Publications published in 2006
-
28/12/2006
What drives investors’ behaviour in different FX market segments? A VAR-based return decomposition analysis (Working Paper No. 706), by Olli Castrén, Chiara Osbat and Matthias Sydow,
621 kb,
en
-
28/12/2006
What does a technology shock do? A VAR analysis with model-based sign restrictions (Working Paper No. 705), by Luca Dedola and Stefano Neri,
691 kb,
en
Published in: Journal of Monetary Economics, March 2007; 54(2): 512-49
-
28/12/2006
Comovements in volatility in the euro money market (Working Paper No. 703), by Nuno Cassola and Claudio Morana,
1438 kb,
en
Published in: Journal of International Money and Finance (forthcoming)
-
28/12/2006
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties,
1237 kb,
da .
de .
el .
en .
es .
fi .
fr .
it .
nl .
pt .
sl .
sv
[online only]
-
22/12/2006
Are money and consumption additively separable in the euro area? A non-parametric approach (Working Paper No. 704), by Barry E. Jones and Livio Stracca,
673 kb,
en
-
22/12/2006
Payment and securities settlement systems in the European Union and in the acceding countries - addendum incorporating 2005 data (Blue Book, December 2006),
2945 kb,
en
Press release:
en
-
21/12/2006
Acceptance criteria for third-party rating tools within the Eurosystem credit assessment framework,
201 kb,
en
-
21/12/2006
Extension of the transmission period laid down in the ECB Banknote Recycling Framework for six euro area countries,
142 kb,
bg .
cs .
da .
de .
el .
en .
es .
et .
fi .
fr .
hu .
it .
lt .
lv .
mt .
nl .
pl .
pt .
ro .
sk .
sl .
sv
-
20/12/2006
Comparing financial systems: a structural analysis (Working Paper No. 702), by Sylvain Champonnois,
1416 kb,
en
-
20/12/2006
Is there a single frontier in a single European banking market? (Working Paper No. 701), by Jaap W. B. Bos and Heiko Schmiedel,
660 kb,
en
-
20/12/2006
Forecasting using a large number of predictors: Is Bayesian regression a valid alternative to principal components? (Working Paper No. 700), by Christine De Mol, Domenico Giannone and Lucrezia Reichlin,
640 kb,
en
Published in: Journal of Econometrics, October 2008; 146(2): 318-28
-
20/12/2006
The behaviour of producer prices: some evidence from the French PPI micro data (Working Paper No. 699), by Erwan Gautier,
699 kb,
en
Published in: Empirical Economics (forthcoming)
-
20/12/2006
Research Bulletin No. 5,
202 kb,
en
Press release:
en
-
19/12/2006
Assessment of accounting standards from a financial stability perspective,
832 kb,
en
[online only]
Press release:
en
-
18/12/2006
The European Central Bank - History, role and functions, Second revised edition,
1519 kb,
cs .
da .
de .
el .
en .
es .
et .
fi .
fr .
hu .
it .
lv .
mt .
nl .
pl .
pt .
sk .
sl .
sv
[online only]
-
14/12/2006
Statistics Pocket Book, December 2006,
269 kb,
en
-
14/12/2006
Monthly Bulletin, December 2006,
1684 kb,
en
-
11/12/2006
Financial Stability Review, December 2006,
2749 kb,
en
Press release:
en
-
07/12/2006
-
05/12/2006
-
23/11/2006
Optimal monetary policy rules with labor market frictions (Working Paper No. 698), by Ester Faia,
560 kb,
en
Published in: Journal of Economic Dynamics and Control, May 2008, 32(5): pp. 1357-1720
-
20/11/2006
Third progress report on TARGET2,
61 kb,
en
[online only]
Press release:
en
-
20/11/2006
-
17/11/2006
How wages change: micro evidence from the International Wage Flexibility Project (Working Paper No. 697), by William T. Dickens, Lorenz Götte, Erica L. Groshen, Steinar Holden, Julián Messina, Mark E. Schweitzer, Jarkko Turunen and Melanie Ward-Warmedinger,
605 kb,
en
Published in: Journal of Economic Perspectives, 21(2), Spring 2007, pp. 195-214.
