Publications published in 2009

• 30/12/2009
  Choosing and using payment instruments: evidence from German microdata (Working Paper No. 1144), by Ulf Von Kalckreuth, Tobias Schmidt and Helmut Stix,  878 kb, en
• 30/12/2009
  What drives the network’s growth? An agent-based study of the payment card market (Working Paper No. 1143), by Biliana Alexandrova-Kabadjova and José Luis Negrín,  1190 kb, en
• 30/12/2009
  Credit card use after the final mortgage payment: does the magnitude of income shocks matter? (Working Paper No. 1142), by Barry Scholnick,  977 kb, en
• 30/12/2009
  How effective are rewards programs in promoting payment card usage? Empirical evidence (Working Paper No. 1141), by Santiago Carbó-Valverde and José M. Liñares-Zegarra,  826 kb, en
• 30/12/2009
  SEPA, efficiency, and payment card competition (Working Paper No. 1140), by Wilko Bolt and Heiko Schmiedel,  1129 kb, en
  Published in: Annals of Finance (forthcoming).
• 30/12/2009
  Pricing payment cards (Working Paper No. 1139), by Özlem Bedre-Defolie and Emilio Calvano,  891 kb, en
• 30/12/2009
  Credit card interchange fees (Working Paper No. 1138), by Jean-Charles Rochet and Julian Wright,  946 kb, en
• 30/12/2009
  Regulating two-sided markets: an empirical investigation (Working Paper No. 1137), by Santiago Carbó-Valverde, Sujit Chakravorti and Francisco Rodríguez Fernández,  800 kb, en
• 30/12/2009
  Payment scale economies, competition, and pricing (Working Paper No. 1136), by David Humphrey,  861 kb, en
• 30/12/2009
  Return to retail banking and payments (Working Paper No. 1135), by Iftekhar Hasan, Heiko Schmiedel and Liang Song,  891 kb, en
  Published in: Journal of Financial Services Research (forthcoming).
• 30/12/2009
  Determinants of inflation and price level differentials across the euro area countries (Working Paper No. 1129), by Malin Andersson, Klaus Masuch and Marc Schiffbauer,  987 kb, en
• 30/12/2009
  Retail payments - integration and innovation (A joint conference by the ECB and de Nederlandsche bank 25 - 26 May 2009),  1023 kb, en
  [online only]
  
• 29/12/2009
  The collateral frameworks of the Eurosystem, the Federal Reserve System and the Bank of England and the financial market turmoil (Occasional Paper No. 107), by Samuel Cheun, Isabel von Köppen-Mertes and Benedict Weller,  770 kb, en
• 18/12/2009
  Withdrawal and expulsion from the EU and EMU: some reflections (Legal Working Paper No. 10), by Phoebus Athanassiou,  1520 kb, en
• 18/12/2009
  Financial Stability Review December 2009,  3771 kb, en
  Press release: en
• 17/12/2009
  What explains the surge in euro area sovereign spreads during the financial crisis of 2007-09? (Working Paper No. 1131), by Maria-Grazia Attinasi, Cristina Checherita-Westphal and Christiane Nickel,  991 kb, en
  Published in: Public Finance and Management (2010), Volume 10, Number 4, pp. 595-645.
• 17/12/2009
  Monetary policy and potential output uncertainty: a quantitative assessment (Working Paper No. 1130), by Simona Delle Chiaie,  851 kb, en
• 17/12/2009
  EMU and the adjustment to asymmetric shocks: the case of Italy (Working Paper No. 1128), by Gianni Amisano, Nicola Giammarioli and Livio Stracca,  1106 kb, en
• 11/12/2009
  Would the Bundesbank have prevented the Great Inflation in the United States? (Working Paper No. 1134), by Luca Benati,  1621 kb, en
• 11/12/2009
  Fiscal policy shocks in the euro area and the US: an empirical assessment (Working Paper No. 1133), by Pablo Burriel, Francisco de Castro Fernández, Daniel Garrote, Esther Gordo, Joan Paredes and Javier J. Pérez,  776 kb, en
  Published in: Fiscal Studies, vol. 31, no. 2, pp. 251–285.
• 11/12/2009
  A quarterly fiscal database for the euro area based on intra-annual fiscal information (Working Paper No. 1132), by Joan Paredes, Diego J. Pedregal and Javier J. Pérez,  980 kb, en
• 11/12/2009
  The Janus-headed salvation: sovereign and bank credit risk premia during 2008-09 (Working Paper No. 1127), by Jacob Ejsing and Wolfgang Lemke,  1011 kb, en
  Published in: Economics Letters, Vol 110 (1), 2011: pp 28-31.
• 11/12/2009
  Liquidity hoarding and interbank market spreads: the role of counterparty risk (Working Paper No. 1126), by Florian Heider, Marie Hoerova and Cornelia Holthausen,  1180 kb, en
• 10/12/2009
  Statistics Pocket Book, December 2009,  435 kb, en
• 10/12/2009
  Monthly Bulletin, December 2009,  2627 kb, en
• 09/12/2009
  Leading indicators in a globalised world (Working Paper No. 1125), by Ferdinand Fichtner, Rasmus Rüffer and Bernd Schnatz,  806 kb, en
• 09/12/2009
  Monetary Policy Shocks and Portfolio Choice (Working Paper No. 1122), by Marcel Fratzscher, Christian Saborowski and Roland Straub,  912 kb, en
• 08/12/2009
  Monetary Policy and the Financing of Firms (Working Paper No. 1123), by Fiorella De Fiore, Pedro Teles and Oreste Tristani,  1018 kb, en
• 08/12/2009
  Exchange Rate Pass-through in Central and Eastern European Member States (Working Paper No. 1120), by John Beirne and Martin Bijsterbosch,  804 kb, en
  Published in: Journal of Policy Modeling, Vol 33, 2011: pp 241-254.
• 07/12/2009
  Balance Sheet Interlinkages and Macro-Financial Risk Analysis in the Euro Area (Working Paper No. 1124), by Ilja Kristian Kavonius and Olli Castrén,  817 kb, en
• 03/12/2009
  Does Finance Bolster Superstar Companies? Banks, Venture Capital, and Firm Size in Local U.S. Markets (Working Paper No. 1121), by Alexander Popov,  791 kb, en
• 03/12/2009
  Monthly Report on the Eurosystem's covered bond purchase programme, November 2009,  121 kb, en
  [online only]
  
