Publications published in 2002

28/12/2002
Occasional paper no. 7: Economic relations with regions neighbouring the euro area in the "euro time zone"
28/12/2002
Occasional paper no. 6: Banking integration in the euro area
20/12/2002
Euro Money Market Study 2001 (MOC) Press release:
19/12/2002
Review of the international role of the euro, 2002 edition Press release:
12/12/2002
Monthly Bulletin, December 2002
12/12/2002
Focus: Enhanced compilation of the euro area international investment position statistics for the 1999-2001 period
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Forecasts by other institutions
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Comparison with June 2002 Projections
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: The unemployment-vacancy relationship in the euro area
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Activity in the euro area initial public offering market
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Information content of the trade volume of EURIBOR futures
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 November 2002
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Financial investment of the non-financial sectors in the euro area in the second quarter of 2002
Monthly Bulletin Issue 12, 2002
12/12/2002
Focus: Annual review of the reference value for monetary growth
Monthly Bulletin Issue 12, 2002
01/12/2002
Working paper no. 201: Euro area inflation persistence
01/12/2002
Working paper no. 200: Interdependence between the euro area and the US: what role for EMU?
Published in: partly in The Economic Journal, 115, 930-950, October 2005, partly in International Finance, 6, 309-328, Winter 2003.
01/12/2002
Working paper no. 199: Time variation in the tail behaviour of bunds futures returns
Published in: The Journal of Futures Markets, April 2004, Vol 24(4), pp. 387-398
01/12/2002
Working paper no. 198: Extracting risk neutral probability densities by fitting implied volatility smiles: some methodological points and an application to the 3M Euribor futures option prices
18/11/2002
European Union balance of payments/international investment position statistical methods Press release:
16/11/2002
Structural analysis of the EU banking sector Press release:
14/11/2002
Monthly Bulletin, November 2002
14/11/2002
Focus: Private sector expectations for inflation and economic activity in the euro area: results of the 2002 Q4 Survey of Professional Forecasters and other available indicators
Monthly Bulletin Issue 11, 2002
14/11/2002
Focus: Evaluating Eurostat's euro area HICP flash estimate
Monthly Bulletin Issue 11, 2002
14/11/2002
Focus: Recent stock market developments in the euro area
Monthly Bulletin Issue 11, 2002
14/11/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 October 2002
Monthly Bulletin Issue 11, 2002
14/11/2002
Focus: Trends in loans to the private sector and their fundamental determinants
Monthly Bulletin Issue 11, 2002
14/11/2002
Article: The composition of employment growth in the euro area in recent years
Monthly Bulletin Issue 11, 2002
14/11/2002
Article: Transparency in the monetary policy of the ECB
Monthly Bulletin Issue 11, 2002
14/11/2002
Article: The accountability of the ECB
Monthly Bulletin Issue 11, 2002
14/11/2002
Guidance Notes to the Regulation ECB/2001/13 on the MFI balance sheet statistics Press release:
01/11/2002
Working paper no. 197: A model of the Eurosystem's operational framework for monetary policy implementation
01/11/2002
Working paper no. 196: Bootstrapping autoregressions with conditional heteroskedasticity of unknown form
Published in: Journal of Econometrics, 123(1), November 2004: 89-120.
01/11/2002
Working paper no. 195: In-sample or out-of-sample tests of predictability: which one should we use?
Published in: Econometric Reviews, 23(4), November 2004: 1-32
01/11/2002
Working paper no. 194: Sensitivity analysis of volatility: a new tool for risk management
Published in: Journal of Financial Econometrics, Vol 2 (3), 2004: pp 370-389 as "Asset Allocation by Variance Sensitivity Analysis"
01/11/2002
Working paper no. 193: Sustainability of public finances and automatic stabilisation under a rule of budgetary discipline
01/11/2002
Working paper no. 192: Is the European Central Bank (and the United States Federal Reserve) predictable?
