Report NEP-MON-2005-10-04

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Other reports in NEP-MON

The following items were anounced in this report:

• Ignazio Angeloni & Michael Ehrmann, 2004. "Euro area inflation differentials," Working Paper Series 388, European Central Bank. [Downloadable!]
• Federico Ravenna, 2005. "The European Monetary Union as a commitment device for new EU member states," Working Paper Series 516, European Central Bank. [Downloadable!]
• Günter Coenen, 2003. "Inflation persistence and robust monetary policy design," Working Paper Series 290, European Central Bank. [Downloadable!]
• Günter Coenen & Volker Wieland, 2004. "Exchange-rate policy and the zero bound on nominal interest rates," Working Paper Series 350, European Central Bank. [Downloadable!]
• Andreas Schabert, 2005. "Money supply and the implementation of interest rate targets," Working Paper Series 483, European Central Bank. [Downloadable!]
• Hans Peter Grüner & Bernd Hayo & Carsten Hefeker, 2005. "Unions, wage setting and monetary policy uncertainty," Working Paper Series 490, European Central Bank. [Downloadable!]
• Ulrich Bindseil, 2004. "The operational target of monetary policy and the rise and fall of reserve position doctrine," Working Paper Series 372, European Central Bank. [Downloadable!]
• Annick Bruggeman & Gonzalo Camba-Méndez & Björn Fischer & João Sousa, 2005. "Structural filters for monetary analysis - the inflationary movements of money in the euro area," Working Paper Series 470, European Central Bank. [Downloadable!]
• Lars E. O. Svensson, 2005. "Monetary policy with judgment - forecast targeting," Working Paper Series 476, European Central Bank. [Downloadable!]
• James Yetman, 2003. "The credibility of the monetary policy ‘free lunch’," Working Paper Series 284, European Central Bank. [Downloadable!]
• Rangan Gupta, 2005. "Financial Liberalization and Inflationary Dynamics in the Context of a Small Open Economy," Working papers 2005-39, University of Connecticut, Department of Economics. [Downloadable!]
• Tomasz Lyziak, 2003. "Consumer inflation expectations in Poland," Working Paper Series 287, European Central Bank. [Downloadable!]
• Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2004. "The optimal degree of discretion in monetary policy," Working Paper Series 338, European Central Bank. [Downloadable!]
• Julius Moschitz, 2004. "The determinants of the overnight interest rate in the euro area," Working Paper Series 393, European Central Bank. [Downloadable!]
• Klaus Adam & Roberto M. Billi, 2004. "Optimal monetary policy under commitment with a zero bound on nominal interest rates," Working Paper Series 377, European Central Bank. [Downloadable!]
• Maarten Dossche & Gerdie Everaert, 2005. "Measuring inflation persistence - a structural time series approach," Working Paper Series 495, European Central Bank. [Downloadable!]
• Klaus Adam & Roberto M. Billi, 2004. "Optimal monetary policy under discretion with a zero bound on nominal interest rates," Working Paper Series 380, European Central Bank. [Downloadable!]
• Sami Vähämaa, 2004. "Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB," Working Paper Series 315, European Central Bank. [Downloadable!]
• Bjørn-Roger Wilhelmsen & Andrea Zaghini, 2005. "Monetary policy predictability in the euro area: an international comparison," Working Paper Series 504, European Central Bank. [Downloadable!]
• Gregory Gadzinski & Fabrice Orlandi, 2004. "Inflation persistence in the European Union, the euro area, and the United States," Working Paper Series 414, European Central Bank. [Downloadable!]
• Vítor Gaspar & Gabriel Pérez Quirós & Hugo Rodríguez Mendizábal, 2004. "Interest rate determination in the interbank market," Working Paper Series 351, European Central Bank. [Downloadable!]
• Paolo Surico, 2003. "Measuring the time-inconsitency of US monetary policy," Working Paper Series 291, European Central Bank. [Downloadable!]
• Marcel Fratzscher, 2004. "Communication and exchange rate policy," Working Paper Series 363, European Central Bank. [Downloadable!]
• Keith Küster & Volker Wieland, 2005. "Insurance policies for monetary policy in the euro area," Working Paper Series 480, European Central Bank. [Downloadable!]
• Claudio Morana, 2004. "A structural common factor approach to core inflation estimation and forecasting," Working Paper Series 305, European Central Bank. [Downloadable!]
• Jürgen Wiemers & Ulrike Neyer, 2003. "Why do we have an interbank money market?," IWH Discussion Papers 182, Halle Institute for Economic Research. [Downloadable!]
• Björn Fischer & Petra Köhler & Franz Seitz, 2004. "The demand for euro area currencies," Working Paper Series 330, European Central Bank. [Downloadable!]