• 03/12/2009
  Eurosystem staff macroeconomic projections for the euro area,  234 kb, bg . cs . da . de . el . en . es . et . fi . fr . hu . it . lt . lv . nl . pl . pt . ro . sk . sl . sv
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• 03/12/2009
  New procedure for constructing Eurosystem and ECB staff projection ranges,  17 kb, en
  [online only]
  
• 02/12/2009
  Nonparametric Hybrid Phillips Curves Based on Subjective Expectations: Estimates for the Euro Area (Working Paper No. 1119), by Marco Buchmann,  918 kb, en
• 01/12/2009
  Glossary of terms related to payment clearing and settlement systems,  182 kb, en
  [online only]
  Press release: en

• 30/11/2009
  Explaining government revenue windfalls and shortfalls: an analysis for selected EU countries (Working Paper No. 1114), by Richard Morris, Francisco de Castro Fernández, Steven Jonk, Jana Kremer, Suzanne Linehan, Maria Rosaria Marino, Christophe Schalck and Olegs Tkacevs,  1434 kb, en
• 27/11/2009
  The legal duty to consult the European Central Bank – National and EU consultations (Legal Working Paper No. 9), by Simona Elena Lambrinoc,  1542 kb, en
• 25/11/2009
  Discretionary Fiscal Policies over the Cycle: New Evidence based on the ESCB Disaggregated Approach (Working Paper No. 1118), by Luca Agnello and Jacopo Cimadomo,  992 kb, en
• 25/11/2009
  Putting the New Keynesian DSGE model to the real-time forecasting test (Working Paper No. 1110), by Marcin Kolasa, Michał Rubaszek and Paweł Skrzypczyński,  1667 kb, en
  Published in: Journal of Money, Credit and Banking, Vol 44 (7), 2012: pp 1301-1324.
• 24/11/2009
  The role of financial variables in predicting economic activity (Working Paper No. 1108), by Raphael Espinoza, Fabio Fornari and Marco J. Lombardi,  1574 kb, en
• 17/11/2009
  What Drives Personal Consumption? The Role of Housing and Financial Wealth (Working Paper No. 1117), by Jiri Slacalek,  854 kb, en
  Published in: The B.E. Journal of Macroeconomics (Topics), 2009, 9(1).
• 16/11/2009
  Estimation and forecasting in large datasets with conditionally heteroskedastic dynamic common factors (Working Paper No. 1115), by Lucia Alessi, Matteo Barigozzi and Marco Capasso,  958 kb, en
• 16/11/2009
  Risk spillover among hedge funds: The role of redemptions and fund failures (Working Paper No. 1112), by Benjamin Klaus and Bronka Rzepkowski,  851 kb, en
• 13/11/2009
  Volatility spillovers and contagion from mature to emerging stock markets (Working Paper No. 1113), by John Beirne, Guglielmo Maria Caporale, Marianne Schulze-Ghattas and Nicola Spagnolo,  1110 kb, en
• 12/11/2009
  Monthly Bulletin, November 2009,  2582 kb, en
• 12/11/2009
  Statistics Pocket Book, November 2009,  825 kb, en
• 12/11/2009
  A Stable Model for Euro Area Money Demand: Revisiting the Role of Wealth (Working Paper No. 1111), by Andreas Beyer,  1256 kb, en
• 12/11/2009
  The Margins of Labour Cost Adjustment: Survey Evidence from European Firms (Working Paper No. 1106), by Jan Babecký, Philip Du Caju, Theodora Kosma, Martina Lawless, Julián Messina and Tairi Rõõm,  940 kb, en
  Published in: Labour Economics, Vol 19 (5), October 2012: pp 792-801.
• 12/11/2009
  Downward Nominal and Real Wage Rigidity: Survey Evidence from European Firms (Working Paper No. 1105), by Jan Babecký, Philip Du Caju, Theodora Kosma, Martina Lawless, Julián Messina and Tairi Rõõm,  1013 kb, en
  Published in: The Scandinavian Journal of Economics, 112(4), December 2010, pp. 884-910.
• 12/11/2009
  Eurosystem oversight report 2009,  1476 kb, en
  [online only]
  Press release: en
• 12/11/2009
  Article, Monthly Bulletin, November 2009, pp 71-79, Central bank communication in periods of heightened uncertainty,  201 kb, en
  
