Publications published in 2000

21/12/2000
Forecasts by other institutionsEconomic Bulletin Issue 12, 2000
21/12/2000
Procedures and techniques used in Eurosystem staff economic projectionsEconomic Bulletin Issue 12, 2000
21/12/2000
Tax reforms in the euro areaEconomic Bulletin Issue 12, 2000
21/12/2000
Inflation differentials within the euro areaEconomic Bulletin Issue 12, 2000
21/12/2000
An analysis of price developments: The breakdown of the overall HICP into its main componentsEconomic Bulletin Issue 12, 2000
21/12/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 November 2000Economic Bulletin Issue 12, 2000
21/12/2000
Annual review of the reference value for monetary growthEconomic Bulletin Issue 12, 2000
20/12/2000
EU banks' margins and credit standards
20/12/2000
Mergers and acquisitions involving the EU banking industry - facts and implications
09/11/2000
Determinants of the "equilibrium" value of a currencyEconomic Bulletin Issue 11, 2000
09/11/2000
Lessons to be drawn from the oil price shocks of the 1970s and early 1980sEconomic Bulletin Issue 11, 2000
09/11/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 October 2000Economic Bulletin Issue 11, 2000
09/11/2000
Issues arising from the emergence of electronic moneyEconomic Bulletin Issue 11, 2000
09/11/2000
The two pillars of the ECB’s monetary policy strategyEconomic Bulletin Issue 11, 2000
09/11/2000
The single monetary policy in Stage Three: General documentation on Eurosystem monetary policy instruments and procedures
08/11/2000
European Union balance of payments/international investment position statistical methods
01/11/2000
Working paper no. 40: Financial structure and the interest rate channel of ECB monetary policy
Published in: Economie et Prevision Jan - March 2001; No. 147, 1, pp 89-115
01/11/2000
Working paper no. 39: A money demand system for euro area M3
Published in: Applied Economics, 2004, 36: pp817-838.
01/11/2000
Working paper no. 38: The optimal inflation tax when taxes are costly to collect
01/11/2000
Working paper no. 37: Business fixed investment: evidence of a financial accelerator in Europe
Published in: Oxford Bulletin of Economics and Statistics, July 2002 Vol 64, No 3, pp 213-231.
01/11/2000
Working paper no. 36: Measuring core inflation in the euro area
Published in: Studies in Nonlineair Dynamics & Econometrics: Vol 6: no. 3, Article 3 as "Common persistend factors in inflation and excess nominal money growth and a new measure of core inflation".
01/11/2000
Working paper no. 35: Systemic risk: A survey
Published in: Financial Crisis, Contagion and the Lender of Last Resort: A Book of Readings, ed by CAE Goodhart and G Illing, Oxford University Press, January 2002, pp 249-298.
29/10/2000
Statistical treatment of the Eurosystem's international reserves
12/10/2000
Different ways of calculating the growth rate of real GDPEconomic Bulletin Issue 10, 2000
12/10/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 September 2000Economic Bulletin Issue 10, 2000
12/10/2000
The ECB’s relations with institutions and bodies of the European CommunityEconomic Bulletin Issue 10, 2000
12/10/2000
Potential output growth and output gaps: concept, uses and estimatesEconomic Bulletin Issue 10, 2000
01/10/2000
Working paper no. 34: Capital market development, corporate governance and the credibility of exchange rate pegs
01/10/2000
Working paper no. 33: The information content of M3 for future inflation
Published in: Weltwirtschaftliches Archiv, 2002; issue 138, vol 1 pp 22-53.
21/09/2000
General government fiscal position in the euro area: a new presentationEconomic Bulletin Issue 9, 2000
21/09/2000
The sale of mobile telephone licences: impact on fiscal developmentsEconomic Bulletin Issue 9, 2000
21/09/2000
Revisions to employment figuresEconomic Bulletin Issue 9, 2000
21/09/2000
Trends in euro area services price developmentsEconomic Bulletin Issue 9, 2000
21/09/2000
Recent developments in long-term interest rate differentials between the United States and the euro areaEconomic Bulletin Issue 9, 2000
21/09/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 August 2000Economic Bulletin Issue 9, 2000
21/09/2000
Implications of the UMTS auctions for monetary and financial developmentsEconomic Bulletin Issue 9, 2000
20/09/2000
EPM: the ECB Payment Mechanism
14/09/2000
Improving cross-border retail payment services - Progress report
01/09/2000
Working paper no. 32: Can indeterminacy explain the short-run non-neutrality of money?
01/09/2000
Working paper no. 31: The disappearing tax base: is foreign direct investment eroding corporate income taxes?
Published in: Finance and Development, Vol 38 (2), June 2001 as "FDI and corporate tax revenue: Tax harmonisation or competition".
