- 27/12/2005
- The Eurosystem, the union and beyond
- 22/12/2005
- Working paper no. 569: Towards European monetary integration: the evolution of currency risk premium as a measure for monetary convergence prior to the implementation of currency unions
- 22/12/2005
- Working paper no. 568: Exploring the international linkages of the euro area: a global VAR analysis
Published in: Journal of Applied Econometrics, Vol 22 (1), January-February 2007: pp 1-38
- 22/12/2005
- Working paper no. 567: Is time ripe for a currency union in emerging East Asia? The role of monetary stabilisation
Published in: Journal of Economic Integration, Vol 21 (4) , December 2006: pp 736-763.
- 22/12/2005
- Working paper no. 566: Real versus financial frictions to capital investment
- 22/12/2005
- Working paper no. 565: The timing of central bank communication
Published in: European Journal of Political Economy 23(1): 124-145, March 2007.
- 22/12/2005
- Occasional paper no. 42: The New Basel Capital Framework and its implementation in the European Union
- 21/12/2005
- Review of the international role of the euro, December 2005
- 20/12/2005
- Working paper no. 564: Forecasting the central bank's inflation objective is a good rule of thumb
- 19/12/2005
- Occasional paper no. 41: Trends and patterns in working time across euro area countries 1970-2004: causes and consequences
- 14/12/2005
- Working paper no. 563: Sticky prices in the euro area: a summary of new micro evidence
Published in: Journal of the European Economic Association, Vol 4, April-May 2006: pp 575-584
- 14/12/2005
- Working paper no. 562: The price setting behaviour of Portuguese firms: evidence from survey data
- 14/12/2005
- Working paper no. 561: Price setting in German manufacturing: new evidence from new survey data
- 14/12/2005
- Working paper no. 560: The determinants of "domestic" original sin in emerging market economies
Published in: Journal of International Money and Finance, Vol 29(1), 2010: pp 1-18 as "Risky public domestic debt composition in emerging economies"
- 14/12/2005
- Working paper no. 559: When did unsystematic monetary policy have an effect on inflation?
- 08/12/2005
- Measurement Challenges in Assessing Financial StabilityFinancial Stability Review Issue 2, 2005
- 08/12/2005
- Financial Market ContagionFinancial Stability Review Issue 2, 2005
- 08/12/2005
- Assessing the Financial Vulnerability of Mortgage-Indebted Euro Area Households Using Micro-Level DataFinancial Stability Review Issue 2, 2005
- 08/12/2005
- What Determines Euro Area Bank Profitability?Financial Stability Review Issue 2, 2005
- 08/12/2005
- Main Effects from the New Accounting Framework on BanksFinancial Stability Review Issue 2, 2005
- 08/12/2005
- Entry of the Slovak koruna into the exchange rate mechanism II (ERM II)Economic Bulletin Issue 12, 2005
- 08/12/2005
- Forecasts by other institutionsEconomic Bulletin Issue 12, 2005
- 08/12/2005
- Technical assumptionsEconomic Bulletin Issue 12, 2005
- 08/12/2005
- Further progress on the Principal European Economic IndicatorsEconomic Bulletin Issue 12, 2005
- 08/12/2005
- Improvements to euro area GDP and national accountsEconomic Bulletin Issue 12, 2005
- 08/12/2005
- The debt servicing burden of euro area households - some macroeconomic and microeconomic evidenceEconomic Bulletin Issue 12, 2005
- 08/12/2005
- Saving, financing and investment of euro area households and non-financial corporations in 2004Economic Bulletin Issue 12, 2005
- 08/12/2005
- The term structure of implied interest rate volatilitiesEconomic Bulletin Issue 12, 2005
- 08/12/2005
- Liquidity conditions and monetary policy operations from 10 August to 8 November 2005Economic Bulletin Issue 12, 2005
- 08/12/2005
- Central Counterparty Clearing Houses and Financial StabilityFinancial Stability Review Issue 2, 2005
- 08/12/2005
- Financial stability review, December 2005
- 02/12/2005
- Occasional paper no. 40: What does European institutional integration tell us about trade integration?
- 01/12/2005
- The European Commission’s Green Paper on mortgage credit in the EU. Eurosystem contribution to the public consultation
- 01/12/2005
- Eurosystem staff macroeconomic projections for the euro area
- 30/11/2005
- Working paper no. 554: Equilibrium and inefficiency in fixed rate tenders
Published in: Journal of Banking in Finance, 2011 as "Overbidding in fixed rate tenders: The role of exposure risk".
- 25/11/2005
- Working paper no. 558: Ricardian fiscal regimes in the European Union
Published in: Empirica, July 2008, 35(3), 313-334
- 25/11/2005
- Working paper no. 557: How should central banks communicate?
Published in: "Designing a Central Bank Communication Strategy", in: D. Mayes and G. Wood (eds.), Designing Central Banks, Routledge, 2009, pp. 170-192.
