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326: The great depression and the Friedman-Schwartz hypothesis

Lawrence Christiano, Roberto Motto and Massimo Rostagno

325: What are the spill-overs from fiscal shocks in Europe? An empirical analysis

Massimo Giuliodori and Roel Maria Wilhelmus Jozef Beetsma

324: Fundamentals and joint currency crises

Philipp Hartmann, Stefan Straetmans and Casper G. de Vries

323: On the indeterminacy of New-Keynesian economics

Andreas Beyer and Roger E. A. Farmer

322: Modelling inflation in the euro area

Eilev S. Jansen

321: Frequency domain principal components estimation of fractionally cointegrated processes

Claudio Morana

320: Institutions and service employment - a panel study for OECD countries

Julian Messina

319: Risk sharing through financial markets with endogenous enforcement of trades

Thorsten Köppl (Thorsten V. Koeppl)

318: Gross job flows and institutions in Europe

Gómez-Salvador, Ramón, Julian Messina and Giovanna Vallanti

317: Fiscal policy and inflation volatility

Philipp C. Rother

316: Cooperation in international banking supervision

Cornelia Holthausen and Thomas Rønde

315: Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB

Sami Vähämaa

314: Exchange rate risks and asset prices in a small open economy

Alexis Derviz

313: The high-yield segment of the corporate bond market: a diffusion modelling approach for the United States, the United Kingdom and the euro area

Gabe de Bondt and David Marqués Ibañez

312: Similarities and convergence in G-7 cycles

Fabio Canova, Matteo Ciccarelli and Eva Ortega

311: Current account dynamics in OECD and EU acceding countries - an intertemporal approach

Matthieu Bussiere, Marcel Fratzscher and Gernot J. Müller

310: International equity flows and returns: A quantitative equilibrium approach

Rui Albuquerque, Gregory H. Bauer and Martin Schneider

309: Monetary policy shocks in the euro area and global liquidity spillovers

João Sousa and Andrea Zaghini

308: International risk-sharing and the transmission of productivity shocks

Giancarlo Corsetti, Luca Dedola and Sylvain Leduc

307: Budgetary forecasts in Europe - the track record of stability and convergence programmes

Rolf Strauch, Mark Hallerberg and Juergen von Hagen

306: A mark-up model of inflation for the euro area

Christopher Bowdler and Eilev S. Jansen

305: A structural common factor approach to core inflation estimation and forecasting

Claudio Morana

304: Equilibrium unemployment, job flows and inflation dynamics

Antonella Trigari

303: Fiscal policy events and interest rate swap spreads - evidence from the EU

Antonio Afonso and Rolf Strauch

302: Deposit insurance, moral hazard and market monitoring

Reint Gropp and Jukka Vesala

301: Inflation and relative price asymmetry

Attila Rátfai

300: Developing statistical indicators of the integration of the euro area banking system

Michele Manna

299: Import prices and pricing-to-market effects in the euro area

Thomas Warmedinger

298: The lender of last resort - a 21st century approach

Xavier Freixas, Bruno M. Parigi and Jean Charles Rochet

297: Measurement of contagion in banks’ equity prices

Reint Gropp and Gerard Moerman

296: Monetary policy analysis in a small open economy using bayesian cointegrated structural VARs?

Mattias Villani and Anders Warne

295: Optimal allotment policy in the eurosystem’s main refinancing operations?

Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla

294: Does the yield spread predict recessions in the euro area?

Fabio Moneta

293: Committees and special interests

Mike Felgenhauer and Hans Peter Grüner

292: Bank mergers, competition and liquidity

Elena Carletti, Philipp Hartmann and Giancarlo Spagnolo

291: Measuring the time-inconsitency of US monetary policy

Paolo Surico

290: Inflation persistence and robust monetary policy design

Günter Coenen

289: Monetary and fiscal interactions in open economies

Giovanni Lombardo and Alan Sutherland

288: Implementing optimal control cointegrated I(1) structural VAR models

Francesca V. Monti

287: Consumer inflation expectations in Poland

Tomasz Lyziak

286: Country and sector-specific spillover effects in the euro area, the United States and Japan

Bernd Kaltenhaeuser

285: Government deficits, wealth effects and the price level in an optimizing model

Barbara Annicchiarico

284: The credibility of the monetary policy ‘free lunch’

James Yetman

283: US, Japan and the euro area - comparing business-cycle features

Peter McAdam

282: Optimal dynamic risk sharing when enforcement is a decision variable

Thorsten V. Koeppl

281: Identifying fiscal shocks and policy regimes in OECD countries

Giuseppe De Arcangelis and Serena Lamartina

280: Inflation, factor substitution and growth

Rainer Klump

279: Designing targeting rules for international monetary policy cooperation

Gianluca D. Benigno and Pierpaolo Benigno

278: Relevant economic issues concerning the optimal rate of inflation

Diego Rodriguez Palenzuela, Camba-Mendez, Gonzalo and Juan Angel Garcia

277: On the indeterminacy of determinacy and indeterminacy

Andreas Beyer and Roger E. A. Farmer