-
17/11/2006
What is global excess liquidity, and does it matter? (Working Paper No. 696), by Rasmus Rüffer and Livio Stracca,
812 kb,
en
-
17/11/2006
Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy? (Working Paper No. 695), by Helge Berger, Michael Ehrmann and Marcel Fratzscher,
557 kb,
en
-
17/11/2006
Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar (Working Paper No. 694), by Elias Papaioannou, Richard Portes and Gregorios Siourounis,
683 kb,
en
-
17/11/2006
Evaluating China’s integration in world trade with a gravity model based benchmark (Working Paper No. 693), by Matthieu Bussière and Bernd Schnatz,
544 kb,
en
Published in: Open Economies Review (forthcoming)
-
17/11/2006
Bayesian inference in cointegrated VAR models: with applications to the demand for euro area M3 (Working Paper No. 692), by Anders Warne,
568 kb,
en
-
17/11/2006
The yield curve as a predictor and emerging economies (Working Paper No. 691), by Arnaud Mehl,
635 kb,
en
Published in: Open Economies Review (forthcoming)
-
17/11/2006
Quantitative quality indicators for statistics – an application to euro area balance of payment (Occasional Paper No. 54), by Violetta Damia and Carmen Picón Aguilar,
956 kb,
en
-
13/11/2006
The ESCB’s governance structure as applied to ESCB statistics,
45 kb,
en
-
13/11/2006
-
09/11/2006
Statistics Pocket Book, November 2006,
267 kb,
en
-
09/11/2006
Monthly Bulletin, November 2006,
3628 kb,
en
-
09/11/2006
Article, Monthly Bulletin November 2006, p.67-81, Monetary policy "activism",
219 kb,
en
-
09/11/2006
Article, Monthly Bulletin November 2006, p.83-91, The Eurosystem's experience with fine-tuning operations at the end of the reserve maintenance period,
201 kb,
en
-
09/11/2006
Article, Monthly Bulletin November 2006, p.93-104, Financial development in central, eastern and south-eastern Europe,
205 kb,
en
-
07/11/2006
EU banking sector stability,
900 kb,
en
Press release:
en
-
30/10/2006
Optimal simple monetary policy rules and non-atomistic wage setters in a New-Keynesian framework (Working Paper No. 690), by Stefano Gnocchi,
883 kb,
en
-
30/10/2006
The effect of financial development on the investment cash flow relationship: cross-country evidence from Europe (Working Paper No. 689), by Bo Becker and Jagadeesh Sivadasan,
535 kb,
en
-
30/10/2006
Determinants of workers’ remittances: evidence from the European Neighbouring Region (Working Paper No. 688), by Ioana Schiopu and Nikolaus Siegfried,
638 kb,
en
-
30/10/2006
Credit growth in Central and Eastern Europe: new (over)shooting stars? (Working Paper No. 687), by Balázs Egert, Peter Backé and Tina Zumer,
615 kb,
en
-
30/10/2006
Stale information, shocks and volatility (Working Paper No. 686), by Reint Gropp and Arjan Kadareja,
2131 kb,
en
-
27/10/2006
Home bias in global bond and equity markets: the role of real exchange rate volatility (Working Paper No. 685), by Michael Fidora, Marcel Fratzscher and Christian Thimann,
656 kb,
en
Published in: Journal of International Money and Finance 26: 631-55, June 2007.
-
27/10/2006
Inflation dynamics and regime shifts (Working Paper No. 684), by Julia Lendvai,
823 kb,
en
-
27/10/2006
Financial integration of new EU Member States (Working Paper No. 683), by Lorenzo Cappiello, Bruno Gérard, Arjan Kadareja and Simone Manganelli,
1593 kb,
en
-
26/10/2006
Cross-border labour mobility within an enlarged EU (Occasional Paper No. 52), by Frigyes Ferdinand Heinz and Melanie Ward-Warmedinger,
749 kb,
en
-
25/10/2006
EU banking structures,
1105 kb,
en
Press release:
en
-
23/10/2006
Recent developments in supervisory structures in EU and acceding countries,
167 kb,
en
[online only]
-
20/10/2006
Labour productivity developments in the euro area (Occasional Paper No. 53), by Ramón Gómez-Salvador, Alberto Musso, Marc Stocker and Jarkko Turunen,
795 kb,
en
-
20/10/2006
National central banks and Community public sector procurement legislation: a critical overview (Legal Working Paper No. 3), by Jorge García-Andrade and Phoebus Athanassiou,
870 kb,
en
-
18/10/2006
TARGET2 - from TARGET to TARGET2 innovation and transformation, brochure,
1362 kb,
en
-
16/10/2006
SEPA, The Single Euro Payments Area - an introduction,
258 kb,
en
-
13/10/2006
Is reversion to PPP in euro exchange rates non-linear? (Working Paper No. 682), by Bernd Schnatz,
588 kb,
en
Published in: International Economics and Economic Policy, 4, 3, 281-297, November 2007.
