- 28/12/2007
- Working paper no. 847: Deeper, wider and more competitive? Monetary integration, Eastern enlargement and competitiveness in the European Union
- 28/12/2007
- Working paper no. 843: Fiscal forecasting: lessons from the literature and challenges
Published in: Fiscal Studies, September 2008; 29(3): 347-386
- 20/12/2007
- Working paper no. 846: Information combination and forecast (st)ability evidence from vintages of time-series data
- 20/12/2007
- Working paper no. 845: Run-prone banking and asset markets
- 20/12/2007
- Working paper no. 844: Business cycle synchronization and insurance mechanisms in the EU
Published in: Journal of International Money and Finance, 2008, 27 (2), 169-187.
- 20/12/2007
- Working paper no. 842: Saving behaviour and global imbalances: the role of emerging market economies
- 19/12/2007
- Occasional paper no. 77: Oil market structure, network effects and the choice of currency for oil invoicing
- 18/12/2007
- Occasional paper no. 76: Prudential and oversight requirements for securities settlement
- 17/12/2007
- Working paper no. 841: Should we take inside money seriously?
Published in: Macroeconomic Dynamics (forthcoming)
- 17/12/2007
- Working paper no. 840: Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure
Published in: Brussels Economic Review, Vol 55 (1), Spring 2012: pp 5-32
- 17/12/2007
- Working paper no. 839: Are there oil currencies? The real exchange rate of oil exporting countries
- 17/12/2007
- Working paper no. 838: Securitisation and the bank lending channel
Published in: European Economic Review, Vol 53(8), 2009: pp 996-1009
- 17/12/2007
- Working paper no. 837: Monetary policy and core inflation
- 17/12/2007
- Working paper no. 836: Reporting biases and survey results: evidence from European professional forecasters
- 13/12/2007
- Forecasts by other institutionsEconomic Bulletin Issue 12, 2007
- 13/12/2007
- Technical assumptionsEconomic Bulletin Issue 12, 2007
- 13/12/2007
- The Treaty of LisbonEconomic Bulletin Issue 12, 2007
- 13/12/2007
- Political commitments and the Stability and Growth PactEconomic Bulletin Issue 12, 2007
- 13/12/2007
- Measures of longer-term inflation expectations from the ECB Survey of Professional Forecasters: a more detailed analysis of recent developmentsEconomic Bulletin Issue 12, 2007
- 13/12/2007
- The European Union's common agricultural policy against the background of globally rising food pricesEconomic Bulletin Issue 12, 2007
- 13/12/2007
- Euro area food prices: recent developments and outlookEconomic Bulletin Issue 12, 2007
- 13/12/2007
- Evidence of the impact of recent financial market tensions, as revealed by bank lending surveys in major industrialised economiesEconomic Bulletin Issue 12, 2007
- 13/12/2007
- Liquidity conditions and monetary policy operations in the period from 8 August to 13 November 2007Economic Bulletin Issue 12, 2007
- 13/12/2007
- New estimates on holdings by sector for euro area M3Economic Bulletin Issue 12, 2007
- 12/12/2007
- Bank Capital In Europe and the USFinancial Stability Review Issue 2, 2007
- 12/12/2007
- The Impact of Short-Term Interest Rates on Bank Credit Risk-TakingFinancial Stability Review Issue 2, 2007
- 12/12/2007
- Commercial Property Investment and Financial StabilityFinancial Stability Review Issue 2, 2007
- 12/12/2007
- Measuring Financial Market Liquidity and Risk Aversion InterdependenceFinancial Stability Review Issue 2, 2007
- 12/12/2007
- Net Asset Value Triggers as Early Warning Indicators of the Hedge Fund LiquidationFinancial Stability Review Issue 2, 2007
- 12/12/2007
- Financial Stability Review, December 2007
- 10/12/2007
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
- 06/12/2007
- Eurosystem staff macroeconomic projections for the euro area
- 30/11/2007
- Working paper no. 835: US shocks and global exchange rate configurations
Published in: Economic Policy (54), pp. 363-409, April 2008 (forthcoming)
- 30/11/2007
- Working paper no. 834: International frictions and optimal monetary policy cooperation: analytical solutions
- 30/11/2007
- Working paper no. 833: Explaining and forecasting euro area exports: which competitiveness indicator performs best?
Published in: P. De Grauwe (ed.), The Many Dimensions of Competitiveness, MIT Press, Cambridge, September 2010.
- 30/11/2007
- Working paper no. 832: The yield curve and macroeconomic dynamics
Published in: Economic Journal, November 2008; 118(533): 1937-70
- 30/11/2007
- Working paper no. 831: Hierarchical Markov normal mixture models with applications to financial asset returns
Published in: Journal of Applied Econometrics, Vol 26, 2011: pp 1-29
- 30/11/2007
- Working paper no. 830: The term structure of euro area break-even inflation rates: the impact of seasonality
- 30/11/2007
- Working paper no. 829: Modelling inflation in China - a regional perspective
Published in: China Economic Review, Vol 21 (2), June 2010: pp 237-255.
- 30/11/2007
- Working paper no. 828: Potential output growth in several industrialised countries: a comparison
- 30/11/2007
- Review of the Lamfalussy framework - Eurosystem contribution
- 29/11/2007
- Working paper no. 827: How is real convergence driving nominal convergence in the new EU Member States?