- 25/11/2005
- Working paper no. 556: The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
- 25/11/2005
- Working paper no. 555: Near-rational exuberance
- 25/11/2005
- Large EU banks' exposures to hedge funds
- 25/11/2005
- European Union balance of payments/international investment position statistical methods
- 17/11/2005
- Green paper on the enhancement of the EU framework for investment funds. Eurosystem contribution to the Commission's public consultation
- 11/11/2005
- Working paper no. 553: Global bond portfolios and EMU
- 11/11/2005
- Working paper no. 552: European Union enlargement and equity markets in accession countries
- 11/11/2005
- Working paper no. 551: Technological diversification
- 11/11/2005
- Working paper no. 550: Underwriter competition and gross spreads in the eurobond market
- 11/11/2005
- Working paper no. 549: Eigenvalue filtering in VAR models with application to the Czech business cycle
- 11/11/2005
- Working paper no. 548: The link between interest rates and exchange rates: do contractionary depreciations make a difference?
Published in: International Economic Journal, Vol 22 (1), 2008: pp 43-61.
- 11/11/2005
- Working paper no. 547: Bank finance versus bond finance: what explains the differences between US and Europe?
- 11/11/2005
- Working paper no. 546: The natural real interest rate and the output gap in the euro area: a joint estimation
- 11/11/2005
- Working paper no. 545: Trade integration of Central and Eastern European countries: lessons from a gravity model
Published in: European Economic Integration and South East Europe – Challenges and Prospects, K. Liebscher, J. Christl, P. Mooslechner, D. Ritzberger-Grünwald (eds.), Edward Elgar Publishing, 2005 as "Trade integration of the new EU member states and selected South East European countries: lessons from a gravity model": pp 242-268. A shorter and revised version published in: Review of Development Economics, Vol 12 (3), 2008 as "EU Enlargement and Trade Integration: Lessons from a Gravity Model": pp 562-576.
- 11/11/2005
- Working paper no. 544: Forecasting the yield curve in a data-rich environment: a no-arbitrage factor-augmented VAR approach
- 11/11/2005
- Working paper no. 543: Lending booms in the new EU Member States: will euro adoption matter?
- 11/11/2005
- Working paper no. 542: Liquidity and real equilibrium interest rates: a framework of analysis
Published in: Macroeconomic Dynamics, 10, 3, pp. 426-438.
- 11/11/2005
- Working paper no. 541: Consumer price behaviour in Luxembourg: evidence from micro CPI data
Published in: Managerial and Decision Economics, Vol 31: pp 177-192 as "Consumer Price Behaviour: Evidence from Luxembourg Micro Data"
- 11/11/2005
- Working paper no. 540: Optimal discretionary policy and uncertainty about inflation persistence
- 10/11/2005
- Working paper no. 539: Inflation persistence and monetary policy design: an overview
- 10/11/2005
- Latest developments in investment by type of productEconomic Bulletin Issue 11, 2005
- 10/11/2005
- The current euro area recovery from a historical perspectiveEconomic Bulletin Issue 11, 2005
- 10/11/2005
- Private sector expectations for the euro area: results of the ECB Survey of Professional Forecasters for the fourth quarter of 2005Economic Bulletin Issue 11, 2005
- 10/11/2005
- Diverse patterns in headline and underlying inflationEconomic Bulletin Issue 11, 2005
- 10/11/2005
- The results of the October 2005 bank lending survey for the euro areaEconomic Bulletin Issue 11, 2005
- 10/11/2005
- Macroeconomic implications of high oil prices for emerging market economiesEconomic Bulletin Issue 11, 2005
- 10/11/2005
- Price-setting behaviour in the euro areaEconomic Bulletin Issue 11, 2005
- 10/11/2005
- Economic and financial relations between the euro area and RussiaEconomic Bulletin Issue 11, 2005
- 10/11/2005
- Developments in corporate finance in the euro areaEconomic Bulletin Issue 11, 2005
- 04/11/2005
- The euro area bank lending survey
- 31/10/2005
- Working paper no. 538: The price setting behaviour of Spanish firms: evidence from survey data
- 31/10/2005
- Working paper no. 537: Global inflation
Published in: Review of Economics and Statistics, Vol 92 (3), August 2010: pp 524–535.
- 28/10/2005
- Occasional paper no. 39: Labour productivity in the Nordic EU countries: a comparative overview and explanatory factors 1980-2004
- 26/10/2005
- Legal aspects of the European System of Central Banks
- 21/10/2005
- Working paper no. 536: Heterogeneity in consumer price stickiness: a microeconometric investigation
- 21/10/2005
- Working paper no. 535: The pricing behaviour of firms in the euro area: new survey evidence
Published in: International Journal of Central Banking, Vol 2 (3), 2006: pp 3 - 47 as "What Firms' Surveys Tell us About Price-Setting Behaviour in the Euro Area
- 21/10/2005
- Working paper no. 534: Time-dependent or state-dependent price setting? Micro-evidence from German metal-working industries
- 21/10/2005
- Second progress report on TARGET2
- 20/10/2005
- Occasional paper no. 38: Economic reactions to public finance consolidation: a survey of the literature
- 17/10/2005
- EU banking sector stability
- 16/10/2005
- Working paper no. 533: Discretionary policy, multiple equilibria, and monetary instruments
- 16/10/2005
- Working paper no. 532: Intra- and extra-euro area import demand for manufactures
Published in: Applied Economics Quarterly (2007), Vol. 53, pp. 221-241.
