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476: Monetary policy with judgment - forecast targeting

Lars E.O. Svensson

475: Monetary policy analysis with potentially misspecified models

Marco Del Negro and Frank Schorfheide

474: Calvo pricing and imperfect common knowledge - a forward looking model of rational inflation inertia

Kristoffer P. Nimark

473: Fiscal consolidations in the Central and Eastern European countries

Antonio Afonso, Christiane Nickel and Philipp Rother

472: Yield curve prediction for the strategic investor

Carlos Bernadell, Joachim Coche and Ken Nyholm

471: Real wages and local unemployment in the euro area

Anna Sanz de Galdeano and Jarkko Turunen (Anna Sanz-de-Galdeano)

470: Structural filters for monetary analysis - the inflationary movements of money in the euro area

Annick Bruggeman, Camba-Méndez, Gonzalo, Björn Fischer and João Sousa

469: Money and prices in models of bounded rationality in high inflation economies

Albert Marcet and Juan Pablo Nicolini

468: Endogeneities of optimum currency areas - what brings countries sharing a single currency closer together?

Paul De Grauwe and Francesco Paolo Mongelli

467: Socio-economic development and fiscal policy - lessons from the cohesion countries for the new member states

Aaron Nikolai Mehrotra and Tuomas A. Peltonen

466: Regulated and services’ prices and inflation persistence

Patrick Lünnemann and Thomas Mathä

465: Determinants and consequences of the unification of dual-class shares

Anete Pajuste

464: The price-setting behavior of Austrian firms - some survey evidence

Claudia Kwapil, Josef Baumgartner and Johann Scharler

463: Break in the mean and persistence of inflation - a sectoral analysis of French CPI

Laurent Bilke

462: Time-dependent versus state-dependent pricing - a panel data approach to the determinants of Belgian consumer price changes

Luc Aucremanne and Emmanuel Dhyne

461: Do decreasing hazard functions for price changes make any sense?

Luis J. Álvarez, Pablo Burriel and Ignacio Hernando

460: Part-time work in EU countries - labour market mobility, entry and exit

Hielke Buddelmeyer, Gilles MOURRE and Ward-Warmedinger, Melanie

459: Capital flows and the US ‘New Economy’ - consumption smoothing and risk exposure

Marcus Miller, Olli Castrén and Lei Zhang

458: Money demand and macroeconomic stability revisited

Andreas Schabert and Christian A. Stoltenberg

457: Transparency, disclosure and the Federal Reserve

Michael Ehrmann and Marcel Fratzscher

456: The French block of the ESCB multi-country model

Frédéric Boissay and Villetelle, Jean-Pierre

455: Central bank transparency and private information in a dynamic macroeconomic model

Joseph Gerson Pearlman

454: European women - why do(n’t) they work?

Véronique Genre, Ramón Gómez Salvador and Ana Lamo

453: Does product market competition reduce inflation? Evidence from EU countries and sectors

Marcin Przybyla and Moreno Roma

452: Stocks, bonds, money markets and exchange rates - measuring international financial transmission

Michael Ehrmann, Marcel Fratzscher and Roberto Rigobon

451: Breaks in the mean of inflation - how they happen and what to do with them

Sandrine Corvoisier and Benoit Mojon

450: Using mean reversion as a measure of persistence

Daniel Dias and Carlos Robalo Marques

449: Consumer price behaviour in Italy - evidence from micro CPI data

Giovanni Veronese, Silvia Fabiani and Roberto Sabbatini

448: Price-setting behaviour in Belgium - what can be learned from an ad hoc survey?

Luc Aucremanne and Martine Druant

447: Foreign exchange option and returns based correlation forecasts - evaluation and two applications

Olli Castrén and Stefano Mazzotta

446: Trade effects of the euro - evidence from sectoral data

Richard Baldwin, Frauke Skudelny and Daria Taglioni

445: Welfare implications of joining a common currency

Ca’ Zorzi, Michele, Roberto A. De Santis and Fabrizio Zampolli

444: Keeping up with the Joneses, reference dependence, and equilibrium indeterminacy

Livio Stracca and al-Nowaihi, Ali

443: Explaining cross-border large-value payment flows - evidence from TARGET and EURO 1 data

Simonetta Rosati and Stefania Secola

442: Why do financial systems differ? History matters

Cyril Monnet and Erwan Quintin

441: The Phillips curve and long-term unemployment

Ricardo Llaudes

440: Estimating and analysing currency options implied risk-neutral density functions for the largest new EU member states

Olli Castrén

439: A look at intraday frictions in the euro area overnight deposit market

Vincent Brousseau and Andrés Manzanares

438: Quality of public finances and growth

Antonio Afonso, Werner Ebert, Ludger Schuknecht and Michael Thöne

437: What drives international bank flows? Politics, institutions and other determinants

Elias Papaioannou

436: Measuring market and inflation risk premia in France and in Germany

Lorenzo Cappiello and Stéphane Guéné

435: Reforming public expenditure in industrialised countries - are there trade-offs?

Ludger Schuknecht and Vito Tanzi

434: Interest rates and output in the long-run

Yunus Aksoy and Miguel Leon-Ledesma

433: Implementing the stability and growth pact - enforcement and procedural flexibility

Roel Maria Wilhelmus Jozef Beetsma and Xavier Debrun

432: Trading European sovereign bonds - the microstructure of the MTS trading platforms

Yiu Chung Cheung, Frank de Jong and Barbara Rindi

431: Regulation of multinational banks - a theoretical inquiry

Giacomo Calzolari and Gyöngyi Lóránth

430: Public policy and the creation of active venture capital markets

Marco Da Rin, Giovanna Nicodano and Alessandro Sembenelli

429: Cross-border diversification in bank asset portfolios

Claudia M. Buch, John Driscoll and Charlotte Ostergaard

428: Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings

Pons-Sanz, Vicente

427: Interlinking securities settlement systems - a strategic commitment?

Karlo Kauko