Publications published in 2010

23/12/2010
Working paper no. 1283: How large are housing and financial wealth effects? A new approach
Published in: Journal of Money, Credit, and Banking, Vol 43, 2011: pp 55-79
23/12/2010
Working paper no. 1282: The minimum liquidity deficit and the maturity structure of central banks' open market operations: lessons from the financial crisis
23/12/2010
Working paper no. 1281: A quantitative mirror on the Euribor market using implied probability density functions
Published in: Eurasian Economic Review, Vol 2 (1): pp 1-31.
21/12/2010
Euro Money Market Study 2010
[online only]
Press release:
17/12/2010
Working paper no. 1280: Can we prevent boom-bust cycles during euro area accession?
Published in: Open Economies Review, Vol 25 (1), 2014: pp 35-69
14/12/2010
Working paper no. 1279: Openness and optimal monetary policy
14/12/2010
Working paper no. 1278: Shocking stuff: technology, hours, and factor substitution
Published in: Journal of the European Economic Association, Feb 2014 (forthcoming)
14/12/2010
ECB Environmental Statement 2010
[online only]
09/12/2010
Statistics Pocket Book, December 2010
09/12/2010
Monthly Bulletin, December 2010
09/12/2010
Focus: Forecasts by other institutions
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: Technical assumptions about interest rates, exchange rates, commodity prices and fiscal policies
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: Recent developments in EU financial stability arrangements
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: Recent unemployment developments in the euro area
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: Developments in the euro area and global car industries
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: Recent housing market developments in the euro area
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: Liquidity conditions and monetary policy operations in the period from 11 August to 9 November 2010
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: The impact of the yield curve on recent developments in monetary aggregates
Monthly Bulletin Issue 12, 2010
09/12/2010
Focus: The economic recovery in the central and eastern European EU countries
Monthly Bulletin Issue 12, 2010
09/12/2010
Financial Stability Review
08/12/2010
Working paper no. 1277: Combining the forecasts in the ECB survey of professional forecasters: can anything beat the simple average?
Published in: International Journal of Forecasting, Vol 29(1), 2013: pp 18-121, as Combining expert forecasts: "Can anything beat the simple average?"
08/12/2010
Working paper no. 1276: Level, slope, curvature of the sovereign yield curve, and fiscal behaviour
Published in: Journal of Banking and Finance, Vol 36 (6), 2012: pp 1789-1907.
08/12/2010
Working paper no. 1275: Nowcasting
Published in: Oxford Handbook on Economic Forecasting, eds. Michael P. Clements and David F. Hendry: 2011.
08/12/2010
Letter from the ECB President to Mr Crescenzio Rivellini, Member of the European Parliament, regarding questions related to the European economic strategy regarding China’s monetary policy
ENGLISH
OTHER LANGUAGES (1) +
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[online only]
03/12/2010
Working paper no. 1274: Firms' reactions to the crisis and their consequences for the labour market. Results of a company survey conducted in Austria
02/12/2010
Working paper no. 1273: Interest rate effects of demographic changes in a New-Keynesian life-cycle framework
Published in: Macroeconomic Dynamics (forthcoming)
02/12/2010
Working paper no. 1272: The impact of public guarantees on bank risk taking: evidence from a natural experiment
02/12/2010
Letter from the ECB President to Mr Diogo Feio, Member of the European Parliament, regarding press reports pertaining to Greece.
ENGLISH
OTHER LANGUAGES (1) +
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[online only]
02/12/2010
Eurosystem staff macroeconomic projections for the euro area
[online only]
01/12/2010
Working paper no. 1271: An analysis of euro area sovereign CDS and their relation with government bonds
01/12/2010
Working paper no. 1270: Inflation risk premia in the US and the euro area
01/12/2010
Working paper no. 1269: Downward wage rigidity and automatic wage indexation: evidence from monthly micro wage data
19/11/2010
Research Bulletin No. 11
16/11/2010
Working paper no. 1268: Changes in the Austrian structure of wages, 1996-2002: evidence from linked employer-employee data
16/11/2010
Working paper no. 1267: Keynesian government spending multipliers and spillovers in the euro area
16/11/2010
Working paper no. 1266: Towards expenditure rules and fiscal sanity in the euro area
12/11/2010
Article: Enhancing monetary analysis
Monthly Bulletin Issue 11, 2010
12/11/2010
Article: Asset price bubbles and monetary policy revisited
Monthly Bulletin Issue 11, 2010
11/11/2010
Statistics Pocket Book, November 2010
11/11/2010
Monthly Bulletin, November 2010
11/11/2010
Focus: Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2010
Monthly Bulletin Issue 11, 2010
11/11/2010
Focus: Drivers of recent inflation developments
Monthly Bulletin Issue 11, 2010
11/11/2010
Focus: Integrated euro area accounts for the second quarter of 2010
Monthly Bulletin Issue 11, 2010
11/11/2010
Focus: The results of the “Survey on the access to finance of small and medium-sized enterprises in the euro area”
Monthly Bulletin Issue 11, 2010
11/11/2010
Focus: The results of the October 2010 bank lending survey for the euro area
Monthly Bulletin Issue 11, 2010
11/11/2010
Focus: The roles of various industries in recent developments in MFI loans to non-financial corporations
Monthly Bulletin Issue 11, 2010
05/11/2010
Occasional paper no. 121: The benefits of fiscal consolidation in uncharted waters
03/11/2010
Working paper no. 1265: How much does the public know about the ECB's monetary policy? Evidence from a survey of Dutch households
03/11/2010
Working paper no. 1264: On approximating DSGE models by series expansions
03/11/2010
Working paper no. 1263: Autoregressions in small samples, priors about observables and initial conditions
02/11/2010
Working paper no. 1262: The impact of supply constraints on bank lending in the euro area - crisis induced crunching?