- 16/10/2005
- Working paper no. 531: Market power, innovative activity and exchange rate pass-through in the euro area
- 13/10/2005
- Developments in euro area labour quality and their implications for labour productivity growthEconomic Bulletin Issue 10, 2005
- 13/10/2005
- Output growth differentials within the euro area: are they cyclical or trend-driven?Economic Bulletin Issue 10, 2005
- 13/10/2005
- Trade liberalisation and its impact on the euro area textile and clothing sectorsEconomic Bulletin Issue 10, 2005
- 13/10/2005
- Recent oil and petrol price developmentsEconomic Bulletin Issue 10, 2005
- 13/10/2005
- Excess reserves and the ECB's implementation of monetary policyEconomic Bulletin Issue 10, 2005
- 13/10/2005
- The development of private equity and venture capital in EuropeEconomic Bulletin Issue 10, 2005
- 13/10/2005
- Recent developments in FDI in the new EU Member States in central EuropeEconomic Bulletin Issue 10, 2005
- 13/10/2005
- Assessing the performance of financial systemsEconomic Bulletin Issue 10, 2005
- 13/10/2005
- Money demand and uncertaintyEconomic Bulletin Issue 10, 2005
- 07/10/2005
- EU banking structures
- 04/10/2005
- Occasional paper no. 37: Financing conditions in the euro area
- 30/09/2005
- Indicators of financial integration in the euro area, September 2005
- 28/09/2005
- Working paper no. 530: Cross-dynamics of volatility term structures implied by foreign exchange options
Published in: Journal of Economics and Business, Vol 61 (5), September 2009: pp 355-375.
- 28/09/2005
- Working paper no. 529: Explaining exchange rate dynamics: the uncovered equity return parity condition
- 28/09/2005
- Working paper no. 528: How successful are exchange rate communication and interventions? Evidence from time-series and event-study approaches
Published in: partly in The Economic Journal 118, 1-28, July 2008, and partly in Journal of International Money and Finance 25(1): 146-67
- 28/09/2005
- Working paper no. 527: Banking system stability: a cross-Atlantic perspective
Published in: Risks of Financial Institutions, edited by M. Carey and R. Stulz, A National Bureau of Economic Research Conference Report. Chicago and London: University of Chicago Press, 2006; xi, 655 ; and M. Carey and R. Stulz (eds.), The Risks of Financial Institutions (Chicago, IL: Chicago University Press and National Bureau of Economic Research), 133-188.
- 28/09/2005
- Working paper no. 526: On some fiscal effects on mortgage debt growth in the EU
Published in: European Journal of Housing Policy, Vol VI (2), 2006: pp 131-149 as "Determinants of Mortgage Debt Growth in the EU Countries"
- 28/09/2005
- Working paper no. 525: Distilling co-movements from persistent macro and financial series
- 20/09/2005
- Occasional paper no. 35: The institutional framework for financial market policy in the USA seen from an EU perspective
- 15/09/2005
- Occasional paper no. 36: Economic and monetary integration of New Member States - helping to chart the route
- 14/09/2005
- Working paper no. 524: Price setting in the euro area: some stylized facts from individual consumer price data
Published in: Journal of Business and Economics Statistics, Vol 25 (3), 2007: pp 247-264
- 14/09/2005
- Working paper no. 523: How frequently do consumer prices change in Austria? Evidence from micro CPI data
- 14/09/2005
- Working paper no. 522: Price setting behaviour in Spain: evidence from micro PPI data
- 14/09/2005
- Working paper no. 521: Inflation persistence in structural macroeconomic models (RG10)
- 09/09/2005
- Working paper no. 520: Delegated portfolio management: a survey of the theoretical literature
Published in: Journal of Economic Surveys, 20, 5, pp. 823-848.
- 09/09/2005
- Working paper no. 519: Non-Keynesian effects of fiscal contraction in new member states
- 09/09/2005
- Working paper no. 518: Term structure and the sluggishness of retail bank interest rates in euro area countries
- 08/09/2005
- The reform of the renminbi exchange rate regimeEconomic Bulletin Issue 9, 2005
- 08/09/2005
- ECB staff macroeconomic projections for the euro areaEconomic Bulletin Issue 9, 2005
- 08/09/2005
- Construction developments in the euro areaEconomic Bulletin Issue 9, 2005
- 08/09/2005
- What can explain the differences in wage growth between market and non-market services?Economic Bulletin Issue 9, 2005
- 08/09/2005
- The cost of equity in the euro area and in the United StatesEconomic Bulletin Issue 9, 2005
- 08/09/2005
- Recent developments in government bond yield spreads in euro area countriesEconomic Bulletin Issue 9, 2005
- 08/09/2005
- Liquidity conditions and monetary policy operations from 11 May to 9 August 2005Economic Bulletin Issue 9, 2005
- 08/09/2005
- The impact of MFI loan securitisation on monetary analysis in the euro areaEconomic Bulletin Issue 9, 2005
- 01/09/2005
- Research Bulletin No. 3
- 01/09/2005
- ECB staff macroeconomic projections for the euro area
- 29/08/2005
- Result of oversight assessment of retail payment systems in euro
- 26/08/2005
- Working paper no. 517: Credit ratings and the standardised approach to credit risk in Basel II
- 26/08/2005
- Occasional paper no. 34: Hedge funds and their implications for financial stability
- 24/08/2005
- Working paper no. 516: The European Monetary Union as a commitment device for new EU member states
- 24/08/2005
- Working paper no. 515: An international analysis of earnings, stock prices and bond yields
Published in: Journal of Business Finance and Accounting, April-May 2007; 34(3-4): 613-41
- 22/08/2005
- Working paper no. 514: Gains from international monetary policy coordination: does it pay to be different?