01/09/2000
Working paper no. 30: A small estimated euro area model with rational expectations and nominal rigidities
Published in: European Economic Review, 49(5), July 2005, 1081-1104.
01/09/2000
Working paper no. 29: The sources of unemployment fluctuations: an empirical application to the Italian case
Published in: Labour Economics, Vol 8 (2), May 2001: pp 259-289
31/08/2000
Seasonal adjustment of monetary aggregates and Consumer Price Indices (HICP) for the euro area
10/08/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 July 2000Economic Bulletin Issue 8, 2000
10/08/2000
The external trade of the euro area economy: stylised facts and recent trendsEconomic Bulletin Issue 8, 2000
10/08/2000
Price and cost indicators for the euro area: an overviewEconomic Bulletin Issue 8, 2000
03/08/2000
Statistical requirements of the European Central Bank in the field of general economic statistics
01/08/2000
Working paper no. 28: Learning, uncertainty and central bank activism in an economy with strategic interactions
Published in: Journal of Monetary Economics, Vol 48 (1), August 2001: pp 153-171
01/08/2000
Working paper no. 27: This is what the US leading indicators lead
Published in: Journal of Applied Econometrics, January-February, 2002, issue 17, Vol 1, pp 61-80.
01/08/2000
Working paper no. 26: Which kind of transparency? On the need for clarity in monetary policy-making
Published in: IFO STUDIEN, Vol 48 (3), 2002: pp 401-427
28/07/2000
Occasional paper no. 1: The impact of the euro on money and bond markets
13/07/2000
The Broad Economic Policy Guidelines 2000Economic Bulletin Issue 7, 2000
13/07/2000
The construction sector in the euro areaEconomic Bulletin Issue 7, 2000
13/07/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 June 2000Economic Bulletin Issue 7, 2000
13/07/2000
Population ageing and fiscal policy in the euro areaEconomic Bulletin Issue 7, 2000
13/07/2000
Monetary policy transmission in the euro areaEconomic Bulletin Issue 7, 2000
13/07/2000
The switch to variable rate tenders in the main refinancing operationsEconomic Bulletin Issue 7, 2000
01/07/2000
Working paper no. 25: Caution and conservatism in the making of monetary policy
Published in: Journal of Money, Credit and Banking, Vol 34 (1), February 2002: pp 160-177
01/07/2000
Working paper no. 24: What horizon for price stability
Published in: Journal of Monetary Economics, as 'Maintaining Price Stability: how long is the medium term?' September 2003, Vol 50 (6), pp 1293-1309
21/06/2000
Role of the Eurosystem in the field of payment systems oversight
15/06/2000
World trade, GDP and inflation outlook according to OECD, European Commission and IMF forecastsEconomic Bulletin Issue 6, 2000
15/06/2000
Labour force developments in the euro areaEconomic Bulletin Issue 6, 2000
15/06/2000
A review of economic prospects for the euro area up to 2001Economic Bulletin Issue 6, 2000
15/06/2000
Impact of import price developments on euro area consumer pricesEconomic Bulletin Issue 6, 2000
15/06/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 May 2000Economic Bulletin Issue 6, 2000
15/06/2000
Developments in the sectoral breakdown of MFI loans in the first quarter of 2000Economic Bulletin Issue 6, 2000
01/06/2000
Working paper no. 23: Escaping Nash inflation
Published in: Review of Economic Studies, Vol 69, January 2002: pp 1-40
01/06/2000
Working paper no. 22: Regulating access to international large-value payment systems
Published in: Review of Financial Studies, Vol 15 (5), Oct 2002: pp 1561-1586
26/05/2000
Statistical information collected and compiled by the European System of Central Banks (ESCB)
18/05/2000
The structure and development of value added in the euro areaEconomic Bulletin Issue 5, 2000
18/05/2000
Recent trends in the volatility of stock price indicesEconomic Bulletin Issue 5, 2000
18/05/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 April 2000Economic Bulletin Issue 5, 2000
18/05/2000
Developments in and structural features of the euro area labour marketsEconomic Bulletin Issue 5, 2000
18/05/2000
The information content of interest rates and their derivatives for monetary policyEconomic Bulletin Issue 5, 2000
01/05/2000
Convergence Report
01/05/2000
Working paper no. 21: Firm size and monetary policy transmission: evidence from German business survey data
Published in: Sturm, J.-E. and Wollmershäuser, T. (eds.), Ifo Survey Data in Business Cycle and Monetary Policy Analysis, Physica
01/05/2000
Working paper no. 20: Convergence of fiscal policies in the euro area
Published in: M Buti, J. Von Hagen and C. Martinez-Mangay (eds), The behaviour of Fiscal Authorities, Palgrave, Chapter 4, pp 53-75
22/04/2000
The nominal and real effective exchange rates of the euroEconomic Bulletin Issue 4, 2000
22/04/2000
EMU and banking supervisionEconomic Bulletin Issue 4, 2000
20/04/2000
Change in methodology for compiling portfolio investment incomeEconomic Bulletin Issue 4, 2000
20/04/2000
The relative importance of domestic and foreign demand for output growth in the euro areaEconomic Bulletin Issue 4, 2000
20/04/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 March 2000Economic Bulletin Issue 4, 2000
20/04/2000
Breakdown of MFI deposit liabilities by sector and instrument type as at the end of 1999Economic Bulletin Issue 4, 2000
12/04/2000
Annual Accounts 1999
12/04/2000
Consolidated balance sheet of the Eurosystem as at 31 December 1999
03/04/2000
EU banks' income structure
03/04/2000
Asset prices and banking stability
01/04/2000
Working paper no. 19: The euro and international capital markets
Published in: International Finance, April 2000, 3 (1), Vol 1, pp 53-94.
