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Central Bank Research Hub - European Central Bank Working papers



The impact of high and growing government debt on economic growth: an empirical investigation for the euro area, (JEL E43, E62, H63, O40)

by Cristina Checherita, Philipp Rother1237
(23 Aug 2010)

 Full text

Is the new keynesian IS curve structural?, (JEL E21, E44, E52)

by Livio Stracca1236
(23 Aug 2010)

 Full text

A note on identification patterns in DSGE models,

by Michal Andrle1235
(23 Aug 2010)

 Full text

Imposing parsimony in cross-country growth regressions, (JEL C20, C52, O40, O47)

by Marek Jarocinski1234
(23 Aug 2010)

 Full text

Bank heterogeneity and monetary policy transmission, (JEL C14, E44, E52, G21)

by Sophocles N. Brissimis, Manthos D. Delis1233
(16 Aug 2010)

 Full text

The impact of monetary policy shocks on commodity prices, (JEL C32, E31, E40)

by Alessio Anzuini, Marco J. Lombardi, Patrizio Pagano1232
(05 Aug 2010)

 Full text

Real convergence and its illusions, (JEL D58, E32, F41)

by Marcin Kolasa1231
(02 Aug 2010)

 Full text

Time variation in U.S. wage dynamics, (JEL C32, E24, E31, E42, E52)

by Boris Hofmann, Gert Peersman, Roland Straub1230
(22 Jul 2010)

 Full text

Inflation and inflation uncertainty in the euro area, (JEL C22, E31, E52)

by Guglielmo Maria Caporale, Paolo Paesani, Luca Onorante1229
(22 Jul 2010)

 Full text

Trusting the bankers: a new look at the credit channel of monetary policy, (JEL E32, E44, E5, G01, G21)

by Matteo Ciccarelli, Angela Maddaloni, José-Luis Peydró1228
(22 Jul 2010)

 Full text

Exports and sectoral financial dependence: evidence on French firms during the great global crisis, (JEL F02, F10, G01)

by Jean-Charles Bricongne, Lionel Fontagné, Guillaume Gaulier, Daria Taglioni, Vincent Vicard1227
(21 Jul 2010)

 Full text

Chronicle of currency collapses: re-examining the effects on output, (JEL E32, F31, F41, F43)

by Matthieu Bussière, Sweta C. Saxena, Camilo E. Tovar1226
(16 Jul 2010)

 Full text

Price and wage formation in Portugal,

by Carlos Robalo Marques, Fernando Martins, Pedro Portugal1225
(16 Jul 2010)

 Full text

Wages, labor or prices: how do firms react to shocks?,

by Emmanuel Dhyne, Martine Druant1224
(16 Jul 2010)

 Full text

The dark side of bank wholesale funding, (JEL G21, G28, G33)

by Rocco Huang, Lev Ratnovski1223
(16 Jul 2010)

 Full text

Monetary policy and capital regulation in the US and Europe, (JEL E52, E58, G18, G28)

by Ethan Cohen-Cole, Jonathan Morse1222
(16 Jul 2010)

 Full text

Financial regulation, financial globalization and the synchronization of economic activity, (JEL E32, F15, F36, G21, G28, O16)

by Sebnem Kalemli-Ozcan, Elias Papaioannou, José-Luis Peydró1221
(16 Jul 2010)

 Full text

The gains from early intervention in Europe: Fiscal surveillance and fiscal planning using cash data, (JEL E62, H50, H68)

by Andrew Hughes Hallett, Moritz Kuhn, Thomas Warmedinger1220
(16 Jul 2010)

 Full text

Transmission of government spending shocks in the euro area: Time variation and driving forces, (JEL C32, E62, H30, H50)

by Markus Kirchner, Jacopo Cimadomo, Sebastian Hauptmeier1219
(16 Jul 2010)

 Full text

Sectoral money demand and the great disinflation in the US, (JEL E31, E41)

by Alessandro Calza, Andrea Zaghini1218
(25 Jun 2010)

 Full text

Fiscal policy and growth: do financial crises make a difference?, (JEL C23, E44, E62, F43, H50)

by Christina Kolerus, Hans Peter Grüner, António Afonso1217
(25 Jun 2010)

