G32
The cost of private transportation in the Netherlands

by Jan Van Dalen and Ben Bode

European Central Bank Working Papers (Paper: 0134, 02.04.2003)

JEL: C43, D12, E31
In-sample or out-of-sample tests of predictability: which one should we use?

by Lutz Kilian and Atsushi Inoue

European Central Bank Working Papers (Paper: 0195, 02.04.2003)

A theory of the currency denomination of international trade

by Philippe Bacchetta and Eric van Wincoop

European Central Bank Working Papers (Paper: 0177, 02.04.2003)

JEL: F31, F41
The Spanish block of the ESCB-multi-country model

by Alpo Willman and Angel Estrada

European Central Bank Working Papers (Paper: 0149, 02.04.2003)

JEL: E10, E13, E17
Monetary policy and the stock market in the euro area

by Nuno Cassola and Claudio Morana

European Central Bank Working Papers (Paper: 0119, 02.04.2003)

Sustainability of public finances and automatic stabilisation under a rule of budgetary discipline

by José Marín

European Central Bank Working Papers (Paper: 0193, 02.04.2003)

JEL: E61, H62, H63
Public debt asymmetries: the effect on taxes and spending in the European Union

by Signe Krogstrup

European Central Bank Working Papers (Paper: 0162, 02.04.2003)

JEL: F02, H23, H6, H73, H87
Inflation dynamics and dual inflation in accession countries: a

by Olga Arratibel

European Central Bank Working Papers (Paper: 0132, 02.04.2003)

Time-to-build approach in a sticky price

by Miguel Casares

European Central Bank Working Papers (Paper: 0147, 02.04.2003)

JEL: E12, E22, E47
Hedonic house prices without characteristics: the case of new multiunit housing

by Pilar Velilla and Olympia Bover

European Central Bank Working Papers (Paper: 0117, 02.04.2003)

Monetary policy and the zero bound to interest rates: a review

by Tony Yates

European Central Bank Working Papers (Paper: 0190, 02.04.2003)

JEL: E3, E52, F41
Model uncertainty and the equilibrium value of the real effective euro exchange rate

by C. Detken

European Central Bank Working Papers (Paper: 0160, 02.04.2003)

Harmonized indexes of consumer prices: their conceptual foundations

by Erwin Diewert

European Central Bank Working Papers (Paper: 0130, 02.04.2003)

Monetary policy and the financial accelerator in a monetary union

by Simon Gilchrist

European Central Bank Working Papers (Paper: 0175, 02.04.2003)

Towards a new early warning system of financial crises

by Matthieu Bussiere and Marcel Fratzscher

European Central Bank Working Papers (Paper: 0145, 02.04.2003)

JEL: F30, F31, F47
Monetary Transmission in the Euro Area: Where Do We Stand?

by Daniele Terlizzese , Ignazio Angeloni , Benoît Mojon and Anil Kashyap

European Central Bank Working Papers (Paper: 0114, 02.04.2003)

Should central banks really be flexible?

by Hans Peter Grüner

European Central Bank Working Papers (Paper: 0188, 02.04.2003)

JEL: E52, E58
Quantifying embodied technological change

by Daniel J. Wilson and Plutarchos Sakellaris

European Central Bank Working Papers (Paper: 0158, 02.04.2003)

JEL: D24, L60, O3
Openness

by Frank Smets and Raf Wouters

European Central Bank Working Papers (Paper: 0128, 02.04.2003)

Openness and equilibrium determinacy under interest rate rules

by Zheng Liu and Fiorella De Fiore

European Central Bank Working Papers (Paper: 0173, 02.04.2003)

JEL: E52, E58, F41
A nonparametric method for valuing new goods

by Laura Blow and Ian Crawford

European Central Bank Working Papers (Paper: 0143, 02.04.2003)

JEL: C43, D11
Optimal contracts in a dynamic costly state verification model

by Cyril Monnet and Erwan Quintin

European Central Bank Working Papers (Paper: 0126, 02.04.2003)

JEL: C7, D8
Using money market rates to assess the alternatives of fixed vs. variable rate tenders: the lesson from 1989-1998 data for Germany

by Michele Manna

European Central Bank Working Papers (Paper: 0186, 02.04.2003)

JEL: E4, E5, G2, N2
Identifying endogenous fiscal policy rules for macroeconomic models

by Javier J. Pérez and Paul Hiebert

European Central Bank Working Papers (Paper: 0156, 02.04.2003)

JEL: C5, C62, E6
An estimated stochastic dynamic general equilibrium model of the euro area

by Raf Wouters and Frank Smets

European Central Bank Working Papers (Paper: 0171, 02.04.2003)

JEL: E4, E5
Asset prices and fiscal balances

by Felix Eschenbach and Ludger Schuknecht

European Central Bank Working Papers (Paper: 0141, 02.04.2003)

JEL: E6, G1, H3, H6