01/11/2002
Working paper no. 191: The fiscal costs of financial instability revisited
Published in: Economic Policy, July 2004, Vol 19, 39, pp 313-346.
29/10/2002
The euro banknotes and coins, leaflet, (security features, national sides of coins, technical specifications)
17/10/2002
Monthly Bulletin, October 2002
17/10/2002
Focus: Developments in net financial flows between the euro area and the United States
Monthly Bulletin Issue 10, 2002
17/10/2002
Focus: Challenges concerning fiscal consolidation
Monthly Bulletin Issue 10, 2002
17/10/2002
Focus: Residential property prices in the euro area
Monthly Bulletin Issue 10, 2002
17/10/2002
Focus: Recent developments in perceived and actual inflation
Monthly Bulletin Issue 10, 2002
17/10/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 September 2002
Monthly Bulletin Issue 10, 2002
17/10/2002
Article: Main features of the repo market in the euro area
Monthly Bulletin Issue 10, 2002
17/10/2002
Article: Recent findings on monetary policy transmission in the euro area
Monthly Bulletin Issue 10, 2002
12/10/2002
Report on financial structures statistical annex: en
Press release:
01/10/2002
Working paper no. 190: Monetary policy and the zero bound to interest rates: a review
Published in: Journal of Economic Surveys. July 2004; 18(3): 427-81
01/10/2002
Working paper no. 189: Debt reduction and automatic stabilisation
Published in: Economic Modelling, 26, pp. 464-472, January 2009.
01/10/2002
Working paper no. 188: Should central banks really be flexible?
Published in: European Journal of Political Economy, Vol 26 (1), 2010 as “Why EMU is not a Failure”: pp 1-11.
01/10/2002
Working paper no. 187: A fiscal theory of sovereign risk
01/10/2002
Working paper no. 186: Using money market rates to assess the alternatives of fixed vs. variable rate tenders: the lesson from 1989-1998 data for Germany
01/10/2002
Working paper no. 185: European integration: what lessons for other regions? The case of Latin America
Published in: Open Economies Review, 2004, Vol 15(3).
01/10/2002
Working paper no. 184: Efficient pricing of large value interbank payment systems
Published in: Journal of Money, Credit and Banking, Vol 38 (7), October 2006: pp 1797-1818.
01/10/2002
Working paper no. 183: Monetary policy in a world with different financial systems
Published in: Journal of Monetary Economics, May 2007, 54(4), pp. 1018-1034, published as: Finance and International Business Cycle
30/09/2002
The European Central Bank brochure
28/09/2002
Occasional paper no. 5: The evolution of clearing and central counterparty services for exchange-traded derivatives in the United States and Europe: a comparison
28/09/2002
The European Central Bank
19/09/2002
Monthly Bulletin, September 2002
19/09/2002
Focus: The effect of stock price changes on budgetary balances
Monthly Bulletin Issue 9, 2002
19/09/2002
Focus: New data on the composition of investment
Monthly Bulletin Issue 9, 2002
19/09/2002
Focus: Monitoring wage developments: an indicator of negotiated wages
Monthly Bulletin Issue 9, 2002
19/09/2002
Focus: The impact of accounting issues on recent stock market developments
Monthly Bulletin Issue 9, 2002
19/09/2002
Focus: The importance of the effects of stock price movements on economic activity in the euro area
Monthly Bulletin Issue 9, 2002
19/09/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 August 2002
Monthly Bulletin Issue 9, 2002
19/09/2002
Focus: Financial investment of the non-financial sectors in the euro area in the first quarter of 2002
Monthly Bulletin Issue 9, 2002
01/09/2002
Working paper no. 182: The information content of real-time output gap estimates, an application to the euro area
01/09/2002
Working paper no. 181: Inflation dynamics and international linkages: a model of the United States, the euro area and Japan
01/09/2002
Working paper no. 180: Regional inflation in a currency union: fiscal policy vs. fundamentals
01/09/2002