02/11/2010
Working paper no. 1261: Surprising comparative properties of monetary models: Results from a new model database
02/11/2010
Working paper no. 1260: A decade (and a global financial crisis) after Blinder: The interaction between researchers and policy-makers in central banks
22/10/2010
7th SEPA progress report: Beyond theory into practice
[online only]
Press release:
22/10/2010
Survey on the access to finance of SMEs in the euro area - March to September 2010
[online only]
Press release:
21/10/2010
Working paper no. 1259: Finance and diversification
21/10/2010
Occasional paper no. 120: Dancing together at arm's length? - the interaction of central banks with governments in the G7
20/10/2010
Working paper no. 1258: Unconventional monetary policy and the great recession - Estimating the impact of a compression in the yield spread at the zero lower bound
20/10/2010
Working paper no. 1257: Explaining the money demand of non-financial corporations in the Euro area: A macro and a micro view
20/10/2010
Working paper no. 1256: Credit risk transfers and the macroeconomy
20/10/2010
Recent developments in supervisory structures in the EU Member States (2007-10)
[online only]
18/10/2010
Occasional paper no. 119: The global downturn and its impact on euro area exports and competitiveness
18/10/2010
Article: The ECB's response to the financial crisis
Monthly Bulletin Issue 10, 2010
14/10/2010
Statistics Pocket Book, October 2010
14/10/2010
Monthly Bulletin, October 2010
14/10/2010
Working paper no. 1255: Predicting recession probabilities with financial variables over multiple horizons
14/10/2010
Working paper no. 1254: Global policy at the zero lower bound in a large-scale DSGE model
Published in: Journal of International Money and Finance, Vol 50, February 2015: pp 134-153
14/10/2010
Focus: The euro area job vacancy rate: a new statistical series
Monthly Bulletin Issue 10, 2010
14/10/2010
Focus: The recovery of production capacity utilisation in the euro area
Monthly Bulletin Issue 10, 2010
14/10/2010
Focus: Recent developments in euro area money market funds
Monthly Bulletin Issue 10, 2010
14/10/2010
Focus: Trends in world trade following the financial crisis
Monthly Bulletin Issue 10, 2010
14/10/2010
Focus: The growing importance of emerging economies
Monthly Bulletin Issue 10, 2010
14/10/2010
Enhancing monetary analysis Press release:
13/10/2010
Information brochure: A single currency - an integrated market infrastructure (T2, T2S, CCBM2, SEPA)
13/10/2010
Summary of the outcome of the public consultation on the oversight frameworks for credit transfer and direct debit schemes
[online only]
Press release:
13/10/2010
Oversight framework for direct debit schemes
[online only]
Press release:
13/10/2010
Oversight framework for credit transfer schemes
[online only]
Press release:
01/10/2010
Working paper no. 1253: Monetary policy in exceptional times
Published in: Economic Policy, Vol 25, 2010: pp 295-339.
01/10/2010
Working paper no. 1252: Interbank market integration, loan rates, and firm leverage
Published in: Journal of Banking and Finance, Vol 35 (3), 2011: pp 544-560
01/10/2010
Working paper no. 1251: Macroeconomic propagation under different regulatory regimes: Evidence from an estimated DSGE model for the euro area
Published in: International Journal of Central Banking, December 2011: pp 49-113.
01/10/2010
Working paper no. 1250: Optimal monetary policy with state-dependent pricing
01/10/2010
Working paper no. 1249: Forecasting and assessing Euro area house prices through the lens of key fundamentals
01/10/2010
Working paper no. 1248: Bank risk-taking, securitization, supervision and low interest rates: Evidence from the euro area and the U.S. lending standards
Published in: Review of Financial Studies, Vol 24, 2011: pp 2121-65
01/10/2010
Working paper no. 1247: The Euro overnight interbank market and ECB's liquidity management policy during tranquil and turbulent times
29/09/2010
Report on EU banking structures
[online only]
29/09/2010
Beyond RoE: How to measure bank performance. Appendix to the report on EU banking structures
[online only]
29/09/2010
EU banking sector stability
[online only]
23/09/2010
Euro Money Market Survey 2010
[online only]
Press release:
22/09/2010
Working paper no. 1246: Predicting recessions and recoveries in real time: The euro area-wide leading indicator (ALI)
20/09/2010
Working paper no. 1245: Firms and the global crisis: French exports in the turmoil
20/09/2010
Working paper no. 1244: Trade with central and eastern Europe: Is it really a threat to wages in the west?