 Full text

What lies beneath the euo's effect on financial integration? Currency risk, legal harmonization, or trade?, (JEL F1, F3, G2, K0)

by Sebnem Kalemli-Ozcan, Elias Papaioannou, José-Luis Peydró1216
(25 Jun 2010)

 Full text

Formal education, mismatch and wages after transition: Assessing the impact of unobserved heterogeneity using matching estimators, (JEL J0)

by Ana Lamo, Julián Messina1215
(25 Jun 2010)

 Full text

Detecting and interpreting financial stress in the euro area, (JEL E44, E50, G10)

by Marianna Blix Grimaldi1214
(25 Jun 2010)

 Full text

The incidence of nominal and real wage rigidity: an individual-based sectoral approach, (JEL J31)

by Julián Messina, Mario Izquierdo, Philip Du Caju, Cláudia Filipa Duarte, Niels Lynggård Hansen1213
(25 Jun 2010)

 Full text

Multimarket trading and the cost of debt: evidence from global bonds, (JEL F36, G12, G15, G32)

by Lubomir Petrasek1212
(10 Jun 2010)

 Full text

Efficiency and risk in european banking, (JEL C23, D24, E44, G21)

by Franco Fiordelisi, David Marqués-Ibáñez, Phil Molyneux1211
(10 Jun 2010)

 Full text

Towards a robust monetary policy rule for the euro area, (JEL C50, E52, E58)

by Tobias Blattner, Emil Margaritov1210
(10 Jun 2010)

 Full text

Epstein-Zin preferences and their use in macro-finance models: implications for optimal monetary policy, (JEL E44, E52, E61, G12)

by Matthieu Darracq Pariès, Alexis Loublier1209
(10 Jun 2010)

 Full text

Reverse causality in global current accounts, (JEL F31, F32)

by Gunther Schnabl, Stephan Freitag1208
(10 Jun 2010)

 Full text

Money growth and inflation: a regime switching approach, (JEL C11, C53, E31)

by Gianni Amisano, Gabriel Fagan1207
(10 Jun 2010)

 Full text

Relative house price dynamics across euro area and US cities: convergence or divergence?, (JEL E31, R21, R31)

by Paul Hiebert, Moreno Roma1206
(08 Jun 2010)

 Full text

Nelson-Siegel, affine and quadratic yield curve specifications: which one is better at forecasting?, (JEL C14, C15, G12)

by Ken Nyholm, Rositsa Vidova-Koleva1205
(08 Jun 2010)

 Full text

Banking sector output measurement in the euro area - a modified approach, (JEL E01, E44, O47)

by Antonio Colangelo, Robert Inklaar1204
(04 Jun 2010)

 Full text

Cross-border banking and the international transmission of financial distress during the crisis of 2007-2008, (JEL E44, E51, F34, G21)

by Alexander Popov, Gregory F. Udell1203
(04 Jun 2010)

 Full text

Involuntary unemployment and the business cycle, (JEL E2, E3, E5, J2, J6)

by Lawrence Christiano, Mathias Trabandt, Karl Walentin1202
(04 Jun 2010)

 Full text

Growth strategies and value creation: what works best for stock exchanges?, (JEL D23, G32, L22)

by Iftekhar Hasan, Heiko Schmiedel, Liang Song1201
(04 Jun 2010)

 Full text

Testing the asset pricing model of exchange rates with survey data, (JEL F31, F36, G13)

by Anna Naszodi1200
(20 May 2010)

 Full text

Changes in the wage structure in EU countries, (JEL J31)

by Rebekka Christopoulou, Juan F. Jimeno, Ana Lamo1199
(20 May 2010)

 Full text

Wage and price setting behaviour of Lithuanian firms, (JEL D40, J30)

by Ernestas Virbickas1198
(20 May 2010)

 Full text

Investors with too many options?, (JEL D83, G11, G13)

by Daniel Dorn1197
(20 May 2010)

 Full text

Reputational contagion and optimal regulatory forbearance, (JEL G21, G28)

by Alan D. Morrison, Lucy White1196
(20 May 2010)

 Full text

The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area, (JEL C53, E32, E52, F47)

by Sandra Gomes, Pascal Jacquinot, Massimiliano Pisani1195
(20 May 2010)

 Full text

Econometric analysis of high dimensional VARs featuring a dominant unit, (JEL C10, C33, C51)

by Hashem Pesaran, Alexander Chudik1194
(20 May 2010)