Published in: Journal of International Money and Finance, March 2008; 27(2): 227-48
- 19/11/2007
- Euro Money Market Survey 2007
- 15/11/2007
- Recent revisions to euro area unemployment statisticsEconomic Bulletin Issue 11, 2007
- 15/11/2007
- Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2007Economic Bulletin Issue 11, 2007
- 15/11/2007
- Recent developments in consumers' inflation perceptions and expectations in the euro areaEconomic Bulletin Issue 11, 2007
- 15/11/2007
- Impact of the credit market tensions on LBO activityEconomic Bulletin Issue 11, 2007
- 15/11/2007
- The impact of the financial market turmoil on monetary and credit developmentsEconomic Bulletin Issue 11, 2007
- 15/11/2007
- The short-term outlook for global growth: a PMI-based assessmentEconomic Bulletin Issue 11, 2007
- 15/11/2007
- The introduction of quarterly sectoral accounts statistics for the euro areaEconomic Bulletin Issue 11, 2007
- 15/11/2007
- The stock market’s changing structure and its consolidation: implications for the efficiency of the financial system and monetary policyEconomic Bulletin Issue 11, 2007
- 14/11/2007
- EU banking sector stability
- 30/10/2007
- Occasional paper no. 74: Analysis of revisions to general economic statistics
- 29/10/2007
- Working paper no. 826: Risk sharing, finance and institutions in international portfolios
Published in: Journal of Financial Economics (2009), vol. 94, pp. 428-447.
- 29/10/2007
- Working paper no. 825: What can probability forecasts tell us about inflation risks?
- 29/10/2007
- Fifth progress report on TARGET2, Annex 3: TARGET2 compensation scheme - claim form
- 29/10/2007
- Fifth progress report on TARGET2, Annex 2: User information guide to TARGET2 pricing
- 29/10/2007
- Fifth progress report on TARGET2, Annex 1: Information guide for TARGET2 users (version 1.1, Jan 2009)
- 29/10/2007
- Fifth progress report on TARGET2
- 26/10/2007
- TARGET2-Securities progress report
- 25/10/2007
- Working paper no. 824: Evolving U.S. monetary policy and the decline of inflation predictability
Published in: Journal of the European Economic Association, 6(2-3), Proceedings, April-May 2008, 634-646.
- 23/10/2007
- Working paper no. 823: Modelling Ireland’s exchange rates: from EMS to EMU
Published in: Applied Economics, Vol. 43 (15), 2011: pp 1899-1911.
- 23/10/2007
- Working paper no. 822: Exchange rate pass-through to trade prices: the role of non-linearities and asymmetries
Published in: Oxford Bulletin of Economics and Statistics (forthcoming).
- 23/10/2007
- Working paper no. 821: Social value of public information: testing the limits to transparency
Published in: Public Choice, as “Dispersed communication by central bank committees and the predictability of monetary policy decisions” (forthcoming)
- 23/10/2007
- Working paper no. 820: What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Published in: Review of World Economics (2009), 145(4), pp. 731-755.
- 23/10/2007
- Working paper no. 819: Proximity and linkages among coalition participants: a new voting power measure applied to the International Monetary Fund
Published in: Central European Journal of Economic Modelling and Econometrics, Vol 3(3), 2011: pp 111-132.
- 23/10/2007
- Working paper no. 818: Is time ripe for price level path stability?
Published in: Chapter 2 in: P.L. Siklos, M.T. Bohl and M.E. Wohar (eds), Challenges in central banking: The current institutional environment and forces affecting monetary policy, 21-51, Cambridge University Press, 2010.
- 23/10/2007
- Occasional paper no. 75: The role of other financial intermediaries in monetary and credit developments in the euro area
- 18/10/2007
- Working paper no. 817: Convergence and anchoring of yield curves in the euro area
Published in: The Review of Economics and Statistics, Vol 93 (1), February 2011: pp 350-364
- 11/10/2007
- Sectoral patterns of total factor productivity growth in the euro area countriesEconomic Bulletin Issue 10, 2007
- 11/10/2007
- Capacity utilisation in the euro area: measures and implicationsEconomic Bulletin Issue 10, 2007
- 11/10/2007
- Volatility and cross-country dispersion of corporate earnings in the euro areaEconomic Bulletin Issue 10, 2007
- 11/10/2007
- The recent repricing of credit riskEconomic Bulletin Issue 10, 2007
- 11/10/2007
- The results of the October 2007 bank lending survey for the euro areaEconomic Bulletin Issue 10, 2007
- 11/10/2007
- New euro area historical series on MFI loans to households and non-financial corporationsEconomic Bulletin Issue 10, 2007
- 11/10/2007
- Circulation and supply of euro banknotes and preparations for the second series of banknotesEconomic Bulletin Issue 10, 2007
- 11/10/2007
- The collateral frameworks of the Federal Reserve System, the Bank of Japan and the EurosystemEconomic Bulletin Issue 10, 2007
- 11/10/2007
- Long-term developments in MFI loans to households in the euro area: main patterns and determinantsEconomic Bulletin Issue 10, 2007
- 05/10/2007
- The euro area bank lending survey
- 05/10/2007
- EU banking structures
- 28/09/2007
- Working paper no. 814: Choice of currency in bond issuance and the international role of currencies
- 28/09/2007
- Working paper no. 810: Inflation persistence: euro area and new EU Member States
- 28/09/2007
- Occasional paper no. 73: Reserve accumulation: objective or by-product?
