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239: Temporary shocks and unavoidable transitions to a high-unemployment regime
Wouter J. den Haan
238: The impact of monetary union on trade prices
Richard E. Baldwin , Robert Anderton and Daria Taglioni
237: Growth expectations; capital flows and international risk sharing
Marcus Miller , Olli Castren and Roger Stiegert
236: Swiss monetary targeting 1974-1996: the role of internal policy analysis
George Rich
235: Volatility of interest rates in the euro area: evidence from high frequency data
Claudio Morana and Nuno Cassola
234: Unemployment, hysteresis and transition
Miguel Leon-Ledesma and Peter McAdam
233: The natural real rate of interest in the Euro area
Nicola Giammarioli and Natacha Valla
232: Describing the Fed's conduct with Taylor rules: is interest rate smoothing important?
Efrem Castelnuovo
231: Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero
Günter Coenen , Athanasios Orphanides and Volker Wieland
230: The Euro area financial system: structure, integration and policy initiatives
Philipp Hartmann , Simone Manganelli and Angela Maddaloni
229: How does the ECB target inflation?
Paolo Surico
228: Monetary policy shocks - a nonfundamental look at the data
Matt Klaeffing
227: Monetary policy in a low pass-through environment
Tommaso Monacelli
226: The Central Bank as a risk manager: quantifying and forecasting fnflation risks
Lutz Kilian and Simone Manganelli
225: Productivity and the ('Synthetic') Euro-dollar exchange rate
Bernd Schnatz and Chiara Osbat
224: The rise of the Yen vis-a-vis the ('Synthetic') Euro: is it supported by economic fundamentals?
Bernd Schnatz , Chiara Osbat and Rasmus Rueffer
223: Optimal monetary policy with imperfect common knowledge
Klaus Adam
222: Inflation dynamics and subjective expectations in the United States
Klaus Adam and Mario Padula
221: Estimating risk premia in money market rates
Rasmus Pilegaard , Alain Durré and Snorre Evjen
220: The allocation of competencies in an international union: a positive analysis
Michele Ruta
219: Extra-euro area manufacturing import prices and exchange rate pass-through
Robert Anderton
218: The Zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan
Günter Coenen and Volker Wieland
217: The role of product market regulations in the process of structural change
Julian Messina
216: The admission of accession countries to an enlarged monetary union: a tentative assessment
Roberto A. De Santis and Ca'Zorzi, Michele
215: Budget institutions and fiscal performance in Central and Eastern European countries
Holger Gleich
214: On the selection of forecasting models
Lutz Kilian and Atsushi Inoue
213: Aggregation and euro area Phillips curves
Julian Morgan and Silvia Fabiani
212: Modelling the implied probability of stock market movements
Martin Scheicher and Ernst Glatzer
211: Self-control and savings
Vidal, Jean-Pierre and Philippe Michel
210: Anticipated Ramsey reforms and the uniform taxation principle: the role of international financial markets
Schmitt-Grohe, Stephanie and Martin Uribe
209: A framework for collateral risk control determination
Didier Cossin , Aunon-Nerin, Daniel and Fernando Gonzales
208: Do demographic changes affect risk premiums? Evidence from international data
Andrew Ang and Angela Maddaloni
207: A comprehensive model on the Euro overnight rate
Flemming Reinhardt Würtz
206: A comprehensive model on the Euro overnight rate
Barbara Roffia and Dieter Gerdesmeier
205: Real exchange rate in an inter-temporal n-country-model with incomplete markets
Benoit Mercereau
204: Asymmetric dynamics in the correlations of global equity and bond returns
Kevin Sheppard , Robert F. Engle and Lorenzo Cappiello
203: Myopic loss aversion; disappointment aversion; and the equity premium puzzle
Livio Stracca and David Fielding
202: Aggregate loans to the euro area private sector
Alessandro Calza , João Sousa and Marta Manrique Simon
201: Euro area inflation persistence
Nicoletta Batini
200: Interdependence between the euro area and the US: what role for EMU?
Michael Ehrmann and Marcel Fratzscher
199: Time variation in the tail behaviour of bund futures returns
Christian Upper and Thomas Werner
198: Extracting risk neutral probability densities by fitting implied volatility smiles: some methodological points and an applicaion to the 3M Euribor futures option prices
Allan B. Andersen and Tom Wagener
197: A model of the Eurosystem's operational framework for monetary poicy implementation
Christian Ewerhart
196: Bootstrapping autoregressions with conditional heteroskedasticity of unknown form
Lutz Kilian and Silvia Goncalves
195: In-Sample or out-of-sample tests of predictability: which one should we use?
Lutz Kilian and Atsushi Inoue
194: Sensitivity analysis of volatility - a new tool for risk management
Simone Manganelli , Vladimiro Ceci and Walter Vecchiato
193: Sustainability of public finances and automatic stabilisation under a rule of budgetary discipline
Jose Marin
192: Is the European Central Bank (and the United States Federal Reserve) predictable?
Jorge Sicilia and Perez-Quiros, Gabriel (Gabriel Perez Quiros )
191: Sensitivity analysis of volatility: a new tool for risk management
Ludger Schuknecht and Felix Eschenbach
190: Monetary policy and the zero bound to interest rates: a review
Anthony Yates