Navigation Path: Home > Publications > Research & Paper Series > Working paper series > By date

Working papers published in 2013

In-depth studies for experts

Our Working Paper Series (WPS) disseminates economic research relevant to the various tasks and functions of the ECB, and provides a conceptual and empirical basis for policy-making. The Working Papers constitute “work in progress”. They are published to stimulate discussion and contribute to the advancement of our knowledge of economic matters. They are addressed to experts, so readers should be knowledgeable in economics.

Disclaimer: Please keep in mind that the papers are published in the name of the author(s). Their views do not necessarily reflect those of the ECB.

Availability: Starting from January 2009 (from WP No 989 onwards) ECB Working Papers are available online only. Hard copies of earlier Working Papers can still be obtained free of charge, stock permitting, by contacting info@ecb.europa.eu.

Receive automatic updates

Get updated on latest Working Paper releases by RSS news feed: rss logo http://www.ecb.europa.eu/rss/wppub.html. What is an RSS news feed?

No. 1557

On the international spillovers of US quantitative easing
Marcel Fratzscher, Marco Lo Duca, Roland Straub

19 Jun 2013
- Abstract
- 860 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1556

Measuring institutional competitiveness in Europe
Stefan Huemer, Beatrice Scheubel, Florian Walch

18 Jun 2013
- Abstract
- 1.1 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1555

Hidden gems and borrowers with dirty little secrets: investment in soft information, borrower self-selection and competition
Reint Gropp, Christian Gruendl, Andre Guettler

12 Jun 2013
- Abstract
- 647 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1554

Business groups as hierarchies of firms: determinants of vertical integration and performance
Carlo Altomonte, Armando Rungi

12 Jun 2013
- Abstract
- 1.27 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1553

How important is tourism for the international transmission of cyclical fluctuations? Evidence from the Mediterranean
Fabio Canova, Pietro Dallari

12 Jun 2013
- Abstract
- 1.18 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1552

GDP-Inflation cyclical similarities in the CEE countries and the euro area
Corrado Macchiarelli

10 Jun 2013
- Abstract
- 1.28 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1551

Bubbles, bank credit and macroprudential policies
Alexis Derviz

10 Jun 2013
- Abstract
- 741 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1550

Forecasting fiscal time series using mixed frequency data
Stylianos Asimakopoulos, Joan Paredes, Thomas Warmedinger

22 May 2013
- Abstract
- 1 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1549

Optimal CSD reshaping towards T2S
Fabien Mercier, Stephan Sauer

14 May 2013
- Abstract
- 2.09 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1548

Large global volatility shocks, equity markets and globalisation: 1885-2011
Arnaud Mehl

14 May 2013
- Abstract
- 1.47 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1547

Current account reversals in industrial countries: does the exchange rate regime matter?
Cosimo Pancaro

13 May 2013
- Abstract
- 858 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1546

How useful is the marginal expected shortfall for the measurement of systemic exposure? A practical assessment
Julien Idier, Gildas Lamé, Jean-Stéphane Mésonnier

13 May 2013
- Abstract
- 727 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1545

Catching falling knives: speculating on market overreaction
Jean-Edouard Colliard

10 May 2013
- Abstract
- 5.33 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1544

House prices, home equity and entrepreneurships
Stefano Corradin, Alexander Popov

10 May 2013
- Abstract
- 872 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1543

Financial imbalances and household welfare: empirical evidence from the EU
Livio Stracca

03 May 2013
- Abstract
- 924 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1542

Central bank liquidity provision, risk-taking and economic efficiency
Ulrich Bindseil, Juliusz Jabłecki

03 May 2013
- Abstract
- 1.1 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1541

Building a financial conditions index for the euro area and selected euro area countries: what does it tell us about the crisis?
Eleni Angelopoulou, Hiona Balfoussia, Heather Gibson

02 May 2013
- Abstract
- 1.32 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1540

Can macroeconomists forecast risk? Event-based evidence from the euro area SPF
Geoff Kenny, Thomas Kostka, Federico Masera

26 Apr 2013
- Abstract
- 820 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1539

Competition in bank-provided payment services
Wilko Bolt, David Humphrey

24 Apr 2013
- Abstract
- 674 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1538

Retained interests in securitisations and implications for bank solvency
Anna Sarkisyan, Barbara Casu

24 Apr 2013
- Abstract
- 684 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1537

Prediction using several macroeconomic models
Gianni Amisano, John Geweke

23 Apr 2013
- Abstract
- 1.13 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1536

Predictive likelihood comparisons with DSGE and DSGE-VAR models
Anders Warne, Günter Coenen, Kai Christoffel

23 Apr 2013
- Abstract
- 1.04 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1535

Trade adjustment in the European Union - a structural estimation approach
Vesna Corbo, Chiara Osbat

16 Apr 2013
- Abstract
- 901 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1534

Spatial considerations on the PPP debate
Michele Ca' Zorzi, Alexander Chudik

16 Apr 2013
- Abstract
- 1 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1533

Optimal asset structure of a bank - bank reactions to stressful market conditions
Grzegorz Hałaj

15 Apr 2013
- Abstract
- 1.25 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1532

The euro exchange rate during the European sovereign debt crisis - dancing to its own tune?
Michael Ehrmann, Chiara Osbat, Jan Stráský, Lenno Uusküla

