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

Laurent Bilke and Livio Stracca

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

Barry Edward Jones and Livio Stracca

903: A robust criterion for determining the number of static factors in approximate factor models

Lucia Alessi, Matteo Barigozzi and Marco Capasso

902: Fiscal consolidation in the euro area - long-run benefits and short-run costs

Günter Coenen, Matthias Mohr and Roland Straub

901: The usefulness of infra-annual government cash budgetary data for fiscal forecasting in the euro area

Luca Onorante, Diego J. Pedregal, Javier J. Pérez García and Sara Signorini

900: Forecasting inflation and tracking monetary policy in the euro area - does national information help?

Riccardo Cristadoro, Fabrizio Venditti and Giuseppe Saporito

899: Robust monetary rules under unstructured and structured model uncertainty

Paul Leslie Levine and Joseph Gerson Pearlman

898: Central Bank communication and monetary policy - a survey of theory and evidence

Alan S. Blinder, Michael Ehrmann, Marcel Fratzscher, Jakob de Haan and David-Jan Jansen

897: DSGE-Modelling - when agents are imperfectly informed

Paul De Grauwe

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

Anna Lipinska

895: On the empirical evidence of the intertemporal current account model for the euro area countries

Ca’ Zorzi, Michele and Michał Rubaszek

894: The role of country-specific trade and survey data in forecasting euro area manufacturing production. Perspective from Large Panel factor models

Laurent Maurin and Matthieu DARRACQ PARIES

893: Sticky wages. Evidence from quarterly microeconomic data

Thomas Heckel, Hervé LE BIHAN and Jérémi Montornès

892: Identification of New Keynesian Phillips Curves from a global perspective

Stephane Dees, M Hashem Pesaran, L. Vanessa Smith and Ron P. Smith

891: House prices and the stance of monetary policy

Marek Jarociński and Frank Rafael Smets

890: Globalisation, domestic inflation and global output gaps - evidence from the euro area

Alessandro Calza

889: Credit and the natural rate of interest

Fiorella De Fiore and Oreste Tristani

888: Credit and the natural rate of interest

Charles Goodhart and Boris Hofmann

887: Labor supply after transition. Evidence from the Czech Republic

Alena Bičáková, Jiri Slacalek and Michal Slavík

886: International evidence on sticky consumption growth

Christopher Carroll, Jiri Slacalek and Martin Sommer

885: Impact of bank competition on the interest rate pass-through in the euro area

Michiel Van Leuvensteijn, Christoffer Kok Sørensen, Jacob Antoon Bikker and Adrian Van Rixtel

884: A quantitative perspective on optimal monetary policy cooperation between the US and the euro area

Frank Rafael Smets, Matthieu DARRACQ PARIES and Stéphane Adjemian

883: Assessing the benefits of international portfolio diversification in bonds and stocks

Roberto A. De Santis and Lucio Sarno

882: Forecasting world trade. Direct versus "bottom-up" approaches

Stephane Dees and Matthias Burgert

881: Imperfect predictability and mutual fund dynamics. How managers use predictors in changing systematic risk

Gianni Amisano and Roberto Savona

880: On policy interactions among nations. When do cooperation and commitment matter?

Hubert Kempf and Leopold von Thadden

879: Government risk premiums in the bond market. EMU and Canada

Ludger Schuknecht, Juergen von Hagen and Guido Wolswijk

878: Nominal and real interest rates during an optimal disinflation in New Keynesian models

Marcus Hagedorn

877: What are the effects of fiscal shocks? A VAR-based comparative analysis

Dario Caldara and Christophe Kamps

876: Are sectoral stock prices useful for predicting euro area GDP?

Magnus Andersson and D’Agostino, Antonello

875: Global Macro-Financial Shocks and expected default frequencies in the Euro area

Olli Castrén, Stephane Dees and Fadi Zaher

874: How Arbitrage-free is the Nelson-Siegel Model?

Laura Coroneo, Ken Nyholm and Rositsa Vidova-Koleva

873: The Feldstein-Horioka fact

Domenico Giannone and Michele Lenza

872: Why do Europeans work part-time? A cross-country Panel Analysis

Hielke Buddelmeyer, Gilles MOURRE and Melanie Ward

871: The impact of capital flows on domestic investment in transition economies

Elitza Mileva

870: Risk Management in Action. Robust monetary policy rules under structured uncertainty

Paul Leslie Levine, Peter McAdam, Joseph Gerson Pearlman and Richard G. Pierse

869: The reserve fulfilment path of euro area commercial banks - empirical testing using panel data

Nuno Cassola

868: Purdah - on the rationale for central bank silence around policy meetings

Michael Ehrmann and Marcel Fratzscher

867: Do monetary indicators lead euro area inflation?

Boris Hofmann

866: VAR analysis and the Great Moderation

Luca Benati and Paolo Surico

865: Explaining the Great Moderation - it is not the shocks

Domenico Giannone, Michele Lenza and Lucrezia Reichlin

864: Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects

Antonio Afonso and Miguel Aubyn

863: Population ageing and public pension reforms in a small open economy

Christiane Nickel, Philipp Rother and Angeliki Theophilopoulou

862: Stock market volatility and learning

Klaus Adam, Albert Marcet and Juan Pablo Nicolini

861: Income distribution determinants and public spending efficiency

Antonio Afonso, Ludger Schuknecht and Vito Tanzi

860: Oil shocks and endogenous markups - results from an estimated euro area DSGE model

Marcelo Sánchez

859: Assessing the compensation for volatility risk implicit in interest rate derivatives

Fabio Fornari

858: International transmission and monetary policy cooperation

Günter Coenen, Giovanni Lombardo, Frank Rafael Smets and Roland Straub

857: Housing and equity wealth effects of Italian households

Charles Grant and Tuomas A. Peltonen

856: Markups in the euro area and the US over the period 1981-2004 - a comparison of 50 sectors

Rebekka Christopoulou and Philip Vermeulen