15/09/2010
Working paper no. 1243: Current account determinants and external sustainability in periods of structural change
15/09/2010
Working paper no. 1242: Changes in the Czech wage structure: Does immigration matter?
15/09/2010
Working paper no. 1241: Major public debt reductions: Lessons from the past, lessons for the future
15/09/2010
Working paper no. 1240: Monetary policy, asset prices and consumption in China
15/09/2010
Working paper no. 1239: Supply, demand and monetary policy shocks in a multi-country New Keynesian Model
15/09/2010
Working paper no. 1238: Household money holdings in the euro area: An explorative investigation
09/09/2010
Statistics Pocket Book, September 2010
09/09/2010
Monthly Bulletin, September 2010
09/09/2010
Focus: Fiscal anchoring amid uncertainty
Monthly Bulletin Issue 9, 2010
09/09/2010
Focus: ECB staff macroeconomic projections for the euro area
Monthly Bulletin Issue 9, 2010
09/09/2010
Focus: A real-time database for the euro area
Monthly Bulletin Issue 9, 2010
09/09/2010
Focus: A comparison of trends in euro area commercial and residential property prices
Monthly Bulletin Issue 9, 2010
09/09/2010
Focus: Liquidity conditions and monetary policy operations in the period from 12 May 2010 to 10 August 2010
Monthly Bulletin Issue 9, 2010
09/09/2010
Focus: The role of inter-MFI transactions in recent MFI balance sheet developments
Monthly Bulletin Issue 9, 2010
09/09/2010
Focus: The impact of US housing support initiatives on recent housing market developments
Monthly Bulletin Issue 9, 2010
08/09/2010
Eurosystem assessment report on the implementation of the business continuity oversight expectations for systemically important payment systems
[online only]
Press release:
06/09/2010
The payment system – payments, securities and derivatives, and the role of the Eurosystem in this field ePub: en
Press release:
02/09/2010
ECB staff macroeconomic projections for the euro area
[online only]
23/08/2010
Working paper no. 1237: The impact of high and growing government debt on economic growth: an empirical investigation for the euro area
Published in: European Economic Review 56 (2012) 1392–1405.
23/08/2010
Working paper no. 1236: Is the New Keynesian IS curve structural?
23/08/2010
Working paper no. 1235: A note on identification patterns in DSGE models
23/08/2010
Working paper no. 1234: Imposing parsimony in cross-country growth regressions
16/08/2010
Working paper no. 1233: Bank heterogeneity and monetary policy transmission
12/08/2010
Statistics Pocket Book, August 2010
12/08/2010
Monthly Bulletin, August 2010
12/08/2010
Occasional paper no. 118: The impact of the global financial turmoil and recession on Mediterranean countries' economies
12/08/2010
Focus: The introduction of the euro in Estonia on 1 January 2011
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: Results of the ECB Survey of Professional Forecasters for the third quarter of 2010
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: Euro area house prices and the rent component of the HICP
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: Integrated euro area accounts for the first quarter of 2010
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: An assessment of the capital shortfall revealed in the EU-wide stress-testing exercise
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: Covered bond market developments and the covered bond purchase programme
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: The results of the July 2010 bank lending survey for the euro area
Monthly Bulletin Issue 8, 2010
12/08/2010
Focus: The funding of euro area MFIs through the issuance of debt securities
Monthly Bulletin Issue 8, 2010
12/08/2010
Article: Harmonised ECB statistics on euro area investment funds and their analytical use for monetary policy purposes
Monthly Bulletin Issue 8, 2010
12/08/2010
Article: Recent developments in global and euro area trade
Monthly Bulletin Issue 8, 2010
12/08/2010
Article: Oil prices - their determinants and impact on euro area inflation and the macroeconomy
Monthly Bulletin Issue 8, 2010
05/08/2010
Working paper no. 1232: The impact of monetary policy shocks on commodity prices
05/08/2010
Commission public consultation on short selling - Eurosystem reply
[online only]
02/08/2010
Working paper no. 1231: Real convergence and its illusions
Published in: Economic Modelling, Vol 37 (C), 2014, pp 79-88
26/07/2010
Occasional paper no. 115: Financial stability challenges in EU candidate countries - Financial systems in the aftermath of the global crisis
23/07/2010
EU stress-test exercise. Key messages on methodological issues
[online only]
Press release:
23/07/2010
2010 EU-wide stress testing exercise: Questions & Answers
[online only]
Press release:
23/07/2010
EU stress-test exercise. Technical note on the macroeconomic scenarios and reference risk parameters
[online only]
Press release:
22/07/2010
Working paper no. 1230: Time variation in U.S. wage dynamics
22/07/2010
Working paper no. 1229: Inflation and inflation uncertainty in the euro area
Published in: Empirical Economics (forthcoming).