 Full text

Should larger reserve holdings be more diversified?, (JEL E42, F31, F33, G11)

by Roland Beck, Sebastian Weber1193
(20 May 2010)

 Full text

Financial factors in economic fluctuations, (JEL C11, E22, E3, E44, E51, E52, E58, G1, G21, G3)

by Lawrence Christiano, Roberto Motto, Massimo Rostagno1192
(20 May 2010)

 Full text

Money in monetary policy design: Monetary cross-checking in the New-Keynesian model, (JEL E32, E41, E43, E52, E58)

by Volker Wieland, Günter W. Beck1191
(20 May 2010)

 Full text

Booms and busts in China's stock market: Estimates based on fundamentals, (JEL G12, G18)

by Gabe de Bondt, Tuomas A. Peltonen, Daniel Santabárbara1190
(20 May 2010)

 Full text

Maximum likelihood estimation of factor models on data sets with arbitrary pattern of missing data, (JEL C53, E37)

by Marta Banbura, Michele Modugno1189
(20 May 2010)

 Full text

Are policy counterfactuals based on structural VAR's reliable?,

by Luca Benati,1188
(05 May 2010)

 Full text

Substitution between domestic and foreign currency loans in Central Europe. Do central banks matter?,

by Michał Brzoza-Brzezina, Tomasz Chmielewski, Joanna Niedźwiedzińska,1187
(05 May 2010)

 Full text

Modelling anti-inflationary monetary targeting: with an application to Romania,

by Marcelo Sánchez,1186
(05 May 2010)

 Full text

Forecasting with DSGE models,

by Kai Christoffel, Anders Warne, Günter Coenen,1185
(05 May 2010)

 Full text

Costs, demand, and producer price changes,

by Claire Loupias, Patrick Sevestre,1184
(21 Apr 2010)

 Full text

Labor market institutions and the business cycle Unemployment rigidities vs. real wage rigidities, (JEL E24, E32, E52)

by Mirko Abbritti, Sebastian Weber,1183
(21 Apr 2010)

 Full text

Inter-industry wage differentials in EU countries What do cross-country time varying data add to the picture?, (JEL J31, J41, J51)

by Philip Du Caju, Gábor Kátay, Ana Lamo, Daphne Nicolitsas, Steven Poelhekke,1182
(21 Apr 2010)

 Full text

Wage setting and wage flexibility in Ireland - Results from a firm-level survey, (JEL E24, J3, J4)

by Mary Keeney, Martina Lawless,1181
(21 Apr 2010)

 Full text

Nominal and real wage rigidities. In theory and in Europe, (JEL E24, E31, E32, J51)

by Markus Knell,1180
(21 Apr 2010)

 Full text

Credit supply - Identifying balance-sheet channels with loan applications and granted loans, (JEL E32, E44, E5, G21, G28)

by Gabriel Jiménez, Steven Ongena, José-Luis Peydró, Jesús Saurina,1179
(21 Apr 2010)

 Full text

Monetary policy, housing booms and financial (im)balances, (JEL C3, E3, E43, E44, E52)

by Sandra Eickmeier, Boris Hofmann,1178
(21 Apr 2010)

 Full text

Price and trading response to public information, (JEL E44, G14)

by Magdalena Malinowska,1177
(21 Apr 2010)

 Full text

Evolving Phillips trade-off,

by Luca Benati,1176
(21 Apr 2010)

 Full text

In dubio pro CES - Supply estimation with mis-specified technical change, (JEL C15, C32, E23, O33, O51)

by Miguel A. León-Ledesma, Peter McAdam, Alpo Willman,1175
(21 Apr 2010)

 Full text

How far are we from the slippery slope? The Laffer curve revisited, (JEL E0, E60, H0)

by Mathias Trabandt, Harald Uhlig,1174
(21 Apr 2010)

 Full text

Market power and fiscal policy in OECD countries, (JEL D4, E0, E3, H6)

by António Afonso, Luís F. Costa,1173
(21 Apr 2010)

 Full text

Size, openness, and macroeconomic interdependence,

by Alexander Chudik, Roland Straub,1172
(01 Apr 2010)