Working paper no. 179: Optimal monetary policy with durable and non-durable goods
01/09/2002
Working paper no. 178: Inflation persistence and optimal monetary policy in the euro area
Published in: Journal of Money, Credit and Banking, Vol 38 (3), April 2006: pp 587-614
01/09/2002
Working paper no. 177: A theory of the currency denomination of international trade
Published in: Journals of International Economics, Vol 67 (2), December 2005: 295-319
01/09/2002
Working paper no. 176: Macroeconomics of international price discrimination
Published in: Journal of International Economics 67, pp 129-155
01/09/2002
Working paper no. 175: Monetary policy and the financial accelerator in a monetary union
01/09/2002
Working paper no. 174: International monetary policy coordination and financial market integration
01/09/2002
Working paper no. 173: Openness and equilibrium determinacy under interest rate rules
Published in: Journal of Economic Dynamics and Control, Vol 29 (7), 2005: pp 1165-92, as "Does trade openness matter for aggregate instability"
01/09/2002
Working paper no. 172: Constructing quality-adjusted price indices: a comparison of hedonic and discrete choice models
30/08/2002
Payment and securities settlement systems in accession countries csv data: en
Press release:
25/08/2002
Financial Sectors in EU Accession Countries
08/08/2002
Monthly Bulletin, August 2002
08/08/2002
Focus: Merger and acquisition activity and the composition of the financial account of the euro area balance of payments
Monthly Bulletin Issue 8, 2002
08/08/2002
Focus: Developments in euro area labour productivity
Monthly Bulletin Issue 8, 2002
08/08/2002
Focus: Private sector expectations for inflation and economic activity in the euro area: the results of the 2002 Q3 Survey of Professional Forecasters and other available indicators
Monthly Bulletin Issue 8, 2002
08/08/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 July 2002
Monthly Bulletin Issue 8, 2002
08/08/2002
Article: Saving, financing and investment in the euro area
Monthly Bulletin Issue 8, 2002
08/08/2002
Article: Price level convergence and competition in the euro area
Monthly Bulletin Issue 8, 2002
08/08/2002
Article: Recent developments and risks in the euro area banking sector
Monthly Bulletin Issue 8, 2002
01/08/2002
Working paper no. 171: An estimated stochastic dynamic general equilibrium model of the euro area
Published in: Journal of European Economic Association, Vol 1 (5), September 2003: pp 1123-1175
01/08/2002
Working paper no. 170: What measure of inflation should a central bank target?
Published in: Journal of European Economic Association, Vol 1 (5), September 2003: pp 1058-1086
01/08/2002
Working paper no. 169: Modeling model uncertainty
Published in: Journal of European Economic Association, Vol 1 (5), September 2003: pp 1087-1122
01/08/2002
Working paper no. 168: Estimating the effects of fiscal policy in OECD countries
01/08/2002
Working paper no. 167: Identifying the effects of monetary policy shocks on exchange rates using high frequency data
Published in: Journal of European Economic Association, Vol 1 (5), September 2003: pp 1031-1057
01/08/2002
Working paper no. 166: Monetary and fiscal policy interactions in a micro-founded model of a monetary union
Published in: Journal of International Economics, Vol 67 (2), December 2005: pp 320-52
01/08/2002
Working paper no. 165: The industry effects of monetary policy in the euro area
Published in: Economic Journal, April 2005, 115(503): 319-342.
01/08/2002
Working paper no. 164: Euro area corporate debt securities market: first empirical evidence
Published in: Bondt, G. de, 2004, The balance sheet channel of monetary policy: first empirical evidence for the euro area corporate bond market, International Journal of Finance and Economics, 9, 3, 219-228; Bondt, G. de, 2005, Determinants of corporate debt securities in the euro area, European Journal of Finance, 11, 6, 493-509.