22/07/2010
Working paper no. 1228: Trusting the bankers: a new look at the credit channel of monetary policy
21/07/2010
Working paper no. 1227: Exports and sectoral financial dependence: evidence on French firms during the great global crisis
16/07/2010
Working paper no. 1226: Chronicle of currency collapses: re-examining the effects on output
Published in: Journal of International Money and Finance, Vol 31 (4), June 2012: pp 680–708.
16/07/2010
Working paper no. 1225: Price and wage formation in Portugal
16/07/2010
Working paper no. 1224: Wages, labor or prices: how do firms react to shocks?
16/07/2010
Working paper no. 1223: The dark side of bank wholesale funding
16/07/2010
Working paper no. 1222: Monetary policy and capital regulation in the US and Europe
16/07/2010
Working paper no. 1221: Financial regulation, financial globalization and the synchronization of economic activity
16/07/2010
Working paper no. 1220: The gains from early intervention in Europe: Fiscal surveillance and fiscal planning using cash data
16/07/2010
Working paper no. 1219: Transmission of government spending shocks in the euro area: Time variation and driving forces
15/07/2010
Statistics Pocket Book, July 2010
15/07/2010
Monthly Bulletin, July 2010
15/07/2010
Focus: China’s reform of the renminbi exchange rate regime
Monthly Bulletin Issue 7, 2010
15/07/2010
Focus: A comparison of employment developments in the euro area and the United States
Monthly Bulletin Issue 7, 2010
15/07/2010
Focus: Household consumption of durable goods during the latest recession
Monthly Bulletin Issue 7, 2010
15/07/2010
Focus: New statistical series of hours worked, productivity and labour costs for the euro area
Monthly Bulletin Issue 7, 2010
15/07/2010
Article: The impact of the financial crisis on the central and eastern European countries
Monthly Bulletin Issue 7, 2010
15/07/2010
Article: The effectiveness of euro area fiscal policies
Monthly Bulletin Issue 7, 2010
15/07/2010
Article: Labour market adjustments to the recession in the euro area
Monthly Bulletin Issue 7, 2010
14/07/2010
The international role of the euro Press release:
09/07/2010
European Commission’s public consultation on derivatives and market infrastructures - Eurosystem contribution
[online only]
08/07/2010
Occasional paper no. 117: Extraordinary measures in extraordinary times: public measures in support of the financial sector in the EU and the United States
08/07/2010
Occasional paper no. 116: Securities clearing and settlement in China: markets, infrastructures and policy-making
08/07/2010
Monthly Report on the Eurosystem's covered bond purchase programme, June 2010
[online only]
07/07/2010
Letter from the ECB President to Mr Ioannis A. Tsoukalas, Member of the European Parliament, on questions related to the Greek crisis
ENGLISH
OTHER LANGUAGES (1) +
Select your language

[online only]
30/06/2010
Occasional paper no. 114: The impact of the global economic and financial crisis on central, eastern and south-eastern Europe: A stock-taking exercise
28/06/2010
Letter from the ECB President to Mr Andreas Mölzer, Member of the European Parliament, regarding questions related to the governance of the euro area
ENGLISH
OTHER LANGUAGES (1) +
Select your language

[online only]
25/06/2010
Working paper no. 1218: Sectoral money demand and the great disinflation in the US
Published in: Journal of Money, Credit and Banking, Vol. 42, Issue 8 (December 2010), pp. 1663-1678.
25/06/2010
Working paper no. 1217: Fiscal policy and growth: do financial crises make a difference?
25/06/2010
Working paper no. 1216: What lies beneath the euro's effect on financial integration? Currency risk, legal harmonization, or trade?
Published in: Journal of International Economics (forthcoming).
25/06/2010
Working paper no. 1215: Formal education, mismatch and wages after transition: Assessing the impact of unobserved heterogeneity using matching estimators
Published in: Economics of Education Review, Vol 29(6), 2010: pp 1086-1099.
25/06/2010
Working paper no. 1214: Detecting and interpreting financial stress in the euro area
25/06/2010
Working paper no. 1213: The incidence of nominal and real wage rigidity: an individual-based sectoral approach
Published in: Journal of the European Economic Association, Vol 8 (2-3), April-May 2010: pp 487-496
25/06/2010
Research Bulletin No. 10
21/06/2010
Occasional paper no. 112: Public wages in the euro area - towards securing stability and competitiveness
17/06/2010
Statistics Pocket Book, June 2010
17/06/2010
Monthly Bulletin, June 2010
17/06/2010
Focus: Financial turmoil and euro area cross-border financial flows
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Forecasts by other institutions
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Technical assumptions about interest rates, exchange rates, commodity prices and fiscal policies
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Gross government debt and government financial assets in the euro area
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Fiscal consolidations: past experience, costs and benefits
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Recent labour supply developments
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Agricultural commodities and euro area HICP food prices
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Developments in financial markets in early May
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Liquidity conditions and monetary policy operations in the period from 10 February 2010 to 11 May 2010
Monthly Bulletin Issue 6, 2010
17/06/2010
Focus: Euro area money growth and the “Securities Markets Programme”
Monthly Bulletin Issue 6, 2010
17/06/2010
Letter from the ECB President to the President of the European Council, Mr. Herman Van Rompuy, presenting the ECB's Governing Council proposals for reinforcing economic governance in the euro area
[online only]
17/06/2010
Reinforcing economic governance in the euro area
The ECB's Governing Council proposals to strengthen decisively governance and enforcement structures in the economic policy framework of the euro area [online only]
16/06/2010
Occasional paper no. 113: Energy markets and the euro area macroeconomy
10/06/2010
Working paper no. 1212: Multimarket trading and the cost of debt: evidence from global bonds
10/06/2010
Working paper no. 1211: Efficiency and risk in european banking
Published in: Journal of Banking and Finance, forthcoming.