- 27/09/2007
- Working paper no. 816: The role of credit aggregates and asset prices in the transmission mechanism: a comparison between the euro area and the US
- 27/09/2007
- Working paper no. 815: Do international portfolio investors follow firms' foreign investment decisions?
- 27/09/2007
- Working paper no. 813: The role of the exchange rate for adjustment in boom and bust episodes
- 27/09/2007
- Working paper no. 812: The uncovered return parity condition
- 26/09/2007
- Working paper no. 811: Instability and nonlinearity in the euro area Phillips curve
Published in: International Journal of Central Banking 5(2), pp. 181-212, June 2009
- 24/09/2007
- Occasional paper no. 72: The role of financial markets and innovation in productivity and growth in Europe
- 20/09/2007
- Working paper no. 809: Is the New Keynesian Phillips curve flat?
- 20/09/2007
- Working paper no. 808: Model misspecification, the equilibrium natural interest rate and the equity premium
Published in: Journal of Money, Credit, and Banking (2009), 41, pp. 1453-1479.
- 19/09/2007
- Working paper no. 807: Cross-border lending contagion in multinational banks
- 13/09/2007
- Flat taxes in central and eastern EuropeEconomic Bulletin Issue 9, 2007
- 13/09/2007
- ECB staff macroeconomic projections for the euro areaEconomic Bulletin Issue 9, 2007
- 13/09/2007
- Euro area employment in 2006: a more balanced growthEconomic Bulletin Issue 9, 2007
- 13/09/2007
- Recent food price developments in world markets and the euro areaEconomic Bulletin Issue 9, 2007
- 13/09/2007
- Recent developments in non-financial corporations' leverage ratiosEconomic Bulletin Issue 9, 2007
- 13/09/2007
- The relationship between listed companies' earnings growth and output growth in the economy as a wholeEconomic Bulletin Issue 9, 2007
- 13/09/2007
- Seasonality in break-even inflation ratesEconomic Bulletin Issue 9, 2007
- 13/09/2007
- The ECB's additional open market operations in the period from 8 August to 5 September 2007Economic Bulletin Issue 9, 2007
- 13/09/2007
- Liquidity conditions and monetary policy operations from 15 May to 7 August 2007Economic Bulletin Issue 9, 2007
- 13/09/2007
- House price developments in central and eastern European countriesEconomic Bulletin Issue 9, 2007
- 06/09/2007
- ECB staff macroeconomic projections for the euro area
- 31/08/2007
- Working paper no. 804: Growth accounting for the euro area: a structural approach
Published in: Empirical Economics, Vol 43 (1), August 2012: pp 219-244.
- 31/08/2007
- Working paper no. 801: Uncovered interest parity at distant horizons: evidence on emerging economies & nonlinearities
Published in: Review of International Economics (2009), 17(5), pp. 1019-1037; published as "Uncovered interest parity at long horizons: evidence on emerging economies".
- 24/08/2007
- Occasional paper no. 70: The search for Columbus' egg: finding a new formula to determine quotas at the IMF
- 24/08/2007
- Occasional paper no. 68: The securities custody industry
- 22/08/2007
- Working paper no. 805: The pricing of risk in European credit and corporate bond markets
- 22/08/2007
- Working paper no. 798: The transmission of US cyclical developments to the rest of the world
- 22/08/2007
- Occasional paper no. 71: The economic impact of the Single Euro Payments Area
- 21/08/2007
- Working paper no. 806: State-dependency and firm-level optimization: a contribution to Calvo price staggering
Published in: Manchester School (forthcoming) as "Arrow-Calvo Price Staggering".
- 21/08/2007
- Working paper no. 803: Optimal monetary policy in an estimated DSGE for the euro area
- 21/08/2007
- Working paper no. 802: Investigating time-variation in the marginal predictive power of the yield spread
Published in: Journal of Economic Dynamics and Control, 32(4), 1236-1272.
- 21/08/2007
- Working paper no. 797: Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output
- 21/08/2007
- Working paper no. 796: The impact of exchange rate shocks on sectoral activity and prices in the euro area
- 21/08/2007
- Working paper no. 795: Assessing the impact of a change in the composition of public spending: a DSGE approach
- 21/08/2007
- Occasional paper no. 69: Fiscal policy in Mediterranean countries: developments, structures and implications for monetary policy
- 17/08/2007
- Working paper no. 800: Is the corporate bond market forward looking?
- 17/08/2007
- Working paper no. 799: Monetary policy shocks in a two-sector open economy: an empirical study
- 16/08/2007
- Working paper no. 794: (Un)naturally low? Sequential Monte Carlo tracking of the US natural interest rate
- 16/08/2007
- Working paper no. 793: Structural econometric approach to bidding in the main refinancing operations of the Eurosystem
Published in: Journal of Financial Transformation. April 2007; 0(19): 81-90.
- 14/08/2007
- Payment and securities settlement systems in the European Union, Blue Book, fourth edition, Volume 2: non-euro area countries
- 14/08/2007
- Payment and securities settlement systems in the European Union, Blue Book, fourth edition, Volume 1: euro area countries
- 10/08/2007
- Working paper no. 792: Euro area market reactions to the monetary developments press release
- 09/08/2007
- Working paper no. 791: Inquiries on dynamics of transition economy convergence in a two-country model
Published in: Journal of Economic Dynamics and Control (forthcoming).