01/08/2002
Working paper no. 163: The rationality of consumers' inflation expectations: survey-based evidence for the euro area
Published in: Journal of Business Cycle Meaurement and Analysis, Vol 1 (1), 2004: pp 13-41 as "Survey Expectations, Rationality and the Dynamics of Euro Area Inflation"
01/08/2002
Working paper no. 162: Public debt asymmetries: the effect on taxes and spending in the European Union
28/07/2002
Occasional paper no. 4: Labour force developments in the euro area since the 1980s
22/07/2002
Measurement issues in European Consumer Price Indices and the conceptual framework of the HICP
20/07/2002
Payment and securities settlement systems in the European Union, Addendum incorporating 2000 figures (Blue Book) Additional information
11/07/2002
Monthly Bulletin, July 2002
11/07/2002
Focus: The Broad Economic Policy Guidelines 2002
Monthly Bulletin Issue 7, 2002
11/07/2002
Focus: Recent developments in services prices in the euro area
Monthly Bulletin Issue 7, 2002
11/07/2002
Focus: Recent developments in consumers' inflation perceptions
Monthly Bulletin Issue 7, 2002
11/07/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 June 2002
Monthly Bulletin Issue 7, 2002
11/07/2002
Article: Developments in the external direct and portfolio investment flows of the euro area
Monthly Bulletin Issue 7, 2002
11/07/2002
Article: The Eurosystem’s dialogue with EU accession countries
Monthly Bulletin Issue 7, 2002
11/07/2002
Article: Characteristics of the euro area business cycle in the 1990s
Monthly Bulletin Issue 7, 2002
01/07/2002
Working paper no. 161: The optimal allocation of risks under prospect theory
01/07/2002
Working paper no. 160: Model uncertainty and the equilibrium value of the real effective euro exchange rate
Published in: Australian Economic Papers, Vol 41 (4), December 2002: pp 342-365
01/07/2002
Working paper no. 159: Optimal public money
Published in: Published as: Private vs. Public Money. International Economic Review 47(3), pp. 939-948
01/07/2002
Working paper no. 158: Quantifying embodied technological change
Published in: Review of Economics Dynamics, January 2004, 7(1), pp. 1-26
01/07/2002
Working paper no. 157: Bidding and performance in repo auctions: evidence from ECB open market operations
Published in: Journal of Money, Credit, and Banking (2009), 41(7), pp. 1391-1421; published as "Repo Auctions and the Market for Liquidity".
01/07/2002
Working paper no. 156: Identifying endogenous fiscal policy rules for macroeconomic models
Published in: Journal of Policy Modeling, Vol 26, 2004: pp 1073-1089
30/06/2002
The euro banknotes and coins, brochure (first published July 1999)
25/06/2002
Task force on portfolio investment collection systems, Final Report
24/06/2002
TARGET - Release November 2001: TARGET Minimum common performance features of RTGS systems within TARGET
22/06/2002
TARGET - Release November 2001: TARGET interlinking data dictionary
21/06/2002
TARGET - Release November 2001: TARGET interlinking specification
19/06/2002
TARGET - Release November 2001: TARGET interlinking user requirement
13/06/2002
Monthly Bulletin, June 2002
13/06/2002
Focus: Forecasts by other institutions
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: Comparison with December 2001 Projections
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: Fiscal transparency in the context of the multilateral surveillance of budgetary positions
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: A comparison of the 1998 and 2001 slowdowns in the euro area
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: The clustering of shocks to HICP inflation since the start of Stage Three of EMU
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: Issues related to Monetary Conditions Indices
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 May 2002
Monthly Bulletin Issue 6, 2002
13/06/2002
Focus: Financing and financial investment of the non-financial sectors in the euro area up to the end of 2001
Monthly Bulletin Issue 6, 2002
10/06/2002
Bond markets and long-term interest rates in European Union accession countries
01/06/2002
Working paper no. 155: Youth unemployment in the OECD: demographic shifts, labour market institutions, and macroeconomic shocks
01/06/2002
Working paper no. 154: The Euro bloc, the Dollar bloc and the Yen bloc: how much monetary policy independence can exchange rate flexibility buy in an interdependent world?