-
13/10/2006
Regional inflation dynamics within and across euro area countries and a comparison with the US (Working Paper No. 681), by Günter W. Beck, Kirstin Hubrich and Massimiliano Marcellino,
2331 kb,
en
Published in: Economic Policy, January 2009, pp. 141-184
-
13/10/2006
Comparing alternative predictors based on large-panel factor models (Working Paper No. 680), by Antonello D’Agostino and Domenico Giannone,
1120 kb,
en
-
12/10/2006
Statistics Pocket Book, October 2006,
282 kb,
en
-
12/10/2006
Monthly Bulletin, October 2006,
1613 kb,
en
-
12/10/2006
Article, Monthly Bulletin October 2006, p.65-77, Integrated financial and non-financial accounts for the institutional sectors in the euro area,
197 kb,
en
-
12/10/2006
Article, Monthly Bulletin October 2006, p.49-64, Demographic change in the euro area: projections and consequences,
165 kb,
en
-
29/09/2006
Monetary policy in the media (Working Paper No. 679), by Helge Berger, Michael Ehrmann and Marcel Fratzscher,
491 kb,
en
-
29/09/2006
The geography of international portfolio flows, international CAPM and the role of monetary policy frameworks (Working Paper No. 678), by Roberto A. De Santis,
1028 kb,
en
Published in: International Journal of Central Banking (forthcoming)
-
29/09/2006
What drives EU banks’ stock returns? Bank-level evidence using the dynamic dividend-discount model (Working Paper No. 677), by Olli Castrén, Trevor Fitzpatrick and Matthias Sydow,
1259 kb,
en
-
29/09/2006
The distribution of contract durations across firms: a unified framework for understanding and comparing dynamic wage and price setting models (Working Paper No. 676), by Huw Dixon,
827 kb,
en
-
29/09/2006
Indicators of financial integration in the euro area,
1015 kb,
en
Press release:
en
-
21/09/2006
TARGET2-Securities brochure,
1869 kb,
en
-
20/09/2006
-
15/09/2006
-
11/09/2006
Expansionary fiscal consolidations in Europe: new evidence (Working Paper No. 675), by António Afonso,
618 kb,
en
Published in: Applied Economics Letters (forthcoming)
-
11/09/2006
A quasi maximum likelihood approach for large approximate dynamic factor models (Working Paper No. 674), by Catherine Doz, Domenico Giannone and Lucrezia Reichlin,
590 kb,
en
-
07/09/2006
Monthly Bulletin, September 2006,
1936 kb,
en
-
07/09/2006
Statistics Pocket Book, September 2006,
282 kb,
en
-
01/09/2006
Optimal monetary policy in the generalized Taylor economy (Working Paper No. 673), by Engin Kara,
672 kb,
en
-
01/09/2006
Understanding inflation persistence: a comparison of different models (Working Paper No. 672), by Huw Dixon and Engin Kara,
1119 kb,
en
-
31/08/2006
-
28/08/2006
Business cycle synchronisation in East Asia (Working Paper No. 671), by Fabio Moneta and Rasmus Rüffer,
679 kb,
en
Published in: Journal of Asian Economics, 2009, 20(1): 1-12
-
28/08/2006
Macroeconomic implications of demographic developments in the euro area (Occasional Paper No. 51), by Angela Maddaloni, Alberto Musso, Philipp Rother, Melanie Ward-Warmedinger and Thomas Westermann,
1170 kb,
en
-
23/08/2006
The importance of being mature: the effect of demographic maturation on global per-capita GDP (Working Paper No. 670), by Rafael Gómez and Pablo Hernández de Cos,
465 kb,
en
-
18/08/2006
Regular adjustment: theory and evidence (Working Paper No. 669), by Jerzy (Jurek) D. Konieczny and Fabio Rumler,
587 kb,
en
-
17/08/2006
Declining valuations and equilibrium bidding in central bank refinancing operations (Working Paper No. 668), by Christian Ewerhart, Nuno Cassola and Natacha Valla,
595 kb,
en
Published in: International Journal of Industrial Organisation (forthcoming)
-
17/08/2006
The behaviour of the real exchange rate: evidence from regression quantiles (Working Paper No. 667), by Kleopatra Nikolaou,
1146 kb,
en
-
17/08/2006
Quantifying the impact of structural reforms (Working Paper No. 666), by Ekkehard Ernst, Gang Gong, Willi Semmler and Lina Bukeviciute,
680 kb,
en
-
17/08/2006
The euro as invoicing currency in international trade (Working Paper No. 665), by Annette Kamps,
570 kb,
en
-
11/08/2006
Implications for liquidity from innovation and transparency in the European corporate bond market (Occasional Paper No. 50), by Marco Laganá, Martin Peřina, Isabel von Köppen-Mertes and Avinash Persaud,
744 kb,
en
-
10/08/2006
Monthly Bulletin, August 2006,
1647 kb,
en
-
10/08/2006
Statistics Pocket Book, August 2006,
728 kb,
en
-
10/08/2006
Article, Monthly Bulletin August 2006, p.59-72, Sectoral money holding: determinants and recent developments,
164 kb,
en
-
10/08/2006
Article, Monthly Bulletin August 2006, p.73-81, The evolution of large-value payment systems in the euro area,
143 kb,
en
-
07/08/2006
-
03/08/2006
Credit risk mitigation in central bank operations and its effects on financial markets: the case of the Eurosystem (Occasional Paper No. 49), by Ulrich Bindseil and Francesco Papadia,
817 kb,
en
-
27/07/2006
Fiscal convergence before entering the EMU (Working Paper No. 664), by Luca Onorante,
597 kb,
en
-
27/07/2006
Monetary conservatism and fiscal policy (Working Paper No. 663), by Klaus Adam and Roberto M. Billi,
730 kb,
en
-
27/07/2006
Cross-border bank contagion in Europe (Working Paper No. 662), by Reint Gropp, Marco Lo Duca and Jukka Vesala,
887 kb,
en
Published in: International Journal of Central Banking, March 2009, 5(1), pp. 97-140
-
24/07/2006
Fiscal policy in a monetary economy with capital and finite lifetime (Working Paper No. 661), by Barbara Annicchiarico, Nicola Giammarioli and Alessandro Piergallini,
600 kb,
en
-
24/07/2006
Communication on TARGET2,
176 kb,
en
TARGET2 participation and pricing [online only]
Press release:
en
-
20/07/2006
The Italian block of the ESCB multi-country model (Working Paper No. 660), by Elena Angelini, Antonello D’Agostino and Peter McAdam,
1510 kb,
en
-
20/07/2006
Monetary policy rules in the pre-EMU era: Is there a common rule? (Working Paper No. 659), by Maria Eleftheriou, Dieter Gerdesmeier and Barbara Roffia,
824 kb,
en
-
20/07/2006
The response of firms‘ investment and financing to adverse cash flow shocks: the role of bank relationships (Working Paper No. 658), by Catherine Fuss and Philip Vermeulen,
635 kb,
en
Published in: Review of Business and Economics, January-March 2008, vol. 53(1), pp. 5-34.
