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2008
- 905 A persistence-weighted measure of core inflation in the euro area
by Laurent Bilke & Livio Stracca - 904 Does money matter in the IS curve? The case of the UK
by Barry E. Jones & Livio Stracca - 903 A robust criterion for determining the number of static factors in approximate factor models
by Lucia Alessi & Matteo Barigozzi & Marco Capasso - 902 Fiscal consolidation in the euro area - long-run benefits and short-run costs
by Günter Coenen & Matthias Mohr & Roland Straub - 901 The usefulness of infra-annual government cash budgetary data for fiscal forecasting in the euro area
by Luca Onorante & Diego J. Pedregal & Javier J. Pérez & Sara Signorini - 900 Forecasting inflation and tracking monetary policy in the euro area - does national information help?
by Riccardo Cristadoro & Fabrizio Venditti & Giuseppe Saporito - 899 Robust monetary rules under unstructured and structured model uncertainty
by Paul Levine & Joseph Pearlman - 898 Central Bank communication and monetary policy - a survey of theory and evidence
by Alan S. Blinder & Michael Ehrmann & Marcel Fratzscher & Jakob De Haan & David-Jan Jansen - 897 DSGE-Modelling - when agents are imperfectly informed
by Paul De Grauwe - 896 The Maastricht Convergence Criteria and Optimal Monetary Policy for the EMU Accession Countries
by Anna Lipinska - 895 On the empirical evidence of the intertemporal current account model for the euro area countries
by Michele Ca’ Zorzi & Michal Rubaszek - 894 The role of country-specific trade and survey data in forecasting euro area manufacturing production. Perspective from Large Panel factor models
by Laurent Maurin & Matthieu Darracq Pariès - 893 Sticky wages. Evidence from quarterly microeconomic data
by Thomas Heckel & Hervé Le Bihan & Jérémi Montornès - 892 Identification of New Keynesian Phillips Curves from a global perspective
by Stéphane Dées & M. Hashem Pesaran & L. Vanessa Smith & Ron P. Smith - 891 House prices and the stance of monetary policy
by Marek Jarocinski & Frank Smets - 890 Globalisation, domestic inflation and global output gaps - evidence from the euro area
by Alessandro Calza - 889 Credit and the natural rate of interest
by Fiorella De Fiore & Oreste Tristani - 888 Credit and the natural rate of interest
by Charles Goodhart & Boris Hofmann - 887 Labor supply after transition. Evidence from the Czech Republic
by Alena Bicáková & Jiri Slacalek & Michal Slavík - 886 International evidence on sticky consumption growth
by Christopher D. Carroll & Jiri Slacalek & Martin Sommer - 885 Impact of bank competition on the interest rate pass-through in the euro area
by Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel - 884 A quantitative perspective on optimal monetary policy cooperation between the US and the euro area
by Frank Smets & Matthieu Darracq Pariès & Stéphane Adjemian - 883 Assessing the benefits of international portfolio diversification in bonds and stocks
by Roberto A. De Santis & Lucio Sarno - 882 Forecasting world trade. Direct versus "bottom-up" approaches
by Stéphane Dées & Matthias Burgert - 881 Imperfect predictability and mutual fund dynamics. How managers use predictors in changing systematic risk
by Gianni Amisano & Roberto Savona - 880 On policy interactions among nations. When do cooperation and commitment matter?
by Hubert Kempf & Leopold von Thadden - 879 Government risk premiums in the bond market. EMU and Canada
by Ludger Schuknecht & Jürgen von Hagen & Guido Wolswijk - 878 Nominal and real interest rates during an optimal disinflation in New Keynesian models
by Marcus Hagedorn - 877 What are the effects of fiscal shocks? A VAR-based comparative analysis
by Dario Caldara & Christophe Kamps - 876 Are sectoral stock prices useful for predicting euro area GDP?
by Magnus Andersson & Antonello D’Agostino - 875 Global Macro-Financial Shocks and expected default frequencies in the Euro area
by Olli Castrén & Stéphane Dées & Fadi Zaher - 874 How Arbitrage-free is the Nelson-Siegel Model?
