EU - Central bank research hub

Monetary policy shocks in the euro area and global liquidity spillovers

by João Sousa and Andrea Zaghini

European Central Bank Working Papers (Paper: 0309, 13.04.2004)

JEL: E52, F01
Designing targeting rules for international monetary policy cooperation

by Pierpaolo Benigno and Gianluca Benigno

European Central Bank Working Papers (Paper: 0279, 13.04.2004)

JEL: E52, F41, F42
Modelling inflation in the euro area

by Eilev S. Jansen

European Central Bank Working Papers (Paper: 0322, 13.04.2004)

JEL: C22, C32, C52, C53, E31
Bank mergers, competition and liquidity

by Philipp Hartmann , Giancarlo Spagnolo and Elena Carletti

European Central Bank Working Papers (Paper: 0292, 13.04.2004)

JEL: D43, G21, G28, L13
Indeterminacy of rational expectations equilibria in sequential financial markets

by Paola Donati

European Central Bank Working Papers (Paper: 0262, 13.04.2004)

JEL: D52, D80, D82, E52
Understanding the impact of the external dimension on the euro area: trade, capital flows and other international macroeconomic linkages

by Fabio Moneta , Robert Anderton and Filippo di Mauro

European Central Bank Occasional Papers (Paper: 012, 01.04.2004)

The acceding countries¿ strategies towards ERM II and the adoption of the euro: an analytical review

by Peter Backé , Christian Thimann , Carolin Nerlich , Olga Arratibel , Arnaud Mehl and Oscar Calvo-Gonzalez

European Central Bank Occasional Papers (Paper: 010, 01.04.2004)

An introduction to the ECB's survey of professional forecasters

by Juan Angel García

European Central Bank Occasional Papers (Paper: 008, 01.04.2004)

Banking integration in the euro area

by Jukka Vesala , Frank Dierick and Inês Cabral

European Central Bank Occasional Papers (Paper: 006, 01.04.2004)

Labour force developments in the euro area since the 1980s

by Ramón Gómez-Salvador and Véronique Genre

European Central Bank Occasional Papers (Paper: 004, 01.04.2004)

The effective exchange rates of the euro

by Stelios Makrydakis , Christian Thimann and Luca Buldorini

European Central Bank Occasional Papers (Paper: 002, 01.04.2004)

Fair value accounting and financial stability

by Sergio Grittini , Fatima Pires , Paolo Poloni , Philippe Molitor , Frank Dierick , Angela Maddaloni , Andrew Haralambous , Lorenzo Cappiello and Andrea Enria

European Central Bank Occasional Papers (Paper: 013, 01.04.2004)

Official dollarisation/euroisation: motives, features and policy implications of current cases

by Francesco Mazzaferro , Christian Thimann , Carolin Nerlich and Adalbert Winkler

European Central Bank Occasional Papers (Paper: 011, 01.04.2004)

Fiscal adjustment between 1991 and 2002: Stylised facts and policy implications

by Maria Gabriella Briotti

European Central Bank Occasional Papers (Paper: 009, 01.04.2004)

Economic relations with regions neighbouring the euro area in the "euro time zone"

by Francesco Mazzaferro , Christian Thimann , Michael Sturm , Arnaud Mehl and Adalbert Winkler

European Central Bank Occasional Papers (Paper: 007, 01.04.2004)

The evolution of clearing and central counterparty services for exchange-traded derivatives in the United States and Europe: a comparison

by Terry L. Hart , Andreas Schönenberger and Daniela Russo

European Central Bank Occasional Papers (Paper: 005, 01.04.2004)

Estimating the trend of M3 income velocity underlying the reference value for monetary growth

by Dieter Gerdesmeier , Claus Brand and Barbara Roffia

European Central Bank Occasional Papers (Paper: 003, 01.04.2004)

Interest rate reaction functions and the Taylor rule in the euro area

by Petra Gerlach-Kristen

European Central Bank Working Papers (Paper: 0258, 22.09.2003)

JEL: C22, E52
Implicit tax co-ordination under repeated policy interactions

by Marco Catenaro and Jean-Pierre Vidal

European Central Bank Working Papers (Paper: 0259, 22.09.2003)

JEL: E61, H87
Macroeconomic modelling of monetary policy

by Matt Klaeffling

European Central Bank Working Papers (Paper: 0257, 22.09.2003)

JEL: C12, E52
Information acquisition and decision making in committees: a survey

by Kerstin Gerling

European Central Bank Working Papers (Paper: 0256, 10.09.2003)

JEL: D71, E52
Forecasting real GDP: what role for narrow money?

by C. Brand

European Central Bank Working Papers (Paper: 0254, 10.09.2003)

JEL: E41, E52, E58
Is the demand for euro area M3 stable?

by Annick Bruggeman

European Central Bank Working Papers (Paper: 0255, 10.09.2003)