• 12/11/2009
  Article, Monthly Bulletin, November 2009, pp 81-96, Monetary analysis in an environment of financial turmoil,  365 kb, en
  
• 12/11/2009
  Article, Monthly Bulletin, November 2009, pp 97-113, The latest euro area recession in a historical context,  355 kb, en
  
• 11/11/2009
  Sectorial Border Effects in the European Single Market: an Explanation through Industrial Concentration (Working Paper No. 1116), by Gianluca Cafiso,  858 kb, en
• 11/11/2009
  What Triggers Prolonged Inflation Regimes? A Historical Analysis (Working Paper No. 1109), by Isabel Vansteenkiste,  1100 kb, en
• 11/11/2009
  Interbank lending, credit risk premia and collateral (Working Paper No. 1107), by Florian Heider and Marie Hoerova,  910 kb, en
  Published in: International Journal of Central Banking (2009), 5(4), pp. 1-39.
• 11/11/2009
  Pass-through of external shocks along the pricing chain: A panel estimation approach for the euro area (Working Paper No. 1104), by Bettina Landau and Frauke Skudelny,  1504 kb, en
• 06/11/2009
  Consultation of the Committee of European Securities Regulators on trade repositories in the European Union - ECB contribution,  123 kb, en
  [online only]
  
• 05/11/2009
  Monthly report on the Eurosystem’s covered bond purchase programme October 2009,  120 kb, en
  [online only]
  

• 29/10/2009
  Wage-setting behavior in France: additional evidence from an ad-hoc survey (Working Paper No. 1102), by Jérémi Montornès and Jacques-Bernard Sauner-Leroy,  1503 kb, en
• 28/10/2009
  Fiscal variables and bond spreads: evidence from eastern European countries and Turkey (Working Paper No. 1101), by Christiane Nickel, Philipp Rother and Jan C. Rülke,  1189 kb, en
  Published in: Applied Financial Economics, Vol 21 (17), 2011.
• 22/10/2009
  Letter from the ECB President to Mr. Jim Higgins, Member of the European Parliament, concerning the ECB's considerations on issuing a €30 banknote,  31 kb, en
  [online only]
  
• 21/10/2009
  Inter-industry wage differentials: how much does rent sharing matter? (Working Paper No. 1103), by Philip Du Caju, François Rycx and Ilan Tojerow,  1023 kb, en
  Published in: The Manchester School, 79(4), July 2011, pp. 691-717.
• 19/10/2009
  Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters (Working Paper No. 1098), by Magnus Andersson and Boris Hofmann,  1356 kb, en
  Published in: D. Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan F. Qvigstad (editors): Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects, Cambridge University Press, forthcoming, 2010.
• 16/10/2009
  Weak and strong cross section dependence and estimation of large panels (Working Paper No. 1100), by Alexander Chudik, Hashem Pesaran and Elisa Tosetti,  1709 kb, en
• 16/10/2009
  Letter from the ECB President to Mr. Jim Higgins, Member of the European Parliament, concerning consumer protection and banking practices in Spain,  31 kb, en
  [online only]
  
• 15/10/2009
  Statistics Pocket Book, October 2009,  3162 kb, en
• 15/10/2009
  Monthly Bulletin, October 2009,  3773 kb, en
• 15/10/2009
  Article, Monthly Bulletin, October 2009, p. 95-111, Financial development in emerging economies - stock-taking and policy implications,  349 kb, en
  
• 15/10/2009
  Article, Monthly Bulletin, October 2009, p. 81-94, Recent developments in the balance sheets of the euro system, the federal reserve system and the Bank of Japan,  1564 kb, en
  
• 15/10/2009
  Article, Monthly Bulletin, October 2009, p. 63-80, Monetary policy and loan supply in the euro area,  425 kb, en
  
