Oesterreichische Nationalbank (Austrian Central Bank)

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Postal: Oesterreichische Nationalbank, Economic Studies Division, c/o Beate Hofbauer-Berlakovich, POB 61, A-1011 Vienna, Austria
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For technical questions regarding this series, please contact (Markus Knell and Helmut Stix)
Series handle: repec:onb:oenbwp

• 156 Financial Networks, Cross Holdings, and Limited Liability
  by Helmut Elsinger [Downloadable!]
• 155 Systemic Risk: Amplification Effects, Externalities, and Policy Responses
  by Anton Korinek [Downloadable!]
• 154 Country Size, Currency Unions, and International Asset Returns
  by Tarek A. Hassan [Downloadable!]
• 153 The Impact of Reference Norms on Inflation Persistence When Wages are Staggered
  by Markus Knell & Alfred Stiglbauer [Downloadable!]
• 152 Are Banks Different? Evidence from the CDS Market
  by Burkhard Raunig & Martin Scheicher [Downloadable!]
• 151 Why did we fail to predict GDP during the last cycle? A breakdown of forecast errors for Austria
  by Martin Schneider & Christian Ragacs [Downloadable!]
• 150 How to find plausible, severe, and useful stress scenarios
  by Thomas Breuer & Martin Jandacka & Klaus Rheinberger & Martin Summer [Downloadable!]
• 149 Expected Monetary Policy and the Dynamics of Bank Lending Rates
  by Claudia Kwapil & Johann Scharler [Downloadable!]

• 148 Comparing the New Keynesian Phillips Curve with Time Series Models to Forecast Inflation
  by Fabio Rumler & Maria Teresa Valderrama [Downloadable!]
• 147 Inequality and growth: Goal conflict or necessary prerequisite?
  by Cecilia García-Peñalosa [Downloadable!]
• 146 The Optimal Mix Between Funded and Unfunded Pensions Systems When People Care About Relative Consumption
  by Markus Knell [Downloadable!]
• 145 Transmission of business cycle shocks between the US and the euro area
  by Martin Schneider & Gerhard Fenz [Downloadable!]
• 144 Dating and forecasting turning points by Bayesian clustering with dynamic structure: A suggestion with an application to Austrian data
  by Sylvia Kaufmann [Downloadable!]
• 143 Risk-Premia, Carry-Trade Dynamics, and Speculative Efficiency of Currency Markets
  by Christian Wagner [Downloadable!]
• 142 Testing the tax competition theory: How elastic are national tax bases in Western Europe?
  by Aleksandra Riedl & Silvia Rocha-Akis [Downloadable!]
• 141 The Real Consequences of Financial Market Integration when Countries Are Heterogeneous
  by Kerstin Gerling [Downloadable!]
• 140 Euroization: What Factors drive its Persistence? Household Data Evidence for Croatia, Slovenia and Slovakia
  by Helmut Stix [Downloadable!]
• 139 Mr. Wicksell and the global economy: What drives real interest rates?
  by Michal Brzoza-Brzezina & Jesus Crespo Cuaresma [Downloadable!]

• 138 Real Convergence, Price Level Convergence and Inflation Differentials in Europe
  by Balázs Égert [Downloadable!]
• 137 Transmission of business cycle shocks between unequal neighbours: Germany and Austria
  by Gerhard Fenz & Martin Schneider [Downloadable!]
• 136 The Relative Importance of Symmetric and Asymmetric Shocks: the Case of United Kingdom and Euro Area
  by Gert Peersman [Downloadable!]
• 135 Has the EU’s Single Market Programme fostered competition? Testing for a decrease in markup ratios in EU industries
  by Harald Badinger [Downloadable!]

• 134 Central Bank Interventions, Communication and Interest Rate Policy in Emerging European Economies
  by Balázs Égert [Downloadable!]
• 133 A Deliberative Independent Central Bank
  by Erwin Jericha & Martin Schürz [Downloadable!]
• 132 AQM-06: The Macroeconomic Model of the OeNB
  by Martin Schneider & Markus Leibrecht [Downloadable!]
• 131 Expected Money Growth, Markov Trends and the Instability of Money Demand in the Euro Area
  by Sylvia Kaufmann & Peter Kugler [Downloadable!]
• 130 A Worldwide System of Reference Rates
  by John Williamson [Downloadable!]
• 129 Are Monetary Rules and Reforms Complements or Substitutes? A Panel Analysis for the World versus OECD Countries
  by Ansgar Belke & Bernhard Herz & Lukas Vogel [Downloadable!]
• 128 Three Lectures on Monetary Theory and Policy: Speaking Notes and Background Papers
  by David Laidler [Downloadable!]
• 127 Proposal for a Common Currency among Rich Democracies (Paper 1); One World Money, Then and Now (Paper 2)
  by Richard N. Cooper (Paper 1) & Michael Bordo (Paper 2) & Harold James (Paper 2) [Downloadable!]
• 126 Monetary Union, External Shocks and Economic Performance: A Latin American Perspective
  by Sebastian Edwards [Downloadable!]
• 125 Regional Currency Arrangements: Insights from Europe
  by Josef Christl [Downloadable!]
• 124 Responses to Monetary Policy Shocks in the East and the West of Europe: A Comparison
  by Marek Jarocinski [Downloadable!]
• 123 The Mystique of Central Bank Speak
  by Petra Geraats [Downloadable!]
• 122 Exchange-Rate Arrangements and Financial Integration in East Asia: On a Collision Course?
  by Hans Genberg [Downloadable!]
• 121 Regional Currency Arrangements in North America
  by Sven Arndt [Downloadable!]
• 120 Europe’s Hard Fix: The Euro Area
  by Otmar Issing [Downloadable!]
• 119 An Unobserved Components Model to forecast Austrian GDP
  by Gerhard Fenz & Martin Spitzer [Downloadable!]
• 118 Interest Rate Pass-Through, Monetary Policy Rules and Macroeconomic Stability
  by Claudia Kwapil & Johann Scharler [Downloadable!]
• 117 Do Bank-Based Financial Systems Reduce Macroeconomic Volatility by Smoothing Interest Rates?
  by Johann Scharler [Downloadable!]
• 116 Financial Systems and the Cost Channel Transmission of Monetary Policy Shocks
  by Sylvia Kaufmann & Johann Scharler [Downloadable!]
• 115 The London Stock Exchange in the 19th Century: Ownership Structures, Growth and Performance
  by Larry Neal [Downloadable!]
• 114 The Determinants of Multinational Banking during the First Globalization, 1870-1914
  by Stefano Battilossi [Downloadable!]
• 113 Lessons from Italian Monetary Unification
  by James Foreman-Peck [Downloadable!]
• 112 Did Genoa and Venice Kick a Financial Revolution in the Quattrocento?
  by Michele Fratianni & Franco Spinelli [Downloadable!]
• 111 European Financial Market Integration in the Gruenderboom and Gruenderkrach: Evidence from European Cross-Listings
  by Markus Baltzer [Downloadable!]
• 110 Does Diversification Improve the Performance of German Banks? Evidence from Individual Bank Loan Portfolios
  by Evelyn Hayden & Daniel Porath & Natalja von Westernhagen [Downloadable!]
• 109 Bankruptcy Law, Creditors’ Rights and Contractual Exchange in Europe, 1808-1914
  by Jérôme Sgard [Downloadable!]
• 108 European Banks and their Impact on the Banking Industry in Chile and Brazil: 1862 - 1913
  by Ignacio Briones & André Villela [Downloadable!]
• 107 Legal-Political Factors and the Historical Evolution of the Finance-Growth Link
  by Michael D. Bordo & Peter L. Rousseau [Downloadable!]

• 106 Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
  by Balázs Égert & László Halpern & Ronald MacDonald [Downloadable!]
• 105 Trade Integration of Central and Eastern European Countries: Lessons from a Gravity Model
  by Matthieu Bussière & Jarko Fidrmuc & Bernd Schnatz [Downloadable!]
• 104 AQM. The Austrian Quarterly Model of the Oesterreichische Nationalbank
  by Gerhard Fenz & Martin Spitzer [Downloadable!]
• 103 Does Money Matter for Inflation in the Euro Area?
  by Peter Kugler & Sylvia Kaufmann [Downloadable!]
• 102 Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries
  by Fabio Rumler [Downloadable!]
• 101 How Frequently Do Consumer Prices Change in Austria? Evidence from Micro CPI Data
  by Josef Baumgartner & Ernst Glatzer & Fabio Rumler & Alfred Stiglbauer [Downloadable!]
• 100 The Price-Setting Behavior of Austrian Firms: Some Survey Evidence
  by Claudia Kwapil & Josef Baumgartner & Johann Scharler [Downloadable!]
• 99 The Effect of Capital Requirement Regulation on the Transmission of Monetary Policy: Evidence from Austria
  by Philipp Engler & Terhi Jokipii & Christian Merkl & Pablo Rovira Kaltwasser & Lúcio Vinhas de Souza [Downloadable!]
• 98 The European Monetary Union as a Commitment Device for New EU Member States
  by Federico Ravenna [Downloadable!]
• 97 Financial Differences and Business Cycle Co-Movements in A Currency Area
  by Ester Faia [Downloadable!]
• 96 Managerial behavior and cost/profit efficiency in the banking sectors of Central and Eastern European countries
  by Stefania P.S. Rossi & Markus Schwaiger & Gerhard Winkler [Downloadable!]
• 95 On the Design of Sustainable and Fair PAYG Pension Systems When Cohort Sizes Change
  by Markus Knell [Downloadable!]