-
20/07/2006
The impact of ECB monetary policy decisions and communication on the yield curve (Working Paper No. 657), by Claus Brand, Daniel Buncic and Jarkko Turunen,
714 kb,
en
Published in: Journal of the European Economic Association (revised version, forthcoming)
-
20/07/2006
Public debt and long-term interest rates: the case of Germany, Italy and the USA (Working Paper No. 656), by Paolo Paesani, Rolf Strauch and Manfred Kremer,
756 kb,
en
-
20/07/2006
Fiscal and monetary policy in the enlarged European Union (Working Paper No. 655), by Sabina Pogorelec,
748 kb,
en
-
18/07/2006
The German block of the ESCB multi-country model (Working Paper No. 654), by Igor Vetlov and Thomas Warmedinger,
814 kb,
en
-
18/07/2006
Acquisition versus greenfield: the impact of the mode of foreign bank entry on information and bank lending rates (Working Paper No. 653), by Sophie Claeys and Christa Hainz,
1102 kb,
en
-
17/07/2006
Consumer price adjustment under the microscope: Germany in a period of low inflation (Working Paper No. 652), by Johannes Hoffmann and Jeong-Ryeol Kurz-Kim,
1162 kb,
en
-
17/07/2006
On the determinants of external imbalances and net international portfolio flows: a global perspective (Working Paper No. 651), by Roberto A. De Santis and Melanie Lührmann,
481 kb,
en
Published in: Journal of International Money and Finance, 2009, 28: 880-901. Published as: "On the determinants of net international portfolio flows: a global perspective"
-
13/07/2006
Monthly Bulletin, July 2006,
1541 kb,
en
-
13/07/2006
Statistics Pocket Book, July 2006,
707 kb,
en
-
13/07/2006
Article, Monthly Bulletin July 2006, p.59-68, Measures of inflation expectations in the euro area,
130 kb,
en
-
13/07/2006
Article, Monthly Bulletin July 2006, p.69-79, Competitiveness and the export performance of the euro area,
139 kb,
en
-
04/07/2006
Macroeconomic and financial stability challenges for acceding and candidate countries (Occasional Paper No. 48),
2157 kb,
en
-
30/06/2006
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility (Working Paper No. 650), by Eric Hillebrand and Gunther Schnabl,
775 kb,
en
-
30/06/2006
Detecting and predicting forecast breakdowns (Working Paper No. 638), by Raffaella Giacomini and Barbara Rossi,
797 kb,
en
-
28/06/2006
Firm-specific production factors in a DSGE model with Taylor price setting (Working Paper No. 648), by Gregory de Walque, Frank Smets and Raf Wouters,
701 kb,
en
Published in: International Journal of Central Banking, September 2006; 2(3): 107-54
-
28/06/2006
The reform and implementation of the Stability and Growth Pact (Occasional Paper No. 47), by Richard Morris, Hedwig Ongena and Ludger Schuknecht,
1244 kb,
en
-
27/06/2006
Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers (Working Paper No. 649), by Campbell Leith and Leopold von Thadden,
690 kb,
en
Published in: Journal of Economic Theory, May 2008; 140(1): 279-313
-
27/06/2006
The economic effects of exogenous fiscal shocks in Spain: a SVAR approach (Working Paper No. 647), by Francisco de Castro Fernández and Pablo Hernández de Cos,
716 kb,
en
Published in: Journal of Macroeconomics, 30, September, pp. 1005-1028. doi: 10.1016/j-jmacro.2007.08.0009. Published as: “The Economic Effects of Fiscal Policy: the Case of Spain”.
-
27/06/2006
Are internet prices sticky? (Working Paper No. 645), by Patrick Lünnemann and Ladislav Wintr,
1112 kb,
en
-
26/06/2006
The Dutch block of the ESCB multi-country model (Working Paper No. 646), by Elena Angelini, Frédéric Boissay and Matteo Ciccarelli,
1075 kb,
en
-
26/06/2006
Adaptive learning, persistence, and optimal monetary policy (Working Paper No. 644), by Vítor Gaspar, Frank Smets and David Vestin,
433 kb,
en
Published in: Journal of the European Economic Association, April-May 2006; 4(2-3): 376-85
-
26/06/2006
Inflation forecast-based-rules and indeterminacy: a puzzle and a resolution (Working Paper No. 643), by Paul Levine, Peter McAdam and Joseph G. Pearlman,
586 kb,
en
Published in: International Journal of Central Banking, 2007, 3, 4, 77-110.