 Full text

The impact of numerical expenditure rules on budgetary discipline over the cycle, (JEL C23, E62, H50)

by Fédéric Holm-Hadulla, Sebastian Hauptmeier, Philipp Rother,1169
(01 Apr 2010)

 Full text

The term structure of risk premia: new evidence from the financial crisis, (JEL G12, G13)

by Tobias Berg,1165
(31 Mar 2010)

 Full text

Does monetary policy affect bank risk-taking?,

by Yener Altunbas, Leonardo Gambacorta, David Marqués-Ibáñez,1166
(31 Mar 2010)

 Full text

Price, wage and employment response to shocks: evidence from the WDN survey,

by Giuseppe Bertola, Aurelijus Dabusinskas, Marco M. Hoeberichts, Mario Izquierdo, Claudia Kwapil, Jérémi Montornès, Daniel Radowski,1164
(31 Mar 2010)

 Full text

The external finance premium in the euro area A useful indicator for monetary policy?, (JEL E37, E4, E5)

by Paolo Gelain,1171
(30 Mar 2010)

 Full text

Asset pricing, habit memory, and the labor market,

by Ivan Jaccard,1163
(30 Mar 2010)

 Full text

Inflation risks and inflation risk premia,

by Juan Angel García, Thomas Werner,1162
(30 Mar 2010)

 Full text

Global commodity cycles and linkages a FAVAR approach, (JEL E3, F3)

by Marco Lombardi, Chiara Osbat, Bernd Schnatz,1170
(26 Mar 2010)

 Full text

Food price pass-through in the euro area The role of asymmetries and non-linearities, (JEL C32, C53, E3, Q17)

by Gianluigi Ferrucci, Rebeca Jiménez-Rodríguez, Luca Onorante,1168
(25 Mar 2010)

 Full text

Macroeconomic forecasting and structural change, (JEL C32, E37, E47)

by Antonello D’Agostino, Luca Gambetti, Domenico Giannone,1167
(17 Mar 2010)

 Full text

Wages and the risk of displacement,

by Anabela Carneiro, Pedro Portugal,1159
(26 Feb 2010)

 Full text

Housing, consumption and monetary policy: how different are the US and the euro area?,

by Alberto Musso, Stefano Neri, Livio Stracca,1161
(26 Feb 2010)

 Full text

The euro area Bank Lending Survey matters: empirical evidence for credit and output growth,

by Gabe de Bondt, Angela Maddaloni, José-Luis Peydró, Silvia Scopel,1160
(26 Feb 2010)

 Full text

Excess returns on net foreign assets: the exorbitant privilege from a global perspective,

by Maurizio Michael Habib,1158
(26 Feb 2010)

 Full text

Real time estimates of the euro area output gap: reliability and forecasting performance,

by Massimiliano Marcellino, Alberto Musso,1157
(25 Feb 2010)

 Full text

Mortgage indebtedness and household financial distress,

by Dimitris Georgarakos, Adriana Lojschová, Melanie Ward-Warmedinger,1156
(25 Feb 2010)

 Full text

Combining disaggregate forecasts or combining disaggregate information to forecast an aggregate,

by David F. Hendry, Kirstin Hubrich,1155
(25 Feb 2010)

 Full text

Public and private inputs in aggregate production and growth: a cross-country efficiency approach,

by António Afonso, Miguel St. Aubyn,1154
(23 Feb 2010)

 Full text

The determination of wages of newly hired employees: survey evidence on internal versus external factors,

by Kamil Galušcák, Mary Keeney, Daphne Nicolitsas, Frank Smets, Pawel Strzelecki, Matija Vodopivec,1153
(23 Feb 2010)

 Full text

Government bond risk premiums in the EU revisited: the impact of the financial crisis,

by Ludger Schuknecht, Jürgen von Hagen, Guido Wolswijk,1152
(23 Feb 2010)

 Full text

Methodological advances in the assessment of equilibrium exchange rates,

by Matthieu Bussière, Michele Ca' Zorzi, Alexander Chudik, Alistair Dieppe,1151
(29 Jan 2010)

 Full text

Do bank loans and credit standards have an effect on output? A panel approach for the euro area,

by Lorenzo Cappiello, Arjan Kadareja, Christoffer Kok Sørensen, Marco Protopapa,1150
(29 Jan 2010)