by Laura Coroneo & Ken Nyholm & Rositsa Vidova-Koleva - 873 The Feldstein-Horioka fact
by Domenico Giannone & Michele Lenza - 872 Why do Europeans work part-time? A cross-country Panel Analysis
by Hielke Buddelmeyer & Gilles Mourre & Melanie Ward - 871 The impact of capital flows on domestic investment in transition economies
by Elitza Mileva - 870 Risk Management in Action. Robust monetary policy rules under structured uncertainty
by Paul Levine & Peter McAdam & Joseph Pearlman & Richard Pierse - 869 The reserve fulfilment path of euro area commercial banks - empirical testing using panel data
by Nuno Cassola - 868 Purdah - on the rationale for central bank silence around policy meetings
by Michael Ehrmann & Marcel Fratzscher - 867 Do monetary indicators lead euro area inflation?
by Boris Hofmann - 866 VAR analysis and the Great Moderation
by Luca Benati & Paolo Surico - 865 Explaining the Great Moderation - it is not the shocks
by Domenico Giannone & Michele Lenza & Lucrezia Reichlin - 864 Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects
by António Afonso & Miguel St. Aubyn - 863 Population ageing and public pension reforms in a small open economy
by Christiane Nickel & Philipp Rother & Angeliki Theophilopoulou - 862 Stock market volatility and learning
by Klaus Adam & Albert Marcet & Juan Pablo Nicolini - 861 Income distribution determinants and public spending efficiency
by António Afonso & Ludger Schuknecht & Vito Tanzi - 860 Oil shocks and endogenous markups - results from an estimated euro area DSGE model
by Marcelo Sánchez - 859 Assessing the compensation for volatility risk implicit in interest rate derivatives
by Fabio Fornari - 858 International transmission and monetary policy cooperation
by Günter Coenen & Giovanni Lombardo & Frank Smets & Roland Straub - 857 Housing and equity wealth effects of Italian households
by Charles Grant & Tuomas A. Peltonen - 856 Markups in the euro area and the US over the period 1981-2004 - a comparison of 50 sectors
by Rebekka Christopoulou & Philip Vermeulen - 855 Assessing the factors behind oil price changes
by Stéphane Dées & Audrey Gasteuil & Robert K. Kaufmann & Michael Mann - 854 How do firms adjust their wage bill in Belgium? A decomposition along the intensive and extensive margins
by Catherine Fuss - 853 The cyclical behavior of equilibrium unemployment and vacancies revisited
by Marcus Hagedorn & Iourii Manovskii - 852 Determinants of economic growth - will data tell?
by Antonio Ciccone & Marek Jarocinski - 851 Investigating inflation persistence across monetary regimes
by Luca Benati - 850 Statistical tests and estimators of the rank of a matrix and their applications in econometric modelling
by Gonzalo Camba-Méndez & George Kapetanios - 849 Government size, composition, volatility and economic growth
by António Afonso & Davide Furceri - 848 Economic growth and budgetary components - a panel assessment for the EU
by António Afonso & Juan González Alegre
2007
- 847 Deeper, wider and more competitive? Monetary integration, eastern enlargement and competitiveness in the European Union
by Gianmarco Ottaviano & Daria Taglioni & Filippo di Mauro - 846 Information combination and forecast (st)ability. Evidence from vintages of time-series data
by Carlo Altavilla & Matteo Ciccarelli - 845 Run-prone banking and asset markets
by Marie Hoerova - 844 Business cycle synchronization and insurance mechanisms in the EU
by António Afonso & Davide Furceri - 843 Fiscal forecasting - lessons from the literature and challenges
by Teresa Leal & Javier J. Pérez & Mika Tujula & Jean-Pierre Vidal - 842 Saving behaviour and global imbalances - the role of emerging market economies
by Gianluigi Ferrucci & Cesar Miralles - 841 Should we take inside money seriously?