• Ulrich Bindseil & Andres Manzanares & Benedict Weller, 2004. "The role of central bank capital revisited," Working Paper Series 392, European Central Bank. [Downloadable!]
• Robert G. King & Alexander L.Wolman, 2004. "Monetary discretion, pricing complementarity and dynamic multiple equilibria," Working Paper Series 343, European Central Bank. [Downloadable!]
• Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla, 2003. "Optimal allotment policy in the eurosystem’s main refinancing operations?," Working Paper Series 295, European Central Bank. [Downloadable!]
• Michele Ca’ Zorzi & Roberto A. De Santis & Fabrizio Zampolli, 2005. "Welfare implications of joining a common currency," Working Paper Series 445, European Central Bank. [Downloadable!]
• Fabrice Collard & Harris Dellas, 2004. "The great inflation of the 1970s," Working Paper Series 336, European Central Bank. [Downloadable!]
• Carl E.Walsh, 2005. "Parameter misspecification and robust monetary policy rules," Working Paper Series 477, European Central Bank. [Downloadable!]
• Flandreau, Marc & Komlos, John, 2005. "Target Zones in Theory and History: Credibility, Efficiency, and Policy Autonomy," CEPR Discussion Papers 5199, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
• Patrick Lünnemann & Thomas Y. Mathä, 2004. "How persistent is disaggregate inflation? An analysis across EU15 countries and HICP sub-indices," Working Paper Series 415, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2004. "Equal size, equal role? Interest rate interdependence between the euro area and the United States," Working Paper Series 342, European Central Bank. [Downloadable!]
• Laurent Bilke, 2005. "Break in the mean and persistence of inflation - a sectoral analysis of French CPI," Working Paper Series 463, European Central Bank. [Downloadable!]
• Danny Pitzel & Lenno Uusküla, 2005. "The Effect of Financial Depth on Monetary Transmission," Bank of Estonia Working Papers 2005-10, Bank of Estonia, revised 10 Oct 2005. [Downloadable!]
• Patrick Lünnemann & Thomas Y. Mathä, 2005. "Regulated and services’ prices and inflation persistence," Working Paper Series 466, European Central Bank. [Downloadable!]
• João Sousa & Andrea Zaghini, 2004. "Monetary policy shocks in the euro area and global liquidity spillovers," Working Paper Series 309, European Central Bank. [Downloadable!]
• Alistair Dieppe & Keith Küster & Peter McAdam, 2004. "Optimal monetary policy rules for the euro area: an analysis using the area wide model," Working Paper Series 360, European Central Bank. [Downloadable!]
• Ricardo de O. Cavalcanti & Andrés Erosa & Tod Temzelides, 2004. "Liquidity, money creation and destruction, and the returns to banking," Working Paper Series 394, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2005. "Communication and decision-making by central bank committees - different strategies, same effectiveness?," Working Paper Series 488, European Central Bank. [Downloadable!]
• Carlos Andrés Amaya, . "Interest Rate Setting and the Colombian Monetary Transmission Mechanism," Borradores de Economia 352, Banco de la Republica de Colombia. [Downloadable!]
• Gonzalo Camba-Méndez & George Kapetanios, 2004. "Forecasting euro area inflation using dynamic factor measures of underlying inflation," Working Paper Series 402, European Central Bank. [Downloadable!]
• Lawrence Christiano & Roberto Motto & Massimo Rostagno, 2004. "The great depression and the Friedman-Schwartz hypothesis," Working Paper Series 326, European Central Bank. [Downloadable!]
• Antonella Trigari, 2004. "Equilibrium unemployment, job flows and inflation dynamics," Working Paper Series 304, European Central Bank. [Downloadable!]
• George Hondroyiannis & Sophia Lazaretou, 2004. "Inflation persistence during periods of structural change - an assessment using Greek data," Working Paper Series 370, European Central Bank. [Downloadable!]
• Florin O. Bilbiie, 2004. "The great inflation, limited asset markets participation and aggregate demand: FED policy was better than you think," Working Paper Series 408, European Central Bank. [Downloadable!]
• Olli Castrén, 2005. "Estimating and analysing currency options implied risk-neutral density functions for the largest new EU member states," Working Paper Series 440, European Central Bank. [Downloadable!]
• Albert Marcet & Juan Pablo Nicolini, 2005. "Money and prices in models of bounded rationality in high inflation economies," Working Paper Series 469, European Central Bank. [Downloadable!]
• Paulo Flavio Nacif Drummond & Zuzana Murgasova & Susan Schadler & Rachel van Elkan & Louis Kuijs, 2005. "Adopting the Euro in Central Europe: Challenges of the Next Step in European Integration," IMF Occasional Papers 234, International Monetary Fund.