• 14/10/2009
  Public and private sector wages interactions in a general equilibrium model (Working Paper No. 1099), by Gonzalo Fernàndez-de-Córdoba, Javier J. Pérez and José L. Torres,  705 kb, en
  Published in: Public Choice, 150, January 2012: pp 309-326.
• 14/10/2009
  Monetary and fiscal policy aspects of indirect tax changes in a monetary union (Working Paper No. 1097), by Anna Lipińska and Leopold von Thadden,  969 kb, en
• 08/10/2009
  Monthly report on the Eurosystem’s covered bond purchase programme September 2009,  118 kb, en
  [online only]
  

• 30/09/2009
  The determinants of bank capital structure (Working Paper No. 1096), by Reint Gropp and Florian Heider,  891 kb, en
  Published in: Review of Finance, forthcoming.
• 30/09/2009
  Money talks (Working Paper No. 1091), by Marie Hoerova, Cyril Monnet and Ted Temzelides,  2523 kb, en
• 30/09/2009
  The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the euro area (Working Paper No. 1089), by Carlo Altavilla and Matteo Ciccarelli,  1311 kb, en
  Published in: Journal of Money, Credit and Banking (2009), 41(7), pp. 1265-1300.
• 24/09/2009
  Euro Money Market Survey 2009,  2200 kb, en
  [online only]
  Press release: en
• 23/09/2009
  Memories of high inflation (Working Paper No. 1095), by Michael Ehrmann and Panagiota Tzamourani,  979 kb, en
  Published in: European Journal of Political Economy, 28, 2012: pp 174-191.
• 23/09/2009
  Signals from housing and lending booms (Working Paper No. 1094), by Irina Bunda and Michele Ca' Zorzi,  1005 kb, en
  Published in: Emerging Markets Review (2010), 11(1), pp. 1-20.
• 23/09/2009
  Determinants of government bond spreads in new EU countries (Working Paper No. 1093), by Ioana Alexopoulou, Irina Bunda and Annalisa Ferrando,  1125 kb, en
  Published in: European Journal of Political Economy, Vol 27 (3), 2011.
• 22/09/2009
  The euro at ten - lessons and challenges,  4914 kb, en
  
• 21/09/2009
  ECB survey on access to finance for small and medium-sized enterprises in the euro area,  1522 kb, en
  [online only]
  Press release: en
• 17/09/2009
  Inflation and output volatility under asymmetric incomplete information (Working Paper No. 1092), by Giacomo Carboni and Martin Ellison,  823 kb, en
  Published in: Journal of Economic Dynamics and Control (2011), Vol. 35(1), pp 40-51.
• 17/09/2009
  New Keynesian versus old Keynesian government spending multipliers (Working Paper No. 1090), by John F. Cogan, Tobias Cwik, John B. Taylor and Volker Wieland,  734 kb, en
• 10/09/2009
  Monthly Bulletin, September 2009,  2163 kb, en
• 09/09/2009
  Inflation perceptions and expectations in the euro area: the role of news (Working Paper No. 1088), by Cristian Badarinza and Marco Buchmann,  1022 kb, en
• 09/09/2009
  Modelling global trade flows: results from a GVAR model (Working Paper No. 1087), by Matthieu Bussière, Alexander Chudik and Giulia Sestieri,  1473 kb, en
• 04/09/2009
  Consultation of the European Commission on "Possible initiatives to enhance the resilience of OTC derivatives markets", Eurosystem contribution,  170 kb, en
  [online only]
  
• 03/09/2009
  Euro area money demand: empirical evidence on the role of equity and labour markets (Working Paper No. 1086), by Gabe de Bondt,  607 kb, en
  Published in: The Manchester School, forthcoming.
• 03/09/2009
  ECB staff macroeconomic projections for the euro area,  218 kb, bg . cs . da . de . el . en . es . et . fi . fr . hu . it . lt . lv . nl . pl . pt . ro . sk . sl . sv
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• 03/09/2009
  Monthly report on the Eurosystem’s covered bond purchase programme August 2009,  115 kb, en
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• 03/09/2009
  OTC derivatives and post-trading infrastructures,  1397 kb, en
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• 01/09/2009
  Statistics Pocket Book, September 2009,  456 kb, en

• 31/08/2009
  Flow-of-funds analysis at the ECB – framework and applications (Occasional Paper No. 105), by Louis Be Duc and Gwenaël Le Breton,  1499 kb, en
• 28/08/2009
  EU banking sector stability,  1654 kb, en
  [online only]
  
• 28/08/2009
  Credit default swaps and counterparty risk,  1985 kb, en
  [online only]
  
