Working Paper Series

from European Central Bank
Postfach 16 03 19, Frankfurt am Main, Germany.
Contact information at EDIRC.
Series data maintained by Official Publications ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

117: Hedonic house prices without characteristics: the case of new multiunit housing

Olympia Bover and Pilar Velilla

116: Rent indices for housing in West Germany 1985 to 1998

Johannes Hoffmann and Claudia Kurz

115: Monetary policy rules, macroeconomic stability and inflation: a view from the trenches

Athanasios Orphanides

114: Monetary transmission in the Euro Area: where do we stand?

Ignazio Angeloni, Benoit Mojon, Anil Kashyap and Daniele Terlizzese

113: Financial frictions and the monetary transmission mechanism: theory; evidence and policy implications

Charles Richard Bean, Jens D.J. Larsen and Kalin Ognianov Nikolov

112: Firm investment and monetary policy transmission in the Euro area

Jean-Bernard Chatelain, Andrea Generale, Ignacio Hernando, Philip Vermeulen and Ulf von Kalckreuth

111: Monetary transmission: empirical evidence from Luxembourg firm-level data

Patrick Lunnemann and Thomas Mathä

110: Does monetary policy have asymmetric effects? A look at the investment decisions of Italian firms

Eugenio Gaiotti and Andrea Generale

109: Monetary transmission in Germany: new perspectives on financial constraints and investment spending

Ulf von Kalckreuth

108: Credit channel and investment behavior in Austria: a micro-econometric approach

Maria Teresa Valderrama

107: The interest rate and credit channels in Belgium: an investigation with micro-level firm data

Philip Vermeulen, Paul Butzen, Catherine Fuss, Patrick Sevestre and Andreas Worms

106: Investment, the cost of capital, and monetary policy in the nineties in France: a panel data investigation

Jean-Bernard Chatelain

105: Financial systems and the role of banks in monetary policy transmission in the Euro area

Michael Ehrmann, Leonardo Gambacorta, Martinez-Pages, Jorge, Patrick SEVESTRE and Andreas Worms

104: Is there a Bank lending channel of monetary policy in Greece? Evidence from bank level data

Sophocles N. Brissimis, Nicos C. Kamberoglou and George T. Simigiannis

103: Bank-specific characteristics and monetary policy transmission: the case of Italy

Leonardo Gambacorta

102: The bank lending channel of monetary policy: identification and estimation using Portuguese micro bank data

Maria Luisa Alcoforado Farinha and Carlos Robalo Marques

101: Monetary policy and bank lending in France: are there asymmetries?

Claire Loupias, Frédérique Savignac and Patrick SEVESTRE

100: Transmission of monetary policy shocks in Finland: evidence from bank level data on loans

Jukka Topi and Jouko Vilmunen

99: Is there a bank lending channel of monetary policy in Spain?

Ignacio Hernando and Martinez-Pages, Jorge

98: The credit in the Netherlands: evidence from bank balance sheets

Leo de Haan

97: Asymmetries in bank lending behavior: Austria during the 1990s

Sylvia Kaufmann

96: The reaction of bank lending to monetary policy measures in Germany

Andreas Worms

95: Some stylised facts on the Euro area business cycle

Anna Maria Agresti and Benoit Mojon

94: Monetary policy transmission in the Euro area: what do aggregate and national structural models tell us?

Julian Morgan, Alberto Locarno, Villetelle, Jean-Pierre and Peter van Els

93: The monetary transmission mechanism in the Euro area level: issues and results using structural macroeconomic models (MTN conference paper)

Julian Morgan and Peter McAdam (Alberto Locarno)

92: A VAR description of the effects of monetary policy in the individual countries of the Euro area

Benoit Mojon and Gert Peersman

91: The monetary transmission mechanism in the Euro area: more evidence from VAR analysis (MTN conference paper)

Frank Rafael Smets and Gert Peersman

90: Public pensions and growth

JeanPierre Vidal, Philippe Michel and Stéphane Lambrecht

89: Monetary policy and fears of financial instability

Carsten Detken and Vincent Brousseau

88: Why is it so difficult to beat the random walk forecast of exchange rates

Lutz Kilian and Mark P. Taylor

87: Credit rationing, output gap, and business cycles

Frédéric Boissay

86: Rational expectations and near rational alternatives: how best to form expectations

Mike Beeby, Stephen George Hall and Brian Henry

85: Determinants of the Euro real effective exchange rate: a BEER/PEER approach

Francisco Maeso Fernandez, Bernd Schnatz and Chiara Osbat

84: Data uncertainty and the role of money as an information variable for monetary policy

Andrew Theo Levin, Günter Coenen and Volker Wieland

83: Chi-squared tests of interval and density forecasts and the Bank of England's fan charts

Kenneth F. Wallis

82: Economic forecasting: some lessons from recent research

David F. Hendry and Michael Peter Clements

81: What can changes in structural factors tell us about unemployment in Europe?

Julian Morgan and Annabelle Mourougane

80: The microstructure of the Euro money market

Michele Manna, Philipp Hartmann and Andres Manzanares

79: Does liquidity matter? Properties of the synthetic divisia monetary aggregate in the Euro area

Livio Stracca

78: Investment and monetary policy in the Euro area

Benoit Mojon, Frank Rafael Smets and Philip Vermeulen

77: Cyclically adjusted budget balances: an alternative approach

Cour-Thimann, Philippine, Pablo Hernandez Cos, Matthias Mohr, Mika Tujula, Carine Bouthevillain, Geert Langenus, Sandro Momigliano and Gerrit van den Dool

76: Rating agency actions and the pricing of debt and equity of European banks: What can we infer about private sector monitoring of bank soundness?

Reint Gropp and Anthony Richards

75: Value at risk models in finance

Simone Manganelli and Robert F. Engle

74: Interbank market integration under asymmetric information

Cornelia Holthausen and Xavier Freixas

73: Interbank lending and monetary policy transmission - evidence for Germany

Michael Ehrmann and Andreas Worms

72: Bank concentration and retail interest rates

Reint Gropp and Sandrine Corvoisier

71: Asset market linkages in crisis periods

Stefan Straetmans, Casper G. de Vries and Philipp Hartmann

70: Central bank forecasts of liquidity factors: Quality, publication and the control of the overnight rate

Ulrich Bindseil

69: The ECB monetary policy strategy and the money market

Vitor Gaspar, Jorge Sicilia and Perez-Quiros, Gabriel (Gabriel Perez Quiros)

68: The performance of forecast-based monetary policy rules under model uncertainty

John C. Williams, Andrew Theo Levin and Volker Wieland