- 09/08/2007
- Introduction of the euro in Cyprus and Malta on 1 January 2008Economic Bulletin Issue 8, 2007
- 09/08/2007
- Recent developments in consumer confidenceEconomic Bulletin Issue 8, 2007
- 09/08/2007
- Results of the ECB Survey of Professional Forecasters for the third quarter of 2007Economic Bulletin Issue 8, 2007
- 09/08/2007
- M&A; activity and stock market developments in the euro areaEconomic Bulletin Issue 8, 2007
- 09/08/2007
- Volatility of the overnight interest rate and its transmission along the euro area money market yield curveEconomic Bulletin Issue 8, 2007
- 09/08/2007
- The results of the July 2007 bank lending survey for the euro areaEconomic Bulletin Issue 8, 2007
- 09/08/2007
- Leveraged buyouts and financial stabilityEconomic Bulletin Issue 8, 2007
- 09/08/2007
- The financing of small and medium-sized enterprises in the euro areaEconomic Bulletin Issue 8, 2007
- 09/08/2007
- Adjustment of global imbalances in a financially integrating worldEconomic Bulletin Issue 8, 2007
- 09/08/2007
- Letter from the ECB's President to the President of the Council of the European Union on the clarification of the institutional status of the ECB
- 08/08/2007
- Working paper no. 790: Asset prices, exchange rates and the current account
Published in: European Economic Review 54, 643–658, June 2010.
- 03/08/2007
- The euro area bank lending survey
- 31/07/2007
- Working paper no. 777: Downward nominal wage rigidity in the OECD
Published in: B.E. Journal of Macroeconomics, Vol 8 (1), April 2008
- 27/07/2007
- Working paper no. 787: Finance and growth: a macroeconomic assessment of the evidence from a European angle
Published in: Journal of the European Economic Association (Papers and Proceedings), April-May 2007, 5(2-3).
- 27/07/2007
- Working paper no. 785: Aggregating Phillips curves
- 27/07/2007
- Working paper no. 783: The cyclicality of effective wages within employer-employee matches: evidence from German panel data
- 27/07/2007
- Working paper no. 782: Panel data estimates of the production function and product and labor market imperfections
- 27/07/2007
- Working paper no. 780: Dynamics and monetary policy in a fair wage model of the business cycle
- 27/07/2007
- Working paper no. 779: On-the-job search and the cyclical dynamics of the labor market
- 26/07/2007
- Working paper no. 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
- 26/07/2007
- Working paper no. 788: Evaluating the real effect of bank branching deregulation: comparing contiguous counties across U.S. state borders
- 26/07/2007
- Working paper no. 786: The economic impact of merger control: what is special about banking?
- 26/07/2007
- Working paper no. 784: Understanding the dynamics of labor shares and inflation
- 26/07/2007
- Occasional paper no. 67: Towards harmonised balance of payments and international investment position statistics - the experience of the European compilers
- 24/07/2007
- Working paper no. 781: Wage inequality in Spain: recent developments
- 24/07/2007
- Working paper no. 778: Employment protection legislation and wages
- 24/07/2007
- Working paper no. 776: Insights gained from conversations with labor market decision makers
- 24/07/2007
- The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions
- 23/07/2007
- Legal working paper no. 5: Legal and institutional aspects of the currency changeover following the restoration of the independence of the Baltic states
- 20/07/2007
- 5th SEPA progress report
- 18/07/2007
- Occasional paper no. 64: The use of portfolio credit risk models in central banks
- 12/07/2007
- Current account balances across the euro area countries from a savings and investment perspectiveEconomic Bulletin Issue 7, 2007
- 12/07/2007
- Recent developments in the retail bank interest rate pass-through in the euro areaEconomic Bulletin Issue 7, 2007
- 12/07/2007
- Developments in MFI gross external assets and liabilitiesEconomic Bulletin Issue 7, 2007
- 12/07/2007
- Oil-exporting countries: key structural features, economic developments and oil revenue recyclingEconomic Bulletin Issue 7, 2007
- 12/07/2007
- Interpreting monetary developments since mid-2004Economic Bulletin Issue 7, 2007
- 11/07/2007
- Working paper no. 775: The dynamic behaviour of budget components and output
Published in: Economic Modelling, Vol 25 (1), 2008: pp 93-117
- 11/07/2007
- Working paper no. 774: Shocks, structures or monetary policies? The euro area and US after 2001
- 11/07/2007
- Working paper no. 773: Exchange rate volatility and growth in small open economies at the EMU periphery
- 11/07/2007
- Potential impact of solvency II on financial stability
- 10/07/2007
- Occasional paper no. 65: The performance of credit rating systems in the assessment of collateral used in Eurosystem monetary policy operations
- 10/07/2007
- The role of central counterparties
- 06/07/2007
- Occasional paper no. 66: Structural reforms in EMU and the role of monetary policy: a survey of the literature
- 03/07/2007
- European legislation on financial markets
- 29/06/2007
- Research Bulletin No. 6
- 28/06/2007
- Working paper no. 772: Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level?