• 27/08/2009
  An empirical study on the decoupling movements between corporate bond and CDS spreads (Working Paper No. 1085), by Ioana Alexopoulou, Magnus Andersson and Oana Maria Georgescu,  1857 kb, en
• 26/08/2009
  EMU and European government bond market integration (Working Paper No. 1079), by Pilar Abad, Helena Chuliá and Marta Gómez-Puig,  937 kb, en
  Published in: Journal of Banking and Finance (forthcoming)
• 24/08/2009
  How are firms’ wages and prices linked: survey evidence in Europe (Working Paper No. 1084), by Martine Druant, Silvia Fabiani, Gabor Kezdi, Ana Lamo, Fernando Martins and Roberto Sabbatini,  854 kb, en
• 24/08/2009
  Evaluating microfoundations for aggregate price regidities: evidence from matched firm-level data on product prices and unit labor cost (Working Paper No. 1083), by Mikael Carlsson and Oskar Nordström Skans,  1009 kb, en
• 24/08/2009
  Disagreement among forecasters in G7 countries (Working Paper No. 1082), by Jonas Dovern, Ulrich Fritsche and Jiri Slacalek,  3308 kb, en
• 24/08/2009
  Liquidity premia in German government bonds (Working Paper No. 1081), by Jacob Ejsing and Jukka Sihvonen,  1510 kb, en
• 24/08/2009
  Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle (Working Paper No. 1080), by Juha Kilponen and Juuso Vanhala,  988 kb, en
• 19/08/2009
  Monetary policy strategy in a global environment (Occasional Paper No. 106), by Philippe Moutot and Giovanni Vitale,  1559 kb, en
• 18/08/2009
  The reception of public signals in financial markets - what if central bank communication becomes stale? (Working Paper No. 1077), by Michael Ehrmann and David Sondermann,  1259 kb, en
  Published in: International Journal of Central Banking, Vol 8, 2012: pp 1-53.
• 18/08/2009
  Legal framework of the Eurosystem and the European System of Central Banks, ECB legal acts and instruments, update 2009,  499 kb, en
  
• 13/08/2009
  Monthly Bulletin, August 2009,  2336 kb, en
• 13/08/2009
  Statistics Pocket Book, August 2009,  433 kb, en
• 13/08/2009
  Article, Monthly Bulletin, August 2009, p. 77-91, Housing Finance in the Euro Area,  282 kb, en
  
• 13/08/2009
  Article, Monthly Bulletin, August 2009, p. 93-105, Recent Developments in the Retail Bank Interest Rate Pass-Through in the Euro Area,  323 kb, en
  
• 13/08/2009
  The Eurosystem's stance on the Commission's consultation document on the review of directive 94/19/EC on deposit-guarantee schemes,  244 kb, en
  [online only]
  
• 10/08/2009
  Oversight framework for direct debit schemes,  1275 kb, en
  [online only]
  Press release: en
• 10/08/2009
  Oversight framework for credit transfer schemes,  1273 kb, en
  [online only]
  Press release: en
• 06/08/2009
  On the real effects of private equity investment: evidence from new business creation (Working Paper No. 1078), by Alexander Popov and Peter Roosenboom,  1578 kb, en
• 06/08/2009
  Monthly report on the Eurosystem’s covered bond purchase programme July 2009,  119 kb, en
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• 31/07/2009
  Bank risk and monetary policy (Working Paper No. 1075), by Yener Altunbas, Leonardo Gambacorta and David Marqués-Ibáñez,  646 kb, en
  Published in: Journal of Financial Stability 6, 121-129.
• 21/07/2009
  Booms and busts in housing markets: determinants and implications (Working Paper No. 1071), by Luca Agnello and Ludger Schuknecht,  1161 kb, en
• 20/07/2009
  Optimal monetary policy in a new Keynesian model with habits in consumption (Working Paper No. 1076), by Campbell Leith, Ioana Moldovan and Raffaele Rossi,  1208 kb, en
• 20/07/2009
  Can non-linear real shocks explain the persistence of PPP exchange rate disequilibria? (Working Paper No. 1073), by Tuomas A. Peltonen, Adina Popescu and Michael Sager,  950 kb, en
  Published in: International Journal of Finance and Economics, Vol 16 (3), July 2011: pp 290–306.
• 16/07/2009
  Wages are flexible aren't they? Evidence from monthly micro wage data (Working Paper No. 1074), by Patrick Lünnemann and Ladislav Wintr,  1119 kb, en
• 16/07/2009
  How important are common factors in driving non-fuel commodity prices? A dynamic factor analysis (Working Paper No. 1072), by Isabel Vansteenkiste,  997 kb, en
• 16/07/2009
  Monetary Policy Committees: meetings and outcomes (Working Paper No. 1070), by Jan Marc Berk and Beata K. Bierut,  996 kb, en
• 16/07/2009
  Housing finance and monetary policy (Working Paper No. 1069), by Alessandro Calza, Livio Stracca and Tommaso Monacelli,  1255 kb, en
  Published in: Journal of the European Economic Association (forthcoming).
• 09/07/2009
  Monthly Bulletin, July 2009,  2112 kb, en
• 09/07/2009
  Statistics Pocket Book, July 2009,  432 kb, en
• 09/07/2009
  Article, Monthly Bulletin, July 2009, p. 63-74, The impact of government support to the banking sector on euro area public finances,  309 kb, en
  