 Full text

Does it matter how to measure aggregates? The case of monetary transmission mechanisms in the euro area,

by Andreas Beyer, Katarina Juselius,1149
(29 Jan 2010)

 Full text

Is there a signalling role for public wages? Evidence for the euro area based on macro data,

by Javier J. Pérez, Jesús Sánchez,1148
(21 Jan 2010)

 Full text

Interbank contagion at work: evidence from a natural experiment,

by Rajkamal Iyer, José-Luis Peydró,1147
(21 Jan 2010)

 Full text

The role of central bank transparency for guiding private sector forecasts,

by Michael Ehrmann, Sylvester Eijffinger, Marcel Fratzscher,1146
(21 Jan 2010)

 Full text

An area-wide real-time database for the euro area,

by Domenico Giannone, Jerome Henry, Magdalena Lalik, Michele Modugno,1145
(19 Jan 2010)

 Full text

2009

Choosing and using payment instruments: evidence from German microdata,

by Ulf Von Kalckreuth, Tobias Schmidt, Helmut Stix,1144
(30 Dec 2009)

 Full text

What drives the network's growth? An agent-based study of the payment card market,

by Biliana Alexandrova-Kabadjova, José Luis Negrín,1143
(30 Dec 2009)

 Full text

Credit card use after the final mortgage payment: does the magnitude of income shocks matter?,

by Barry Scholnick,1142
(30 Dec 2009)

 Full text

How effective are rewards programs in promoting payment card usage? Empirical evidence,

by Santiago Carbó-Valverde, José M. Liñares-Zegarra,1141
(30 Dec 2009)

 Full text

SEPA, efficiency, and payment card competition,

by Wilko Bolt, Heiko Schmiedel,1140
(30 Dec 2009)

 Full text

Pricing payment cards,

by Özlem Bedre-Defolie, Emilio Calvano,1139
(30 Dec 2009)

 Full text

Credit card interchange fees,

by Jean-Charles Rochet, Julian Wright,1138
(30 Dec 2009)

 Full text

Regulating two-sided markets: an empirical investigation,

by Santiago Carbó-Valverde, Sujit Chakravorti, Francisco Rodríguez Fernández,1137
(30 Dec 2009)

 Full text

Payment scale economies, competition, and pricing,

by David B. Humphrey,1136
(30 Dec 2009)

 Full text

Return to retail banking and payments,

by Iftekhar Hasan, Heiko Schmiedel, Liang Song,1135
(30 Dec 2009)

 Full text

Determinants of inflation and price level differentials across the euro area countries,

by Malin Andersson, Klaus Masuch, Marc Schiffbauer,1129
(30 Dec 2009)

 Full text

What explains the surge in euro area sovereign spreads during the financial crisis of 2007-09?,

by Maria-Grazia Attinasi, Cristina Checherita, Christiane Nickel,1131
(17 Dec 2009)

 Full text

Monetary policy and potential output uncertainty: a quantitative assessment,

by Simona Delle Chiaie,1130
(17 Dec 2009)

 Full text

EMU and the adjustment to asymmetric shocks: the case of Italy,

by Gianni Amisano, Nicola Giammarioli, Livio Stracca,1128
(17 Dec 2009)

 Full text

Would the Bundesbank Have Prevented the Great Inflation in the United States?, (JEL E32, E47, E52, E58)

by Luca Benati,1134
(11 Dec 2009)

 Full text

A quarterly fiscal database for the euro area based on intra-annual fiscal information, (JEL C53, E6, H6)

by Joan Paredes, Diego J. Pedregal, Javier J. Pérez,1132
(11 Dec 2009)

 Full text

Fiscal policy shocks in the euro area and the US: an empirical assessment, (JEL E62, H30)

by Pablo Burriel, Francisco de Castro Fernández, Daniel Garrote, Esther Gordo, Joan Paredes, Javier J. Pérez,1133
(11 Dec 2009)

 Full text

The Janus-Headed Salvation: Sovereign and Bank Credit Risk Premia during 2008-09, (JEL G15, G21)

by Jacob W. Ejsing, Wolfgang Lemke,1127
(11 Dec 2009)

 Full text

Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk, (JEL D82, G01, G21)

by Florian Heider, Marie Hoerova, Cornelia Holthausen,1126
(11 Dec 2009)

