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405: A joint econometric model of macroeconomic and term structure dynamics
Peter Hördahl , Oreste Tristani and David Vestin
404: An analysis of systemic risk in alternative securities settlement architectures
Giulia Iori
403: Financial market integration and loan competition: when is entry deregulation socially beneficial?
Leo Kaas
402: Forecasting euro area inflation using dynamic factor measures of underlying inflation
Gonzalo Camba-Méndez and George Kapetanios
401: Foreign direct investment and international business cycle comovement
W. Jos Jansen and Ad Stokman
400: Cross-country differences in monetary policy transmission
Robert-Paul Berben , Alberto Locarno , Julian Morgan and Javier Valles
399: Sporadic manipulation in money markets with central bank standing facilities
Christian Ewerhart , Nuno Cassola , Steen Ejerskov and Natacha Valla
398: Mergers and acquisitions and bank performance in Europe: the role of strategic similarities
Yener Altunbas and David Marqués Ibañez
397: Determinants of euro term structure of credit spreads
Astrid Van Landschoot
396: The short-term impact of government budgets on prices: evidence from macroeconomic models
Jerome Henry , Pablo Hernández de Cos and Sandro Momigliano
395: Fiscal sustainability and public debt in an endogenous growth model
Jesús Fernández-Huertas Moraga and Jean-Pierre Vidal
394: Liquidity, money creation and destruction, and the returns to banking
Ricardo de O. Cavalcanti , Andres Erosa and Ted Temzelides
393: The determinants of the overnight interest rate in the euro area
Julius Moschitz
392: The role of central bank capital revisited
Ulrich Bindseil , Andres Manzanares and Benedict Weller
391: Comparing shocks and frictions in US and euro area business cycles - a Bayesian DSGE approach
Frank Rafael Smets and Raf Wouters
390: Financial markets’ behavior around episodes of large changes in the fiscal stance
Silvia Ardagna
389: Forecasting with a Bayesian DSGE model - an application to the euro area
Frank Rafael Smets and Raf Wouters
388: Euro area inflation differentials
Ignazio Angeloni and Michael Ehrmann
387: Horizontal and vertical integration and securities trading and settlement
Jens Tapking and Jing Yang
386: Intergenerational altruism and neoclassical growth models
Philippe Michel , Emmanuel Thibault and Jean-Pierre Vidal
385: Euro area sovereign yield dynamics - the role of order imbalance
Albert J. Menkveld , Yiu Chung Cheung and Frank de Jong
384: Price rigidity. Evidence from the French CPI micro-data
Laurent Baudry , Hervé LE BIHAN , Patrick SEVESTRE and Sylvie Tarrieu
383: Explicit inflation objectives and macroeconomic outcomes
Andrew Theo Levin , Fabio M. Natalucci and Jeremy M. Piger
382: Longer-term effects of monetary growth on real and nominal variables, major industrial countries, 1880-2001
Alfred A. Haug and William G. Dewald
381: Fiscal rules and sustainability of public finances in an endogenous growth model
Barbara Annicchiarico and Nicola Giammarioli
380: Optimal monetary policy under discretion with a zero bound on nominal interest rates
Klaus Adam and Roberto M. Billi
379: Do financial market variables show (symmetric) indicator properties relative to exchange rate returns?
Olli Castrén
378: Liquidity, information, and the overnight rate
Christian Ewerhart , Nuno Cassola , Steen Ejerskov and Natacha Valla
377: Optimal monetary policy under commitment with a zero bound on nominal interest rates
Klaus Adam and Roberto M. Billi
376: Raising rival's costs in the securities settlement industry
Cornelia Holthausen and Jens Tapking
375: Guess what: it's the settlements!
Thorsten V. Koeppl and Cyril Monnet
374: To aggregate or not to aggregate? Euro area inflation forecasting
Nicholai Benalal , Juan Luis Diaz del Hoyo , Bettina Landau , Moreno Roma and Frauke Skudelny
373: Technology shocks and robust sign restrictions in a euro area SVAR
Gert Peersman and Roland Straub
372: The operational target of monetary policy and the rise and fall of reserve position doctrine
Ulrich Bindseil
371: Inflation persistence - facts or artefacts?
Carlos Robalo Marques
370: Inflation persistence during periods of structural change - an assessment using Greek data
George Hondroyiannis and Sophia Lazaretou
369: Sovereign risk premia in the European government bond market
Kerstin Bernoth , Juergen von Hagen and Ludger Schuknecht
368: Capital quality improvement and the sources of growth in the euro area
Plutarchos Sakellaris and Focco W. Vijselaar
367: Factor substitution and factor augmenting technical progress in the US - a normalized supply-side system approach
Rainer Klump , Peter McAdam and Alpo Willman
366: The information content of over-the-counter currency options
Peter F. Christoffersen and Stefano Mazzotta
365: Exchange rates and fundamentals - new evidence from real-time data
Michael Ehrmann and Marcel Fratzscher
364: Asset price booms and monetary policy
Carsten Detken and Frank Rafael Smets
363: Communication and exchange rate policy
Marcel Fratzscher
362: Oil price shocks and real GDP growth: empirical evidence for some OECD countries
Rebeca Jiménez-Rodríguez and Marcelo Sánchez
361: Excess reserves and the implementation of monetary policy of the ECB
Ulrich Bindseil , Gonzalo Camba-Mendez , Astrid Hirsch and Benedict Weller
360: Optimal monetary policy rules for the euro area: an analysis using the area wide model
Alistair Dieppe , Keith Küster and Peter McAdam
359: The longer term refinancing operations of the ECB
Ulrich Bindseil , Tobias Linzert and Dieter Nautz
358: Did the pattern of aggregate employment growth change in the euro area in the late 1990s?
Gilles MOURRE
357: Seasonal adjustment and the detection of business cycle phases
Antonio Matas Mir and Denise Osborn
356: Developing a euro area accounting matrix: issues and applications
Tjeerd Jellema , Steven Jan Keuning , Peter McAdam and Reimund Mink