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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

276: Short-term estimates of euro area real GDP by means of monthly data

Gerhard Rünstler and Franck Sédillot

275: Identifying the monetary transmission mechanism using structural breaks

Andreas Beyer and Roger E. A. Farmer

274: Interpreting implied risk neutral densities: the role of risk premia

Peter Hördahl and David Vestin

273: Definition of price stability, range and point inflation targets - the anchoring of long-term inflation expectations

Efrem Castelnuovo, Nicoletti-Altimari, Sergio and Rodriguez-Palenzuela, Diego

272: Inflation targets and the liquidity trap

Matt Klaeffling and Victor Lopez Perez

271: Indeterminacy and search theory

Nicola Giammarioli

270: Downward nominal wage rigidity and the long-run Phillips curve - simultation-based evidence for the euro area

Günter Coenen

269: Zero lower bound - is it a problem with the euro area?

Günter Coenen

268: The output composition puzzle - a difference in the monetary transmission mechanism in the euro area and the US

Ignazio Angeloni, Anil Kashyap, Benoit Mojon and Daniele Terlizzese

267: Comparing economic dynamics in the EU and CEE accession countries

Ralph Süppel

266: Finance and growth in the EU - new evidence from the liberalisation and harmonisation of the banking industry

Diego Romero de Ávila Torrijos

265: New Keynesian Phillips curves - a reassessment using euro-area data

Peter McAdam and Alpo Willman