- 22/08/2005
- Working paper no. 513: Does government spending crowd in private consumption? Theory and empirical evidence for the euro area
Published in: International Finance, 8(3), 435-470, 2005.
- 22/08/2005
- Working paper no. 512: Counterfeiting and inflation
- 22/08/2005
- Working paper no. 511: Time or state dependent price setting rules? Evidence from Portuguese micro data
Published in: European Economic Review, Vol 51 (7), 2007: pp 1589-1613
- 22/08/2005
- Working paper no. 510: Factor analysis in a New-Keynesian model
Published in: Journal of Econometrics (2008), 11(2), pp. 271-286; published as: "Factor Analysis in a Model with Rational Expectations".
- 22/08/2005
- TARGET2 – Innovation and Transformation, brochure (update 2005)
- 22/08/2005
- TARGET - the current system, brochure (update 2005)
- 19/08/2005
- Central banks’ provision of retail payment services in euro to credit institutions - policy statement
- 18/08/2005
- ECB statistics: a brief overview
- 15/08/2005
- The euro area at a glance
- 12/08/2005
- Working paper no. 509: Productivity shocks, budget deficits and the current account
Published in: Journal of International Money and Finance 29(8): 1562-1579, July 2010.
- 11/08/2005
- The integrated guidelines for growth and jobs 2005-2008Economic Bulletin Issue 8, 2005
- 11/08/2005
- A longer-term perspective on structural unemployment in the euro areaEconomic Bulletin Issue 8, 2005
- 11/08/2005
- Private sector expectations for the euro area: results of the Survey of Professional Forecasters for the third quarter of 2005Economic Bulletin Issue 8, 2005
- 11/08/2005
- Long-term and short-term nominal interest rates in the largest euro area countries from a historical perspectiveEconomic Bulletin Issue 8, 2005
- 11/08/2005
- The transmission of overnight interest rate volatility to longer-term interest rates in the euro area money marketEconomic Bulletin Issue 8, 2005
- 11/08/2005
- Seasonal adjustment of securities issues statisticsEconomic Bulletin Issue 8, 2005
- 11/08/2005
- The results of the July 2005 bank lending survey for the euro areaEconomic Bulletin Issue 8, 2005
- 11/08/2005
- The reform of the Stability and Growth PactEconomic Bulletin Issue 8, 2005
- 11/08/2005
- The role of "emerging Asia" in the global economyEconomic Bulletin Issue 8, 2005
- 11/08/2005
- The euro banknotes: developments and future challengesEconomic Bulletin Issue 8, 2005
- 05/08/2005
- The euro area bank lending survey
- 02/08/2005
- Payment and securities settlement systems in the European Union - Addendum incorporating 2003 figures (Blue Book, August 2005), (data for the period 1999-2003)
- 01/08/2005
- Eurosystem contribution to the public consultation by the European Commission on the Green Paper on Financial Services Policy (2005-2010)
- 26/07/2005
- Working paper no. 508: Systemic risk in alternative payment system designs
- 26/07/2005
- Working paper no. 507: Incorporating a "public good factor" into the pricing of large-value payment systems
- 26/07/2005
- Working paper no. 506: Settlement finality as a public good in large-value payment systems
- 26/07/2005
- Working paper no. 505: Public good issues in TARGET: natural monopoly, scale economies, network effects and cost allocation
- 21/07/2005
- Working paper no. 504: Monetary policy predictability in the euro area: an international comparison
- 21/07/2005
- Working paper no. 503: World trade and global integration in production processes: a re-assessment of import demand equations
- 21/07/2005
- Working paper no. 502: Fiscal and monetary rules for a currency union
- 21/07/2005
- Working paper no. 501: Measuring comovements by regression quantiles
- 20/07/2005
- Reply of the ECB to the public consultation by the CEBS on the consolidated financial reporting framework for credit institutions
- 14/07/2005
- Trends in euro area potential output growthEconomic Bulletin Issue 7, 2005
- 14/07/2005
- New series of hourly labour costs in the euro areaEconomic Bulletin Issue 7, 2005
- 14/07/2005
- Tools for calculating and interpreting real interest rate developments in the euro areaEconomic Bulletin Issue 7, 2005
- 14/07/2005
- Recent developments in MFI net external assetsEconomic Bulletin Issue 7, 2005
- 14/07/2005
- Oil-bill recycling and its impactEconomic Bulletin Issue 7, 2005
- 14/07/2005
- The Harmonised Index of Consumer Prices: concept, properties and experience to dateEconomic Bulletin Issue 7, 2005
- 14/07/2005
- The Lisbon strategy: five years onEconomic Bulletin Issue 7, 2005
- 14/07/2005
- The use of harmonised MFI interest rate statisticsEconomic Bulletin Issue 7, 2005
- 12/07/2005
- Statistical classification of financial markets instruments
- 07/07/2005
- Working paper no. 500: Fleshing out the monetary transmission mechanism: output composition and the role of financial frictions
Published in: Journal of Money, Credit and Banking, December 2006; 38(8): 2099-2133
- 07/07/2005
- Working paper no. 499: A trend-cycle(-season) filter
- 07/07/2005
- Occasional paper no. 33: Integration of securities market infrastructure in the euro area
- 01/07/2005
- Occasional paper no. 32: Managing financial crises in emerging market economies - experience with the involvement of private sector creditors
- 30/06/2005
- Occasional paper no. 31: Regional monetary integration in the member states of the Gulf Cooperation Council
- 24/06/2005
- Working paper no. 498: Financial integration and entrepreneurial activity: evidence from foreign bank entry in emerging markets
- 22/06/2005
- Occasional paper no. 29: Wealth and asset price effects on economic activity
- 21/06/2005
- Working paper no. 497: Early-warning tools to forecast general government deficit in the euro area: the role of intra-annual fiscal indicators
Published in: International Journal of Forecasting, Vol 23 (2), April 2007: pp 259-275 as "Leading Indicators for Euro Area Government deficits"
- 21/06/2005
- Working paper no. 496: Estimates of the open economy New Keynesian Phillips curve for euro area countries
Published in: Open Economies Review (2007) 18(4), 427-451.