- 28/06/2007
- Working paper no. 771: Policy rate decisions and unbiased parameter estimation in typical monetary policy rules
Published in: Economic Modelling, 2008 as "The Role of Ad Hoc Factors in Policy Rate Settings" and Economics Letters, Vol 100 (2), 2008: pp 238-240 as "Policy Rate Inertia Reconsidered: Evidence from Endogenous Interest Rate Trajectory"
- 28/06/2007
- Working paper no. 770: Welfare implications of Calvo vs. Rotemberg pricing assumptions
Published in: Economics Letters, Vol 100 (2), August 2008: pp 275-79
- 28/06/2007
- Working paper no. 769: The "Great Moderation" in the United Kingdom
Published in: Journal of Money, Credit, and Banking, Vol 39 (1): pp 121-147
- 28/06/2007
- Working paper no. 768: A new approach to measuring competition in the loan markets of the euro area
Published in: Applied Economics, Vol 43 (23), 2011: pp 3155-67
- 28/06/2007
- Occasional paper no. 63: Corporate finance in the euro area - including background material
- 26/06/2007
- The euro bonds and derivates markets
- 25/06/2007
- Review of the international role of the euro, June 2007
- 22/06/2007
- Fourth Progress Report on TARGET2
- 15/06/2007
- Bank Income Diversity and Systemic RiskFinancial Stability Review Issue 1, 2007
- 15/06/2007
- Global Macro-Financial Developments and Expected Corporate Sector Default Frequencies in the Euro AreaFinancial Stability Review Issue 1, 2007
- 15/06/2007
- Assessing Portfolio Credit Risk in a Sample of EU Large and Complex Banking GroupsFinancial Stability Review Issue 1, 2007
- 15/06/2007
- Measuring Investors' Risk AppetiteFinancial Stability Review Issue 1, 2007
- 15/06/2007
- Accounting for Rising Leveraged Buyout ActivityFinancial Stability Review Issue 1, 2007
- 15/06/2007
- Monetary policy: A journey from theory to practice
- 15/06/2007
- Financial Stability Review, June 2007
- 14/06/2007
- Is the downward impact of globalisation on import prices waning?Economic Bulletin Issue 6, 2007
- 14/06/2007
- Forecasts by other institutionsEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Technical assumptionsEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Government wage developments in the euro areaEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Recent developments in the household and corporate sectors: information from new quarterly euro area sector accountsEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Assessing recent developments in inventoriesEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Developments in euro area profitsEconomic Bulletin Issue 6, 2007
- 14/06/2007
- The cyclical pattern of loans to households and non-financial corporations in the euro areaEconomic Bulletin Issue 6, 2007
- 14/06/2007
- What is behind the surge in private equity activity?Economic Bulletin Issue 6, 2007
- 14/06/2007
- Financial statement information on listed non-financial corporationsEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Liquidity conditions and monetary policy operations in the period from 14 February 2007 to 14 May 2007Economic Bulletin Issue 6, 2007
- 14/06/2007
- Investments in mixed funds: nature and motivationsEconomic Bulletin Issue 6, 2007
- 14/06/2007
- Actual versus perceived inflation developments in the countries that joined the EU in May 2004Economic Bulletin Issue 6, 2007
- 13/06/2007
- Working paper no. 767: Explaining monetary policy in press conferences
Published in: International Journal of Central Banking, Vol 5 (2), 2009: pp 41-84
- 13/06/2007
- Working paper no. 766: How and when do markets tip? Lessons from the Battle of the Bund
- 13/06/2007
- Working paper no. 765: Sequential optimization, front-loaded information, and U.S. consumption
- 13/06/2007
- Working paper no. 764: Robust monetary policy with imperfect knowledge
Published in: Journal of Monetary Economics, Vol 54 (5), July 2007: pp 1406-35
- 13/06/2007
- Working paper no. 763: Short- and long-run tax elasticities: the case of the Netherlands
Published in: Economics Bulletin (2009), 29(3).
- 13/06/2007
- Working paper no. 762: Patterns of current account adjustment: insights from past experience
Published in: Open Economies Review, forthcoming.
- 13/06/2007
- Working paper no. 761: External imbalances and the US current account: how supply-side changes affect an exchange rate adjustment
Published in: Review of International Economics, 17(5), 2009: pp 927-941.
- 13/06/2007
- Working paper no. 760: Modelling intra- and extra-area trade substitution and exchange rate pass-through in the euro area
- 13/06/2007
- Working paper no. 759: Linear-quadratic approximation, external habit and targeting rules
- 13/06/2007
- Working paper no. 758: Red tape and delayed entry
Published in: Journal of the European Economic Association, 5(2-3), 444-458.
- 13/06/2007
- Legal working paper no. 4: Privileges and immunities of the European Central Bank
- 11/06/2007
- Structural issues report 2007 - Corporate finance in the euro area, May 2007
- 06/06/2007
- Eurosystem staff macroeconomic projections for the euro area
- 04/06/2007
- Occasional paper no. 62: Inflation-linked bonds from a Central Bank perspective
- 23/05/2007
- Working paper no. 757: The cyclicality of consumption, wages and employment of the public sector in the euro area
Published in: Applied Economics, Vol 45, 2013: pp 1551–1569.