 Full text

Leading indicators in a globalised world, (JEL C53, E32, E37, F47)

by Ferdinand Fichtner, Rasmus Rüffer, Bernd Schnatz,1125
(09 Dec 2009)

 Full text

Monetary Policy Shocks and Portfolio Choice, (JEL E52, F32, F4, G1)

by Marcel Fratzscher, Christian Saborowski, Roland Straub,1122
(09 Dec 2009)

 Full text

Exchange Rate Pass-through in Central and Eastern European Member States, (JEL E31, F31)

by John Beirne, Martin Bijsterbosch,1120
(08 Dec 2009)

 Full text

Monetary Policy and the Financing of Firms, (JEL E20, E44, E52)

by Fiorella De Fiore, Pedro Teles, Oreste Tristani,1123
(08 Dec 2009)

 Full text

Balance Sheet Interlinkages and Macro-Financial Risk Analysis in the Euro Area,

by Olli Castrén, Ilja Kristian Kavonius,1124
(07 Dec 2009)

 Full text

Does Finance Bolster Superstar Companies? Banks, Venture Capital, and Firm Size in Local U.S. Markets, (JEL G24, J24, L11)

by Alexander Popov,1121
(03 Dec 2009)

 Full text

Nonparametric Hybrid Phillips Curves Based on Subjective Expectations: Estimates for the Euro Area,

by Marco Buchmann,1119
(02 Dec 2009)

 Full text

Explaining government revenue windfalls and shortfalls: an analysis for selected EU countries,

by Richard Morris, Francisco de Castro Fernández, Steven Jonk, Jana Kremer, Suzanne Linehan, Maria Rosaria Marino, Christophe Schalck, Olegs Tkacevs,1114
(30 Nov 2009)

 Full text

Discretionary Fiscal Policies over the Cycle: New Evidence based on the ESCB Disaggregated Approach

by Luca Agnello, Jacopo Cimadomo1118
(25 Nov 2009)

 Full text

Putting the New Keynesian DSGE model to the real-time forecasting test

by Marcin Kolasa, Michal Rubaszek, Pawel Skrzypczynski1110
(25 Nov 2009)

 Full text

The role of financial variables in predicting economic activity

by Raphael Espinoza, Fabio Fornari, Marco J. Lombardi1108
(24 Nov 2009)

 Full text

What Drives Personal Consumption? The Role of Housing and Financial Wealth

by Jiri Slacalek1117
(17 Nov 2009)

 Full text

Estimation and forecasting in large datasets with conditionally heteroskedastic dynamic common factors

by Lucia Alessi, Matteo Barigozzi, Marco Capasso1115
(16 Nov 2009)

 Full text

Risk spillover among hedge funds: The role of redemptions and fund failures

by Benjamin Klaus, Bronka Rzepkowski1112
(16 Nov 2009)

 Full text

Volatility spillovers and contagion from mature to emerging stock markets

by John Beirne, Guglielmo Maria Caporale, Marianne Schulze-Ghattas, Nicola Spagnolo1113
(13 Nov 2009)

 Full text

A Stable Model for Euro Area Money Demand: Revisiting the Role of Wealth

by Andreas Beyer1111
(12 Nov 2009)

 Full text

The Margins of Labour Cost Adjustment: Survey Evidence from European Firms

by Jan Babecký, Philip Du Caju, Theodora Theodora, Martina Lawless, Julián Messina, Tairi Rõõm1106
(12 Nov 2009)

 Full text

Downward Nominal and Real Wage Rigidity: Survey Evidence from European Firms

by Jan Babecký, Philip Du Caju, Theodora Kosma, Martina Lawless, Julián Messina, Tairi Rõõm1105
(12 Nov 2009)

 Full text

Sectorial Border Effects in the European Single Market: an Explanation through Industrial Concentration

by Gianluca Cafiso1116
(11 Nov 2009)

 Full text

What Triggers Prolonged Inflation Regimes? A Historical Analysis

by Isabel Vansteenkiste1109
(11 Nov 2009)

 Full text

Interbank lending, credit risk premia and collateral

by Florian Heider, Marie Hoerova1107
(11 Nov 2009)

 Full text

Pass-through of external shocks along the pricing chain: A panel estimation approach for the euro area

by Bettina Landau, Frauke Skudelny1104
(11 Nov 2009)