- 21/06/2005
- Working paper no. 495: Measuring inflation persistence: a structural time series approach
- 21/06/2005
- Working paper no. 494: Cross-country efficiency of secondary education provision: a semi-parametric analysis with non-discretionary inputs
Published in: Economic Modelling (2006), 23 (3): 476-491.
- 21/06/2005
- Working paper no. 493: Optimal research in financial markets with heterogeneous private information: a rational expectations model
- 21/06/2005
- Working paper no. 492: Experimental evidence on the persistence of output and inflation
Published in: Economic Journal (2004), 117(520), pp. 603-36.
- 21/06/2005
- Assessment of SORBNET-EURO and BIREL against the Core Principles
- 21/06/2005
- Information guide for credit institutions using TARGET
- 13/06/2005
- Letter from the ECB President to Mr Nikolaos Vakalis, Member of the European Parliament
- 13/06/2005
- Guide to consultation of the European Central Bank by national authorities regarding draft legislative provisions
- 09/06/2005
- Occasional paper no. 30: Competitiveness and the export performance of the euro area
- 09/06/2005
- Indicators of euro area cost and price competitiveness: similarities and differencesEconomic Bulletin Issue 6, 2005
- 09/06/2005
- Forecasts by other institutionsEconomic Bulletin Issue 6, 2005
- 09/06/2005
- Comparison with the ECB staff macroeconomic projections of March 2005Economic Bulletin Issue 6, 2005
- 09/06/2005
- Assessing the recent impulse from the external sector to euro area activityEconomic Bulletin Issue 6, 2005
- 09/06/2005
- Major changes in euro area and Member States' national accountsEconomic Bulletin Issue 6, 2005
- 09/06/2005
- Developments in consumer goods producer pricesEconomic Bulletin Issue 6, 2005
- 09/06/2005
- The recovery in the growth of short-term MFI loans to non-financial corporations in recent quartersEconomic Bulletin Issue 6, 2005
- 09/06/2005
- Recent increase in corporate bond spreadsEconomic Bulletin Issue 6, 2005
- 09/06/2005
- Liquidity conditions and monetary policy operations from 8 February to 10 May 2005Economic Bulletin Issue 6, 2005
- 09/06/2005
- The intermediation role of insurance corporations and pension funds and its impact on monetary developmentsEconomic Bulletin Issue 6, 2005
- 02/06/2005
- Eurosystem staff macroeconomic projections for the euro area
- 01/06/2005
- Working paper no. 491: On the fit and forecasting performance of New-Keynesian models
- 01/06/2005
- Working paper no. 490: Unions, wage setting and monetary policy uncertainty
Published in: Berkeley Electronic Journals of Macroeconomics: Topics in Macroeconomics, 2009.
- 31/05/2005
- Assessing Financial Stability: Conceptual Boundaries and ChallengesFinancial Stability Review Issue 1, 2005
- 31/05/2005
- Indicators of Financial Distress in Mature EconomiesFinancial Stability Review Issue 1, 2005
- 31/05/2005
- Assessing the Determinants of Financial Distress in French, Italian and Spanish FirmsFinancial Stability Review Issue 1, 2005
- 31/05/2005
- Has the European Collateralised Debt Obligations Market Matured?Financial Stability Review Issue 1, 2005
- 31/05/2005
- Financial stability review, June 2005
- 30/05/2005
- The New EU Member States: Convergence and Stability
- 27/05/2005
- Working paper no. 489: Persistence and nominal inertia in a generalized Taylor economy: how longer contracts dominate shorter contracts
- 25/05/2005
- Regional economic integration in a global framework
- 25/05/2005
- TARGET Annual Report 2004
- 23/05/2005
- Working paper no. 488: Communication and decision-making by central bank committees: different strategies, same effectiveness?
Published in: Journal of Money, Credit and Banking 39(2-3): 509-41, March-April 2007.
- 23/05/2005
- Working paper no. 487: Computing second-order-accurate solutions for rational expectation models using linear solution methods
Published in: Journal of Economic Dynamics and Control, February 2007; 31(2): 515-30
- 23/05/2005
- Working paper no. 486: What drives productivity growth in the new EU member states? The case of Poland
Published in: Economics of Transition, Vol 16 (3), 2008: pp 467-501.
- 23/05/2005
- Working paper no. 485: Corporate investment and cash flow sensitivity: what drives the relationship?