by Livio Stracca - 840 Downward wage rigidity for different workers and firms - an evaluation for Belgium using the IWFP procedure
by Philip Du Caju & Catherine Fuss & Ladislav Wintr - 839 Are there oil currencies? The real exchange rate of oil exporting countries
by Maurizio Michael Habib & Margarita Manolova Kalamova - 838 Securitisation and the bank lending channel
by Yener Altunbas & Leonardo Gambacorta & David Marqués - 837 Monetary policy and core inflation
by Michele Lenza - 836 Reporting biases and survey results - evidence from European professional forecasters
by Juan Angel García & Andrés Manzanares - 835 US shocks and global exchange rate configurations
by Marcel Fratzscher - 834 International frictions and optimal monetary policy cooperation - analytical solutions
by Matthieu Darracq Pariès - 833 Explaining and forecasting euro area exports - which competitiveness indicator performs best?
by Michele Ca’ Zorzi & Bernd Schnatz - 832 The yield curve and macroeconomic dynamics
by Peter Hördahl & Oreste Tristani & David Vestin - 831 Hierarchical Markov normal mixture models with applications to financial asset returns
by John Geweke & Gianni Amisano - 830 The term structure of euro area break-even inflation rates - the impact of seasonality
by Jacob Ejsing & Juan Angel García & Thomas Werner - 829 Modelling inflation in China - a regional perspective
by Aaron Mehrotra & Tuomas Peltonen & Alvaro Santos Rivera - 828 Potential output growth in several industrialised countries: a comparison
by Christophe Cahn & Arthur Saint-Guilhem - 827 How is real convergence driving nominal convergence in the new EU Member States?
by Sarah M. Lein-Rupprecht & Miguel A. León-Ledesma & Carolin Nerlich - 826 Risk sharing, finance and institutions in international portfolios
by Marcel Fratzscher & Jean Imbs - 825 What can probability forecasts tell us about inflation risks?
by Juan Angel Garcia & Andres Manzanares - 824 Evolving U.S. monetary policy and the decline of inflation predictability
by Luca Benati & Paolo Surico - 823 Modelling Ireland’s exchange rates: from EMS to EMU
by Edward J. O'Brien & Derek Bond & Michael J. Harrison - 822 Exchange rate pass-through to trade prices - the role of non-linearities and asymmetries
by Matthieu Bussiere - 821 Social value of public information - testing the limits to transparency
by Michael Ehrmann & Marcel Fratzscher - 820 What do we really know about fiscal sustainability in the EU? A panel data diagonostic
by Antonio Afonso & Christophe Rault - 819 Proximity and linkages among coalition participants: a new voting power measure applied to the International Monetary Fund
by Julien Reynaud & Christian Thimann & Lukasz Gatarek - 818 Is Time ripe for price level path stability?
by Vitor Gaspar & Frank Smets & David Vestin - 817 Convergence and anchoring of yield curves in the euro area
by Michael Ehrmann & Marcel Fratzscher & Refet S. Gürkaynak & Eric T. Swanson - 816 The role of credit aggregates and asset prices in the transmission mechanism: a comparison between the euro area and the US
by Sylvia Kaufmann & Maria Teresa Valderrama - 815 Do international portfolio investors follow firms’ foreign investment decisions?
by Roberto A. De Santis & Paul Ehling - 814 Choice of currency in bond issuance and the international role of currencies
by Nikolaus Siegfried & Emilia Simeonova & Cristina Vespro - 813 The role of the exchange rate for adjustment in Boom and Bust episodes
by Reiner Martin & Ludger Schuknecht & Isabel Vansteenkiste - 812 The uncovered return parity condition
by Lorenzo Cappiello & Roberto A. De Santis - 811 Instability and nonlinearity in the Euro area Phillips curve
by Alberto Musso & Livio Stracca & Dick van Dijk - 810 Inflation persistence - euro area and new EU Member States
by Michal Franta & Branislav Saxa & Katerina Smidkova - 809 Is the New Keynesian Phillips curve flat?