-
26/06/2006
Financing constraints and firms’ cash policy in the euro area (Working Paper No. 642), by Rozália Pál and Annalisa Ferrando,
620 kb,
en
-
26/06/2006
A factor risk model with reference returns for the US dollar and Japanese yen bond markets (Working Paper No. 641), by Carlos Bernadell, Joachim Coche and Ken Nyholm,
583 kb,
en
-
26/06/2006
Employment stickiness in small manufacturing firms (Working Paper No. 640), by Philip Vermeulen,
556 kb,
en
-
26/06/2006
Optimal monetary policy with uncertainty about financial frictions (Working Paper No. 639), by Richhild Moessner,
462 kb,
en
-
26/06/2006
Transparency, expectations, and forecasts (Working Paper No. 637), by Andrew Bauer, Robert Eisenbeis, Daniel Waggoner and Tao Zha,
715 kb,
en
Published in: Federal Reserve Bank of Atlanta Economic Review,1st Quarter, 2006; 91(1): 1-25
-
26/06/2006
Exchange rate stabilization in developed and underdeveloped capital markets (Working Paper No. 636), by Viera Chmelarova and Gunther Schnabl,
819 kb,
en
-
15/06/2006
Statistics Pocket Book, June 2006,
724 kb,
en
-
15/06/2006
Monthly Bulletin, June 2006,
1741 kb,
en
-
09/06/2006
Identifying the role of labor markets for monetary policy in an estimated DSGE model (Working Paper No. 635), by Kai Christoffel, Keith Kuester and Tobias Linzert,
1081 kb,
en
-
09/06/2006
Business continuity oversight expectations for systemically important payment systems (SIPS),
85 kb,
en
[online only]
Press release:
en
-
08/06/2006
-
01/06/2006
Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence (Occasional Paper No. 46), by Filippo Altissimo, Michael Ehrmann and Frank Smets,
1582 kb,
en
-
01/06/2006
Financial Stability Review,
2585 kb,
en
Press release:
en
-
26/05/2006
Expenditure reform in industrialised countries: a case study approach (Working Paper No. 634), by Sebastian Hauptmeier, Martin Heipertz and Ludger Schuknecht,
680 kb,
en
Published in: Fiscal Studies (2007), vol. 28, no. 3, pp. 293–342.
-
26/05/2006
Nowcasting GDP and inflation: the real-time informational content of macroeconomic data releases (Working Paper No. 633), by Domenico Giannone, Lucrezia Reichlin and David H. Small,
727 kb,
en
Published in: Journal of Monetary Economics, Vol. 55, No. 4, May 2008, Pages 665-676.
-
26/05/2006
Does information help recovering structural shocks from past observations? (Working Paper No. 632), by Domenico Giannone and Lucrezia Reichlin,
487 kb,
en
Published in: Journal of the European Economic Association, Volume 4, No. 2-3, April-May 2006, pp. 455-465; published as: When does more information help in recovering the structural shocks?
-
26/05/2006
Which news moves the euro area bond market? (Working Paper No. 631), by Magnus Andersson, Lars Jul Hansen and Szabolcs Sebestyén,
989 kb,
en
Published in: Forthcoming in German economic review
-
26/05/2006
Implications of monetary union for catching-up member states (Working Paper No. 630), by Marcelo Sánchez,
679 kb,
en
Published in: partly in Journal of Policy Modeling (forthcoming) and partly in Open Economies Review (forthcoming)
-
26/05/2006
A market microstructure analysis of foreign exchange intervention (Working Paper No. 629), by Paolo Vitale,
777 kb,
en
-
26/05/2006
Long-run money demand in the new EU Member States with exchange rate effects (Working Paper No. 628), by Christian Dreger, Hans-Eggert Reimers and Barbara Roffia,
584 kb,
en
-
26/05/2006
Euro area banking sector integration: using hierarchical cluster analysis techniques (Working Paper No. 627), by Christoffer Kok Sørensen and Josep Maria Puigvert Gutiérrez,
602 kb,
en
-
26/05/2006
Financial integration, international portfolio choice and the European Monetary Union (Working Paper No. 626), by Roberto A. De Santis and Bruno Gérard,
564 kb,
en
Published in: European Economic Review, 2009, 53: 1010-1027. Published as: "International portfolio reallocation: Diversification benefits and European Monetary Union"
-
26/05/2006
Sectoral explanations of employment in Europe: the role of services (Working Paper No. 625), by Antonello D’Agostino, Roberta Serafini and Melanie Ward-Warmedinger,
953 kb,
en
-
26/05/2006
Foreign reserves management subject to a policy objective (Working Paper No. 624), by Joachim Coche, Matti Koivu, Ken Nyholm and Vesa Poikonen,
484 kb,
en
-
22/05/2006
Output growth differentials across the euro area countries: some stylised facts (Occasional Paper No. 45), by Nicholai Benalal, Juan Luis Diaz del Hoyo, Beatrice Pierluigi and Nick Vidalis,
2063 kb,
en
-
19/05/2006
TARGET Annual Report 2005,
708 kb,
en
Press release:
en
-
16/05/2006
-
12/05/2006
Human capital, the structure of production, and growth (Working Paper No. 623), by Antonio Ciccone and Elias Papaioannou,
809 kb,
en
-
12/05/2006
Short-term forecasts of euro area real GDP growth: an assessment of real-time performance based on vintage data (Working Paper No. 622), by Marie Diron,
577 kb,
en
-
12/05/2006
Assessing predetermined expectations in the standard sticky-price model: a Bayesian approach (Working Paper No. 621), by Peter Welz,
785 kb,
en
-
12/05/2006
Does fiscal policy matter for the trade account? A panel cointegration study (Working Paper No. 620), by Katja Funke and Christiane Nickel,
409 kb,
en
-
11/05/2006
Statistics Pocket Book, May 2006,
725 kb,
en
-
11/05/2006
Monthly Bulletin, May 2006,
1532 kb,
en
-
11/05/2006
Article, Monthly Bulletin May 2006, p.61-73, The contribution of the ECB and the Eurosystem to European financial integration,
104 kb,
en
-
11/05/2006
Article, Monthly Bulletin May 2006, p.89-99, Equity issuance in the euro area,
125 kb,
en
-
11/05/2006
Article, Monthly Bulletin May 2006, p.75-87, The single list in the collateral framework of the Eurosystem,
120 kb,
en
-
05/05/2006
Cyclical inflation divergence and different labor market institutions in the EMU (Working Paper No. 619), by Alessia Campolmi and Ester Faia,
581 kb,
en
-
05/05/2006
The patterns and determinants of price setting in the Belgian industry (Working Paper No. 618), by David Cornille and Maarten Dossche,
789 kb,
en
Published in: Scandinavian Journal of Economics (forthcoming) und the title: "Some Evidence on the Adjustment of Producer Prices."
