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626: Financial integration, international portfolio choice and the European Monetary Union

Roberto A. De Santis and Bruno Gérard

625: Sectoral explanations of employment in Europe - the role of services

D’Agostino, Antonello, Roberta Serafini and Ward-Warmedinger, Melanie (Antonello D'Agostino)

624: Foreign reserves management subject to a policy objective

Joachim Coche, Matti Koivu, Ken Nyholm and Vesa Poikonen

623: Human capital, the structure of production, and growth

Antonio Ciccone and Elias Papaioannou

622: Short-term forecasts of euro area real GDP growth - an assessment of real-time performance based on vintage data

Marie Diron

621: Assessing predetermined expectations in the standard sticky-price model - a Bayesian approach

Peter Welz

620: Does fiscal policy matter for the trade account? A panel cointegration study

Katja Funke and Christiane Nickel

619: Cyclical inflation divergence and different labor market institutions in the EMU

Alessia Campolmi and Ester Faia

618: The patterns and determinants of price setting in the Belgian industry

David Cornille and Maarten Dossche

617: New survey evidence on the pricing behaviour of Luxembourg firms

Patrick Lünnemann and Thomas Mathä

616: Global financial transmission of monetary policy shocks

Michael Ehrmann and Marcel Fratzscher

615: Quantitative goals for monetary policy

Antonio Fatas, Ilian Mihov and Andrew Rose

614: Expenditure switching versus real exchange rate stabilization - competing objectives for exchange rate policy

Michael B. Devereux and Charles Engel

613: Welfare-based monetary policy rules in an estimated DSGE model of the US economy

Michel Juillard, Philippe Karam, Douglas Laxton and Paolo A. Pesenti

612: Optimal fiscal and monetary policy in a medium-scale macroeconomic model

Schmitt-Grohé, Stephanie and Martín Uribe

611: Monetary policy, determinacy, and learnability in the open economy

James Bullard and Eric Schaling

610: Real-time model uncertainty in the United States - the Fed from 1996-2003

Robert Tetlow and Brian Ironside

609: The elusive welfare economics of price stability as a monetary policy objective - why New Keynesian central bankers should validate core inflation

Willem Hendrik Buiter

608: How does information affect the comovement between interest rates and exchange rates?

Marcelo Sánchez

607: Price setting behaviour in the Netherlands - results of a survey

Marco Hoeberichts and A.C.J. Stokman

606: Measuring the importance of the uniform nonsynchronization hypothesis

Daniel Dias, Carlos Robalo Marques and João M.C. Santos Silva

605: (Un)Predictability and macroeconomic stability

D’Agostino, Antonello, Domenico Giannone and Paolo Surico (Antonello D'Agostino)

604: A dynamic model of settlement

Thorsten V. Koeppl, Cyril Monnet and Ted Temzelides

603: Estimating multi-country VAR models

Fabio Canova and Matteo Ciccarelli

602: Job flow dynamics and firing restrictions - evidence from Europe

Julian Messina and Giovanna Vallanti

601: Excess burden and the cost of inefficiency in public services provision

Antonio Afonso and Vítor Gaspar

600: A speed limit monetary policy rule for the euro area

Livio Stracca

599: What effects is EMU having on the euro area and its member countries? An overview

Francesco Paolo Mongelli and Juan Luis Vega

598: The impact of the euro on financial markets

Lorenzo Cappiello, Peter Hördahl, Arjan Kadareja and Simone Manganelli

597: Price setting and inflation persistence: did EMU matter?

Ignazio Angeloni, Luc Aucremanne and Matteo Ciccarelli

596: The effects of EMU on structural reforms in labour and product markets

Romain Duval and Jørgen Elmeskov

595: Trends and cycles in the euro area: how much heterogeneity and should we worry about it?

Domenico Giannone and Lucrezia Reichlin

594: The euro's trade effect

Richard Baldwin

593: Robustifying learnability

Robert Tetlow and Peter von zur Muehlen

592: Non-linear dynamics in the euro area demand for M1

Alessandro Calza and Andrea Zaghini

591: Cointegration in panel data with breaks and cross-section dependence

Anindya Banerjee and Carrion-i-Silvestre, Josep

590: The pecking order of cross-border investment

Christian Daude and Marcel Fratzscher

589: Forecasting economic aggregates by disaggregates

David F. Hendry and Kirstin Hubrich

588: Rational inattention, inflation developments and perceptions after the euro cash changeover

Michael Ehrmann

587: Determinants of business cycle synchronisation across euro area countries

Uwe Böwer and Catherine Guillemineau

586: A method to generate structural impulse-responses for measuring the effects of shocks in structural macro models

Andreas Beyer and Roger E. A. Farmer

585: Are specific skills an obstacle to labor market adjustment? Theory and an application to the EU enlargement

Ana Lamo, Julian Messina and Etienne Wasmer

584: A new theory of forecasting

Simone Manganelli

583: Back to square one: identification issues in DSGE models

Fabio Canova and Luca Sala

582: Bank interest rate pass-through in the euro area: a cross country comparison

Florin O. Bilbiie, André Meier and Gernot J. Müller

581: Public sector efficiency: evidence for new EU member states and emerging markets

Antonio Afonso, Ludger Schuknecht and Vito Tanzi

580: Bank interest rate pass-through in the euro area: a cross country comparison

Christoffer Kok Sørensen and Thomas Werner

579: A disaggregated framework for the analysis of structural developments in public finances

Jana Kremer, Claudia Rodrigues Braz, Teunis Brosens, Geert Langenus, Sandro Momigliano and Mikko Spolander

578: Forecasting ECB monetary policy - accuracy is (still) a matter of geography

Helge Berger, Michael Ehrmann and Marcel Fratzscher

577: Distortionary taxation, debt, and the price level

Andreas Schabert and Leopold von Thadden