• 09/07/2009
  Article, Monthly Bulletin, July 2009, p. 75-89, The implementation of monetary policy since August 2007,  250 kb, en
  
• 09/07/2009
  Article, Monthly Bulletin, July 2009, p. 91-99, Rotation of voting rights in the governing council of the ECB,  195 kb, en
  
• 08/07/2009
  Asset price misalignments and the role of money and credit (Working Paper No. 1068), by Dieter Gerdesmeier, Barbara Roffia and Hans-Eggert Reimers,  1245 kb, en
• 08/07/2009
  The international role of the euro,  2081 kb, en
  Press release: en
• 03/07/2009
  National rescue measures in response to the current financial crisis (Legal Working Paper No. 8), by Ana Petrovic and Ralf Tutsch,  2210 kb, en
• 03/07/2009
  The dynamic effects of shocks to wages and prices in the United States and the euro area (Working Paper No. 1067), by Rita Duarte and Carlos Robalo Marques,  1326 kb, en
• 03/07/2009
  Universal banks and corporate control: evidence from the global syndicated loan market (Working Paper No. 1066), by Miguel A. Ferreira and Pedro Matos,  1027 kb, en
• 02/07/2009
  The Single Euro Payments Area (SEPA): an integrated retail payments market,  1564 kb, bg . cs . da . de . el . en . es . et . fi . fr . hu . it . lt . lv . mt . nl . pl . pt . ro . sk . sl . sv
  

• 29/06/2009
  Monetary policy and inflationary shocks under imperfect credibility (Working Paper No. 1065), by Matthieu Darracq Pariès and Stéphane Moyen,  840 kb, en
• 25/06/2009
  Fiscal policy challenges in oil-exporting countries – a review of key issues (Occasional Paper No. 104), by Michael Sturm, François Gurtner and Juan González Alegre,  1696 kb, en
• 23/06/2009
  Recommendations for securities settlement systems and recommendations for central counterparties in the European Union - European Central Bank (ECB) and the Committee of European Securities Regulators (CESR),  651 kb, en
  [online only]
  Press release: en
• 17/06/2009
  Does it pay to have the euro? Italy’s politics and financial markets under the lira and the euro (Working Paper No. 1064), by Marcel Fratzscher and Livio Stracca,  1244 kb, en
  Published in: International Finance 12:1, 1–31, September 2009.
• 17/06/2009
  Does private equity investment spur innovation? Evidence from Europe (Working Paper No. 1063), by Alexander Popov and Peter Roosenboom,  1776 kb, en
• 17/06/2009
  External shocks and international inflation linkages: a global VAR analysis (Working Paper No. 1062), by Alessandro Galesi and Marco J. Lombardi,  1218 kb, en
• 16/06/2009
  The distribution of households consumption-expenditure budget shares (Working Paper No. 1061), by Matteo Barigozzi, Lucia Alessi, Marco Capasso and Giorgio Fagiolo,  1453 kb, en
  Published in: Structural change and economic dynamics, Vol 23 (1), 2012: pp 69-91.
• 16/06/2009
  Forecasting the world economy in the short-term (Working Paper No. 1059), by Audrone Jakaitiene and Stéphane Dées,  1014 kb, en
  Published in: The World Economy (forthcoming)
• 15/06/2009
  Financial Stability Review,  4328 kb, en
  
• 11/06/2009
  Monthly Bulletin, June 2009,  1958 kb, en
• 11/06/2009
  Statistics Pocket Book, June 2009,  435 kb, en
• 08/06/2009
  What explains global exchange rate movements during the financial crisis? (Working Paper No. 1060), by Marcel Fratzscher,  1398 kb, en
  Published in: Journal of International Money and Finance 28: 1390–1407, December 2009.
• 04/06/2009
  Eurosystem staff macroeconomic projections for the euro area,  237 kb, bg . cs . da . de . el . en . es . et . fi . fr . hu . it . lt . lv . nl . pl . pt . ro . sk . sl . sv
  [online only]
  

• 29/05/2009
  National prices and wage setting in a currency union (Working Paper No. 1058), by Marcelo Sánchez,  1042 kb, en
• 29/05/2009
  The impact of extreme weather events on budget balances and implications for fiscal policy (Working Paper No. 1055), by Eliza M. Lis and Christiane Nickel,  907 kb, en
• 26/05/2009
  Euro area private consumption: Is there a role for housing wealth effects (Working Paper No. 1057), by Frauke Skudelny,  1037 kb, en
• 26/05/2009
  The pricing of subprime mortgage risk in good times and bad: evidence from the ABX.HE indices (Working Paper No. 1056), by Ingo Fender and Martin Scheicher,  945 kb, en
• 19/05/2009
  The ECB's advisory role. Overview of opinions (1994-2008),  649 kb, en
  