by Keith Kuester & Gernot J. Müller & Sarah Stölting - 808 Model misspecification, the equilibrium natural interest rate and the equity premium
by Oreste Tristani - 807 Cross-border lending contagion in multinational banks
by Alexis Derviz & Jirí Podpiera - 806 State-dependency and firm-level optimization - a contribution to Calvo price staggering
by Peter McAdam & Alpo Willman - 805 The pricing of risk in European credit and corporate bond markets
by Antje Berndt & Iulian Obreja - 804 Growth accounting for the Euro area - a structural approach
by Tommaso Proietti & Alberto Musso - 803 Optimal monetary policy in an estimated DSGE for the euro area
by Matthieu Darracq Pariès & Stéphane Adjemian & Stéphane Moyen - 802 Investigating time-variation in the marginal predictive power of the yield spread
by Luca Benati & Charles Goodhart - 801 Uncovered interest oparity at distant horizons - evidence on emerging economies & nonlinearities
by Arnaud Mehl & Lorenzo Cappiello - 800 Is the corporate bond market forward looking?
by Jens Hilscher - 799 Monetary policy shocks in a two-sector open economy - an empirical study
by Ricardo Llaudes - 798 The transmission of US cyclical developments to the rest of the world
by Stéphane Dées & Isabel Vansteenkiste - 797 Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output
by Luca Benati & Giovanni Vitale - 796 The impact exchange rate shocks on sectoral activity and prices in the euro area
by Elke Hahn - 795 Assessing the impact of a change in the composition of public spending - a DSGE approach
by Roland Straub & Ivan Tchakarov - 794 (Un)naturally low? Sequential Monte Carlo tracking of the US natural interest rate
by Marco J. Lombardi & Silvia Sgherri - 793 Structural econometric approach to bidding in the main refinancing operations of the Eurosystem
by Nuno Cassola & Christian Ewerhart & Claudio Morana - 792 Euro area market reactions to the monetary developments press release
by Jerome Coffinet & Sylvain Gouteron - 791 Inquiries on dynamics of transition economy convergence in a two-country model
by Jan Bruha & Jiri Podpiera - 790 Asset prices, exchange rates and the current account
by Marcel Fratzscher & Luciana Juvenal & Lucio Sarno - 789 Modeling the impact of external factors on the euro area’s HICP and real economy - a focus on pass-through and the trade balance
by Luigi Landolfo - 788 Evaluating the real effect of bank branching deregulation - comparing contiguous counties across U.S. state borders
by Rocco R. Huang - 787 Finance and growth - a macroeconomic assessment of the evidence from a European angle
by Elias Papaioannou - 786 The economic impact of merger control - what is special about banking?
by Elena Carletti & Philipp Hartmann & Steven Ongena - 785 Aggregating Phillips curves
by Jean Imbs & Eric Jondeau & Florian Pelgrin - 784 Understanding the dynamics of labor shares and inflation
by Martina Lawless & Karl Whelan - 783 The cyclicality of effective wages within employer-employee matches - evidence from German panel data
by Silke Anger - 782 Panel data estimates of the production function and product and labor market imperfections
by Sabien Dobbelaere & Jacques Mairesse - 781 Wage inequality in Spain - recent developments
by Mario Izquierdo & Aitor Lacuesta - 780 Dynamics and monetary policy in a fair wage model of the business cycle
by David de la Croix & Gregory de Walque & Rafael Wouters - 779 On-the-job search and the cyclical dynamics of the labor market
by Michael U. Krause & Thomas A. Lubik - 778 Employment protection legislation and wages
by Marco Leonardi & Giovanni Pica - 777 Downward nominal wage rigidity in the OECD
by Steinar Holden & Fredrik Wulfsberg - 776 Insights gained from conversations with labor market decision makers
by Truman F. Bewley - 775 The dynamic behaviour of budget components and output
by Antonio Afonso & Peter Claeys - 774 Shocks, structures or monetary policies? The euro area and US after 2001
by Lawrence Christiano & Roberto Motto & Massimo Rostagno - 773 Exchange rate volatility and growth in small open economies at the EMU periphery
by Gunther Schnabl - 772 Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level?