Published in: ECLAC (Ed.): Towards Regional Currency Areas, UN Economic Commission For Latin America and the Caribbean.
01/06/2002
Working paper no. 153: Euro area production function and potential output: a supply side system approach
01/06/2002
Working paper no. 152: Short-term monitoring of fiscal policy discipline
Published in: Journal of Applied Econometrics, Vol 19 (2), March/April 2004: pp 247-265
01/06/2002
Working paper no. 151: G-7 Inflation forecasts
01/06/2002
Working paper no. 150: Equity and bond market signals as leading indicators of bank fragility
Published in: Journal of Money Credit and Banking, Vol 38 (2), March 2006: pp 399-428
28/05/2002
Occasional paper no. 3: Estimating the trend of M3 income velocity underlying the reference value for monetary growth
28/05/2002
Developments in banks' liquidity profile and management
24/05/2002
The Eurosystem's terms of reference for the use of cash- recycling machines by credit institutions and other euro area institutions engaged in the sorting and distribution of banknotes to the public as a professional activity
09/05/2002
Monthly Bulletin, May 2002
09/05/2002
Focus: Private sector expectations for inflation and economic activity in the euro area: the results of the 2002 Q2 Survey of Professional Forecasters (SPF) and other available indicators
Monthly Bulletin Issue 5, 2002
09/05/2002
Focus: US stock markets and corporate profit measures
Monthly Bulletin Issue 5, 2002
09/05/2002
Focus: Measures of implied volatility derived from options on short-term interest rates futures
Monthly Bulletin Issue 5, 2002
09/05/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 April 2002
Monthly Bulletin Issue 5, 2002
09/05/2002
Article: Implications of the euro cash changeover on the development of banknotes and coins in circulation
Monthly Bulletin Issue 5, 2002
09/05/2002
Article: The liquidity management of the ECB
Monthly Bulletin Issue 5, 2002
09/05/2002
Article: International supervisory co-operation
Monthly Bulletin Issue 5, 2002
01/05/2002
Convergence Report 2002
01/05/2002
Working paper no. 149: The Spanish block of the ESCB-multi-country model
01/05/2002
Working paper no. 148: The functional form of yield curves
01/05/2002
Working paper no. 147: Time-to-build approach in a sticky price, sticky wage optimizing monetary model
01/05/2002
Working paper no. 146: Competition and stability: what's special about banking?
Published in: Monetary History, Exchange Rates and Financial Markets: Essays in Honour of Charles Goodhart Vol 2, ed. by P. Mizen, Edward Elgar, March 2003, pp 202-229
01/05/2002
Working paper no. 145: Towards a new early warning system of financial crises
Published in: Journal of International Money and Finance, Vol 25 (6), October 2006: pp 953-973. Also partly published in: Journal of Policy Modeling, No 30, 2008: pp 111–121.
01/05/2002
Working paper no. 144: A failure in the measurement of inflation: results from a hedonic and matched experiment using scanner data
Published in: Journal of Business and Economic Statistics. July 2005; 23(3): 269-81
01/05/2002
Working paper no. 143: A nonparametric method for valuing new goods
01/05/2002
Working paper no. 142: Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank
Published in: Journal of Forecasting, April 2009, Vol. 28, pp. 194-217
01/05/2002
Working paper no. 141: Asset prices and fiscal balances
01/05/2002
Working paper no. 140: Price setting and the steady-state effects of inflation
Published in: Spanish Economic Review. December 2004; 6(4): 267-89
28/04/2002
The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures (update of the November 2000 edition) Press release:
20/04/2002
TARGET Annual Report 2001
11/04/2002
Monthly Bulletin, April 2002
11/04/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 March 2002
Monthly Bulletin Issue 4, 2002
11/04/2002
Article: Enhancements to MFI balance sheet and interest rate statistics
Monthly Bulletin Issue 4, 2002
11/04/2002
Article: The role of the Eurosystem in payment and clearing systems
Monthly Bulletin Issue 4, 2002
11/04/2002
Article: The operation of automatic fiscal stabilisers in the euro area
Monthly Bulletin Issue 4, 2002
10/04/2002
Evaluation of the 2002 cash changeover Press release:
01/04/2002
Annual Report 2001
01/04/2002
Working paper no. 139: On currency crises and contagion
Published in: International Journal of Finance and Economics, Vol 8 (2), April 2003: pp 109-129
01/04/2002
Working paper no. 138: "New" views on the optimum currency area theory: what is EMU telling us?