• Ulrich Bindseil & Gonzalo Camba-Mendez & Astrid Hirsch & Benedict Weller, 2004. "Excess reserves and the implementation of monetary policy of the ECB," Working Paper Series 361, European Central Bank. [Downloadable!]
• Fabio Moneta, 2003. "Does the yield spread predict recessions in the euro area?," Working Paper Series 294, European Central Bank. [Downloadable!]
• Sandrine Corvoisier & Benoît Mojon, 2005. "Breaks in the mean of inflation - how they happen and what to do with them," Working Paper Series 451, European Central Bank. [Downloadable!]
• Giovanni Lombardo & Alan Sutherland, 2003. "Monetary and fiscal interactions in open economies," Working Paper Series 289, European Central Bank. [Downloadable!]
• Ulrich Bindseil & Tobias Linzert & Dieter Nautz, 2004. "The longer term refinancing operations of the ECB," Working Paper Series 359, European Central Bank. [Downloadable!]
• Daniel L. Thornton, 2005. "Open market operations and the federal funds rate," Working Papers 2005-063, Federal Reserve Bank of St. Louis. [Downloadable!]
• Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla, 2004. "Liquidity, information, and the overnight rate," Working Paper Series 378, European Central Bank. [Downloadable!]
• Olli Castrén & Tuomas Takalo & Geoffrey Wood, 2004. "Labour market reform and the sustainability of exchange rate pegs," Working Paper Series 406, European Central Bank. [Downloadable!]
• Don H. Kim & Jonathan H. Wright, 2005. "An arbitrage-free three-factor term structure model and the recent behavior of long-term yields and distant-horizon forward rates," Finance and Economics Discussion Series 2005-33, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
• Andreas Schabert & Christian Stoltenberg, 2005. "Money demand and macroeconomic stability revisited," Working Paper Series 458, European Central Bank. [Downloadable!]
• Klaus Adam, 2005. "Experimental evidence on the persistence of output and inflation," Working Paper Series 492, European Central Bank. [Downloadable!]
• Joseph G. Pearlman, 2005. "Central bank transparency and private information in a dynamic macroeconomic model," Working Paper Series 455, European Central Bank. [Downloadable!]
• Andrew T. Levin & Fabio M. Natalucci & Jeremy M. Piger, 2004. "Explicit inflation objectives and macroeconomic outcomes," Working Paper Series 383, European Central Bank. [Downloadable!]
• Timothy Cogley & Thomas J. Sargent, 2005. "The conquest of U.S. inflation: learning and robustness to model uncertainty," Working Paper Series 478, European Central Bank. [Downloadable!]
• Robert-Paul Berben & Alberto Locarno & Julian Morgan & Javier Valles, 2004. "Cross-country differences in monetary policy transmission," Working Paper Series 400, European Central Bank. [Downloadable!]
• Lorenzo Cappiello & Stéphane Guéné, 2005. "Measuring market and inflation risk premia in France and in Germany," Working Paper Series 436, European Central Bank. [Downloadable!]
• Juan de Dios Tena & Francesco Giovannoni, 2005. "Market Concentration, Macroeconomic Uncertainty and Monetary Policy," Bristol Economics Discussion Papers 05/576, Department of Economics, University of Bristol, UK. [Downloadable!]
• Liam Graham & Dennis J. Snower, 2004. "The real effects of money growth in dynamic general equilibrium," Working Paper Series 412, European Central Bank. [Downloadable!]
• Nicoletta Batini & Paul Levine & Joseph Pearlman, 2004. "Indeterminacy with inflation-forecast-based rules in a two-bloc model," Working Paper Series 340, European Central Bank. [Downloadable!]
• Marco Del Negro & Frank Schorfheide, 2005. "Monetary policy analysis with potentially misspecified models," Working Paper Series 475, European Central Bank. [Downloadable!]
• Zheng Liu & Evi Pappa, 2005. "Gains from international monetary policy coordination - does it pay to be different?," Working Paper Series 514, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2005. "Transparency, disclosure and the Federal Reserve," Working Paper Series 457, European Central Bank. [Downloadable!]
• Carsten Detken & Frank Smets, 2004. "Asset price booms and monetary policy," Working Paper Series 364, European Central Bank. [Downloadable!]
• Alessandro Calza & João Sousa, 2005. "Output and inflation responses to credit shocks - are there threshold effects in the euro area?," Working Paper Series 481, European Central Bank. [Downloadable!]
• Marcin Przybyla & Moreno Roma, 2005. "Does product market competition reduce inflation? Evidence from EU countries and sectors," Working Paper Series 453, European Central Bank. [Downloadable!]
• Andrea Ferrero, 2005. "Fiscal and monetary rules for a currency union," Working Paper Series 502, European Central Bank. [Downloadable!]