by Philip Vermeulen - 771 Policy rate decisions and unbiased parameter estimation in typical monetary policy rules
by Jiri Podpiera - 770 Welfare implications of Calvo vs. Rotemberg pricing assumptions
by Giovanni Lombardo & David Vestin - 769 The ‘Great Moderation’ in the United Kingdom
by Luca Benati - 768 A new approach to measuring competition in the loan markets of the euro area
by Michiel van Leuvensteijn & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel & Christoffer Kok Sørensen - 767 Explaining monetary policy in press conferences
by Michael Ehrmann & Marcel Fratzscher - 766 How and when do markets tip? Lessons from the Battle of the Bund
by Estelle Cantillon & Pai-Ling Yin - 765 Sequential optimization, front-loaded information, and U.S. consumption
by Alpo Willman - 764 Robust monetary policy with imperfect knowledge
by Athanasios Orphanides & John C. Williams - 763 Short- and long-run tax elasticities - the case of the Netherlands
by Guido Wolswijk - 762 Patterns of current account adjustment - insights from past experience
by Bernardina Algieri & Thierry Bracke - 761 External imbalances and the US current account - how supply-side changes affect an exchange rate adjustment
by Philipp Engler & Michael Fidora & Christian Thimann - 760 Modelling intra- and extra-area trade substitution and exchange rate pass-through in the euro area
by Alistair Dieppe & Thomas Warmedinger - 759 Linear-quadratic approximation, external habit and targeting rules
by Paul Levine & Joseph Pearlman & Richard Pierse - 758 Red tape and delayed entry
by Antonio Ciccone & Elias Papaioannou - 757 The cyclicality of consumption, wages and employment of the public sector in the euro area
by Ana Lamo & Javier J. Pérez & Ludger Schuknecht - 756 Maintaining low inflation: money, interest rates, and policy stance
by Samuel Reynard - 755 Durable goods and their effect on household saving rations in the euro area
by Jukka Jalava & Ilja Kristian Kavonius - 754 Euro area inflation persistence in an estimated nonlinear DSGE model
by Gianni Amisano & Oreste Tristani - 753 Trade credit defaults and liquidity provision by firms
by Frederic Boissay & Reint Gropp - 752 Econometric analyses with backdated data - unified Germany and the euro area
by Elena Angelini & Massimiliano Marcellino - 751 A look into the factor model black box - publication lags and the role of hard and soft data in forecasting GDP
by Marta Banbura & Gerhard Rünstler - 750 Long run macroeconomic relations in the global economy
by Stephane Dees & Sean Holly & M. Hashem Pesaran & L. Vanessa Smith - 749 Excess money growth and inflation dynamics
by Barbara Roffia & Andrea Zaghini - 748 Financial dollarization - the role of banks and interest rates
by Henrique S. Basso & Oscar Calvo-Gonzalez & Marius Jurgilas - 747 Tax reform and labour-market performance in the euro area - a simulation-based analysis using the New Area-Wide Model
by Günter Coenen & Peter McAdam & Roland Straub - 746 U.S. evolving macroeconomic dynamics - a structural investigation
by Luca Benati & Haroon Mumtaz - 745 Market discipline, financial integration and fiscal rules - what drives spreads in the euro area government bond market?