Published in: Journal of Common Market Studies, Vol 43 (3), 2005: pp 607-635 as "What is EMU telling us about the properties of optimum currency areas?"
01/04/2002
Working paper no. 137: Equilibrium bidding in the Eurosystem's open market operations
Published in: German Economic Review, Vol 6 (1) pp 95-130
01/04/2002
Working paper no. 136: Retail bank interest rate pass-through: new evidence at the euro area level
Published in: Bondt, G. de, 2005, Interest rate pass-through: empirical results for the euro area, German Economic Review, 6, 1, 37-78
01/04/2002
Working paper no. 135: The optimal mix of taxes on money, consumption and income
Published in: Journal of Monetary Economics, Vol 50 (4), May 2003: pp 871-887
01/04/2002
Article, Annual Report 2001, p.113-119, The cash changeover and the production and issue of Euro banknotes
15/03/2002
Structural issues report 2002 - Labour market mismatches in euro area countries Press release:
14/03/2002
Monthly Bulletin, March 2002
14/03/2002
Focus: The need for further structural reforms in the euro area labour markets
Monthly Bulletin Issue 3, 2002
14/03/2002
Focus: The 2002 Q1 Survey of Professional Forecasters (SPF)
Monthly Bulletin Issue 3, 2002
14/03/2002
Focus: Implementation of additional harmonisation rules for the HICP in January 2002
Monthly Bulletin Issue 3, 2002
14/03/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 February 2002
Monthly Bulletin Issue 3, 2002
14/03/2002
Focus: Developments in the relative shares of the components of M3 between 1980 and 2001
Monthly Bulletin Issue 3, 2002
14/03/2002
Focus: Financing and financial investment of the non-financial sectors in the euro area up to the third quarter of 2001
Monthly Bulletin Issue 3, 2002
01/03/2002
Working paper no. 134: The cost of private transportation in the Netherlands, 1992-1999
01/03/2002
Working paper no. 133: Can confidence indicators be useful to predict short term real GDP growth?
Published in: Applied Economics Letters, Vol 10 (8), January 2003: pp 519-522
01/03/2002
Working paper no. 132: Inflation dynamics and dual inflation in accession countries: a 'New Keynesian' perspective
01/03/2002
Working paper no. 131: Measurement bias in the HICP: what do we know, and what do we need to know?
Published in: Journal of Economic Surveys, February 2004, 18(1), pp. 79-112
01/03/2002
Working paper no. 130: Harmonized indexes of consumer prices: their conceptual foundations
Published in: Swiss Journal of Economics and Statistics, Vol 138 (4), 2002: pp 547-637
28/02/2002
Occasional paper no. 2: The effective exchange rates of the euro
15/02/2002
Accession countries: balance of payments/international investment position statistical methods
14/02/2002
Monthly Bulletin, February 2002
14/02/2002
Focus: The information content of job vacancies in the euro area
Monthly Bulletin Issue 2, 2002
14/02/2002
Focus: Business survey data for activity in the euro area services sectors
Monthly Bulletin Issue 2, 2002
14/02/2002
Focus: Deriving long-term euro area inflation expectations from index-ed bonds issued by the French
Monthly Bulletin Issue 2, 2002
14/02/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 January 2002
Monthly Bulletin Issue 2, 2002
14/02/2002
Article: The stock market and monetary policy
Monthly Bulletin Issue 2, 2002
14/02/2002
Article: Recent developments in international co-operation
Monthly Bulletin Issue 2, 2002
01/02/2002
Working paper no. 129: Non-standard central bank loss functions, skewed risks, and certainty equivalence
Published in: MMF Conference Supplement of The Manchester School, Vol. 71, pp. 21-38, June 2003.