15 Apr 2013
- Abstract
- 1.04 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1531

Exploring the steady-state relationship between credit and GDP for a small open economy: the case of Ireland
Robert Kelly, Kieran McQuinn, Rebecca Stuart

10 Apr 2013
- Abstract
- 1.09 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1530

Innocent bystanders: how foreign uncertainty shocks harm exporters
Daria Taglioni, Veronika Zavacka

10 Apr 2013
- Abstract
- 974 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1529

Fiscal regimes in the EU
António Afonso, Priscilla Toffano

08 Apr 2013
- Abstract
- 1.83 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1528

The ECB’s non-standard monetary policy measures: the role of institutional factors and financial structure
Philippine Cour-Thimann, Bernhard Winkler

08 Apr 2013
- Abstract
- 1.07 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1527

Heterogeneous transmission mechanism: monetary policy and financial fragility in the euro area
Matteo Ciccarelli, Angela Maddaloni, José-Luis Peydró

25 Mar 2013
- Abstract
- 1.19 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1526

A dynamic limit order market with fast and slow traders
Peter Hoffmann

13 Mar 2013
- Abstract
- 762 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1525

Liquidity constraints, risk premia, and themacroeconomic effects of liquidity shocks
Ivan Jaccard

07 Mar 2013
- Abstract
- 788 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1524

Bank leverage cycles
Galo Nuño, Carlos Thomas

07 Mar 2013
- Abstract
- 792 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1523

Estimating GVAR weight matrices
Marco Gross

06 Mar 2013
- Abstract
- 1.7 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1522

What does a financial shock do? First international evidence
Fabio Fornari, Livio Stracca

06 Mar 2013
- Abstract
- 1.66 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1521

Financial frictions in the euro area: a Bayesian assessment
Stefania Villa

05 Mar 2013
- Abstract
- 1 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1520

The pricing of G7 sovereign bond spreads: the times, they are a-changin
Antonello D'Agostino, Michael Ehrmann

05 Mar 2013
- Abstract
- 1.27 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1519

Adverse selection, market access and inter-market competition
Peter Hoffmann

04 Mar 2013
- Abstract
- 699 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1518

Fiscal composition and long-term growth
António Afonso, João Tovar Jalles

04 Mar 2013
- Abstract
- 878 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1517

Employment duration and shifts into retirement in the EU
Ted Aranki, Corrado Macchiarelli

26 Feb 2013
- Abstract
- 849 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1516

Bank-firm relationships and the survival of non-financial firms during the financial crisis 2008-2009
Kim Abildgren, Birgitte Vølund Buchholst, Jonas Staghøj

15 Feb 2013
- Abstract
- 1.38 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1515

Non-performing loans: what matters in addition to the economic cycle?
Roland Beck, Petr Jakubik, Anamaria Piloiu

15 Feb 2013
- Abstract
- 640 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1514

Booms and systemic banking crises
Frederic Boissay, Fabrice Collard, Frank Smets

15 Feb 2013
- Abstract
- 1.19 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1513

Fiscal stimulus in times of high debt: reconsidering multipliers and twin deficits
Christiane Nickel, Andreas Tudyka

15 Feb 2013
- Abstract
- 2.24 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1512

Learning about wage and price mark-ups in euro area countries
Elena Angelini, Alistair Dieppe, Beatrice Pierluigi

13 Feb 2013
- Abstract
- 644 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1511

Fiscal consolidations and bank balance sheets
Jacopo Cimadomo, Sebastian Hauptmeier, Tom Zimmermann

11 Feb 2013
- Abstract
- 1.53 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1510

Macro-networks: an application to the euro area financial accounts
Olli Castrén, Michela Rancan

06 Feb 2013
- Abstract
- 2.3 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1509

On policymakers' loss function and the evaluation of early warning systems
Peter Sarlin
Published in: Economics Letters, Vol 119 (1): pp 1-7.

01 Feb 2013
- Abstract
- 692 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1508

A non-standard monetary policy shock: the ECB’s 3-year LTROs and the shift in credit supply
Matthieu Darracq Pariès, Roberto A. De Santis

24 Jan 2013
- Abstract
- 818 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1507

Panel vector autoregressive models: a survey
Fabio Canova, Matteo Ciccarelli

24 Jan 2013
- Abstract
- 1.68 MB Download
JEL Classification

loading...

Abstract

loading...
No. 1506

Assessing interbank contagion using simulated networks
Grzegorz Hałaj, Christoffer Kok Sørensen
Published in: Computational Management Science, Vol 10 (2), 2013: pp 157-186

24 Jan 2013
- Abstract
- 850 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1505

Interest rate volatility: a consol rate-based measure
Vincent Brousseau, Alain Durré

22 Jan 2013
- Abstract
- 552 kB Download
JEL Classification

loading...

Abstract

loading...
No. 1504

International R&D Spillovers: Technology Transfer vs. R&D Synergies
Alistair Dieppe, Jan Mutl

08 Jan 2013
- Abstract
- 695 kB Download
JEL Classification

loading...

Abstract

loading...

In order to view this page you need to have JavaScript enabled in your browser. To do so, please follow the instructions.

Cross-navigation Menu

Working papers views

2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 Full list

Working papers published in 2013

In-depth studies for experts

Receive automatic updates

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification

Abstract

JEL Classification