by Simone Manganelli & Guido Wolswijk - 744 International financial linkages of Latin American banks - the effects of political risk and deposit dollarisation
by Francisco Ramon-Ballester & Torsten Wezel - 743 Credit market and macroeconomic volatility
by Caterina Mendicino - 742 The Eurosystem, the US Federal Reserve and the Bank of Japan - similarities and differences
by Dieter Gerdesmeier & Francesco Paolo Mongelli & Barbara Roffia - 741 Sectoral money demand models for the euro area based on a common set of determinants
by Julian von Landesberger - 740 Transition economy convergence in a two-country model - implications for monetary integration
by Jan Bruha & Jirí Podpiera - 739 Exchange rate pass-through in emerging markets
by Michele Ca’ Zorzi & Elke Hahn & Marcelo Sánchez - 738 Commodity prices, money and inflation
by Frank Browne & David Cronin - 737 Structural balances and revenue windfalls - the role of asset prices revisited
by Richard Morris & Ludger Schuknecht - 736 Transaction costs and informational cascades in financial markets - theory and experimental evidence
by Marco Cipriani & Antonio Guarino - 735 Market based compensation, price informativeness and short-term trading
by Riccardo Calcagno & Florian Heider - 734 Mortage interest rate dispersion in the euro area
by Peter Hördahl & Oreste Tristani - 733 Mortage interest rate dispersion in the euro area
by Christoffer Kok Sørensen & Jung-Duk Lichtenberger - 732 Liquidity shocks and asset price boom/bust cycles
by Ramón Adalid & Carsten Detken - 731 International trade, technological shocks and spillovers in the labour market; A GVAR analysis of the US manufacturing sector
by Paul Hiebert & Isabel Vansteenkiste - 730 What drives business cycles and international trade in emerging market economies?
by Marcelo Sánchez - 729 Fast micro und slow macro: can aggregation explain the persistence of inflation?
by Filippo Altissimo & Benoît Mojon & Paolo Zaffaroni - 728 Price changes in Finland: some evidence from micro CPI data
by Samu Kurri - 727 Price setting in the euro area: some stylised facts from individual producer price data
by Erwan Gautier & Ignacio Hernando & Philip Vermeulen & Daniel Dias & Maarten Dossche & Roberto Sabbatini & Harald Stahl - 726 Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions
by Magnus Andersson - 725 Inflation forecasts, monetary policy and unemployment dynamics: evidence from the US and the euro area
by Matteo Ciccarelli & Carlo Altavilla - 724 The transmission of emerging market shocks to global equity markets
by Lucia Cuadro Sáez & Marcel Fratzscher & Christian Thimann - 723 Asset allocation by penalized least squares
by Simone Manganelli - 722 Shocks and frictions in US business cycles: a Bayesian DSGE approach
by Frank Smets & Rafael Wouters - 721 Are survey-based inflation expectations in the euro area informative
by Ricardo Mestre - 720 Real price and wage rigidities in a model with mataching frictions
by Keith Kuester - 719 US imbalances: the role of technology and policy
by Rudolfs Bems & Luca Dedola & Frank Smets - 718 Drift and breaks in labor productivity
by Luca Benati - 717 Discretion rather than rules? When is discretionary policy-making better than the timeless perspective?
by Stephan Sauer - 716 Adjusting to the euro
by Gabriel Fagan & Vítor Gaspar - 715 Emerging Asia’s growth and integration - how autonomous are business cycles?
by Rasmus Rüffer & Marcelo Sánchez & Jian-Guang Shen - 714 The dynamics of bank spreads and financial structure
by Reint Gropp & Christoffer Kok Sørensen & Jung-Duk Lichtenberger - 713 Balance of payment crises in emerging markets - how early were the “early” warning signals?
by Matthieu Bussière - 712 Opening the black box - structural factor models with large gross-sections
by Mario Forni & Domenico Giannone & Marco Lippi & Lucrezia Reichlin - 711 What “hides” behind sovereign debt ratings?
by António Afonso & Pedro Gomes & Philipp Rother - 710 Pricing of settlement link services and mergers of central securities depositories
by Jens Tapking - 709 Quantifying and sustaining welfare gains from monetary commitment
by Paul Levine & Peter McAdam & Joseph Pearlman - 708 Regional housing market spillovers in the US - lessons from regional divergences in a common monetary policy setting
by Isabel Vansteenkiste - 707 Ramsey monetary policy with labour market frictions
by Ester Faia
2006
- 706 What drives investors’ behaviour in different FX market segments? A VAR-based return decomposition analysis
by Olli Castrén & Chiara Osbat & Matthias Sydow