-
02/05/2006
New survey evidence on the pricing behaviour of Luxembourg firms (Working Paper No. 617), by Patrick Lünnemann and Thomas Y. Mathä,
994 kb,
en
-
01/05/2006
-
28/04/2006
Global financial transmission of monetary policy shocks (Working Paper No. 616), by Michael Ehrmann and Marcel Fratzscher,
684 kb,
en
Published in: Oxford Bulletin of Economics and Statistics (forthcoming)
-
28/04/2006
Quantitative goals for monetary policy (Working Paper No. 615), by Antonio Fatás, Ilian Mihov and Andrew K. Rose,
705 kb,
en
Published in: Journal of Money, Credit and Banking, August 2007; 39(5): 1163-76
-
28/04/2006
Expenditure switching vs. real exchange rate stabilization: competing objectives for exchange rate policy (Working Paper No. 614), by Michael B. Devereux and Charles Engel,
608 kb,
en
-
28/04/2006
Welfare-based monetary policy rules in an estimated DSGE model of the US economy (Working Paper No. 613), by Michel Juillard, Philippe Karam, Douglas Laxton and Paolo Pesenti,
764 kb,
en
-
28/04/2006
Optimal fiscal and monetary policy in a medium-scale macroeconomic model (Working Paper No. 612), by Stephanie Schmitt-Grohé and Martín Uribe,
556 kb,
en
-
28/04/2006
Monetary policy, determinacy, and learnability in the open economy (Working Paper No. 611), by James Bullard and Eric Schaling,
716 kb,
en
-
28/04/2006
Real-time model uncertainty in the United States: the Fed from 1996-2003 (Working Paper No. 610), by Robert J. Tetlow and Brian Ironside,
1281 kb,
en
-
28/04/2006
The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation (Working Paper No. 609), by Willem H. Buiter,
902 kb,
en
-
28/04/2006
How does information affect the comovement between interest rates and exchange rates? (Working Paper No. 608), by Marcelo Sánchez,
662 kb,
en
Published in: Rivista Internazionale di Scienze Sociali (forthcoming)
-
25/04/2006
-
25/04/2006
Article, Annual Report, 2005, p.100-104, Banknotes and coins,
131 kb,
en
-
20/04/2006
Price setting behaviour in the Netherlands: results of a survey (Working Paper No. 607), by Ad C.J. Stokman and Marco M. Hoeberichts,
523 kb,
en
-
20/04/2006
Measuring the importance of the uniform nonsynchronization hypothesis (Working Paper No. 606), by Daniel Dias, Carlos Robalo Marques and João M. C. Santos Silva,
442 kb,
en
-
20/04/2006
(Un)Predictability and macroeconomic stability (Working Paper No. 605), by Antonello D’Agostino, Domenico Giannone and Paolo Surico,
642 kb,
en
-
20/04/2006
A dynamic model of settlement (Working Paper No. 604), by Thorsten Volker Koeppl, Cyril Monnet and Ted Temzelides,
447 kb,
en
-
20/04/2006
Estimating multi-country VAR models (Working Paper No. 603), by Fabio Canova and Matteo Ciccarelli,
588 kb,
en
Published in: International Economic Review, 50(3), pp. 929-959.
-
20/04/2006
Job flow dynamics and firing restrictions: evidence from Europe (Working Paper No. 602), by Julián Messina and Giovanna Vallanti,
740 kb,
en
-
20/04/2006
Excess burden and the cost of inefficiency in public services provision (Working Paper No. 601), by António Afonso and Vítor Gaspar,
703 kb,
en
Published in: Public Choice, (2007), 132 (3-4): 485-502.