• 94 What Do German Short-Term Interest Rates Tell Us About Future Inflation?
  by Harald Grech [Downloadable!]
• 93 Understanding the Stock Market's Response to Monetary Policy Shocks
  by Johann Scharler [Downloadable!]
• 92 Exchange Rate Regimes Past, Present and Future
  by Michael D. Bordo & Josef Christl & Christian Just & Harold James [Downloadable!]
• 91 Forecasting Austrian Inflation
  by Gabriel Moser & Fabio Rumler & Johann Scharler [Downloadable!]
• 90 Modeling Credit Aggregates
  by Sylvia Kaufmann & Maria Teresa Valderrama [Downloadable!]
• 89 Forecasting Austrian GDP using the generalized dynamic factor model
  by Martin Schneider & Martin Spitzer [Downloadable!]
• 88 Three Decades of Money Demand Studies. Some Differences and Remarkable Similarities
  by Markus Knell & Helmut Stix [Downloadable!]
• 87 Bank Capital, Liquidity and Systemic Risk
  by Martin Summer & Juergen Eichberger [Downloadable!]

• 86 Testing for Longer Horizon Predictability of Return Volatility with an Application to the German DAX
  by Burkhard Raunig [Downloadable!]
• 85 Investigating asymmetries in the bank lending channel. An analysis using Austrian banks’ balance sheet data
  by Sylvia Kaufmann & Sylvia Fruehwirth-Schnatter [Downloadable!]
• 84 Searching for the Natural Rate of Interest: A Euro-Area Perspective
  by Jesus Crespo Cuaresma & Ernest Gnan & Doris Ritzberger-Gruenwald [Downloadable!]
• 83 The business cycle of European countries. Bayesian clustering of country-individual IP growth series
  by Sylvia Kaufmann [Downloadable!]
• 82 How Do Debit Cards Affect Cash Demand? Survey Data Evidence
  by Helmut Stix [Downloadable!]
• 81 How Robust are Money Demand Estimations? A Meta-Analytic Approach
  by Markus Knell & Helmut Stix [Downloadable!]