01/02/2002
Working paper no. 128: Openness, imperfect exchange rate pass-through and monetary policy
Published in: Journal of Monetary Economics, Vol 49 (5), July 2002: pp 947-981
01/02/2002
Working paper no. 127: Performance of monetary policy with internal central bank forecasting
Published in: Journal of Economic Dynamics and Control, 2005, 29, 627-658.
01/02/2002
Working paper no. 126: Optimal contracts in a dynamic costly state verification model
Published in: Economic Theory, Vol 26: pp 867-885
01/02/2002
Working paper no. 125: Duration, volume and volatility impact of trades
Published in: Journal of Financial Markets, Vol 8, 2005: pp 377-399
01/02/2002
Working paper no. 124: Monetary policy, expectations and commitment
01/02/2002
Working paper no. 123: Analysing and combining multiple credit assessments of financial institutions
01/02/2002
Working paper no. 122: New technologies and productivity growth in the euro area
Published in: Empirical Economics, 29(3): 621-646.
01/02/2002
Working paper no. 121: Natural rate doubts
Published in: Journal of Economic Dynamics and Control (2007), 31(3), pp. 797-825.
31/01/2002
List of Monetary Financial Institutions (MFI) and Institutions subject to minimum reserves for 2001
24/01/2002
Monthly Bulletin, January 2002
24/01/2002
Focus: The employment guidelines for 2002
Monthly Bulletin Issue 1, 2002
24/01/2002
Focus: Euro cash changeover not expected to have a significant impact on consumer prices at the aggregate level
Monthly Bulletin Issue 1, 2002
24/01/2002
Focus: Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 December 2001
Monthly Bulletin Issue 1, 2002
24/01/2002
Focus: Developments in M3 and its counterparts
Monthly Bulletin Issue 1, 2002
24/01/2002
Article: Economic fundamentals and the exchange rate of the euro
Monthly Bulletin Issue 1, 2002
24/01/2002
Article: Euro banknote preparations: from cash changeover to post-launch activities
Monthly Bulletin Issue 1, 2002
01/01/2002
Working paper no. 120: Learning stability in economics with heterogeneous agents
01/01/2002
Working paper no. 119: Monetary policy and the stock market in the euro area
Published in: Journal of Policy Modeling, Volume 26, Issue 3, April 2004, Pages 387-399
01/01/2002
Working paper no. 118: Durable goods, price indexes and quality change: an application to automobile prices in Italy, 1988-1998
01/01/2002
Working paper no. 117: Hedonic house prices without characteristics: the case of new multiunit housing
01/01/2002
Working paper no. 116: Rent indices for housing in West Germany 1985 to 1998
01/01/2002
Working paper no. 115: Monetary policy rules, macroeconomic stability and inflation: a view from the trenches
Published in: Journal of Money, Credit and Banking, May 2004, 36(2), pp. 151-175
01/01/2002
Working paper no. 114: Monetary Transmission in the Euro Area : Where Do We Stand?
Published in: Monetary policy transmission in the euro area, I Angeloni, A Kashyap and B Mojon (eds), 2003, Cambridge University Press, Part 4, Chap.24, pp383-412
01/01/2002
Working paper no. 113: Financial frictions and the monetary transmission mechanism: theory, evidence and policy implications
Published in: Monetary policy transmission in the euro area, I Angeloni, A Kashyap and B Mojon (eds), 2003, Cambridge University Press, Part 1, Chap. 6, pp 107-130