-
20/04/2006
A speed limit monetary policy rule for the euro area (Working Paper No. 600), by Livio Stracca,
576 kb,
en
Published in: International Finance, Spring 2007; 10(1): 21-41
-
12/04/2006
Statistics Pocket Book, April 2006,
725 kb,
en
-
12/04/2006
Monthly Bulletin, April 2006,
1582 kb,
en
-
12/04/2006
Article, Monthly Bulletin April 2006, p.87-97, Monetary and exchange rate arrangements of the euro area with selected third countries and territories,
115 kb,
en
-
12/04/2006
Article, Monthly Bulletin April 2006, p.75-86, Portfolio management at the ECB,
158 kb,
de .
el .
en .
es .
fr .
it .
pl
-
12/04/2006
Article, Monthly Bulletin April 2006, p.61-73, The importance of public expenditure reform for economic growth and stability,
124 kb,
en
-
10/04/2006
Structural issues report 2006 - Competition, productivity and prices in the euro area services sector (Occasional Paper No. 44), by Task Force of the Monetary Policy Committee of the ESCB,
1487 kb,
en
-
07/04/2006
ECB Statistics: An overview,
805 kb,
cs .
da .
de .
el .
en .
es .
et .
fi .
fr .
hu .
it .
lt .
lv .
mt .
nl .
pl .
pt .
sk .
sl .
sv
Update of 'Statistical information collected and compiled by the ESCB' (May 2000)
Press release:
en
-
01/04/2006
Research Bulletin No. 4,
160 kb,
en
-
23/03/2006
What effects is EMU having on the euro area and its member countries? An overview (Working Paper No. 599), by Francesco Paolo Mongelli and Juan Luis Vega,
576 kb,
en
-
23/03/2006
The impact of the euro on financial markets (Working Paper No. 598), by Lorenzo Cappiello, Peter Hördahl, Arjan Kadareja and Simone Manganelli,
2824 kb,
en
-
23/03/2006
Price setting and inflation persistence: did EMU matter? (Working Paper No. 597), by Ignazio Angeloni, Luc Aucremanne and Matteo Ciccarelli,
1014 kb,
en
Published in: Economic Policy, April 2006, 21(46): 353-387
-
23/03/2006
The effects of EMU on structural reforms in labour and product markets (Working Paper No. 596), by Romain Duval and Jørgen Elmeskov,
585 kb,
en
-
23/03/2006
Trends and cycles in the euro area: how much heterogeneity and should we worry about it? (Working Paper No. 595), by Domenico Giannone and Lucrezia Reichlin,
874 kb,
en
-
23/03/2006
The euro’s trade effects (Working Paper No. 594), by Richard E. Baldwin,
1648 kb,
en
-
10/03/2006
The application of multilingualism in the European Union context (Legal Working Paper No. 2), by Phoebus Athanassiou,
928 kb,
en
-
09/03/2006
Monthly Bulletin, March 2006,
1675 kb,
en
-
08/03/2006
The accumulation of foreign reserves (Occasional Paper No. 43),
815 kb,
en
-
06/03/2006
Payment and securities settlement systems in the European Union and in the acceding countries - addendum incorporating 2004 data (Blue Book),
3159 kb,
en
corrected version 31 March
Press release:
en
-
02/03/2006
-
01/03/2006
Statistics Pocket Book, March 2006,
722 kb,
en
-
28/02/2006
National implementation of regulation ECB/2001/13,
279 kb,
en
[online only]
-
28/02/2006
Methodological notes for the compilation of the revaluation adjustment February 2006,
1104 kb,
en
[online only]
-
28/02/2006
Handbook for the compilation of flows statistics on the MFI balance sheet February 2006,
350 kb,
en
[online only]
-
28/02/2006
List of Monetary Financial Instistutions (MFI) and Institutions subject to minimum reserves,
2852 kb,
en
-
24/02/2006
Robustifying learnability (Working Paper No. 593), by Robert J. Tetlow and Peter von zur Muehlen,
769 kb,
en
-
24/02/2006
Non-linear dynamics in the euro area demand for M1 (Working Paper No. 592), by Alessandro Calza and Andrea Zaghini,
512 kb,
en
Published in: Macroeconomic Dynamics (forthcoming)
-
24/02/2006
Cointegration in panel data with breaks and cross-section dependence (Working Paper No. 591), by Anindya Banerjee and Josep Lluís Carrion-i-Silvestre,
603 kb,
en
-
24/02/2006
The pecking order of cross-border investment (Working Paper No. 590), by Christian Daude and Marcel Fratzscher,
611 kb,
en
Published in: Journal of International Economics 74(1), 94-119, January 2008.
-
24/02/2006
The developing EU legal framework for clearing and settlement of financial instruments (Legal Working Paper No. 1), by Klaus M. Löber,
922 kb,
en
-
22/02/2006
Forecasting economic aggregates by disaggregates (Working Paper No. 589), by David F. Hendry and Kirstin Hubrich,
579 kb,
en
-
22/02/2006
Rational inattention, inflation developments and perceptions after the euro cash changeover (Working Paper No. 588), by Michael Ehrmann,
619 kb,
en
Published in: German Economic Review (forthcoming), as "Inflation developments and perceptions after the euro cash changeover".