- 17/05/2005
- Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
- 12/05/2005
- Developments in the international investment position of the euro area in 2003Economic Bulletin Issue 5, 2005
- 12/05/2005
- Entry of the currencies of Cyprus, Latvia and Malta into the Exchange Rate Mechanism II (ERM II)Economic Bulletin Issue 5, 2005
- 12/05/2005
- Latest developments in investment by type of productEconomic Bulletin Issue 5, 2005
- 12/05/2005
- Recent developments in output growth divergence across euro area countriesEconomic Bulletin Issue 5, 2005
- 12/05/2005
- Private sector expectations for the euro area: results of the Survey of Professional Forecasters for the second quarter of 2005Economic Bulletin Issue 5, 2005
- 12/05/2005
- Recent trends in residential property prices in the euro areaEconomic Bulletin Issue 5, 2005
- 12/05/2005
- Change to the index-linked bond used for the calculation of long-term break-even inflation ratesEconomic Bulletin Issue 5, 2005
- 12/05/2005
- The results of the April 2005 bank lending survey for the euro areaEconomic Bulletin Issue 5, 2005
- 12/05/2005
- Recent developments in oil pricesEconomic Bulletin Issue 5, 2005
- 12/05/2005
- Consolidation and diversification in the euro area banking sectorEconomic Bulletin Issue 5, 2005
- 12/05/2005
- The evolving framework for corporate governanceEconomic Bulletin Issue 5, 2005
- 11/05/2005
- Working paper no. 484: Fiscal federalism and public inputs provision: vertical externalities matter
- 11/05/2005
- Working paper no. 483: Money supply and the implementation of interest rate targets
- 11/05/2005
- Working paper no. 482: Forecasting macroeconomic variables for the new member states of the European Union
- 11/05/2005
- Monetary policy and inflation differentials in a heterogeneous currency areaEconomic Bulletin Issue 5, 2005
- 06/05/2005
- The euro area bank lending survey
- 03/05/2005
- Euro Money Market Study 2004
- 28/04/2005
- Occasional paper no. 26: Analysing banking sector conditions - How to use macro-prudential indicators
- 27/04/2005
- Working paper no. 481: Output and inflation responses to credit shocks: are there threshold effects in the euro area?
Published in: Studies in Nonlinear Dynamics and Econometrics, 2006, 10(2): 1-21
- 27/04/2005
- Working paper no. 480: Insurance policies for monetary policy in the euro area
- 27/04/2005
- Working paper no. 479: The performance and robustness of interest-rate rules in models of the euro area
Published in: International Journal of Central Banking, Vol 1 (1), May 2005: pp 95-132
- 27/04/2005
- Working paper no. 478: The conquest of U.S. inflation: learning and robustness to model uncertainty
Published in: Review of Economic Dynamics, Vol 8 (2), April 2005: pp 528-63
- 27/04/2005
- Working paper no. 477: Parameter misspecification and robust monetary policy rules
- 27/04/2005
- Working paper no. 476: Monetary policy with judgment: forecast targeting
- 27/04/2005
- Working paper no. 475: Monetary policy analysis with potentially misspecified models
- 26/04/2005
- Consolidated balance sheet of the Eurosystem as at 31 December 2004
- 26/04/2005
- Annual report 2004
- 26/04/2005
- Article, Annual Report, 2004, p.94-98, Banknotes and coins
- 25/04/2005
- Working paper no. 474: Calvo pricing and imperfect common knowledge: a forward looking model of rational inflation inertia
- 25/04/2005
- Working paper no. 473: Fiscal consolidations in the Central and Eastern European countries
Published in: Review of World Economics (2006), 142 (2): 402-421.
- 25/04/2005
- Working paper no. 472: Yield curve prediction for the strategic investor
- 25/04/2005
- Working paper no. 471: Real wages and local unemployment in the euro area
Published in: Economics Letters, Vol 92 (1), July 2006: pp 93-98 as "The Euro Area Wage Curve"
- 25/04/2005
- Working paper no. 470: Structural filters for monetary analysis: the inflationary movements of money in the euro area
- 25/04/2005
- Working paper no. 469: Money and prices in models of bounded rationality in high inflation economies
Published in: Review of Economic Dynamics. April 2005; 8(2): 452-79
- 14/04/2005
- Recent developments in extra-euro area trade volumes and pricesEconomic Bulletin Issue 4, 2005
- 14/04/2005
- Consumers' inflation perceptions: still at odds with official statistics?Economic Bulletin Issue 4, 2005
- 14/04/2005
- Recent developments in long-term real interest ratesEconomic Bulletin Issue 4, 2005
- 14/04/2005
- Recent trends in sovereign spreads and economic fundamentals in emerging marketsEconomic Bulletin Issue 4, 2005
- 14/04/2005
- The ESCB-CESR standards for securities clearing and settlement in the European UnionEconomic Bulletin Issue 4, 2005
- 14/04/2005
- Comparability of statistics for the euro area, the United States and JapanEconomic Bulletin Issue 4, 2005
- 14/04/2005
- Asset price bubbles and monetary policyEconomic Bulletin Issue 4, 2005
- 14/04/2005
- Letter from the ECB President to the Chairman of the International Accounting Standards Board of 13 April 2005: In support of the current proposal to amendments to IAS 39 - The fair value option
- 11/04/2005
- Occasional paper no. 28: Regulatory reforms in selected EU network industries
- 08/04/2005
- Working paper no. 466: Regulated and services' prices and inflation persistence
Published in: Managerial and Decision Economics, Vol 31: pp 193-208 as "Rigidities and inflation persistence of services and regulated prices"
- 07/04/2005
- Working paper no. 468: Endogeneities of optimum currency areas: what brings countries sharing a single currency closer together?
