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64: Exchange rate volatility and euro area imports
Robert Anderton and Frauke Skudelny
63: Does money lead inflation in the euro area?
Sergio Nicoletti Altimari
62: Spectral based methods to identify common trends and common cycles
Camba-Mendez, Gonzalo and George Kapetanios
61: Diffusion index-based inflation forecasts for the euro area
Elena Angelini , Jerome Henry and Ricardo Mestre
60: A multi-country trend indicator for euro area inflation: computation and properties
Elena Angelini , Jerome Henry and Ricardo Mestre
59: Uncertain potential output: implications for monetary policy
Michael Ehrmann and Frank Rafael Smets
58: Business cycle asymmetries in stock returns: evidence from higher order moments and conditional densities
Perez-Quiros, Gabriel and Allan Timmermann (Gabriel Perez Quiros )
57: Model-based indicators of labour market rigidity
Silvia Fabiani and Rodriguez-Palenzuela, Diego
56: Stabilization policy in a two country model and the role of financial frictions
Ester Faia
55: Modelling the demand for loans to the private sector in the Euro area
Alessandro Calza , Christine Gartner and João Sousa
54: Assessment criteria for output gap estimates
Camba-Mendez, Gonzalo and Rodriguez-Palenzuela, Diego
53: An evaluation of some measures of core inflation for the euro area
Vega-Croissier, Juan Luis and Mark Wynne
52: Are the effects of monetary policy in the euro area greater in recessions than in booms?
Frank Rafael Smets and Gert Peersman
51: The functional form of the demand for euro area M1
Livio Stracca
50: Employment and productivity growth in service and manufacturing sectors in France, Germany and the US
Till von Wachter
49: Business cycle and monetary policy analysis in a structural sticky-price model of the euro area
Miguel Casares
48: Financial market integration in Europe: on the effects of EMU on stock markets
Marcel Fratzscher
47: Deposit insurance and moral hazard: does the counterfactual matter?
Reint Gropp and Jukka M. Vesala
46: A two-factor model of the German term structure of interest rates
Jorge Barros Luís and Nuno Cassola
45: Testing the rank of the Hankel matrix - a statistical approach
Camba-Méndez, Gonzalo and George Kapetanios
44: The supply and demand for Eurosystem deposits - the first 18 months
Ulrich Bindseil and Franz Seitz
43: Sources of economic renewal - from the traditional firm to the knowledge firm
Diego Rodriguez Palenzuela
42: An area-wide model (AWM) for the euro area
Gabriel Fagan , Jerome Henry and Ricardo Mestre
41: Why adopt transparency? The publication of central bank forecasts
Petra Maria Geraats
40: Financial structure and the interest rate channel of ECB monetary policy
Benoit Mojon
39: A money demand system for Euro area M3
Claus Brand and Nuno Cassola
38: The optimal inflation tax when taxes are costly to collect
Fiorella De Fiore
37: Business fixed investment: evidence of a financial accelerator in Europe
Philip Vermeulen
36: Measuring core inflation in the Euro area
Claudio Morana
35: Systemic risk: a survey
Olivier de Bandt and Philipp Hartmann
34: Capital market development, corporate governance and the credibility of exchange rate pegs
Olli Castrén and Tuomas Takalo
33: The information content of M3 for future inflation
Carmine Trecroci and Vega-Croissier, Juan Luis
32: Can indeterminacy explain the short-run non-neutrality of money?
Fiorella De Fiore
31: The disappearing tax base: is foreign direct investment eroding corporate income taxes?
Reint Gropp and Kristina Kostial
30: A small estimated Euro area model with rational expectations and nominal rigidities
Günter Coenen and Volker Wieland
29: The sources of unemployment fluctuations: an empirical application to the Italian case
Silvia Fabiani , Alberto Locarno , Giampaolo Oneto and Paolo Sestito
28: Learning, uncertainty and Central Bank activism in an economy with strategic interactions
Natacha Valla and Martin Ellison
27: This is what the US leading indicators lead
Maximo Camacho and Perez-Quiros, Gabriel (Gabriel Perez Quiros )
26: Which kind of transparency? On the need for clarity in monetary policy-making
Bernhard Winkler
25: Caution and conservatism in the making of monetary policy
Philip Schellekens
24: What horizon for price stability
Frank Rafael Smets
23: Escaping Nash inflation
Cho, In-Koo and Thomas Sargent
22: Regulating access to international large-value payment systems
Cornelia Holthausen and Thomas Ronde
21: Firm size and monetary policy transmission: evidence from German business survey data
Michael Ehrmann
20: Convergence of fiscal policies in the Euro area
Francesco Paolo Mongelli and Olivier de Bandt
19: The euro and international capital markets
Carsten Detken and Philipp Hartmann
18: House prices and the macroeconomy in Europe: results from a structural VAR analysis
Matteo Iacoviello
17: Alternative measures of the NAIRU in the Euro area: estimates and assessment
Ricardo Mestre and Silvia Fabiani
16: Estimating the implied distribution of the future short term interest rate using the Longstaff-Schwartz model
Peter Hördahl
15: The quest for prosperity without inflation
Athanasios Orphanides
14: Assessing nominal income rules for monetary policy with model and data uncertainty
Glenn Rudebusch
13: Monetary policy with uncertain parameters
Ulf Söderström
12: Indicator variables for optimal policy
Lars E.O. Svensson and Michael Wooford
11: Is the yield curve a useful information variable for the Eurosystem?
Jan Marc Berk and Peter A.G. Vanbergeijk
10: On the effectiveness of sterilized foreign exchange intervention
Rasmus Fatum
9: Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models
Günter Coenen
8: Inflation zone targetting
Athanasios Orphanides and Volker Wieland
7: A cross-country comparison of market structures in European banking
Olivier de Bandt and E Philip Davis
6: The demand for M3 in the euro area
Günter Coenen and Vega, Juan-Luis
5: Core inflation: a review of some conceptual issues
Mark Wynne
4: From the ERM to the euro: new evidence on economic and policy convergence among EU countries
Ignazio Angeloni and Luca Dedola
3: Fiscal policy effectiveness and neutrality results in a non-Ricardian world
Carsten Detken
2: What does the single monetary policy do? A SVAR benchmark for the European Central Bank
Carlo Monticelli and Oreste Tristani
1: A global hazard index for the world foreign exchange markets
Vincent Brousseau and Fabio Scacciavillani