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526: On some fiscal effects on mortgage debt growth in the EU

Guido Wolswijk

525: Distilling co-movements from persistent macro and financial series

Karim Abadir and Gabriel Talmain

524: Price setting in the euro area: some stylized facts from individual consumer price data

Emmanuel Dhyne, Luis J. Álvarez, Hervé LE BIHAN, Giovanni Veronese, Daniel Dias, Johannes Hoffmann, Nicole Jonker, Patrick Lünnemann, Fabio Rumler and Jouko Vilmunen

523: How frequently do consumer prices change in Austria? Evidence from micro CPI data

Josef Baumgartner, Ernst Glatzer, Fabio Rumler and Alfred M. Stiglbauer

522: Price setting behaviour in Spain: evidence from micro PPI data

Luis J. Álvarez, Pablo Burriel and Ignacio Hernando

521: Inflation persistence in structural macroeconomic models (RG10)

Berben, Robert-Paul, Ricardo Mestre, Julian Morgan, Theo Mitrakos and Nicholas Zonzilos

520: Delegated portfolio management: a survey of the theoretical literature

Livio Stracca

519: Non-Keynesian effects of fiscal contraction in new member states

Andrzej Rzonca and Piotr Cizkowicz

518: Term structure and the sluggishness of retail bank interest rates in euro area countries

Gabe de Bondt, Benoit Mojon and Natacha Valla

517: Credit ratings and the standardised approach to credit risk in Basel II

Patrick Van Roy

516: The European Monetary Union as a commitment device for new EU member states

Federico Ravenna

515: An international analysis of earnings, stock prices and bond yields

Alain Durré and Pierre Giot

514: Gains from international monetary policy coordination - does it pay to be different?

Zheng Liu and Evi Paraskevi Pappa

513: Does government spending crowd in private consumption? Theory and empirical evidence for the euro area

Günter Coenen and Roland Straub

512: Counterfeiting and inflation

Cyril Monnet

511: Time or state dependent price setting rules? Evidence from Portuguese micro data

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

510: Factor analysis in a New-Keynesian model

Andreas Beyer, Roger E. A. Farmer, Jerome Henry and Massimiliano Marcellino

509: Productivity shocks, budget deficits and the current account

Matthieu Bussiere, Marcel Fratzscher and Gernot J. Müller

508: Systemic risk in alternative payment system designs

Peter Galos and Kimmo Soramäki

507: Incorporating a “public good factor” into the pricing of large-value payment systems

Cornelia Holthausen and Jean Charles Rochet

506: Settlement finality as a public good in large-value payment systems

Henri F. Pages and David Humphrey

505: Public good issues in TARGET - natural monopoly, scale economies, network effects and cost allocation

Wilko Bolt and David Humphrey

504: Monetary policy predictability in the euro area: an international comparison

Wilhelmsen, Bjørn-Roger and Andrea Zaghini

503: World trade and global integration in production processes - a re-assessment of import demand equations

Ray Barrell and Stephane Dees

502: Fiscal and monetary rules for a currency union

Andrea Ferrero

501: Measuring comovements by regression quantiles

Lorenzo Cappiello, Bruno Gérard and Simone Manganelli

500: Fleshing out the monetary transmission mechanism - output composition and the role of financial frictions

André Meier and Gernot J. Müller

499: A trend-cycle(-season) filter

Matthias Mohr

498: Financial integration and entrepreneurial activity - evidence from foreign bank entry in emerging markets

Mariassunta Giannetti and Steven Ongena

497: Early-warning tools to forecast general government deficit in the euro area: the role of intra-annual fiscal indicators

Javier J. Pérez García

496: Estimates of the open economy New Keynesian Phillips curve for euro area countries

Fabio Rumler

495: Measuring inflation persistence - a structural time series approach

Maarten Dossche and Gerdie Everaert

494: Cross-country efficiency of secondary education provision - a semi-parametric analysis with non-discretionary inputs

Antonio Afonso and Miguel St. Aubyn

493: Optimal research in financial markets with heterogeneous private information a rational expectations model

Katrin Tinn

492: Experimental evidence on the persistence of output and inflation

Klaus Adam

491: On the fit and forecasting performance of New-Keynesian models

Marco Del Negro, Frank Schorfheide, Frank Rafael Smets and Raf Wouters

490: Unions, wage setting and monetary policy uncertainty

Hans Peter Grüner, Bernd Hayo and Carsten Hefeker

489: Persistence and nominal inertia in a generalized Taylor economy - how longer contracts dominate shorter contracts

Huw David Dixon and Engin Kara

488: Communication and decision-making by central bank committees - different strategies, same effectiveness?

Michael Ehrmann and Marcel Fratzscher

487: Computing second-order-accurate solutions for rational expectation models using linear solution methods

Giovanni Lombardo and Alan Sutherland

486: What drives productivity growth in the new EU member states? The case of Poland

Marcin Kolasa

485: Corporate investment and cash flow sensitivity - what drives the relationship?

Paul Mizen and Philip Vermeulen

484: Fiscal federalism and public inputs provision - vertical externalities matter

Diego Martínez

483: Money supply and the implementation of interest rate targets

Andreas Schabert

482: Forecasting macroeconomic variables for the new member states of the European Union

Anindya Banerjee, Massimiliano Marcellino and Igor Masten

481: Output and inflation responses to credit shocks - are there threshold effects in the euro area?

Alessandro Calza and João Sousa

480: Insurance policies for monetary policy in the euro area

Keith Küster and Volker Wieland

479: The performance and robustness of interest-rate rules in models of the euro area

Ramón Adalid, Günter Coenen, Peter McAdam and Stefano Siviero

478: The conquest of U.S. inflation: learning and robustness to model uncertainty

Timothy Cogley and Thomas Sargent

477: Parameter misspecification and robust monetary policy rules

Carl Walsh