10/06/2010
Working paper no. 1210: Towards a robust monetary policy rule for the euro area
10/06/2010
Working paper no. 1209: Epstein-Zin preferences and their use in macro-finance models: implications for optimal monetary policy
10/06/2010
Working paper no. 1208: Reverse causality in global current accounts
10/06/2010
Working paper no. 1207: Money growth and inflation: a regime switching approach
Published in: Journal of International Money and Finance, 2012.
10/06/2010
Eurosystem staff macroeconomic projections for the euro area
[online only]
10/06/2010
Monthly Report on the Eurosystem's covered bond purchase programme, May 2010
[online only]
08/06/2010
Working paper no. 1206: Relative house price dynamics across euro area and US cities: convergence or divergence?
08/06/2010
Working paper no. 1205: Nelson-Siegel, affine and quadratic yield curve specifications: which one is better at forecasting?
Published in: Journal of Forecasting, Vol 31(6), 2012: pp 540-564
07/06/2010
Structural Issues Report 2010 - Energy markets and the euro area macroeconomy
[online only]
Press release:
04/06/2010
Working paper no. 1204: Banking sector output measurement in the euro area - a modified approach
Published in: Review of Income and Wealth, Vol 58 (1), 2012: pp 142-165
04/06/2010
Working paper no. 1203: Cross-border banking and the international transmission of financial distress during the crisis of 2007-2008
Published in: Journal of International Economics, Vol 87 (1), May 2012: pp 147–161
04/06/2010
Working paper no. 1202: Involuntary unemployment and the business cycle
04/06/2010
Working paper no. 1201: Growth strategies and value creation: what works best for stock exchanges?
31/05/2010
Occasional paper no. 110: Protectionist responses to the crisis – global trends and implications
31/05/2010
Financial Stability Review June 2010
21/05/2010
Letter from the ECB President to Mr Paulo Rangel, Member of the European Parliament, regarding structural reforms
ENGLISH
OTHER LANGUAGES (1) +
Select your language
20/05/2010
Working paper no. 1200: Testing the asset pricing model of exchange rates with survey data
20/05/2010
Working paper no. 1199: Changes in the wage structure in EU countries
20/05/2010
Working paper no. 1198: Wage and price setting behaviour of Lithuanian firms
20/05/2010
Working paper no. 1197: Investors with too many options?
20/05/2010
Working paper no. 1196: Reputational contagion and optimal regulatory forbearance
20/05/2010
Working paper no. 1195: The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area
Published in: Economic Modelling (Elsevier), Vol 29(5), 2012: pp 1686-1714
20/05/2010
Working paper no. 1194: Econometric analysis of high dimensional VARs featuring a dominant unit
20/05/2010
Working paper no. 1193: Should larger reserve holdings be more diversified?
Published in: International Finance, Vol 14 (3), 2011: pp 415–444.
20/05/2010
Working paper no. 1192: Financial factors in economic fluctuations
20/05/2010
Working paper no. 1191: Money in monetary policy design: Monetary cross-checking in the New-Keynesian model
20/05/2010
Working paper no. 1190: Booms and busts in China's stock market: Estimates based on fundamentals
Published in: Applied Financial Economics, Vol 21 (5): pp 287–300.