01/04/2000
Working paper no. 18: House prices and the macroeconomy in Europe: Results from a structural var analysis
01/04/2000
Annual Report 1999
01/04/2000
Article, Annual Report 1999, p.105-110, The production of the Euro banknotes and preparations for the cash changeover
21/03/2000
Interlinking - Data Dictionary v.2.02
09/03/2000
A review of economic prospects for the euro area up to 2001Economic Bulletin Issue 3, 2000
09/03/2000
Measures of expected future price developments in the euro areaEconomic Bulletin Issue 3, 2000
09/03/2000
Extended and further harmonised coverage of the HICPEconomic Bulletin Issue 3, 2000
09/03/2000
Recent developments in implied interest rate volatilityEconomic Bulletin Issue 3, 2000
09/03/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 February 2000Economic Bulletin Issue 3, 2000
01/03/2000
Working paper no. 17: Alternative measures of the NAIRU in the euro area: estimates and assessment
01/03/2000
Working paper no. 16: Estimating the implied distribution of the future short term interest rate using the Longstaff-Schwartz model
01/03/2000
Working paper no. 15: The quest for prosperity without inflation
Published in: Journal of Monetary Economics, Vol 50 (3), April 2003: pp 633-663
29/02/2000
Payment systems in the European Union: Addendum incorporating 1998 figures
10/02/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 January 2000Economic Bulletin Issue 2, 2000
10/02/2000
Strong recovery in export volumesEconomic Bulletin Issue 2, 2000
10/02/2000
Retail sales in the euro areaEconomic Bulletin Issue 2, 2000
10/02/2000
Euro-denominated debt securities by issuing sectorEconomic Bulletin Issue 2, 2000
10/02/2000
The influence of base effects on annual monetary growth ratesEconomic Bulletin Issue 2, 2000
10/02/2000
Consolidation in the securities settlement industryEconomic Bulletin Issue 2, 2000
10/02/2000
The Eurosystem and the EU enlargement processEconomic Bulletin Issue 2, 2000
01/02/2000
Working paper no. 14: Assessing nominal income rules for monetary policy with model and data uncertainty
Published in: Economic Journal, Vol 112 (479), April 2002: pp 402-432
01/02/2000
Working paper no. 13: Monetary policy with uncertain parameters
Published in: Scandinavian Journal of Economics, Vol 104 (1), 2002: pp 125-145
01/02/2000
Working paper no. 12: Indicator variables for optimal policy
Published in: Journal of Monetary Economics, Vol 50 (5), July 2003: pp 1177-1188
01/02/2000
Working paper no. 11: Is the yield curve a useful Information variable for the Eurosystem?
Published in: Kredit and Kapital, Vol B4 (1), 2001: pp 28-47
01/02/2000
Working paper no. 10: On the effectiveness of sterilized foreign exchange intervention
Published in: Canadian Journal of Economics, Vol 35 (3), August 2002: pp 556-567
13/01/2000
Recent developments in stock-building in the euro areaEconomic Bulletin Issue 1, 2000
13/01/2000
Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 December 1999Economic Bulletin Issue 1, 2000
13/01/2000
The structure of MFI loans to the non-financial sector in the third quarter of 1999Economic Bulletin Issue 1, 2000
13/01/2000
Foreign exchange reserves and operations of the EurosystemEconomic Bulletin Issue 1, 2000
13/01/2000
The euro area one year after the introduction of the euro: key characteristics and changes in the financial structureEconomic Bulletin Issue 1, 2000
01/01/2000
Working paper no. 9: Asymptotic confidence bands for the estimated autocovariance and autocorrelation functions of vector autoregressive models
Published in: Empirical Economics, 30 (1): 65-75.