- 23/05/2007
- Working paper no. 756: Maintaining low inflation: money, interest rates, and policy stance
Published in: Journal of Monetary Economics, July 2007, vol. 54(5), pp. 1441-1471.
- 23/05/2007
- Working paper no. 755: Durable goods and their effect on household saving ratios in the euro area
Published in: Review of Income and Wealth, Series 55, Number 1, pp. 43-56, March 2009.
- 23/05/2007
- Working paper no. 754: Euro area inflation persistence in an estimated nonlinear DSGE model
Published in: Journal of Economic Dynamics and Control (forthcoming)
- 23/05/2007
- Working paper no. 753: Trade credit defaults and liquidity provision by firms
- 23/05/2007
- Working paper no. 752: Econometric analyses with backdated data: unified Germany and the euro area
Published in: Economic Modelling, Vol 28, 2011: pp 1405-1414.
- 23/05/2007
- Working paper no. 751: A look into the factor model black box: publication lags and the role of hard and soft data in forecasting GDP
Published in: International Journal of Forecasting, Vol 27 No 2, 2011: pp 333-346.
- 23/05/2007
- Working paper no. 750: Long run macroeconomic relations in the global economy
Published in: Economics: The Open-Access, Open-Assessment E-Journal, Vol 1 (3), 2007: pp 1-20
- 23/05/2007
- Working paper no. 749: Excess money growth and inflation dynamics
- 23/05/2007
- Working paper no. 748: Financial dollarization: the role of banks and interest rates
Published in: Journal of Banking & Finance, Vol 35, 2011: pp 794-806
- 21/05/2007
- Bond Markets and long-term interest rates in non-euro area Member States of the European Union - updated addendum incorporating 2005 figures
- 17/05/2007
- Measured inflation and inflation perceptions in the euro areaEconomic Bulletin Issue 5, 2007
- 17/05/2007
- Competition in and economic performance of the euro area services sectorEconomic Bulletin Issue 5, 2007
- 17/05/2007
- Determinants of growth on the EU Member States of central and eastern EuropeEconomic Bulletin Issue 5, 2007
- 17/05/2007
- Share buybacks in the euro areaEconomic Bulletin Issue 5, 2007
- 16/05/2007
- Convergence Report May
- 14/05/2007
- European Union Balance of Payments / International Investment Position statistical methods
- 11/05/2007
- The euro area bank lending survey
- 11/05/2007
- TARGET Annual Report 2006
- 01/05/2007
- Results of the ECB Survey of Professional Forecasters for the second quarter of 2007Economic Bulletin Issue 5, 2007
- 01/05/2007
- Recent developments in euro area residential property pricesEconomic Bulletin Issue 5, 2007
- 01/05/2007
- Measuring and assessing the impact of administered prices on HICP inflationEconomic Bulletin Issue 5, 2007
- 01/05/2007
- Demand for bonds by institutional investors and bond yield developments in the euro areaEconomic Bulletin Issue 5, 2007
- 01/05/2007
- The sectoral breakdown of the private sector securities held by monetary financial institutionsEconomic Bulletin Issue 5, 2007
- 01/05/2007
- The results of the April 2007 bank lending survey for the euro areaEconomic Bulletin Issue 5, 2007
- 24/04/2007
- Working paper no. 747: Tax reform and labour-market performance in the euro area: a simulation-based analysis using the New Area-Wide Model
Published in: Journal of Economic Dynamics and Control, 32(8), 2543-2583, 2008.
- 24/04/2007
- Working paper no. 746: U.S. evolving macroeconomic dynamics: a structural investigation
- 24/04/2007
- Working paper no. 745: Market discipline, financial integration and fiscal rules: what drives spreads in the euro area government bond market?
Published in: Economic Policy, 2009, 48: 191-240, published as: What Drives Spreads in the Euro Area Government Bond Market?
- 23/04/2007
- Occasional paper no. 60: Commodity price fluctuations and their impact on monetary and fiscal policies in Western and Central Africa
- 23/04/2007
- Consolidated balance sheet of the Eurosystem as at 31 December 2006
- 23/04/2007
- Annual Report 2006
- 23/04/2007
- Article, Annual Report, 2006, p. 132-133, The Slovenian cash changeover
- 23/04/2007
- Article, Annual Report, 2006, p.106-110, Banknotes and coins,
- 19/04/2007
- Oil-bill recycling and extra-euro area exportsEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Revaluation of the Slovak koruna within ERM IIEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Sectoral employment developments in the euro areaEconomic Bulletin Issue 4, 2007
- 19/04/2007
- The 2007 update of the Integrated Policy Guidelines for the implementation of the Lisbon Strategy by the euro area member statesEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Gauging stock market uncertainty using option-implied distributionsEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Long-term real and inflation risk premia in the euro area bond marketEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Long-term debt securities issuance by MFIs since the early 1990sEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Recent changes in the composition of growth in credit to euro area residentsEconomic Bulletin Issue 4, 2007
- 19/04/2007
- From government deficit to debt: bridging the gapEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Output growth differentials in the euro area: sources and implicationsEconomic Bulletin Issue 4, 2007
- 19/04/2007
- Communicating monetary policy to financial marketsEconomic Bulletin Issue 4, 2007
- 18/04/2007
- Occasional paper no. 61: Determinants of growth in the central and eastern European EU member states - a production function approach
- 18/04/2007
- Large banks and private equity-sponsored leveraged buyouts in the EU
- 12/04/2007
- How the euro became our money. A short history of the euro banknotes and coins
- 11/04/2007
- Risk measurement and systemic risk. Fourth joint central bank research conference 8-9 November 2005
- 05/04/2007
- Occasional paper no. 59: The ECB survey of professional forecasters (SPF) - A review after eight years' experience
- 30/03/2007
- Working paper no. 744: International financial linkages of Latin American banks: the effects of political risk and deposit dollarisation
- 30/03/2007
- Working paper no. 743: Credit market and macroeconomic volatility
- 30/03/2007
- Working paper no. 741: Sectoral money demand models for the euro area based on a common set of determinants
- 30/03/2007
- Occasional paper no. 58: Long-term growth prospects for the Russian economy
- 29/03/2007
- Monetary financial institutions and markets statistics sector manual
- 28/03/2007
- Occasional paper no. 57: Understanding price developments and consumer price indices in south-eastern Europe
- 28/03/2007
- Occasional paper no. 56: Assessing fiscal soundness: theory and practice
- 28/03/2007
- Financial Integration in Europe, March 2007
- 27/03/2007
- Working paper no. 742: The Eurosystem, the US Federal Reserve and the Bank of Japan: similarities and differences
Published in: Journal of Money, Credit, and Banking. October 2007; 39(7): 1785-1819.