20/05/2010
Working paper no. 1189: Maximum likelihood estimation of factor models on data sets with arbitrary pattern of missing data
Published in: Journal of Applied Econometrics, November 2012 (online)
18/05/2010
TARGET Annual Report 2009
[online only]
Press release:
14/05/2010
Occasional paper no. 111: Main drivers of the ECB financial accounts and ECB financial strength over the first 11 years
13/05/2010
Statistics Pocket Book, May 2010
13/05/2010
Monthly Bulletin, May 2010
13/05/2010
Focus: Recent developments in the gross external debt of the euro area
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Extra-euro area export prices and exchange rate pass-through
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Results of the ECB Survey of Professional Forecasters for the second quarter of 2010
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Recent housing market developments in the euro area
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Wage developments in the euro area and the United States during the recent economic downturn: a comparative analysis
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Integrated euro area accounts for the fourth quarter of 2009
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: The Greek economic and financial adjustment programme
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Financial integration and the financial crisis in 2008: a cross-border portfolio allocation perspective
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: The size and composition of government borrowing in the euro area
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: The results of the April 2010 bank lending survey for the euro area
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Real estate developments in the euro area and their impact on loans to the private sector
Monthly Bulletin Issue 5, 2010
13/05/2010
Focus: Additional measures decided by the Governing Council
Monthly Bulletin Issue 5, 2010
13/05/2010
Article: The "Great Inflation": lessons for monetary policy
Monthly Bulletin Issue 5, 2010
13/05/2010
Article: Monetary policy transmission in the euro area, a decade after the introduction of the euro
Monthly Bulletin Issue 5, 2010
12/05/2010
Convergence Report 2010
06/05/2010
Monthly Report on the Eurosystem's covered bond purchase programme, April 2010
[online only]
05/05/2010
Working paper no. 1188: Are policy counterfactuals based on structural VAR's reliable?
05/05/2010
Working paper no. 1187: Substitution between domestic and foreign currency loans in Central Europe. Do central banks matter?
05/05/2010
Working paper no. 1186: Modelling anti-inflationary monetary targeting: with an application to Romania
05/05/2010
Working paper no. 1185: Forecasting with DSGE models
Published in: Handbook of Economic Forecasting, Oxford University Press, Chapter 4, pp. 89-127, 2011.
28/04/2010
ECB statistics: a brief overview
28/04/2010
Memorandum of understanding on the exchange of information among national central credit registers for the purpose of passing it on to reporting institutions
Annexes updated: January 2012 [online only]
27/04/2010
European Statistics provided by the ESCB – The Governance Structure –
[online only]
27/04/2010
ECB statistics - an overview
[online only]
23/04/2010
Results of the public consultation on ABS loan-level information in the Eurosystem collateral framework
[online only]
Public consultation
21/04/2010
Working paper no. 1184: Costs, demand, and producer price changes
21/04/2010
Working paper no. 1183: Labor market institutions and the business cycle - unemployment rigidities vs. real wage rigidities
21/04/2010
Working paper no. 1182: Inter-industry wage differentials in EU countries: what do cross-country time varying data add to the picture?
Published in: Journal of the European Economic Association, Vol 8 (2-3): pp 478-86
21/04/2010
Working paper no. 1181: Wage setting and wage flexibility in Ireland - Results from a firm-level survey
21/04/2010
Working paper no. 1180: Nominal and real wage rigidities. In theory and in Europe
21/04/2010
Working paper no. 1179: Credit supply - Identifying balance-sheet channels with loan applications and granted loans
21/04/2010
Working paper no. 1178: Monetary policy, housing booms and financial (im)balances
21/04/2010
Working paper no. 1177: Price and trading response to public information
21/04/2010
Working paper no. 1176: Evolving Phillips trade-off
21/04/2010
Working paper no. 1175: In dubio pro CES - Supply estimation with mis-specified technical change
21/04/2010
Working paper no. 1174: How far are we from the slippery slope? The Laffer curve revisited
21/04/2010
Working paper no. 1173: Market power and fiscal policy in OECD countries
Published in: Applied Economics, Vol 45 (32), 2013: pp 4509-4519
19/04/2010
Annual Report 2009
19/04/2010
Report on the lessons learned from the financial crisis with regard to the functioning of European financial market infrastructures
[online only]
15/04/2010
Statistics Pocket Book, April 2010
15/04/2010
Monthly Bulletin, April 2010
15/04/2010
Focus: The international dimension of bank deleveraging
Monthly Bulletin Issue 4, 2010
15/04/2010
Focus: The current euro area recovery across economic sectors from a historical perspective
Monthly Bulletin Issue 4, 2010
15/04/2010
Focus: Business investment, capacity utilisation and demand
Monthly Bulletin Issue 4, 2010
15/04/2010
Focus: Profit developments and their behaviour after periods of recession
Monthly Bulletin Issue 4, 2010
15/04/2010
Focus: Money markets' reaction to announcements regarding the phasing-out of non-standard measures
Monthly Bulletin Issue 4, 2010
15/04/2010
Focus: Weak money growth: a review of past episodes
Monthly Bulletin Issue 4, 2010
15/04/2010
Focus: Prospects for the labour market recovery in the United States
Monthly Bulletin Issue 4, 2010
15/04/2010
Article: Prospects for real and financial imbalances and a global rebalancing
Monthly Bulletin Issue 4, 2010
15/04/2010
Article: Measures taken by euro area governments in support of the financial sector
Monthly Bulletin Issue 4, 2010
15/04/2010
Article: Tools for preparing short-term projections of the euro area inflation
Monthly Bulletin Issue 4, 2010
14/04/2010
Working paper no. 1172: Size, openness, and macroeconomic interdependence
14/04/2010
Working paper no. 1171: The external finance premium in the euro area A useful indicator for monetary policy?