• 15/05/2009
  Inflation dynamics with labour market matching: assessing alternative specifications (Working Paper No. 1053), by Kai Christoffel, James Costain, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard and Olivier Pierrard,  1341 kb, en
• 15/05/2009
  Letter from the ECB President to Mr Ashley Mote, Member of the European Parliament,  52 kb, en
  [online only]
  
• 15/05/2009
  TARGET2 Oversight Assessment Report,  205 kb, en
  [online only]
  Press release: en
• 15/05/2009
  TARGET Annual Report 2008,  1521 kb, en
  [online only]
  Press release: en
• 14/05/2009
  Monthly Bulletin, May 2009,  2135 kb, en
• 14/05/2009
  Statistics Pocket Book, May 2009,  440 kb, en
• 14/05/2009
  Article, Monthly Bulletin, May 2009, pp75-90, Expectations and the conduct of monetary policy,  282 kb, en
  
• 14/05/2009
  Article, Monthly Bulletin, May 2009, pp91-106, Five years of EU membership,  243 kb, en
  
• 14/05/2009
  Article, Monthly Bulletin, May 2009, pp107-117, Credit rating agencies: developments and policy issues,  179 kb, en
  
• 13/05/2009
  Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness (Working Paper No. 1054), by António Afonso and Sebastian Hauptmeier,  854 kb, en
• 13/05/2009
  Bidding behaviour in the ECB’s main refinancing operations during the financial crisis (Working Paper No. 1052), by Jens Eisenschmidt, Astrid Hirsch and Tobias Linzert,  1016 kb, en
• 13/05/2009
  Are more data always better for factor analysis? Results for the euro area, the six largest euro area countries and the UK (Working Paper No. 1051), by Giovanni Caggiano, George Kapetanios and Vincent Labhard,  994 kb, en
• 13/05/2009
  EU banks' funding structures and policies,  1442 kb, en
  [online only]
  
• 12/05/2009
  Wealth effects on consumption: evidence from the euro area (Working Paper No. 1050), by Ricardo M. Sousa,  1003 kb, en
• 11/05/2009
  Labour force participation in the euro area: a cohort based analysis (Working Paper No. 1049), by Almut Balleer, Ramón Gómez-Salvador and Jarkko Turunen,  982 kb, en
• 08/05/2009
  Manual on investment fund statistics,  1581 kb, en
  [online only]
  

• 30/04/2009
  An economic capital model integrating credit and interest rate risk in the banking book (Working Paper No. 1041), by Piergiorgio Alessandri and Mathias Drehmann,  1073 kb, en
• 29/04/2009
  Information brochure: The European Central Bank, the Eurosystem, the European System of Central Banks (2009 update),  764 kb, bg . cs . da . de . el . en . es . et . fi . fr . ga . hu . it . lt . lv . mt . nl . pl . pt . ro . sk . sl . sv
  
• 29/04/2009
  Price stability: why is it important for you? (2009 update including Slovakia),  4778 kb, bg . cs . da . de . el . en . es . et . fi . fr . ga . hu . it . lt . lv . mt . nl . pl . pt . ro . sk . sl . sv
  Will be available in all EU languages
  
• 28/04/2009
  Downward wage rigidity and optimal steady-state inflation (Working Paper No. 1048), by Gabriel Fagan and Julián Messina,  1423 kb, en
• 28/04/2009
  The forecasting power of internal yield curve linkages (Working Paper No. 1044), by Michele Modugno and Kleopatra Nikolaou,  1486 kb, en
• 28/04/2009
  The determinants of public deficit volatility (Working Paper No. 1042), by Luca Agnello and Ricardo M. Sousa,  987 kb, en
• 27/04/2009
  Transnational governance in global finance: the principles for stable capital flows and fair debt restructuring in emerging markets (Occasional Paper No. 103), by Raymond Ritter,  1471 kb, en
• 24/04/2009
  The impact of reference norms on inflation persistence when wages are staggered (Working Paper No. 1047), by Markus Knell and Alfred Stiglbauer,  1325 kb, en
• 24/04/2009
  Productivity shocks and real exchange rate: a reappraisal (Working Paper No. 1046), by Tuomas A. Peltonen and Michael Sager,  1414 kb, en
• 24/04/2009
  The term structure of equity premia in an affine arbitrage-free model of bond and stock market dynamics (Working Paper No. 1045), by Wolfgang Lemke and Thomas Werner,  1080 kb, en
• 24/04/2009
  Optimal monetary policy in a model of the credit channel (Working Paper No. 1043), by Fiorella De Fiore and Oreste Tristani,  968 kb, en
• 21/04/2009
  Annual Report 2008 ,  5698 kb, bg . cs . da . de . el . en . es . et . fi . fr . hu . it . lt . lv . nl . pl . pt . ro . sk . sl . sv
• 21/04/2009
  Article, Annual Report, 2008 p. 145-146, The cash changeover in Slovakia,  76 kb, en
  
