Working Paper Series
From European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC. Bibliographic data for series maintained by Official Publications (). Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.
- 2004399: Sporadic manipulation in money markets with central bank standing facilities

- Nuno Cassola, Steen Ejerskov, Christian Ewerhart and Natacha Valla
- 2004398: Mergers and acquisitions and bank performance in Europe: the role of strategic similarities

- Yener Altunbas and David Marques-Ibanez
- 2004397: Determinants of euro term structure of credit spreads

- Astrid Van Landschoot
- 2004396: The short-term impact of government budgets on prices: evidence from macroeconomic models

- Jerome Henry, Pablo Hernández de Cos and Sandro Momigliano
- 2004395: Fiscal sustainability and public debt in an endogenous growth model

- Jean-Pierre Vidal and Jesús Fernández-Huertas Moraga
- 2004394: Liquidity, money creation and destruction, and the returns to banking

- Ricardo Cavalcanti, Andres Erosa and Ted Temzelides
- 2004393: The determinants of the overnight interest rate in the euro area

- Julius Moschitz
- 2004392: The role of central bank capital revisited

- Ulrich Bindseil, Andrés Manzanares and Benedict Weller
- 2004391: Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE approach

- Frank Smets and Raf Wouters
- 2004390: Financial markets' behavior around episodes of large changes in the fiscal stance

- Silvia Ardagna
- 2004389: Forecasting with a Bayesian DSGE model: an application to the euro area

- Frank Smets and Raf Wouters
- 2004388: Euro area inflation differentials

- Ignazio Angeloni and Michael Ehrmann
- 2004387: Horizontal and vertical integration and securities trading and settlement

- Jens Tapking and Jing Yang
- 2004386: Intergenerational altruism and neoclassical growth models

- Philippe Michel, Jean-Pierre Vidal and Emmanuel Thibault
- 2004385: Euro area sovereign yield dynamics: the role of order imbalance

- Albert Menkveld, Yiu Chung Cheung and Frank de Jong
- 2004384: Price rigidity. Evidence from the French CPI micro-data

- Patrick Sevestre, Laurent Baudry, Hervé Le Bihan and Sylvie Tarrieu
- 2004383: Explicit inflation objectives and macroeconomic outcomes

- Andrew Levin, Jeremy Piger and Fabio M. Natalucci
- 2004382: Longer-term effects of monetary growth on real and nominal variables, major industrial countries, 1880-2001

- William G. Dewald and Alfred Haug
- 2004381: Fiscal rules and sustainability of public finances in an endogenous growth model

- Nicola Giammarioli and Barbara Annicchiarico
- 2004380: Optimal monetary policy under discretion with a zero bound on nominal interest rates

- Klaus Adam and Roberto Billi
- 2004379: Do financial market variables show (symmetric) indicator properties relative to exchange rate returns?

- Olli Castrén
- 2004378: Liquidity, information, and the overnight rate

- Nuno Cassola, Steen Ejerskov, Christian Ewerhart and Natacha Valla
- 2004377: Optimal monetary policy under commitment with a zero bound on nominal interest rates

- Klaus Adam and Roberto Billi
- 2004376: Raising rival's costs in the securities settlement industry

- Cornelia Holthausen and Jens Tapking
- 2004375: Guess what: it's the settlements!

- Cyril Monnet and Thorsten Koeppl
- 2004374: To aggregate or not to aggregate? Euro area inflation forecasting

- Moreno Roma, Frauke Skudelny, Nicholai Benalal, Juan Luis Diaz del Hoyo and Bettina Landau
- 2004373: Technology shocks and robust sign restrictions in a euro area SVAR

- Gert Peersman and Roland Straub
- 2004372: The operational target of monetary policy and the rise and fall of reserve position doctrine

- Ulrich Bindseil
- 2004371: Inflation persistence: facts or artefacts?