14/04/2010
Working paper no. 1170: Global commodity cycles and linkages a FAVAR approach
14/04/2010
Working paper no. 1169: The impact of numerical expenditure rules on budgetary discipline over the cycle
Published in: Applied Economics (forthcoming).
14/04/2010
Working paper no. 1168: Food price pass-through in the euro area The role of asymmetries and non-linearities
Published in: International Journal of Central Banking, Vol 8 (1), March 2012: pp 179-218
14/04/2010
Working paper no. 1167: Macroeconomic forecasting and structural change
Published in: Journal of Applied Econometrics, Vol 28(1), 2013: pp 82-101
14/04/2010
Occasional paper no. 109: Euro area fiscal policies and the crisis
12/04/2010
Financial integration in Europe Press release:
08/04/2010
Monthly Report on the Eurosystem's covered bond purchase programme
[online only]
31/03/2010
Working paper no. 1166: Does monetary policy affect bank risk-taking?
31/03/2010
Working paper no. 1165: The term structure of risk premia: new evidence from the financial crisis
31/03/2010
Working paper no. 1164: Price, wage and employment response to shocks: evidence from the WDN survey
31/03/2010
Euro area balance of payments and international investment position statistics - 2009 quality report
[online only]
31/03/2010
Euro area monetary and financial statistics - 2009 quality report
[online only]
30/03/2010
Working paper no. 1163: Asset pricing, habit memory, and the labor market
Published in: Journal of Money, Credit and Banking as "Asset returns and labor supply in a production economy" (forthcoming)
30/03/2010
Working paper no. 1162: Inflation risks and inflation risk premia
30/03/2010
Legal working paper no. 11: The role of national central banks in banking supervision in selected central and eastern European countries
24/03/2010
Letter from the ECB President to Mr Nikolaos Chountis, Member of the European Parliament, regarding credit rating agencies
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22/03/2010
Government Finance Statistics Guide
[online only]
22/03/2010
Research Bulletin No. 9
16/03/2010
Occasional paper no. 108: Trade consistency in the context of the Eurosystem projection exercises - an overview
16/03/2010
Letter from the ECB President to Mr. Nuno Melo, Member of the European Parliament, concerning the increase in the capital of Banco Português de Negócios (BPN)
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12/03/2010
Strenghtening macro and micro-prudential supervision in EU candidates and potential candidates
[online only]
Press release:
11/03/2010
Statistics Pocket Book, March 2010
11/03/2010
Monthly Bulletin, March 2010
11/03/2010
Focus: Carry trades and exchange rates
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: Fiscal sustainability challenges in the euro area
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: ECB staff macroeconomic projections for the euro area
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: Compilation, usefulness and recent developments in the euro area consumer confidence indicator
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: The carry-over effect on annual average real GDP growth
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: Recent developments in consumers' and professionals' inflation expectations in the euro area
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: The results of the "Survey on the access to finance of small and medium-sized enterprises in the euro area: second half of 2009"
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: Liquidity conditions and monetary policy operations in the period from 11 November 2009 to 9 February 2010
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: The impact that "bad banks" have on MFI balance sheet statistics
Monthly Bulletin Issue 3, 2010
11/03/2010
Focus: Oil capacity investment and the economic downturn
Monthly Bulletin Issue 3, 2010
11/03/2010
Letter from the ECB President to Mr Diogo Feio, Member of the European Parliament, regarding the economic situation in Portugal
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[online only]
04/03/2010
ECB staff macroeconomic projections for the euro area
[online only]
04/03/2010
Monthly Report on the Eurosystem's covered bond purchase programme, February 2010
[online only]
26/02/2010
Working paper no. 1161: Housing, consumption and monetary policy: how different are the US and the euro area?