 Full text

Wage-setting behavior in France: additional evidence from an ad-hoc survey (JEL D4, E3, L11)

by Jérémi Montornès, Jacques-Bernard Sauner-Leroy1102
(29 Oct 2009)

 Full text

Fiscal variables and bond spreads: evidence from Eastern European countries and Turkey (JEL C33, E43, E62, H62)

by Christiane Nickel, Philipp Rother, Jan C. Rülke1101
(28 Oct 2009)

 Full text

Inter-industry Wage Differentials: How Much Does Rent Sharing Matter?

by Philip Du Caju, François Rycx, Ilan Tojerow1103
(21 Oct 2009)

 Full text

Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters (JEL E40, E43, E52)

by Magnus Andersson, Boris Hofmann1098
(19 Oct 2009)

 Full text

Weak and strong cross section dependence and estimation of large panels (JEL C10, C31, C33)

by Alexander Chudik, Hashem Pesaran, Elisa Tosetti1100
(16 Oct 2009)

 Full text

Monetary and fiscal policy aspects of indirect tax changes in a monetary union (JEL E61, E63, F42)

by Anna Lipinska, Leopold von Thadden1097
(14 Oct 2009)

 Full text

Public and private sector wages interactions in a general equilibrium model (JEL C32, E62, E63, H50, J30, J51, J52)

by Gonzalo Fernàndez-de-Córdoba, Javier J. Pérez, José L. Torres1099
(14 Oct 2009)

 Full text

The determinants of bank capital structure (JEL G21, G32)

by Reint Gropp, Florian Heider1096
(30 Sep 2009)

 Full text

Money talks (JEL D80, E40, E52)

by Marie Hoerova, Cyril Monnet, Ted Temzelides1091
(30 Sep 2009)

 Full text

The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the euro area (JEL C11, E24, E52, E58)

by Carlo Altavilla, Matteo Ciccarelli, Journal of Money, Credit and Banking, Vol. 41, No. 7 (October 2009)1089
(30 Sep 2009)

 Full text

Determinants of government bond spreads in new EU countries (JEL E62, G12, H60)

by Ioana Alexopoulou, Irina Bunda, Annalisa Ferrando1093
(23 Sep 2009)

 Full text

Memories of high inflation (JEL D10, E31, E52)

by Michael Ehrmann, Panagiota Tzamourani1095
(23 Sep 2009)

 Full text

Signals from housing and lending booms (JEL E32, F31, F37)

by Irina Bunda, Michele Ca' Zorzi1094
(23 Sep 2009)

 Full text

Inflation and output volatility under asymmetric incomplete information (JEL E32, E37, E52)

by Giacomo Carboni, Martin Ellison1092
(17 Sep 2009)

 Full text

New Keynesian versus old Keynesian government spending multipliers (JEL C52, E62)

by John F. Cogan, Tobias Cwik, John B. Taylor, Volker Wieland1090
(17 Sep 2009)

 Full text

Inflation perceptions and expectations in the euro area: the role of news (JEL D12, D84, E31)

by Cristian Badarinza, Marco Buchmann1088
(09 Sep 2009)

 Full text

Modelling global trade flows: results from a GVAR model (JEL C33, F10, F17, F32)

by Matthieu Bussière, Alexander Chudik, Giulia Sestieri1087
(09 Sep 2009)

 Full text

Euro area money demand: empirical evidence on the role of equity and labour markets (JEL C32, E41, G11)

by Gabe de Bondt1086
(03 Sep 2009)

 Full text

An empirical study on the decoupling movements between corporate bond and CDS spreads (JEL G12, G14, G15)

by Ioana Alexopoulou, Magnus Andersson, Oana Maria Georgescu1085
(27 Aug 2009)

 Full text

EMU and European government bond market integration (JEL E44, F36, G15)

by Pilar Abad, Helena Chuliá, Marta Gómez-Puig1079
(26 Aug 2009)

 Full text

Disagreement among forecasters in G7 countries (JEL C53, E31, E32, E37, E52)

by Jonas Dovern, Ulrich Fritsche, Jiri Slacalek1082
(24 Aug 2009)