- 27/03/2007
- Working paper no. 740: Transition economy convergence in a two-country model: implications for monetary integration
- 21/03/2007
- Working paper no. 739: Exchange rate pass-through in emerging markets
- 21/03/2007
- Working paper no. 736: Transaction costs and informational cascades in financial markets: Theory and experimental evidence.
- 21/03/2007
- Working paper no. 735: Market based compensation, price informativeness and short-term trading
- 15/03/2007
- Working paper no. 738: Commodity prices, money and inflation
Published in: Journal of Economics and Business (2010), 62, pp. 331-345
- 15/03/2007
- Working paper no. 737: Structural balances and revenue windfalls: the role of asset prices revisited
- 15/03/2007
- The effective exchange rates of the euro following the recent euro area and EU enlargementsEconomic Bulletin Issue 3, 2007
- 15/03/2007
- The fiscal policy requirements of the Treaty establishing the European Community and the Stability and Growth PactEconomic Bulletin Issue 3, 2007
- 15/03/2007
- ECB staff macroeconomic projections for the euro areaEconomic Bulletin Issue 3, 2007
- 15/03/2007
- European Commission investment surveyEconomic Bulletin Issue 3, 2007
- 15/03/2007
- A detailed look at HICP changes in January each year and a comparison with developments in other monthsEconomic Bulletin Issue 3, 2007
- 15/03/2007
- Changes in bank lending rates and new housing loans in the euro areaEconomic Bulletin Issue 3, 2007
- 15/03/2007
- The development of international ages between government bond yield curves in the euro area and the United StatesEconomic Bulletin Issue 3, 2007
- 15/03/2007
- Liquidity conditions and monetary policy operations from 8 November 2006 to 13 February 2007Economic Bulletin Issue 3, 2007
- 08/03/2007
- Annual Accounts 2006
- 08/03/2007
- ECB staff macroeconomic projections for the euro area
- 08/03/2007
- TARGET2-Securities - Economic feasibility
- 08/03/2007
- TARGET2-Securities - Legal feasibility
- 08/03/2007
- TARGET2-Securities - Operational feasibility
- 08/03/2007
- TARGET2-Securities - Technical feasiblity
- 08/03/2007
- TARGET2-Securities - The blueprint
- 01/03/2007
- Occasional paper no. 55: Globalisation and euro area trade - interactions and challenges
- 28/02/2007
- List of Monetary Financial Institutions (MFI) and Institutions subject to minimum reserves
- 28/02/2007
- Euro area balance of payments and international investment position statistics - 2006 quality report
- 23/02/2007
- Working paper no. 734: Inflation risk premia in the term structure of interest rates
- 23/02/2007
- Working paper no. 733: Mortgage interest rate dispersion in the euro area
- 23/02/2007
- Working paper no. 732: Liquidity shocks and asset price boom/bust cycles
- 23/02/2007
- Working paper no. 731: International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector
Published in: Applied Economics (2010), Volume 42, Issue 24, pp. 3045-3066.
- 20/02/2007
- Working paper no. 728: Price changes in Finland: some evidence from micro CPI data.
- 20/02/2007
- Working paper no. 721: Are survey-based inflation expections in the euro area informative?
- 19/02/2007
- Working paper no. 730: What drives business cycles and international trade in emerging market economies?
- 19/02/2007
- Working paper no. 729: Fast micro and slow macro: can aggregation explain the persistence of inflation?