Published in: Journal of Banking & Finance, Vol 35 (11), November 2011: pp 3019-3041
26/02/2010
Working paper no. 1160: The euro area Bank Lending Survey matters: empirical evidence for credit and output growth
26/02/2010
Working paper no. 1159: Wages and the risk of displacement
26/02/2010
Working paper no. 1158: Excess returns on net foreign assets: the exorbitant privilege from a global perspective
25/02/2010
Working paper no. 1157: Real time estimates of the euro area output gap: reliability and forecasting performance
Published in: Economic Modelling, Vol 28 (4), July 2011: pp 1842-1856 as "The reliability of real-time estimates of the euro area output gap"
25/02/2010
Working paper no. 1156: Mortgage indebtedness and household financial distress
25/02/2010
Working paper no. 1155: Combining disaggregate forecasts or combining disaggregate information to forecast an aggregate
Published in: Journal of Business and Economic Statistics, Vol 29 (2), 2011: pp 216-227
23/02/2010
Working paper no. 1154: Public and private inputs in aggregate production and growth: a cross-country efficiency approach
Published in: Applied Economics, Vol 45 (32), 2013: pp 4451-4466
23/02/2010
Working paper no. 1153: The determination of wages of newly hired employees: survey evidence on internal versus external factors
Published in: Labour Economics, Vol 19 (5), 2012: pp 802-812
23/02/2010
Working paper no. 1152: Government bond risk premiums in the EU revisited: the impact of the financial crisis
23/02/2010
ECB-Eurostat workshop on pensions
[online only]
18/02/2010
Letter from the ECB President to Mr. Nikolaos Chountis, Member of the European Parliament, related to the income of Mr. Provopoulos, Governor of the Bank of Greece
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[online only]
17/02/2010
MFI balance sheet and interest rate statistics and CEBS' guidelines on FINREP and COREP
[online only]
Press release:
16/02/2010
ECB survey on access to finance for small and medium-sized enterprises in the euro area, 2009 second half
[online only]
Press release:
11/02/2010
Statistics Pocket Book, February 2010
11/02/2010
Monthly Bulletin, February 2010
11/02/2010
Focus: Recent developments in euro area trade
Monthly Bulletin Issue 2, 2010
11/02/2010
Focus: Results of the ECB Survey of Professional Forecasters for the first quarter of 2010
Monthly Bulletin Issue 2, 2010
11/02/2010
Focus: Recent housing market developments in the euro area
Monthly Bulletin Issue 2, 2010
11/02/2010
Focus: Integrated euro area accounts for the third quarter of 2009
Monthly Bulletin Issue 2, 2010
11/02/2010
Focus: The results of the January 2010 bank lending survey for the euro area
Monthly Bulletin Issue 2, 2010
11/02/2010
Article: Update on developments in general economic statistics for the euro area
Monthly Bulletin Issue 2, 2010
11/02/2010
Article: Euro area commercial property markets and their impact on banks
Monthly Bulletin Issue 2, 2010
11/02/2010
Article: Euro repo markets and the financial market turmoil
Monthly Bulletin Issue 2, 2010
08/02/2010
Commission communication to 'An EU framework for cross-border crisis management in the banking sector': Eurosystem's reply to the public consultation
[online only]
04/02/2010
Monthly Report on the Eurosystem's covered bond purchase programme, January 2010
[online only]
02/02/2010
Letter from the ECB President to Mr. Nuno Melo, Member of the European Parliament, concerning the increase in the capital of Banco Português de Negócios (BPN)
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[online only]
02/02/2010
The “Centralised Securities DataBase” in brief
[online only]
29/01/2010
Working paper no. 1151: Methodological advances in the assessment of equilibrium exchange rates
29/01/2010
Working paper no. 1150: Do bank loans and credit standards have an effect on output? A panel approach for the euro area
29/01/2010
Working paper no. 1149: Does it matter how aggregates are measured? The case of monetary transmission mechanisms in the euro area
Published in: Shepard, N. and J. Castle (eds.), "The Methodology and Practice of Econometrics", Festschrift volume for David F. Hendry, Oxford University Press, 2009.
27/01/2010
Correspondent central banking model (CCBM) - procedure for Eurosystem counterparties
[online only]
21/01/2010
Statistics Pocket Book, January 2010
21/01/2010
Monthly Bulletin, January 2010
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21/01/2010
Working paper no. 1148: Is there a signalling role for public wages? Evidence for the euro area based on macro data
Published in: Empirical Economics, 41, September 2011: pp 421–445.
21/01/2010
Working paper no. 1147: Interbank contagion at work: evidence from a natural experiment
Published in: Review of Financial Studies (forthcoming).
21/01/2010
Working paper no. 1146: The role of central bank transparency for guiding private sector forecasts
Published in: Scandinavian Journal of Economics, Vol 114, 2012: pp 1018–1052.
21/01/2010
Focus: International trade developments and revision of the effective exchange rates of the euro
Monthly Bulletin Issue 1, 2010
21/01/2010
Focus: Measuring perceptions of macroeconomic uncertainty
Monthly Bulletin Issue 1, 2010
21/01/2010
Focus: Base effects and their impact on HICP inflation in 2010
Monthly Bulletin Issue 1, 2010
21/01/2010
Focus: New statistics on euro area investment funds
Monthly Bulletin Issue 1, 2010
21/01/2010
Focus: External adjustment in central and eastern Europe
Monthly Bulletin Issue 1, 2010
21/01/2010
Article: Entitlements of households under government pension schemes in the euro area – results on the basis of the new system of national accounts
Monthly Bulletin Issue 1, 2010
21/01/2010
Article: The ECB's relations with European Union institutions and bodies - trends and prospects
Monthly Bulletin Issue 1, 2010
21/01/2010
Article: The ECB's monetary policy stance during the financial crisis
Monthly Bulletin Issue 1, 2010
19/01/2010
Working paper no. 1145: An area-wide real-time database for the euro area
Published in: Review of Economics and Statistics (forthcoming)
15/01/2010
Structural indicators for the EU banking sector
[online only]
15/01/2010
T2S - Settling without borders
14/01/2010
Contribution of the Eurosystem to the public consultation of the European Commission on the future “EU 2020” strategy
14/01/2010
Monthly Report on the Eurosystem's covered bond purchase programme, December 2009
[online only]
07/01/2010
Recent advances in modelling systemic risk using network analysis
[online only]
Press release: