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.
- 2004299: Import prices and pricing-to-market effects in the euro area

- Thomas Warmedinger
- 2003298: The lender of last resort: a 21st century approach

- Xavier Freixas, Jean Rochet and Bruno M. Parigi
- 2003297: Measurement of contagion in banks' equity prices

- Reint Gropp and Gerard Moerman
- 2003296: Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs

- Anders Warne and Mattias Villani
- 2003295: Optimal allotment policy in the Eurosystem's main refinancing operations

- Nuno Cassola, Steen Ejerskov, Christian Ewerhart and Natacha Valla
- 2003294: Does the yield spread predict recessions in the euro area?

- Fabio Moneta
- 2003293: Committees and special interests

- Hans Peter Grüner and Mike Felgenhauer
- 2003292: Bank mergers, competition and liquidity

- Elena Carletti, Philipp Hartmann and Giancarlo Spagnolo
- 2003291: Measuring the time-inconsistency of US monetary policy

- Paolo Surico
- 2003290: Inflation persistence and robust monetary policy design

- Günter Coenen
- 2003289: Monetary and fiscal interactions in open economies

- Alan Sutherland and Giovanni Lombardo
- 2003288: Implementing optimal control in cointegrated I(1) structural VAR models

- Francesca V. Monti
- 2003287: Consumer inflation expectations in Poland

- Tomasz Łyziak
- 2003286: Country and sector-specific spillover effects in the euro area, the United States and Japan

- Bernd Kaltenhaeuser
- 2003285: Government deficits, wealth effects and the price level in an optimizing model

- Barbara Annicchiarico
- 2003284: The credibility of the monetary policy "free lunch"

- James Yetman
- 2003283: US, Japan and the euro area: comparing business-cycle features

- Peter McAdam
- 2003282: Optimal dynamic risk sharing when enforcement is a decision variable

- Thorsten Koeppl
- 2003281: Identifying fiscal shocks and policy regimes in OECD countries

- Giuseppe De Arcangelis and Serena Lamartina
- 2003280: Inflation, factor substitution and growth

- Rainer Klump
- 2003279: Designing targeting rules for international monetary policy cooperation

- Gianluca Benigno and Pierpaolo Benigno
- 2003278: Relevant economic issues concerning the optimal rate of inflation

- Gonzalo Camba-Mendez, García, Juan Angel and Diego Rodriguez-Palenzuela
- 2003277: On the indeterminacy of determinacy and indeterminacy

- Andreas Beyer and Roger Farmer
- 2003276: Short-term estimates of euro area real GDP by means of monthly data

- Gerhard Rünstler and Franck Sedillot
- 2003275: Identifying the monetary transmission mechanism using structural breaks

- Andreas Beyer and Roger Farmer
- 2003274: Interpreting implied risk-neutral densities: the role of risk premia

- David Vestin and Peter Hördahl
- 2003273: Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations

- Efrem Castelnuovo, Diego Rodriguez-Palenzuela and Sergio Nicoletti Altimari
- 2003272: Inflation targets and the liquidity trap

- Matt Klaeffling and Víctor López Pérez
- 2003271: Indeterminacy and search theory

- Nicola Giammarioli
- 2003270: Downward nominal wage rigidity and the long-run Philips Curve: simulation-based evidence for the euro area

- Günter Coenen
- 2003269: Zero lower bound: is it a problem in the euro area?

- Günter Coenen
- 2003268: The output composition puzzle: a difference in the monetary transmission mechanism in the euro area and U.S

- Ignazio Angeloni, Anil Kashyap, Benoit Mojon and Daniele Terlizzese
- 2003267: Comparing economic dynamics in the EU and CEE accession countries

- Ralph Süppel
- 2003266: Finance and growth in the EU: new evidence from the liberalisation and harmonisation of the banking industry

- Diego Romero De Ãvila
- 2003265: New Keynesian Phillips Curves: a reassessment using euro-area data

- Peter McAdam and Alpo Willman
- 2003264: A monthly monetary model with banking intermediation for the euro area

- Annick Bruggeman and Marie Donnay
- 2003263: Measuring contagion with a Bayesian, time-varying coefficient model

- Matteo Ciccarelli and Alessandro Rebucci
- 2003262: Indeterminacy of rational expectations equilibria in sequential financial markets

- Paola Donati
- 2003261: Why has broad money demand been more stable in the euro area than in other economies? A literature review

- Alessandro Calza and João Sousa
- 2003260: Aggregation-theoretic monetary aggregation over the euro area, when countries are heterogeneous

- William Barnett
- 2003259: Implicit tax co-ordination under repeated policy interactions

- Marco Catenaro and Jean-Pierre Vidal
- 2003258: Interest rate reaction functions and the Taylor rule in the euro area

- Petra Gerlach-Kristen
- 2003257: Macroeconomic modelling of monetary policy

- Matt Klaeffling
- 2003256: Information acquisition and decision making in committees: a survey

- Kerstin Gerling, Hans Peter Grüner, Alexandra Kiel and Elisabeth Schulte
- 2003255: Is the demand for euro area M3 stable?

- Annick Bruggeman, Paola Donati and Anders Warne
- 2003254: Forecasting real GDP: what role for narrow money?

- Claus Brand, Hans-Eggert Reimers and Franz Seitz
- 2003253: Bond market inflation expectations and longer-term trends in broad monetary growth and inflation in industrial countries, 1880-2001

- William G. Dewald
- 2003252: Interpolation and backdating with a large information set

- Elena Angelini, Jerome Henry and Massimiliano Marcellino
- 2003251: Consumption, habit persistence, imperfect information and the lifetime budget constraint

- Alpo Willman
- 2003250: Persistence, the transmission mechanism and robust monetary policy

- Peter Backé, Frank Smets and Günter Coenen
- 2003249: Trade advantages and specialisation dynamics in acceding countries

- Andrea Zaghini
- 2003248: Exchange rates and fundamentals

- Charles Engel and Kenneth West
- 2003247: Forecasting euro area inflation: Does aggregating forecasts by HICP component improve forecast accuracy?

- Kirstin Hubrich
- 2003246: Public finances and long-term growth in Europe - evidence from a panel data analysis

- Diego Romero De Ãvila and Rolf Strauch
- 2003245: Money and payments: a modern perspective

- Cornelia Holthausen and Cyril Monnet
- 2003244: How does the ECB allot liquidity in its weekly main refinancing operations? A look at the empirical evidence

- Steen Ejerskov, Clara Martin Moss and Livio Stracca
- 2003243: Pass-through of external shocks to euro area inflation

- Elke Hahn
- 2003242: Public sector efficiency: an international comparison

- Ludger Schuknecht, Vito Tanzi and Antonio Afonso
- 2003241: Maintaining price stability under free-floating: a fearless way out of the corner?

- Carsten Detken and Gaspar, Vítor
- 2003240: Monetary policy transmission in the euro area: any changes after EMU?

- Michael Ehrmann and Peter Backé
- 2003239: Temporary shocks and unavoidable transitions to a high-unemployment regime

- Wouter J. Den Haan
- 2003238: The impact of monetary union on trade prices

- Daria Taglioni, Robert Anderton and Richard Baldwin
- 2003237: Growth expectations, capital flows and international risk sharing

- Marcus Miller, Roger Stiegert and Olli Castrén
- 2003236: Swiss monetary policy targeting 1974-1996: the role of internal policy analysis

- Georg Rich
- 2003235: Volatility of interest rates in the euro area: evidence from high frequency data

- Nuno Cassola and Claudio Morana
- 2003234: Unemployment, hysteresis and transition

- Miguel Leon-Ledesma and Peter McAdam
- 2003233: The natural real rate of interest in the euro area

- Nicola Giammarioli and Natacha Valla
- 2003232: Describing the Fed's conduct with Taylor rules: is interest rate smoothing important?

- Efrem Castelnuovo
- 2003231: Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

- Athanasios Orphanides, Volker Wieland and Günter Coenen
- 2003230: The euro area financial system: structure, integration and policy initiatives

- Philipp Hartmann, Angela Maddaloni and Simone Manganelli
- 2003229: How does the ECB target inflation?

- Paolo Surico
- 2003228: Monetary policy shocks - a nonfundamental look at the data

- Matt Klaeffling
- 2003227: Monetary policy in a low pass-through environment

- Tommaso Monacelli
- 2003226: The central bank as a risk manager: quantifying and forecasting inflation risks

- Lutz Kilian and Simone Manganelli
- 2003225: Productivity and the ('synthetic') euro-dollar exchange rate

- Chiara Osbat, Bernd Schnatz and Focco Vijselaar
- 2003224: The rise of the yen vis-a-vis the "synthetic" euro: is it supported by economic fundamentals?

- Chiara Osbat, Rasmus Rüffer and Bernd Schnatz
- 2003223: Optimal monetary policy with imperfect common knowledge

- Peter Backé
- 2003222: Inflation dynamics and subjective expectations in the United States

- Mario Padula and Peter Backé
- 2003221: Estimating risk premia in money market rates

- Alain Durré, Snorre Evjen and Rasmus Pilegaard
- 2003220: The allocation of competencies in an international union: a positive analysis

- Michele Ruta
- 2003219: Extra-euro area manufacturing import prices and exchange rate pass-through

- Robert Anderton
- 2003218: The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan

- Volker Wieland and Günter Coenen
- 2003217: The role of product market regulations in the process of structural change

- Julian Messina
- 2003216: The admission of accession countries to an enlarged monetary union: a tentative assessment

- Michele Ca' Zorzi and Roberto De Santis
- 2003215: Budget institutions and fiscal performance in Central and Eastern European countries

- Holger Gleich
- 2003214: On the selection of forecasting models

- Atsushi Inoue and Lutz Kilian
- 2003213: Aggregation and euro area Phillips curves

- Silvia Fabiani and Julian Morgan
- 2003212: Modelling the implied probability of stock market movements

- Ernst Glatzer and Martin Scheicher
- 2003211: Self-control and savings

- Philippe Michel and Jean-Pierre Vidal
- 2003210: Anticipated Ramsey reforms and the uniform taxation principle: the role of international financial markets

- Stephanie Schmitt-Grohe and Martín Uribe
- 2003209: A framework for collateral risk control determination

- Didier Cossin, Fernando González, Zhijiang Huang and Peter Backé
- 2003208: Do demographic changes affect risk premiums? Evidence from international data

- Andrew Ang and Angela Maddaloni
- 2003207: A comprehensive model on the euro overnight rate

- Flemming Reinhardt Würtz
- 2003206: Empirical estimates of reaction functions for the euro area

- Dieter Gerdesmeier and Barbara Roffia
- 2003205: Real exchange rate in an inter-temporal n-country-model with incomplete markets

- Benoît Mercereau
- 2003204: Asymmetric dynamics in the correlations of global equity and bond returns

- Lorenzo Cappiello, Robert Engle and Kevin Sheppard
- 2003203: Myopic loss aversion, disappointment aversion, and the equity premium puzzle

- Livio Stracca and David Fielding
- 2003202: Aggregate loans to the euro area private sector

- Alessandro Calza, João Sousa and Marta Manrique
- 2002201: Euro area inflation persistence

- Nicoletta Batini
- 2002200: Interdependence between the euro area and the US: what role for EMU?

- Michael Ehrmann and Marcel Fratzscher
| |