-
22/02/2006
Determinants of business cycle synchronisation across euro area countries (Working Paper No. 587), by Uwe Böwer and Catherine Guillemineau,
1255 kb,
en
-
17/02/2006
Euro area balance of payments and international investment position statistics. Annual quality report, February 2006,
1850 kb,
en
Press release:
en
-
17/02/2006
Towards a single euro payments area - fourth progress report,
699 kb,
de .
el .
en .
es .
fi .
fr .
it .
nl .
pt .
sv
[with the exception of the English version, online only]
Press release:
de .
el .
en .
es .
fi .
fr .
it .
nl .
pt .
sv
-
09/02/2006
A method to generate structural impulse-responses for measuring the effects of shocks in structural macro models (Working Paper No. 586), by Andreas Beyer and Roger E. A. Farmer,
566 kb,
en
-
09/02/2006
Statistics Pocket Book, February 2006,
689 kb,
en
-
09/02/2006
Monthly Bulletin, February 2006,
1614 kb,
en
-
09/02/2006
Article, Monthly Bulletin February 2006, p.55-70, Assessing house price developments in the euro area,
143 kb,
en
-
09/02/2006
Article, Monthly Bulletin February 2006, p.71-84, Fiscal policies and financial markets,
140 kb,
en
-
07/02/2006
Are specific skills an obstacle to labor market adjustment? Theory and an application to the EU enlargement (Working Paper No. 585), by Ana Lamo, Julián Messina and Etienne Wasmer,
1353 kb,
en
-
31/01/2006
A new theory of forecasting (Working Paper No. 584), by Simone Manganelli,
533 kb,
en
-
31/01/2006
Back to square one: identification issues in DSGE models (Working Paper No. 583), by Fabio Canova and Luca Sala,
2129 kb,
en
-
31/01/2006
What accounts for the changes in U.S. fiscal policy transmission? (Working Paper No. 582), by Florin O. Bilbiie, André Meier and Gernot J. Müller,
822 kb,
en
-
31/01/2006
Public sector efficiency: evidence for new EU member states and emerging markets (Working Paper No. 581), by António Afonso, Ludger Schuknecht and Vito Tanzi,
591 kb,
en
Published in: Applied Economics (forthcoming)
-
20/01/2006
Euro Money Market Survey 2005,
160 kb,
en
Press release:
en
-
19/01/2006
Statistics Pocket Book, January 2006,
678 kb,
en
-
19/01/2006
Monthly Bulletin, January 2006,
1685 kb,
en
-
19/01/2006
Article, Monthly Bulletin January 2006, p.63-76, Hedge funds: Developments and policy implications,
141 kb,
en
-
19/01/2006
Article, Monthly Bulletin January 2006, p.51-61, The predictability of the ECB's monetary policy,
143 kb,
en
-
16/01/2006
Bank interest rate pass-through in the euro area: a cross country comparison (Working Paper No. 580), by Christoffer Kok Sørensen and Thomas Werner,
857 kb,
en
-
16/01/2006
A disaggregated framework for the analysis of structural developments in public finances (Working Paper No. 579), by Jana Kremer, Cláudia Rodrigues Braz, Teunis Brosens, Geert Langenus, Sandro Momigliano and Mikko Spolander,
912 kb,
en
-
16/01/2006
Forecasting ECB monetary policy: accuracy is (still) a matter of geography (Working Paper No. 578), by Helge Berger, Michael Ehrmann and Marcel Fratzscher,
676 kb,
en
Published in: European Economic Review, as "Forecasting ECB Monetary Policy: accuracy is a matter of Geography" (forthcoming)
-
16/01/2006
Distortionary taxation, debt, and the price level (Working Paper No. 577), by Andreas Schabert and Leopold von Thadden,
580 kb,
en
Published in: Journal of Money, Credit and Banking, 2009, 41(1):159-188 (forthcoming)
-
16/01/2006
Debt stabilizing fiscal rules (Working Paper No. 576), by Philippe Michel, Leopold von Thadden and Jean-Pierre Vidal,
787 kb,
en
-
13/01/2006
Growth in euro area labour quality (Working Paper No. 575), by Guido Schwerdt and Jarkko Turunen,
628 kb,
en
Published in: Review of Income and Wealth, 53(4), December 2007
-
13/01/2006
Inflation convergence and divergence within the European Monetary Union (Working Paper No. 574), by Fabio Busetti, Lorenzo Forni, Andrew Harvey and Fabrizio Venditti,
781 kb,
en
-
13/01/2006
Credit chains and the propagation of financial distress (Working Paper No. 573), by Frédéric Boissay,
668 kb,
en
-
13/01/2006
Information, habits, and consumption behavior: evidence from micro data (Working Paper No. 572), by Mika Kuismanen and Luigi Pistaferri,
680 kb,
en
-
13/01/2006
Are emerging market currency crises predictable? A test (Working Paper No. 571), by Tuomas A. Peltonen,
743 kb,
en
-
13/01/2006
Data collection from credit institutions and other professional cash handlers under the Framework for banknote recycling [online only],
144 kb,
bg .
cs .
da .
de .
el .
en .
es .
et .
fi .
fr .
hu .
it .
lt .
lv .
mt .
nl .
pl .
pt .
ro .
sk .
sl .
sv
-
10/01/2006
Household debt sustainability: what explains household non-performing loans? An empirical analysis (Working Paper No. 570), by Laura Rinaldi and Alicia Sanchis-Arellano,
632 kb,
en
-
02/01/2006
Bond markets and long-term interest rates in non-euro area Member States of the European Union and in acceding countries - Addendum incorporating 2004 figures,
757 kb,
en
[online only]
Press release:
en
-
back to top
Cross-navigation Menu
History