- Carlos Marques
- 2004370: Inflation persistence during periods of structural change: an assessment using Greek data

- George Hondroyiannis and Sophia Lazaretou
- 2004369: Sovereign risk premia in the European government bond market

- Ludger Schuknecht, Juergen von Hagen and Kerstin Bernoth
- 2004368: Capital quality improvement and the sources of growth in the euro area

- Plutarchos Sakellaris and Focco Vijselaar
- 2004367: Factor substitution and factor augmenting technical progress in the US: a normalized supply-side system approach

- Rainer Klump, Peter McAdam and Alpo Willman
- 2004366: The informational content of over-the-counter currency options

- Peter Christoffersen and Stefano Mazzotta
- 2004365: Exchange rates and fundamentals: new evidence from real-time data

- Michael Ehrmann and Marcel Fratzscher
- 2004364: Asset price booms and monetary policy

- Carsten Detken and Frank Smets
- 2004363: Communication and exchange rate policy

- Marcel Fratzscher
- 2004362: Oil price shocks and real GDP growth: empirical evidence for some OECD countries

- Rebeca Jiménez-Rodríguez and Marcelo Sánchez
- 2004361: Excess reserves and implementation of monetary policy of the ECB

- Ulrich Bindseil, Gonzalo Camba-Mendez, Astrid Hirsch and Benedict Weller
- 2004360: Optimal monetary policy rules for the euro area: an analysis using the area wide model

- Alistair Dieppe, Keith Kuester and Peter McAdam
- 2004359: The longer term refinancing operations of the ECB

- Tobias Linzert, Dieter Nautz and Ulrich Bindseil
- 2004358: Did the pattern of aggregate employment growth change in the euro area in the late 1990s?

- Gilles Mourre
- 2004357: Seasonal adjustment and the detection of business cycle phases

- Antonio Matas Mir and Denise Osborn
- 2004356: Developing a euro area accounting matrix: issues and applications

- Peter McAdam, Tjeerd Jellema, Steven Keuning and Reimund Mink
- 2004355: Production interdependence and welfare

- Kevin Huang and Zheng Liu
- 2004354: Taking stock: monetary policy transmission to equity markets

- Michael Ehrmann and Marcel Fratzscher
- 2004353: Towards the estimation of equilibrium exchange rates for CEE acceding countries: methodological issues and a panel cointegration perspective

- Francisco Maeso-Fernandez, Chiara Osbat and Bernd Schnatz
- 2004352: Forecasting inflation with thick models and neural networks

- Peter McAdam and Paul McNelis
- 2004351: Interest rate determination in the interbank market

- Gaspar, Vítor, Gabriel Perez Quiros and Hugo Rodriguez Mendizabal
- 2004350: Exchange-rate policy and the zero bound on nominal interest rates

- Günter Coenen and Volker Wieland
- 2004349: Estimating the rank of the spectral density matrix

- Gonzalo Camba-Mendez and George Kapetanios
- 2004348: Financial openness and growth: short-run gain, long-run pain?

- Marcel Fratzscher and Matthieu Bussiere
- 2004347: Firms' investment decisions in response to demand and price uncertainty

- Catherine Fuss and Philip Vermeulen
- 2004346: Perpetual youth and endogenous labour supply: a problem and a possible solution

- Guido Ascari and Neil Rankin
- 2004345: Optimal monetary and fiscal policy: a linear-quadratic approach

- Pierpaolo Benigno and Michael Woodford
- 2004344: Ramsey monetary policy and international relative prices

- Ester Faia and Tommaso Monacelli
- 2004343: Monetary discretion, pricing complementarity and dynamic multiple equilibria

- Robert G. King and Alexander Wolman
- 2004342: Equal size, equal role? Interdependence between the euro area and the United States

- Michael Ehrmann and Marcel Fratzscher
- 2004341: Benefits and spillovers of greater competition in Europe: a macroeconomic assessment

- Tamim Bayoumi, Douglas Laxton and Paolo Pesenti
- 2004340: Indeterminacy with inflation-forecast-based rules in a two-bloc model

- Nicoletta Batini, Paul Levine and Joseph Pearlman
- 2004339: Understanding the effects of government spending on consumption

- Jordi Galí, David López-Salido and Javier Valles
- 2004338: The optimal degree of discretion in monetary policy

- Susan Athey, Andrew Atkeson and Patrick Kehoe
- 2004337: The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations

- Athanasios Orphanides and John Williams
- 2004336: The great inflation of the 1970s

- Fabrice Collard and Harris Dellas
- 2004335: Has euro-area inflation persistence changed over time?

- Gerard O'Reilly and Karl Whelan
- 2004334: Is inflation persistence intrinsic in industrial economies?

- Andrew Levin and Jeremy Piger
- 2004333: The pricing behaviour of Italian firms: new survey evidence on price stickiness

- Silvia Fabiani, Angela Gattulli and Roberto Sabbatini
- 2004332: Stylised features of price setting behaviour in Portugal: 1992-2001

- Monica Costa Dias, Daniel Dias and Pedro Neves
- 2004331: How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI

- Luc Aucremanne and Emmanuel Dhyne
- 2004330: The demand for euro area currencies: past, present and future

- Björn Fischer, Petra Köhler-Ulbrich and Franz Seitz
- 2004329: On the determinants of euro area FDI to the United States: the knowledge- capital-Tobin's Q framework

- Robert Anderton, Alexander Hijzen and Roberto De Santis
- 2004328: Non-fundamental exchange rate volatility and welfare

- Roland Straub and Ivan Tchakarov
- 2004327: Diversification in euro area stock markets: country versus industry

- Gerard Moerman
- 2004326: The Great Depression and the Friedman-Schwartz hypothesis

- Lawrence Christiano, Roberto Motto and Massimo Rostagno
- 2004325: What are the spill-overs from fiscal shocks in Europe? An empirical analysis

- Massimo Giuliodori and Roel Beetsma
- 2004324: Fundamentals and joint currency crises

- Philipp Hartmann, Stefan Straetmans and Casper de Vries
- 2004323: On the indeterminacy of new-Keynesian economics

- Andreas Beyer and Roger Farmer
- 2004322: Modelling inflation in the euro area

- Eilev Jansen
- 2004321: Frequency domain principal components estimation of fractionally cointegrated processes

- Claudio Morana
- 2004320: Institutions and service employment: a panel study for OECD countries

- Julian Messina
- 2004319: Risk sharing through financial markets with endogenous enforcement of trades

- Thorsten Koeppl
- 2004318: Gross job flows and institutions in Europe

- Ramon Gomez-Salvador, Julian Messina and Giovanna Vallanti
- 2004317: Fiscal policy and inflation volatility

- Peter Backé
- 2004316: Cooperation in international banking supervision

- Cornelia Holthausen and Thomas Rønde
- 2004315: Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB

- Sami Vähämaa
- 2004314: Exchange rate risks and asset prices in a small open economy

- Alexis Derviz
- 2004313: The high-yield segment of the corporate bond market: a diffusion modelling approach for the United States, the United Kingdom and the euro area

- Gabe de Bondt and David Marques-Ibanez
- 2004312: Similarities and convergence in G-7 cycles

- Fabio Canova, Matteo Ciccarelli and Eva Ortega
- 2004311: Current accounts dynamics in OECD and EU acceding countries - an intertemporal approach

- Marcel Fratzscher, Gernot Müller and Matthieu Bussiere
- 2004310: International equity flows and returns: a quantative equilibrium approach

- Rui Albuquerque, Gregory Bauer and Martin Schneider
- 2004309: Monetary policy shocks in the euro area and global liquidity spillovers

- João Sousa and Andrea Zaghini
- 2004308: International risk-sharing and the transmission of productivity shocks

- Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
- 2004307: Budgetary forecasts in Europe - the track record of stability and convergence programmes

- Rolf Strauch, Mark Hallerberg and Juergen von Hagen
- 2004306: A markup model of inflation for the euro area

- Christopher Bowdler and Eilev Jansen
- 2004305: A structural common factor approach to core inflation estimation and forecasting

- Claudio Morana
- 2004304: Equilibrium unemployment, job flows and inflation dynamics

- Antonella Trigari
- 2004303: Fiscal policy events and interest rate swap spreads: evidence from the EU

- Rolf Strauch and Antonio Afonso
- 2004302: Deposit insurance, moral hazard and market monitoring

- Reint Gropp and Jukka Vesala
- 2004301: Inflation and relative price asymmetry

- Attila Ratfai
- 2004300: Developing statistical indicators of the integration of the euro area banking system

- Michele Manna
| |