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Content
2008
- 853 The cyclical behavior of equilibrium unemployment and vacancies revisited
by Hagedorn, Marcus & Manovskii, Iourii
- 852 Determinants of economic growth: will data tell?
by Ciccone, Antonio & Jarociński, Marek
- 851 Investigating inflation persistence across monetary regimes
by Benati, Luca
- 850 Statistical tests and estimators of the rank of a matrix and their applications in econometric modelling
by Camba-Méndez, Gonzalo & Kapetanios, George
- 849 Government size, composition, volatility and economic growth
by Afonso, António & Furceri, Davide
- 848 Economic growth and budgetary components: a panel assessment for the EU
by Afonso, António & González Alegre, Juan
2007
- 847 Deeper, wider and more competitive? Monetary integration, Eastern enlargement and competitiveness in the European Union
by Ottaviano, Gianmarco I.P. & Taglioni, Daria & di Mauro, Filippo
- 846 Information combination and forecast (st)ability evidence from vintages of time-series data
by Ciccarelli, Matteo & Altavilla, Carlo
- 845 Run-prone banking and asset markets
by Hoerova, Marie
- 844 Business cycle synchronization and insurance mechanisms in the EU
by Afonso, António & Furceri, Davide
- 843 Fiscal forecasting: lessons from the literature and challenges
by Leal, Teresa & Pérez, Javier J. & Tujula, Mika & Vidal, Jean-Pierre
- 842 Saving behaviour and global imbalances: the role of emerging market economies
by Ferrucci, Gianluigi & Miralles, Cesar
- 841 Should we take inside money seriously?
by Stracca, Livio
- 840 Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure
by Fuss, Catherine & Wintr, Ladislav & Du Caju, Philip
- 839 Are there oil currencies? The real exchange rate of oil exporting countries
by Habib, Maurizio Michael & Kalamova, Margarita Manolova
- 838 Securitisation and the bank lending channel
by Altunbas, Yener & Gambacorta, Leonardo & Marqués-Ibáñez, David
- 837 Monetary policy and core inflation
by Lenza, Michele
- 836 Reporting biases and survey results: evidence from European professional forecasters
by Manzanares, Andrés & García, Juan Angel
- 835 US shocks and global exchange rate configurations
by Fratzscher, Marcel
- 834 International frictions and optimal monetary policy cooperation: analytical solutions
by Darracq Pariès, Matthieu
- 833 Explaining and forecasting euro area exports: which competitiveness indicator performs best?
by Ca' Zorzi, Michele & Schnatz, Bernd
- 832 The yield curve and macroeconomic dynamics
by Hördahl, Peter & Tristani, Oreste & Vestin, David
- 831 Hierarchical Markov normal mixture models with applications to financial asset returns
by Amisano, Gianni & Geweke, John
- 830 The term structure of euro area break-even inflation rates: the impact of seasonality
by Ejsing, Jacob & García, Juan Angel & Werner, Thomas
- 829 Modelling inflation in China - a regional perspective
by Mehrotra, Aaron N. & Peltonen, Tuomas A. & Santos Rivera, Alvaro
- 828 Potential output growth in several industrialised countries: a comparison
by Cahn, Christophe & Saint Guilhem, Arthur
- 827 How is real convergence driving nominal convergence in the new EU Member States?
by Lein-Rupprecht, Sarah M. & Nerlich, Carolin & León-Ledesma, Miguel A.
- 826 Risk sharing, finance and institutions in international portfolios
by Fratzscher, Marcel & Imbs, Jean
- 825 What can probability forecasts tell us about inflation risks?
by García, Juan Angel & Manzanares, Andrés
- 824 Evolving U.S. monetary policy and the decline of inflation predictability
by Surico, Paolo & Benati, Luca
- 823 Modelling Ireland’s exchange rates: from EMS to EMU
by Bond, Derek & Harrison, Michael J. & O’Brien, Edward
- 822 Exchange rate pass-through to trade prices: the role of non-linearities and asymmetries
by Bussière, Matthieu
- 821 Social value of public information: testing the limits to transparency
by Ehrmann, Michael & Fratzscher, Marcel
- 820 What do we really know about fiscal sustainability in the EU? A panel data diagnostic
by Afonso, António & Rault, Christophe
- 819 Proximity and linkages among coalition participants: a new voting power measure applied to the International Monetary Fund
by Thimann, Christian & Reynaud, Julien & Gatarek, Lukasz
- 818 Is time ripe for price level path stability?
by Smets, Frank & Vestin, David & Gaspar, Vítor
- 817 Convergence and anchoring of yield curves in the euro area
by Ehrmann, Michael & Fratzscher, Marcel & Swanson, Eric & Gürkaynak, Refet S.
- 816 The role of credit aggregates and asset prices in the transmission mechanism: a comparison between the euro area and the US
by Kaufmann, Sylvia & Valderrama, Maria Teresa
- 815 Do international portfolio investors follow firms' foreign investment decisions?
by De Santis, Roberto A. & Ehling, Paul
- 814 Choice of currency in bond issuance and the international role of currencies
by Siegfried, Nikolaus & Simeonova, Emilia & Vespro, Cristina
- 813 The role of the exchange rate for adjustment in boom and bust episodes
by Schuknecht, Ludger & Martin, Reiner & Vansteenkiste, Isabel
- 812 The uncovered return parity condition
by Cappiello, Lorenzo & De Santis, Roberto A.
- 811 Instability and nonlinearity in the euro area Phillips curve
by Stracca, Livio & Musso, Alberto & van Dijk, Dick
- 810 Inflation persistence: euro area and new EU Member States
by Franta, Michal & Saxa, Branislav & Šmídková, Kateřina
- 809 Is the New Keynesian Phillips curve flat?
by Müller, Gernot J. & Kuester, Keith & Stölting, Sarah
- 808 Model misspecification, the equilibrium natural interest rate and the equity premium
by Tristani, Oreste
- 807 Cross-border lending contagion in multinational banks
by Derviz, Alexis & Podpiera, Jiří
- 806 State-dependency and firm-level optimization: a contribution to Calvo price staggering
by McAdam, Peter & Willman, Alpo
- 805 The pricing of risk in European credit and corporate bond markets
by Berndt, Antje & Obreja, Iulian
- 804 Growth accounting for the euro area: a structural approach
by Musso, Alberto & Proietti, Tommaso
- 803 Optimal monetary policy in an estimated DSGE for the euro area
by Adjemian, Stéphane & Darracq Pariès, Matthieu & Moyen, Stéphane
- 802 Investigating time-variation in the marginal predictive power of the yield spread
by Benati, Luca & Goodhart, Charles
- 801 Uncovered interest parity at distant horizons: evidence on emerging economies & nonlinearities
by Cappiello, Lorenzo & Mehl, Arnaud
- 800 Is the corporate bond market forward looking?
by Hilscher, Jens
- 799 Monetary policy shocks in a two-sector open economy: an empirical study
by Llaudes, Ricardo
- 798 The transmission of US cyclical developments to the rest of the world
by Vansteenkiste, Isabel & Dées, Stéphane
- 797 Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output
by Benati, Luca & Vitale, Giovanni
- 796 The impact of exchange rate shocks on sectoral activity and prices in the euro area
by Hahn, Elke
- 795 Assessing the impact of a change in the composition of public spending: a DSGE approach
by Straub, Roland & Tchakarov, Ivan
- 794 (Un)naturally low? Sequential Monte Carlo tracking of the US natural interest rate
by Lombardi, Marco J. & Sgherri, Silvia
- 793 Structural econometric approach to bidding in the main refinancing operations of the Eurosystem
by Cassola, Nuno & Ewerhart, Christian & Morana, Claudio
- 792 Euro area market reactions to the monetary developments press release
by Coffinet, Jerome & Gouteron, Sylvain
- 791 Inquiries on dynamics of transition economy convergence in a two-country model
by Brůha, Jan & Podpiera, Jiří
- 790 Asset prices, exchange rates and the current account
by Fratzscher, Marcel & Juvenal, Luciana & Sarno, Lucio
- 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 Landolfo, Luigi
- 788 Evaluating the real effect of bank branching deregulation: comparing contiguous counties across U.S. state borders
by Huang, Rocco
- 787 Finance and growth: a macroeconomic assessment of the evidence from a European angle
by Papaioannou, Elias
- 786 The economic impact of merger control: what is special about banking?
by Carletti, Elena & Hartmann, Philipp & Ongena, Steven
- 785 Aggregating Phillips curves
by Imbs, Jean & Jondeau, Eric & Pelgrin, Florian
- 784 Understanding the dynamics of labor shares and inflation
by Whelan, Karl & Lawless, Martina
- 783 The cyclicality of effective wages within employer-employee matches: evidence from German panel data
by Anger, Silke
- 782 Panel data estimates of the production function and product and labor market imperfections
by Dobbelaere, Sabien & Mairesse, Jacques
- 781 Wage inequality in Spain: recent developments
by Izquierdo, Mario & Lacuesta, Aitor
- 780 Dynamics and monetary policy in a fair wage model of the business cycle
by Wouters, Raf & de Walque, Gregory & de la Croix, David
- 779 On-the-job search and the cyclical dynamics of the labor market
by Krause, Michael U. & Lubik, Thomas A.
- 778 Employment protection legislation and wages
by Leonardi, Marco & Pica, Giovanni
- 777 Downward nominal wage rigidity in the OECD
by Holden, Steinar & Wulfsberg, Fredrik
- 776 Insights gained from conversations with labor market decision makers
by Bewley, Truman F.
- 775 The dynamic behaviour of budget components and output
by Afonso, António & Claeys, Peter
- 774 Shocks, structures or monetary policies? The euro area and US after 2001
by Christiano, Lawrence & Motto, Roberto & Rostagno, Massimo
- 773 Exchange rate volatility and growth in small open economies at the EMU periphery
by Schnabl, Gunther
- 772 Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level?
by Vermeulen, Philip
- 771 Policy rate decisions and unbiased parameter estimation in typical monetary policy rules
by Podpiera, Jiří
- 770 Welfare implications of Calvo vs. Rotemberg pricing assumptions
by Vestin, David & Lombardo, Giovanni
- 769 The "Great Moderation" in the United Kingdom
by Benati, Luca
- 768 A new approach to measuring competition in the loan markets of the euro area
by Van Rixtel, Adrian & Kok, Christoffer & van Leuvensteijn, Michiel & Bikker, Jacob A.
- 767 Explaining monetary policy in press conferences
by Ehrmann, Michael & Fratzscher, Marcel
- 766 How and when do markets tip? Lessons from the Battle of the Bund
by Cantillon, Estelle & Yin, Pai-Ling
- 765 Sequential optimization, front-loaded information, and U.S. consumption
by Willman, Alpo
- 764 Robust monetary policy with imperfect knowledge
by Orphanides, Athanasios & Williams, John C.
- 763 Short- and long-run tax elasticities: the case of the Netherlands
by Wolswijk, Guido
- 762 Patterns of current account adjustment: insights from past experience
by Algieri, Bernardina & Bracke, Thierry
- 761 External imbalances and the US current account: how supply-side changes affect an exchange rate adjustment
by Thimann, Christian & Fidora, Michael & Engler, Philipp
- 760 Modelling intra- and extra-area trade substitution and exchange rate pass-through in the euro area
by Dieppe, Alistair & Warmedinger, Thomas
- 759 Linear-quadratic approximation, external habit and targeting rules
by Levine, Paul & Pearlman, Joseph G. & Pierse, Richard
- 758 Red tape and delayed entry
by Papaioannou, Elias & Ciccone, Antonio
- 757 The cyclicality of consumption, wages and employment of the public sector in the euro area
by Lamo, Ana & Schuknecht, Ludger & Pérez, Javier J.
- 756 Maintaining low inflation: money, interest rates, and policy stance
by Reynard, Samuel
- 755 Durable goods and their effect on household saving ratios in the euro area
by Jalava, Jukka & Kavonius, Ilja Kristian
- 754 Euro area inflation persistence in an estimated nonlinear DSGE model
by Tristani, Oreste & Amisano, Gianni
- 753 Trade credit defaults and liquidity provision by firms
by Gropp, Reint & Boissay, Frédéric
- 752 Econometric analyses with backdated data: unified Germany and the euro area
by Angelini, Elena & Marcellino, Massimiliano
- 751 A look into the factor model black box: publication lags and the role of hard and soft data in forecasting GDP
by Rünstler, Gerhard & Bańbura, Marta
- 750 Long run macroeconomic relations in the global economy
by Dées, Stéphane & Pesaran, Hashem & Smith, Vanessa & Holly, Sean
- 749 Excess money growth and inflation dynamics
by Roffia, Barbara & Zaghini, Andrea
- 748 Financial dollarization: the role of banks and interest rates
by Calvo-Gonzalez, Oscar & Basso, Henrique S. & Jurgilas, Marius
- 747 Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model
by McAdam, Peter & Straub, Roland & Coenen, Günter
- 746 U.S. evolving macroeconomic dynamics: a structural investigation
by Benati, Luca & Mumtaz, Haroon
- 745 Market discipline, financial integration and fiscal rules: what drives spreads in the euro area government bond market?
by Manganelli, Simone & Wolswijk, Guido
- 744 International financial linkages of Latin American banks: the effects of political risk and deposit dollarisation
by Ramon-Ballester, Francisco & Wezel, Torsten
- 743 Credit market and macroeconomic volatility
by Mendicino, Caterina
- 742 The Eurosystem, the US Federal Reserve and the Bank of Japan: similarities and differences
by Gerdesmeier, Dieter & Mongelli, Francesco Paolo & Roffia, Barbara
- 741 Sectoral money demand models for the euro area based on a common set of determinants
by von Landesberger, Julian
- 740 Transition economy convergence in a two-country model: implications for monetary integration
by Brůha, Jan & Podpiera, Jiří
- 739 Exchange rate pass-through in emerging markets
by Ca' Zorzi, Michele & Hahn, Elke & Sánchez, Marcelo
- 738 Commodity prices, money and inflation
by Browne, Frank & Cronin, David
- 737 Structural balances and revenue windfalls: the role of asset prices revisited
by Morris, Richard & Schuknecht, Ludger
- 736 Transaction costs and informational cascades in financial markets: Theory and experimental evidence
by Cipriani, Marco & Guarino, Antonio
- 735 Market based compensation, price informativeness and short-term trading
by Calcagno, Riccardo & Heider, Florian
- 734 Inflation risk premia in the term structure of interest rates
by Hördahl, Peter & Tristani, Oreste
- 733 Mortgage interest rate dispersion in the euro area
by Kok, Christoffer & Lichtenberger, Jung-Duk
- 732 Liquidity shocks and asset price boom/bust cycles
by Detken, Carsten & Adalid, Ramón
- 731 International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector
by Hiebert, Paul & Vansteenkiste, Isabel
- 730 What drives business cycles and international trade in emerging market economies?
by Sánchez, Marcelo
- 729 Fast micro and slow macro: can aggregation explain the persistence of inflation?
by Mojon, Benoît & Altissimo, Filippo & Zaffaroni, Paolo
- 728 Price changes in Finland: some evidence from micro CPI data
by Kurri, Samu
- 727 Price setting in the euro area: some stylised facts from individual producer price data
by Vermeulen, Philip & Dias, Daniel & Dossche, Maarten & Gautier, Erwan & Hernando, Ignacio & Sabbatini, Roberto & Stahl, Harald
- 726 Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions
by Andersson, Magnus
- 725 Inflation Forecasts, monetary policy and unemployment dynamics: evidence from the US and the euro area
by Ciccarelli, Matteo & Altavilla, Carlo
- 724 The transmission of emerging market shocks to global equity markets
by Thimann, Christian & Fratzscher, Marcel & Cuadro Sáez, Lucía
- 723 Asset allocation by penalized least squares
by Manganelli, Simone
- 722 Shocks and frictions in US business cycles: a Bayesian DSGE approach
by Smets, Frank & Wouters, Raf
- 721 Are survey-based inflation expections in the euro area informative?
by Mestre, Ricardo
- 720 Real price and wage rigidities in a model with matching frictions
by Kuester, Keith
- 719 US imbalances: the role of technology and policy
by Bems, Rudolfs & Dedola, Luca & Smets, Frank
- 718 Drift and breaks in labor productivity
by Benati, Luca
- 717 Discretion rather than rules? When is discretionary policy-making better than the timeless perspective?
by Sauer, Stephan
- 716 Adjusting to the euro
by Fagan, Gabriel & Gaspar, Vítor
- 715 Emerging Asia's growth and integration: how autonomous are business cycles?
by Rüffer, Rasmus & Sánchez, Marcelo & Shen, Jian-Guang
- 714 The dynamics of bank spreads and financial structure
by Gropp, Reint & Kok, Christoffer & Lichtenberger, Jung-Duk
- 713 Balance of payment crises in emerging markets: how early were the “early” warning signals?
by Bussière, Matthieu
- 712 Opening the black box: structural factor models with large cross-sections
by Forni, Mario & Giannone, Domenico & Lippi, Marco & Reichlin, Lucrezia
- 711 What “hides” behind sovereign debt ratings?
by Afonso, António & Gomes, Pedro & Rother, Philipp
- 710 Pricing of settlement link services and mergers of central securities depositories
by Tapking, Jens
- 709 Quantifying and sustaining welfare gains from monetary commitment
by McAdam, Peter & Levine, Paul & Pearlman, Joseph G.
- 708 Regional housing market spillovers in the US: lessons from regional divergences in a common monetary policy setting
by Vansteenkiste, Isabel
- 707 Ramsey monetary policy with labour market frictions
by Faia, Ester
2006
- 706 What drives investors' behaviour in different FX market segments? A VAR-based return decomposition analysis
by Castrén, Olli & Osbat, Chiara & Sydow, Matthias
- 705 What does a technology shock do? A VAR analysis with model-based sign restrictions
by Dedola, Luca & Neri, Stefano
- 704 Are money and consumption additively separable in the euro area? A non-parametric approach
by Jones, Barry E. & Stracca, Livio
- 703 Comovements in volatility in the euro money market
by Cassola, Nuno & Morana, Claudio
- 702 Comparing financial systems: a structural analysis
by Champonnois, Sylvain
- 701 Is there a single frontier in a single European banking market?
by Bos, Jaap W. B. & Schmiedel, Heiko
- 700 Forecasting using a large number of predictors: Is Bayesian regression a valid alternative to principal components?
by Giannone, Domenico & Reichlin, Lucrezia & De Mol, Christine
- 699 The behaviour of producer prices: some evidence from the French PPI micro data
by Gautier, Erwan
- 698 Optimal monetary policy rules with labor market frictions
by Faia, Ester
- 697 How wages change: micro evidence from the International Wage Flexibility Project
by Dickens, William T. & Götte, Lorenz & Groshen, Erica L. & Holden, Steinar & Messina, Julián & Schweitzer, Mark E. & Turunen, Jarkko & Ward-Warmedinger, Melanie
- 696 What is global excess liquidity, and does it matter?
by Rüffer, Rasmus & Stracca, Livio
- 695 Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?
by Berger, Helge & Ehrmann, Michael & Fratzscher, Marcel
- 694 Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar
by Papaioannou, Elias & Portes, Richard & Siourounis, Gregorios
- 693 Evaluating China’s integration in world trade with a gravity model based benchmark
by Schnatz, Bernd & Bussière, Matthieu
- 692 Bayesian inference in cointegrated VAR models: with applications to the demand for euro area M3
by Warne, Anders
- 691 The yield curve as a predictor and emerging economies
by Mehl, Arnaud
- 690 Optimal simple monetary policy rules and non-atomistic wage setters in a New-Keynesian framework
by Gnocchi, Stefano
- 689 The effect of financial development on the investment cash flow relationship: cross-country evidence from Europe
by Becker, Bo & Sivadasan, Jagadeesh
- 688 Determinants of workers' remittances: evidence from the European Neighbouring Region
by Siegfried, Nikolaus & Schiopu, Ioana
- 687 Credit growth in Central and Eastern Europe: new (over)shooting stars?
by Égert, Balázs & Backé, Peter & Zumer, Tina
- 686 Stale information, shocks and volatility
by Gropp, Reint & Kadareja, Arjan
- 685 Home bias in global bond and equity markets: the role of real exchange rate volatility
by Fidora, Michael & Fratzscher, Marcel & Thimann, Christian
- 684 Inflation dynamics and regime shifts
by Lendvai, Julia
- 683 Financial integration of new EU Member States
by Cappiello, Lorenzo & Gérard, Bruno & Kadareja, Arjan & Manganelli, Simone
- 682 Is reversion to PPP in euro exchange rates non-linear?
by Schnatz, Bernd
- 681 Regional inflation dynamics within and across euro area countries and a comparison with the US
by Hubrich, Kirstin & Marcellino, Massimiliano & Beck, Günter W.
- 680 Comparing alternative predictors based on large-panel factor models
by D'Agostino, Antonello & Giannone, Domenico
- 679 Monetary policy in the media
by Berger, Helge & Ehrmann, Michael & Fratzscher, Marcel
- 678 The geography of international portfolio flows, international CAPM and the role of monetary policy frameworks
by De Santis, Roberto A.
- 677 What drives EU banks' stock returns? Bank-level evidence using the dynamic dividend-discount model
by Castrén, Olli & Fitzpatrick, Trevor & Sydow, Matthias
- 676 The distribution of contract durations across firms: a unified framework for understanding and comparing dynamic wage and price setting models
by Dixon, Huw
- 675 Expansionary fiscal consolidations in Europe: new evidence
by Afonso, António
- 674 A quasi maximum likelihood approach for large approximate dynamic factor models
by Doz, Catherine & Giannone, Domenico & Reichlin, Lucrezia
- 673 Optimal monetary policy in the generalized Taylor economy
by Kara, Engin
- 672 Understanding inflation persistence: a comparison of different models
by Dixon, Huw & Kara, Engin
- 671 Business cycle synchronisation in East Asia
by Moneta, Fabio & Rüffer, Rasmus
- 670 The importance of being mature: the effect of demographic maturation on global per-capita GDP
by Hernández de Cos, Pablo & Gómez, Rafael
- 669 Regular adjustment: theory and evidence
by Rumler, Fabio & Konieczny, Jerzy (Jurek) D.
- 668 Declining valuations and equilibrium bidding in central bank refinancing operations
by Ewerhart, Christian & Cassola, Nuno & Valla, Natacha
- 667 The behaviour of the real exchange rate: evidence from regression quantiles
by Nikolaou, Kleopatra
- 666 Quantifying the impact of structural reforms
by Ernst, Ekkehard & Gong, Gang & Semmler, Willi & Bukeviciute, Lina
- 665 The euro as invoicing currency in international trade
by Kamps, Annette
- 664 Fiscal convergence before entering the EMU
by Onorante, Luca
- 663 Monetary conservatism and fiscal policy
by Adam, Klaus & Billi, Roberto M.
- 662 Cross-border bank contagion in Europe
by Vesala, Jukka & Gropp, Reint & Lo Duca, Marco
- 661 Fiscal policy in a monetary economy with capital and finite lifetime
by Giammarioli, Nicola & Annicchiarico, Barbara & Piergallini, Alessandro
- 660 The Italian block of the ESCB multi-country model
by Angelini, Elena & McAdam, Peter & D'Agostino, Antonello
- 659 Monetary policy rules in the pre-EMU era: Is there a common rule?
by Gerdesmeier, Dieter & Roffia, Barbara & Eleftheriou, Maria
- 658 The response of firms‘ investment and financing to adverse cash flow shocks: the role of bank relationships
by Fuss, Catherine & Vermeulen, Philip
- 657 The impact of ECB monetary policy decisions and communication on the yield curve
by Brand, Claus & Turunen, Jarkko & Buncic, Daniel
- 656 Public debt and long-term interest rates: the case of Germany, Italy and the USA
by Strauch, Rolf & Paesani, Paolo & Kremer, Manfred