- 07/04/2005
- Working paper no. 467: Socio-economic development and fiscal policy: lessons from the cohesion countries for the new member states
- 01/04/2005
- Occasional paper no. 27: The EU budget - how much scope for institutional reform?
- 01/04/2005
- Research Bulletin No. 2
- 30/03/2005
- Working paper no. 465: Determinants and consequences of the unification of dual-class shares
- 30/03/2005
- Working paper no. 464: The price-setting behavior of Austrian firms: some survey evidence
- 30/03/2005
- Working paper no. 463: Break in the mean and persistence of inflation: a sectoral analysis of French CPI
- 30/03/2005
- Working paper no. 462: Time-dependent versus state-dependent pricing: a panel data approach to the determinants of Belgian consumer price changes
- 30/03/2005
- Working paper no. 461: Do decreasing hazard functions for price changes make any sense?
- 30/03/2005
- Working paper no. 460: Part-time work in EU countries: labour market mobility, entry and exit
- 30/03/2005
- Working paper no. 459: Capital flows and the US "New Economy": consumption smoothing and risk exposure
Published in: International Journal of Finance and Economics, No 12, 2007: pp 89-105 as "Irrational Exuberance and Capital Flows for the US Economy: A simple global Model"
- 30/03/2005
- Working paper no. 458: Money demand and macroeconomic stability revisited
- 30/03/2005
- Working paper no. 457: Transparency, disclosure and the federal reserve
Published in: International Journal of Central Banking 3(1): 179-225, March 2007.
- 30/03/2005
- Working paper no. 456: The French block of the ESCB multi-country model
- 16/03/2005
- Working paper no. 455: Central bank transparency and private information in a dynamic macroeconomic model
- 16/03/2005
- Working paper no. 454: European women: Why do(n't) they work?
Published in: Applied Economics, Volume 42:12, 1499-1514.
- 16/03/2005
- Working paper no. 453: Does product market competition reduce inflation? Evidence from EU countries and sectors
- 16/03/2005
- Working paper no. 452: Stocks, bonds, money markets and exchange rates: measuring international financial transmission
Published in: Journal of Applied Econometrics, Vol 26 (6), September/October 2011: pp 948–974.
- 16/03/2005
- Working paper no. 451: Breaks in the mean of inflation: how they happen and what to do with them
- 16/03/2005
- Working paper no. 450: Using mean reversion as a measure of persistence
- 16/03/2005
- Working paper no. 449: Consumer price behaviour in Italy: evidence from micro CPI data
- 16/03/2005
- Working paper no. 448: Price-setting behaviour in Belgium: what can be learned from an ad hoc survey?
- 14/03/2005
- Annual Accounts 2004
- 11/03/2005
- Statistics and their use for monetary and economic policy-making
- 10/03/2005
- ECB staff macroeconomic projections for the euro areaEconomic Bulletin Issue 3, 2005
- 10/03/2005
- Developments in euro area labour productivityEconomic Bulletin Issue 3, 2005
- 10/03/2005
- The carry-over effect on annual average real GDP growth in 2005Economic Bulletin Issue 3, 2005
- 10/03/2005
- PMI survey data on producer input and output pricesEconomic Bulletin Issue 3, 2005
- 10/03/2005
- Trends in household debt and non-performing loans in the euro areaEconomic Bulletin Issue 3, 2005
- 10/03/2005
- The pass-through of market interest rates to MFI lending rates since the start of Stage Three of EMUEconomic Bulletin Issue 3, 2005
- 10/03/2005
- A measure of the real cost of external financing of euro area non-financial corporationsEconomic Bulletin Issue 3, 2005
- 10/03/2005
- Liquidity conditions and monetary policy operations from 9 November 2004 to 7 February 2005Economic Bulletin Issue 3, 2005
- 10/03/2005
- The volatility of the overnight interest rate from a medium-term perspectiveEconomic Bulletin Issue 3, 2005
- 10/03/2005
- Inflation forecasts derived from monetary indicatorsEconomic Bulletin Issue 3, 2005
- 03/03/2005
- ECB staff macroeconomic projections for the euro area
- 01/03/2005
- Occasional paper no. 25: Government debt management in the euro area - recent theoretical developments and changes in practices
- 28/02/2005
- Working paper no. 447: Foreign exchange option and returns based correlation forecasts: evaluation and two applications
- 28/02/2005
- Working paper no. 446: Trade effects of the euro: evidence from sectoral data
- 28/02/2005
- Working paper no. 445: Welfare implications of joining a common currency
Published in: The German Economic Review, as "The minimum economic dividend for joining a currency union", Vol 13 (2), 2012: pp 127–141.