 Full text

How are firms' wages and prices linked: survey evidence in Europe (JEL D21, E30, J31)

by Martine Druant, Silvia Fabiani, Gabor Kezdi, Ana Lamo, Fernando Martins, Roberto Sabbatini1084
(24 Aug 2009)

 Full text

Evaluating microfoundations for aggregate price regidities: evidence from matched firm-level data on product prices and unit labor cost (JEL D8, E3, L16)

by Mikael Carlsson, Oskar Nordström Skans1083
(24 Aug 2009)

 Full text

Liquidity premia in German government bonds (JEL E43, G12, H63)

by Jacob Ejsing, Jukka Sihvonen1081
(24 Aug 2009)

 Full text

Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle (JEL E24, E32, J64)

by Juha Kilponen, Juuso Vanhala1080
(24 Aug 2009)

 Full text

The reception of public signals in financial markets - what if central bank communication becomes stale? (JEL E43, E58, G12, G14)

by Michael Ehrmann, David Sondermann1077
(18 Aug 2009)

 Full text

On the Real Effects of Private Equity Investment: Evidence from New Business Creation (JEL G24, L26, M13)

by Alexander Popov, Peter Roosenboom1078
(06 Aug 2009)

 Full text

Bank risk and monetary policy (JEL E44, E55)

by , Journal of Financial Stability (forthcoming)1075
(31 Jul 2009)

 Full text

Booms and busts in housing markets: determinants and implications (JEL E32, R21, R31)

by Luca Agnello, Ludger Schuknecht1071
(21 Jul 2009)

 Full text

Optimal monetary policy in a new Keynesian model with habits in consumption (JEL E30, E57, E61)

by Campbell Leith, Ioana Moldovan, Raffaele Rossi1076
(20 Jul 2009)

 Full text

Can non-linear real shocks explain the persistence of PPP exchange rate disequilibria? (JEL C23, F31, L6, L9)

by Tuomas A. Peltonen, Adina Popescu, Michael Sager1073
(20 Jul 2009)

 Full text

Wages are flexible aren't they? Evidence from monthly micro wage data (JEL J31)

by Patrick Lünnemann, Ladislav Wintr1074
(16 Jul 2009)

 Full text

How important are common factors in driving non-fuel commodity prices? A dynamic factor analysis (JEL E30, F00)

by Isabel Vansteenkiste1072
(16 Jul 2009)

 Full text

Monetary Policy Committees: meetings and outcomes (JEL D71, D78, E58)

by Jan Marc Berk, Beata K. Bierut1070
(16 Jul 2009)

 Full text

Housing finance and monetary policy (JEL E21, E44, E52)

by Alessandro Calza, Livio Stracca, Tommaso Monacelli1069
(16 Jul 2009)

 Full text

Asset price misalignments and the role of money and credit (JEL E37, E44, E51)

by Dieter Gerdesmeier, Barbara Roffia, Hans-Eggert Reimers1068
(08 Jul 2009)

 Full text

The dynamic effects of shocks to wages and prices in the United States and the Euro Area (JEL C32, C51, E31, J30)

by Rita Duarte, Carlos Robalo Marques1067
(03 Jul 2009)

 Full text

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 Pariès, 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-Ibáñez1028
(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 Sørensen0989
(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 Pariès 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 Pariès0962
(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 Bussière 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 Pariès 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 Sørensen0885
(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 Pariès0834
(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 Bussière0822
(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)

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

by Elke Hahn0796
(Aug 2007)

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

by Roland Straub and Ivan Tchakarov0795
(Aug 2007)

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

by Jens Hilscher0800
(Aug 2007)

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

by Ricardo Llaudes0799
(Aug 2007)

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(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)

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

by Nuno Cassola0793
(Aug 2007)

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Euro area market reactions to the monetary developments press release

by Jerome Coffinet and Sylvain Gouteron0792
(Aug 2007)

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

by Jan Bruha and Jirí Podpiera0791
(Aug 2007)

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Asset prices, exchange rates and the current account

by Marcel Fratzscher0790
(Aug 2007)

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Downward nominal wage rigidity in the OECD

by Steinar Holden and Fredrik Wulfsberg0777
(Jul 2007)

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

by Jean Imbs0785
(Jul 2007)

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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)

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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)

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Evaluating the real effect of bank branching deregulation: comparing contiguous counties across U.S. state