Published in: Journal of Monetary Economics (forthcoming)
- 15/02/2007
- The introduction of harmonised competitiveness indicators for euro area countriesEconomic Bulletin Issue 2, 2007
- 15/02/2007
- Recent developments in constructionEconomic Bulletin Issue 2, 2007
- 15/02/2007
- Results of the ECB Survey of Professional Forecasters for the first quarter of 2007Economic Bulletin Issue 2, 2007
- 15/02/2007
- Stock prices and earnings in the euro areaEconomic Bulletin Issue 2, 2007
- 15/02/2007
- The results of the January 2007 bank lending survey for the euro areaEconomic Bulletin Issue 2, 2007
- 15/02/2007
- Implications of the entry of Slovenia into the euro area for monetary statisticsEconomic Bulletin Issue 2, 2007
- 15/02/2007
- Migrant remittances to regions neighbouring the EUEconomic Bulletin Issue 2, 2007
- 15/02/2007
- The EU arrangements for financial crisis managementEconomic Bulletin Issue 2, 2007
- 15/02/2007
- Challenges to fiscal sustainability in the euro areaEconomic Bulletin Issue 2, 2007
- 15/02/2007
- Financial statistics for a global economy - Proceedings of the 3rd ECB conference on statistics
- 14/02/2007
- Working paper no. 727: Price setting in the euro area: some stylised facts from individual producer price data
Published in: Journal of Money, Credit and Banking, Vol 44 (8), December 2012: pp 1631-1650
- 14/02/2007
- Working paper no. 726: Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions
Published in: Forthcoming in International Journal of Central Banking
- 13/02/2007
- Working paper no. 725: Inflation Forecasts, monetary policy and unemployment dynamics: evidence from the US and the euro area
Published in: Economic Modelling (forthcoming)
- 13/02/2007
- Euro Money Market Study 2006
- 09/02/2007
- The euro area bank lending survey
- 06/02/2007
- Working paper no. 722: Shocks and frictions in US business cycles: a Bayesian DSGE approach
Published in: American Economic Review, June 2007; 97(3): 586-606
- 02/02/2007
- Working paper no. 724: The transmission of emerging market shocks to global equity markets
Published in: Journal of Empirical Finance, vol. 16 (2009), p. 2-19
- 02/02/2007
- Working paper no. 723: Asset allocation by penalized least squares
- 02/02/2007
- Working paper no. 720: Real price and wage rigidities in a model with matching frictions
- 30/01/2007
- Letter from the ECB President to Ms Pervenche Berès Chairwoman of the Committee on Economic and Monetary Affairs, European Parliament
- 30/01/2007
- Letter from the ECB President to Mr Jean-Marie Cavada, Chairman of the Committee on Civil Liberties, Justice and Home Affairs, European Parliament
- 25/01/2007
- Working paper no. 719: US imbalances: the role of technology and policy
Published in: Journal of International Money and Finance. June 2007; 26(4): 523-45
- 18/01/2007
- Explaining changes in the net international investment position of the euro areaEconomic Bulletin Issue 1, 2007
- 18/01/2007
- Developments in survey data on limits to manufacturing productionEconomic Bulletin Issue 1, 2007
- 18/01/2007
- The role of base effects in driving recent and prospective developments in HICP inflationEconomic Bulletin Issue 1, 2007
- 18/01/2007
- Factors underlying the strong acceleration of loans to euro area non-financial corporationsEconomic Bulletin Issue 1, 2007
- 18/01/2007
- Developments in short-term debt securities within M3Economic Bulletin Issue 1, 2007
- 18/01/2007
- Putting China's economic expansion in perspectiveEconomic Bulletin Issue 1, 2007
- 18/01/2007
- Developments in the structural features of euro area labour markets over the last decadeEconomic Bulletin Issue 1, 2007
- 18/01/2007
- The enlarged EU and euro area economyEconomic Bulletin Issue 1, 2007
- 16/01/2007
- Working paper no. 718: Drift and breaks in labor productivity
Published in: Journal of Economic Dynamics and Control, 31, pp. 2847-2877
- 16/01/2007
- Working paper no. 717: Discretion rather than rules? When is discretionary policy-making better than the timeless perspective?
Published in: “Discretion Rather Than Rules? When Is Discretionary Policymaking Better Than the Timeless Perspective?”, International Journal of Central Banking (2010), Vol. 6, No 2, pp. 1-29.
- 16/01/2007
- Working paper no. 716: Adjusting to the euro
- 16/01/2007
- Working paper no. 715: Emerging Asia's growth and integration: how autonomous are business cycles?
- 16/01/2007
- Working paper no. 714: The dynamics of bank spreads and financial structure
- 16/01/2007
- Working paper no. 713: Balance of payment crises in emerging markets: how early were the “early” warning signals?
Published in: Applied Economics (forthcoming)
- 16/01/2007
- Working paper no. 712: Opening the black box: structural factor models with large cross-sections
Published in: Econometric Theory (2009), 25(05), pp. 1319-1347.
- 16/01/2007
- Working paper no. 711: What “hides” behind sovereign debt ratings?
Published in: International Journal of Finance and Economics, Vol 16 (1), January 2011 as "Short and Long-run Determinants of Sovereign Debt Credit Ratings": pp 1–15.
- 16/01/2007
- Working paper no. 710: Pricing of settlement link services and mergers of central securities depositories
- 16/01/2007
- Working paper no. 709: Quantifying and sustaining welfare gains from monetary commitment
Published in: Journal of Monetary Economics, 55(7), 1253-1278, November 2008.
- 12/01/2007
- Working paper no. 708: Regional housing market spillovers in the US: lessons from regional divergences in a common monetary policy setting
- 12/01/2007
- Working paper no. 707: Ramsey monetary policy with labour market frictions
Published in: Journal of Monetary Economics (2009), 56(4), pp. 570-81.