- 28/02/2005
- Working paper no. 444: Keeping up with the Joneses, reference dependence, and equilibrium indeterminacy
- 28/02/2005
- Working paper no. 443: Explaining cross-border large-value payment flows: evidence from TARGET and EURO 1 data
Published in: Journal of Banking and Finance (2006), Vol 30, pp 1753-1782
- 28/02/2005
- Working paper no. 442: Why do financial systems differ? History matters
Published in: Journal of Monetary Economics, May 2007; 54(4): 1002-17
- 28/02/2005
- List of Monetary Financial Institutions (MFI) and institutions subject to minimum reserves for 2004
- 28/02/2005
- Payment and securities settlement systems in the accession countries - Addendum incorporating 2003 figures
- 25/02/2005
- Working paper no. 441: The Phillips curve and long-term unemployment
- 25/02/2005
- Working paper no. 440: Estimating and analysing currency options implied risk-neutral density functions for the largest new EU member states
- 25/02/2005
- Working paper no. 439: A look at intraday frictions in the euro area overnight deposit market
- 25/02/2005
- Working paper no. 438: Quality of public finances and growth
Published in: Economics Letters, Vol 92 (1), July 2006: pp 93-98 as "The Euro Area Wage Curve"
- 25/02/2005
- Working paper no. 437: What drives international bank flows? Politics, institutions and other determinants
- 25/02/2005
- Working paper no. 436: Measuring market and inflation risk premia in France and in Germany
- 25/02/2005
- Working paper no. 435: Reforming public expenditure in industrialised countries: are there trade-offs?
Published in: Fiscal Policy Surveillance in Europe, P. Wierts, S. Deroose, E. Flores and A. Torrini (eds.), Palgrave Macmillan, September 2006.
- 25/02/2005
- Occasional paper no. 24: Wage diversity in the euro area - an overview of labour cost differentials across industries
- 22/02/2005
- Review of the application of the Lamfalussy framework to EU securities markets legislation
- 21/02/2005
- The implementation of monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures
- 11/02/2005
- Occasional paper no. 23: The bank lending survey for the euro area
- 10/02/2005
- The (un)reliability of output gap estimates in real timeEconomic Bulletin Issue 2, 2005
- 10/02/2005
- Private sector expectations for inflation and economic activity in the euro area: results of the Survey of Professional Forecasters for the first quarter of 2005 and other available indicatorsEconomic Bulletin Issue 2, 2005
- 10/02/2005
- Fixed rate and variable rate long-term debt securities issued by euro area residentsEconomic Bulletin Issue 2, 2005
- 10/02/2005
- External capital flows and domestic monetary dynamics in the euro areaEconomic Bulletin Issue 2, 2005
- 10/02/2005
- The results of the January 2005 bank lending survey for the euro areaEconomic Bulletin Issue 2, 2005
- 10/02/2005
- Bank market disciplineEconomic Bulletin Issue 2, 2005
- 10/02/2005
- Initial experience with the changes to the Eurosystem's operational framework for monetary policy implementationEconomic Bulletin Issue 2, 2005
- 10/02/2005
- Euro area balance of payments and international investment position vis-à-vis main counterpartsEconomic Bulletin Issue 2, 2005
- 08/02/2005
- Progress Report on Target2 [online only]
- 04/02/2005
- The euro area bank lending survey
- 31/01/2005
- Working paper no. 434: Interest rates and output in the long-run
- 31/01/2005
- Working paper no. 433: Implementing the stability and growth pact: enforcement and procedural flexibility
- 31/01/2005
- Working paper no. 432: Trading European sovereign bonds: the microstructure of the MTS trading platforms
- 31/01/2005
- Working paper no. 431: Regulation of multinational banks: a theoretical inquiry
- 31/01/2005
- Working paper no. 430: Public policy and the creation of active venture capital markets
Published in: Journal of Public Economics, Vol 90 (8-9), September 2006: pp 1699-1723
- 31/01/2005
- Working paper no. 429: Cross-border diversification in bank asset portfolios
- 31/01/2005
- Working paper no. 428: Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings
- 31/01/2005
- Banking structures in the new EU Member States
- 28/01/2005
- Occasional paper no. 22: Assessing potential output growth in the euro area - a growth accounting perspective, January 2005
- 25/01/2005
- Working paper no. 427: Interlinking securities settlement systems: a strategic commitment?
- 25/01/2005
- Working paper no. 426: Security fungibility and the cost of capital: evidence from global bonds
Published in: Journal of Financial and Quantitative Analysis, Vol 40 (4), December 2005: pp 849-72
- 25/01/2005
- Working paper no. 425: Geographic versus industry diversification: constraints matter
Published in: Journal of Empirical Finance, Vol 13, 2006: pp 396-416
- 20/01/2005
- Using information from the weekly Oil Bulletin to monitor short-term energy price developmentsEconomic Bulletin Issue 1, 2005
- 20/01/2005
- Determinants of the fall of corporate bond spreads in recent yearsEconomic Bulletin Issue 1, 2005
- 20/01/2005
- Approaches to identifying and estimating portfolio shifts into and out of M3Economic Bulletin Issue 1, 2005
- 20/01/2005
- Financial flows to emerging market economies: Changing patterns and recent developmentsEconomic Bulletin Issue 1, 2005
- 20/01/2005
- The new Basel capital accord: main features and implicationsEconomic Bulletin Issue 1, 2005
- 14/01/2005
- Euro area balance of payments and international investment position statistics - 2004 quality report
- 07/01/2005
- Review of the international role of the euro, January 2005
- 06/01/2005
- Recycling of euro banknotes : framework for the detection of counterfeits and fitness sorting by credit institutions and other professional cash handlers