• Leif Danziger, 2005. "Output Effects of Inflation with Fixed Price- and Quantity-Adjustment Costs," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
• Andrew T. Levin & Jeremy M. Piger, 2004. "Is inflation persistence intrinsic in industrial economies?," Working Paper Series 334, European Central Bank. [Downloadable!]
• Christian Ewerhart & Nuno Cassola & Steen Ejerskov & Natacha Valla, 2004. "Sporadic manipulation in money markets with central bank standing facilities," Working Paper Series 399, European Central Bank. [Downloadable!]
• Gabe de Bondt & Benoit Mojon & Natacha Valla, 2005. "Term structure and the sluggishness of retail bank interest rates in euro area countries," Working Paper Series 518, European Central Bank. [Downloadable!]
• Günter Coenen & Andrew T. Levin, 2004. "Identifying the influences of nominal and real rigidities in aggregate price-setting behavior," Working Paper Series 418, European Central Bank. [Downloadable!]
• Carlos Robalo Marques, 2004. "Inflation persistence - facts or artefacts?," Working Paper Series 371, European Central Bank. [Downloadable!]
• Cyril Monnet, 2005. "Counterfeiting and inflation," Working Paper Series 512, European Central Bank. [Downloadable!]
• Christopher Bowdler & Eilev S. Jansen, 2004. "A mark-up model of inflation for the euro area," Working Paper Series 306, European Central Bank. [Downloadable!]
• Mattias Villani & Anders Warne, 2003. "Monetary policy analysis in a small open economy using bayesian cointegrated structural VARs?," Working Paper Series 296, European Central Bank. [Downloadable!]
• Michel Beine & Paul De Grauwe & Marianna Grimaldi, 2005. "The Impact of FX Central Bank Intervention in a Noise Trading Framework," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
• Ramón Adalid & Günter Coenen & Peter McAdam & Stefano Siviero, 2005. "The performance and robustness of interest-rate rules in models of the euro area," Working Paper Series 479, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher & Roberto Rigobon, 2005. "Stocks, bonds, money markets and exchange rates - measuring international financial transmission," Working Paper Series 452, European Central Bank. [Downloadable!]
• Nicholai Benalal & Juan Luis Diaz del Hoyo & Bettina Landau & Moreno Roma & Frauke Skudelny, 2004. "To aggregate or not to aggregate? Euro area inflation forecasting," Working Paper Series 374, European Central Bank. [Downloadable!]
• Alfred A. Haug & William G. Dewald, 2004. "Longer-term effects of monetary growth on real and nominal variables, major industrial countries, 1880-2001," Working Paper Series 382, European Central Bank. [Downloadable!]
• Paul De Grauwe & Francesco Paolo Mongelli, 2005. "Endogeneities of optimum currency areas - what brings countries sharing a single currency closer together?," Working Paper Series 468, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2004. "Exchange rates and fundamentals - new evidence from real-time data," Working Paper Series 365, European Central Bank. [Downloadable!]
• Pierpaolo Benigno & Michael Woodford, 2004. "Optimal monetary and fiscal policy: A linear-quadratic approach," Working Paper Series 345, European Central Bank. [Downloadable!]
• Paul McNelis & Peter McAdam, 2004. "Forecasting inflation with thick models and neural networks," Working Paper Series 352, European Central Bank. [Downloadable!]
• Robert-Paul Berben & Ricardo Mestre & Julian Morgan & Theodoros Mitrakos & Nikolaos G. Zonzilos, 2005. "Inflation persistence in structural macroeconomic models (RG10)," Working Paper Series 521, European Central Bank. [Downloadable!]
• Michael Ehrmann & Marcel Fratzscher, 2004. "Taking stock: monetary policy transmission to equity markets," Working Paper Series 354, European Central Bank. [Downloadable!]
• Astrid Van Landschoot, 2004. "Determinants of euro term structure of credit spreads," Working Paper Series 397, European Central Bank. [Downloadable!]
• Andreas Beyer & Roger E. A. Farmer, 2004. "On the indeterminacy of New-Keynesian economics," Working Paper Series 323, European Central Bank. [Downloadable!]
• Attila Rátfai, 2004. "Inflation and relative price asymmetry," Working Paper Series 301, European Central Bank. [Downloadable!]
• Huw Dixon & Engin Kara, 2005. "Persistence and nominal inertia in a generalized Taylor economy - how longer contracts dominate shorter contracts," Working Paper Series 489, European Central Bank. [Downloadable!]
• Charles Goodhart, 2005. "An Essay on the Interactions between the Bank of England's Forecasts, The MPC's Policy Adjustments, and the Eventual Outcome," FMG Discussion Papers dp546, Financial Markets Group. [Downloadable!] (restricted)
• Eilev S. Jansen, 2004. "Modelling inflation in the euro area," Working Paper Series 322, European Central Bank. [Downloadable!]

This page was last updated on 2009-11-15.