• 80 Does Central Bank Intervention Influence the Probability of a Speculative Attack? Evidence from the EMS
  by Helmut Stix [Downloadable!]
• 79 Risk Assessment for Banking Systems
  by Martin Summer & Helmut Elsinger & Alfred Lehar [Downloadable!]
• 78 Job Creation and Job Destruction in a Regulated Labor Market: The Case of Austria
  by Alfred Stiglbauer & Florian Stahl & Rudolf Winter-Ebmer & Josef Zweimüller [Downloadable!]
• 77 Why Did Central Banks Intervene in the EMS? The Post 1993 Experience
  by Peter Brandner & Harald Grech [Downloadable!]
• 76 The Potential Consequences of Alternative Exchange Rate Regimes: A Study of Three Candidate Regions*Monetary Union: European Lessons, Latin American Prospects
  by Eduard Hochreiter & Anton Korinek & Pierre L. Siklos [Downloadable!]
• 75 Central European EU Accession and Latin American Integration: Mutual Lessons in Macroeconomic Policy Design
  by George Kopits [Downloadable!]
• 74 The Great Exchange Rate Debate after Argentina
  by Sebastian Edwards [Downloadable!]
• 73 Forecasting Austrian HICP and its Components using VAR and ARIMA Models
  by Friedrich Fritzer & Gabriel Moser & Johann Scharler [Downloadable!]
• 72 Monetary Integration in the Southern Cone: Mercosur Is Not Like the EU?
  by Ansgar Belke & Daniel Gros [Downloadable!]
• 71 EMU and Accession Countries: Fuzzy Cluster Analysis of Membership
  by Dimitri Boreiko [Downloadable!]
• 70 Fiscal and Monetary Policy Coordination in EMU
  by Jürgen von Hagen & Susanne Mundschenk [Downloadable!]
• 69 Reflections on the Optimal Currency Area (OCA) criteria in the light of EMU
  by Michael J. Artis [Downloadable!]
• 68 Monetary Union: European Lessons, Latin American Prospects
  by Eduard Hochreiter & Klaus Schmidt-Hebbel & Georg Winckler [Downloadable!]
• 67 An Evaluation of Monetary Regime Options for Latin America
  by Andrew Berg & Eduardo Borensztein, & Paolo Mauro [Downloadable!]
• 66 Growth, integration, and macroeconomic policy design: Some lessons for Latin America
  by David Begg [Downloadable!]
• 65 Dollarization and Economic Performance: What Do We Really Know?
  by Sebastian Edwards & I. Igal Magendzo [Downloadable!]
• 64 The Federal Design of a Central Bank in a Monetary Union: The Case of the European System of Central Banks
  by Sylvester C.W. Eijffinger [Downloadable!]
• 63 Wage Formation in Open Economies and the Role of Monetary and Wage-Setting Institutions
  by Markus Knell [Downloadable!]
• 62 Growth, Convergence and EU Membership
  by Jesús Crespo-Cuaresma & Maria Antoinette Dimitz & Doris Ritzberger-Grünwald [Downloadable!]
• 61 Price Dynamics in Central and Eastern European EU Accession Countries
  by Peter Backé & Jarko Fidrmuc & Thomas Reininger & Franz Schardax [Downloadable!]
• 60 The Empirical Performance of Option Based Densities of Foreign Exchange
  by Ben R. Craig & Joachim G. Keller [Downloadable!]
• 59 Evaluating Density Forecasts with an Application to Stock Market Returns
  by Gabriela de Raaij & Burkhard Raunig [Downloadable!]
• 58 Credit Channel and Investment Behavior in Austria: A micro-econometric approach
  by Maria Valderrama [Downloadable!]
• 57 Banking Regulation and Systemic Risk
  by Martin Summer [Downloadable!]
• 56 Asymmetries in Bank Lending Behaviour. Austria During the 1990s
  by Sylvia Kaufmann [Downloadable!]

• 55 The Effectiveness of Central Bank Intervention in the EMS: The Post 1993 Experience
  by Peter Brandner & Harald Grech & Helmut Stix [Downloadable!]
• 54 New International Monetary Arrangements and the Exchange Rate
  by Tommaso Monacelli [Downloadable!]
• 53 Why Is the Business-Cycle Behavior of Fundamentals Alike Across Exchange-Rate Regimes?
  by Luca Dedola & Sylvain Leduc [Downloadable!]
• 52 Beyond Bipolar: A Three-Dimensional Assessment of Monetary Frameworks
  by Kenneth N. Kuttner & Adam S. Posen [Downloadable!]
• 51 Assessing Inflation Targeting after a Decade of World Experience
  by Vittorio Corbo & Oscar Landerretche & Klaus Schmidt-Hebbel [Downloadable!]
• 50 Macroeconomic Fundamentals and the DM/$ Exchange Rate: Temporal Instability and the Monetary Model
  by Michael D. Goldberg & Roman Frydman [Downloadable!]
• 49 Arbitrage and Optimal Portfolio Choice with Financial Constraints
  by Helmut Elsinger & Martin Summer [Downloadable!]
• 48 A Regulatory Regime for Financial Stability
  by David T. Llewellyn [Downloadable!]
• 47 The ECB Monetary Policy Strategy and the Money Market
  by Vítor Gaspar & Gabriel Perez-Quiros & Jorge Sicilia [Downloadable!]
• 46 Exchange Rates, Prices and Money. A Long Run Perspective
  by Paul De Grauwe & Marianna Grimaldi [Downloadable!]
• 45 Is There an Asymmetric Effect of Monetary Policy over Time? A Bayesian Analysis
  by Sylvia Kaufmann [Downloadable!]
• 44 The Euro Area and the Single Monetary Policy
  by Otmar Issing [Downloadable!]
• 43 The Bank, the States, and the Market: An Austro-Hungarian Tale for Euroland, 1867-1914
  by Marc Flandreau [Downloadable!]