JEL: C22, C32, E41
Bond market inflation expectations and longer-term trends in broad monetary growth and inflation in industrial countries, 1880-2001

by William G. Dewald

European Central Bank Working Papers (Paper: 0253, 10.09.2003)

JEL: E3, E50
Interpolation and backdating with a large information set

by Elena Angelini

European Central Bank Working Papers (Paper: 0252, 19.08.2003)

JEL: C32, C43, C82
Consumption

by Alpo Willman

European Central Bank Working Papers (Paper: 0251, 18.08.2003)

JEL: D12, E21
Forecasting euro area inflation: Does aggregating forecasts by HICP component improve forecast accuracy?

by Kirstin Hubrich

European Central Bank Working Papers (Paper: 0247, 15.08.2003)

JEL: C32, C53, E31, E37
Persistence

by Ignazio Angeloni

European Central Bank Working Papers (Paper: 0250, 15.08.2003)

JEL: E4, E5
Exchange rates and fundamentals

by Kenneth D. West and Charles Engel

European Central Bank Working Papers (Paper: 0248, 15.08.2003)

JEL: F31, F37, G12, G15
Trade advantages and specialisation dynamics in acceding countries

by Andrea Zaghini

European Central Bank Working Papers (Paper: 0249, 15.08.2003)

JEL: E23, F14, F15
Public finances and long-term growth in Europe ¿ evidence from a panel data analysis

by Rolf Strauch and Diego Romero de Ávila

European Central Bank Working Papers (Paper: 0246, 31.07.2003)

JEL: C22, C23, H11, O11
Money and payments: a modern perspective

by Cyril Monnet and Cornelia Holthausen

European Central Bank Working Papers (Paper: 0245, 28.07.2003)

JEL: E40, E41, N10
How does the ECB allot liquidity in its weekly main refinancing operations? A look at the empirical evidence

by Steen Ejerskov

European Central Bank Working Papers (Paper: 0244, 26.07.2003)

Pass-through of external shocks to euro area inflation

by Elke Hahn

European Central Bank Working Papers (Paper: 0243, 23.07.2003)

JEL: C32, E31
Public sector efficiency: an international comparison

by António Afonso

European Central Bank Working Papers (Paper: 0242, 05.07.2003)

JEL: C14, H50
Maintaining price stability under free-floating: a fearless way out of the corner?

by Carsten Detken and Vítor Gaspar

European Central Bank Working Papers (Paper: 0241, 04.07.2003)

JEL: E58, E63, F41
Monetary policy transmission in the euro area: any changes after EMU?

by Ignazio Angeloni and Michael Ehrmann

European Central Bank Working Papers (Paper: 0240, 01.07.2003)

JEL: E43, E52, G21
Temporary shocks and unavoidable transitions to a high-unemployment regime

by Wouter J. den Haan

European Central Bank Working Papers (Paper: 0239, 01.07.2003)

JEL: C62, D50, E24, E62, J64
The impact of monetary union on trade prices

by Robert Anderton

European Central Bank Working Papers (Paper: 0238, 29.06.2003)

JEL: D40, F15, F31
The euro area financial system: structure

by Philipp Hartmann

European Central Bank Working Papers (Paper: 0230, 23.06.2003)

JEL: F36, G00
Monetary policy shocks - a nonfundamental look at the data

by Matt Klaeffing

European Central Bank Working Papers (Paper: 0228, 23.06.2003)

JEL: C12, E52
The central bank as a risk manager: quantifying and forecasting inflation risks

by Lutz Kilian and Simone Manganelli

European Central Bank Working Papers (Paper: 0226, 23.06.2003)

JEL: C22, E31, E37, E52, E58
Inflation dynamics and subjective expectations in the United States

by Mario Padula and Klaus Adam

European Central Bank Working Papers (Paper: 0222, 23.06.2003)

JEL: E31
Growth expectations

by Olli Castrén

European Central Bank Working Papers (Paper: 0237, 23.06.2003)

JEL: F32, F41, G15
The allocation of competencies in an international union: a positive analysis

by Michele Ruta

European Central Bank Working Papers (Paper: 0220, 23.06.2003)

JEL: D72, F02, H77, P16
Volatility of interest rates in the euro area: evidence from high frequency data

by Nuno Cassola and Claudio Morana

European Central Bank Working Papers (Paper: 0235, 23.06.2003)

The natural real rate of interest in the euro area

by Nicola Giammarioli and Natacha Valla

European Central Bank Working Papers (Paper: 0233, 23.06.2003)

Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

by Günter Coenen

European Central Bank Working Papers (Paper: 0231, 23.06.2003)

JEL: E31, E52, E58, E61
How does the ECB target inflation?

by Paolo Surico

European Central Bank Working Papers (Paper: 0229, 23.06.2003)

JEL: E52, E58
Monetary policy in a low pass-through environment

by Tommaso Monacelli

European Central Bank Working Papers (Paper: 0227, 23.06.2003)

JEL: E32, E52, F41