• 42 Integration, Disintegration and Trade in Europe: Evolution of Trade Relations During the 1990s
  by Jarko Fidrmuc & Jan Fidrmuc [Downloadable!]
• 41 Is there a Credit Channel in Austria? The Impact of Monetary Policy on Firms' Investment Decisions
  by Katrin Wesche [Downloadable!]
• 40 Central Banks in European Emerging Market Economies in the 1990s
  by Eduard Hochreiter & Tadeusz Kowalski [Downloadable!]

• 39 Democracy and Markets: The Case of Exchange Rates
  by John R. Freeman & Jude C. Hays & Helmut Stix [Downloadable!]
• 38 On the real effects of monetary policy: a central banker's view
  by Jose Vinals & Javier Valles [Downloadable!]
• 37 Estimation of the Term Structure of Interest Rates; A Parametric Approach
  by Alois Geyer & Richard Mader [Downloadable!]

• 36 Heterogeneities within Industries and Structure-Performance Models
  by Dennis Mueller & Burkhard Raunig [Downloadable!]
• 35 Room for Manoeuvre of Economic Policy in EU-Countries are there costs of joining EMU?
  by Helene Schuberth [Downloadable!]
• 34 The impact of EMU on European unemployment
  by Jose Vinals & Juan F. Jimeno [Downloadable!]
• 33 Core Inflation in Selected European Union Countries
  by Christine Gartner & Gert Wehinger [Downloadable!]
• 32 Price Level Convergence among United States Cities: Lessons for the european central bank
  by Stephen Cecchetti & Nelson C. Mark & Robert Sonora [Downloadable!]
• 31 The usual suspects? Productivity and demand shocks and Asia-Pacific real exchange rates
  by Menzie David Chinn [Downloadable!]
• 30 The great appreciation, the great depreciation, and the purchasing power parity hypothesis
  by David Papell [Downloadable!]
• 29 Goods arbitrage and real exchange rate stationarity
  by Jose Campa & Holger Wolf [Downloadable!]
• 28 What do we really know about exchange rates?
  by Ronald Mac Donald [Downloadable!]
• 27 TRENDS IN EUROPEAN PRODUCTIVITY: Implications for Real Exchange Rates, Real Interest Rates and Inflation Differentials
  by Matthew Canzoneri & Robert Cumby & Behzad Diba & Gwen Eudey [Downloadable!]
• 26 Structural budget deficits and sustainability of fiscal positions in the european union
  by Peter Brandner & Leopold Diebalek & Helene Schuberth [Downloadable!]
• 25 Sources of currency crises: an empirical analysis
  by Axel A. Weber [Downloadable!]

• 24 Exchange Rates and Monetary Policy in Central Europe - a survey of some issues
  by Elmar B. Koch [Downloadable!]

• 23 Will asymetric shocks pose a serious problem in EMU?
  by Franz Pauer [Downloadable!]
• 22 Pessimism confounded? Economic recovery in Eastern Europe
  by Rutger Wissels [Downloadable!]

• 20 Monetary spill-over effects in the ERM: The case of Austria, a former shadow member
  by Hans Groeneveld [Downloadable!]
• 19 Austrian exchange rate policy and european monetary integration selected issues
  by Eduard Hochreiter [Downloadable!]

• 18 Interdependence of politics and economic development: financial stabilization in Russia
  by Jouko Rautava
• 17 Trade and Employment: Can we Afford Better Market Access for Eastern Europe?
  by Palle Andersen & Peter Dittus
• 16 A survey of the Austrian Capital Market
  by Richard Mader
• 15 Prospects for Growth in Eastern Europe
  by Eduard Hochreiter

• 14 Austria's Role as a Bridgehead Between East and West
  by Eduard Hochreiter
• 13 EMU and the International Monetary System, A Transatlantic Perspective
  by Robert Mundell
• 12 The Scope for Regional Autonomy in Russia
  by Guzel Anulova
• 11 The Impact of the Opening-up of the East on the Austrian Economy - A First Quantitative Assessment
  by Eduard Hochreiter

• 10 Signaling a Hard Currency Strategy: The Case of Austria
  by Eduard Hochreiter & Georg Winckler

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This page was last updated on 2009-6-29.