• 21/04/2009
  Article, Annual Report, 2008, p. 118-122, Banknotes and coins,  209 kb, en
  
• 20/04/2009
  Domestic financial development in emerging economies: evidence and implications (Occasional Paper No. 102), by Ettore Dorrucci, Alexis Meyer-Cirkel and Daniel Santabárbara,  1249 kb, en
• 15/04/2009
  Article, Monthly Bulletin, April 2009, pp.91-99, The functional composition of government spending in the European Union,  209 kb, en
  
• 15/04/2009
  Article, Monthly Bulletin, April 2009, pp.85-90, Revisions to GDP estimates in the euro area,  215 kb, en
  
• 15/04/2009
  Article, Monthly Bulletin, April 2009, pp.69-84, The external financing of households and non-financial corporations: a comparison of the euro area and the United States,  332 kb, en
  
• 09/04/2009
  Monthly Bulletin, April 2009,  1891 kb, en
• 09/04/2009
  Statistics Pocket Book, April 2009,  445 kb, en
• 06/04/2009
  Financial integration in Europe,  2037 kb, en
  Press release: en

• 31/03/2009
  The external and domestic side of macroeconomic adjustment in China (Working Paper No. 1040), by Roland Straub and Christian Thimann,  969 kb, en
• 31/03/2009
  'Real time'early warning indicators for costly asset price boom/bust cycles: a role for global liquidity (Working Paper No. 1039), by Lucia Alessi and Carsten Detken,  988 kb, en
  Published in: European Journal of Political Economy as "Quasi real time early warning indicators for costly asset price boom/bust cycles: a role for global liquidity", Vol 27 (3), 2011.
• 31/03/2009
  Are 'intrinsic inflation persistence' models structural in the sense of Lucas (1976)? (Working Paper No. 1038), by Luca Benati,  1745 kb, en
• 31/03/2009
  What do asset prices have to say about risk appetite and uncertainty? (Working Paper No. 1037), by Geert Bekaert, Marie Hoerova and Martin Scheicher,  1077 kb, en
• 31/03/2009
  Housing finance in the euro area (Occasional Paper No. 101), by Task Force of the Monetary Policy Committee of the European System of Central Banks,  2216 kb, en
• 31/03/2009
  Euro area monetary and financial statistics - 2008 quality report,  285 kb, en
  [online only]
  Press release: en
• 31/03/2009
  Euro area balance of payments and international investment position statistics - 2008 quality report,  1760 kb, en
  [online only]
  Press release: en
• 30/03/2009
  Housing finance in the euro area. Structural issues report,  1240 kb, en
  [online only]
  
• 27/03/2009
  Eurosystem's SEPA expectations,  275 kb, de . el . en . es . fi . fr . it . mt . nl . pt . sk . sl . sv
  [online only]
  Press release: en
• 27/03/2009
  SEPA expecations - form,  180 kb, en
  
• 26/03/2009
  Letter from the ECB President to Mr Eoin Ryan, Member of the European Parliament, concerning the recent widening of spreads between euro area government bond yields,  38 kb, en
  [online only]
  
• 25/03/2009
  Research Bulletin No. 8,  1052 kb, en
  
• 24/03/2009
  Search in the product market and the real business cycle (Working Paper No. 1036), by Thomas Y. Mathä and Olivier Pierrard,  1900 kb, en
  Published in: The Journal Economic Dynamics and Control (forthcoming).
• 24/03/2009
  The role of labor markets for euro area monetary policy (Working Paper No. 1035), by Kai Christoffel, Keith Kuester and Tobias Linzert,  2010 kb, en
  Published in: European Economic Review, 53 (2009), 908-936.
• 23/03/2009
  The role of the United States in the global economy and its evolution over time (Working Paper No. 1034), by Stéphane Dées and Arthur Saint-Guilhem,  1885 kb, en
  Published in: Empirical Economics, Vol 41(3), December 2011: pp 573-591.
• 19/03/2009
  Fiscal competition over taxes and public inputs - theory and evidence (Working Paper No. 1033), by Sebastian Hauptmeier, Ferdinand Mittermaier and Johannes Rincke,  1720 kb, en
• 19/03/2009
  Assessing long-term fiscal developments - a new approach (Working Paper No. 1032), by António Afonso, Luca Agnello, Davide Furceri and Ricardo M. Sousa,  1803 kb, en
  Published in: Journal of International Money and Finance, Vol 30 (1), 2011: pp 130–146.
• 19/03/2009
  Global roles of currencies (Working Paper No. 1031), by Christian Thimann,  1523 kb, en
  Published in: International Finance, vol 11 (2008), p. 211-245
• 19/03/2009
  Forecast evaluation of small nested model sets (Working Paper No. 1030), by Kirstin Hubrich and Kenneth D. West,  1125 kb, en
  Published in: Journal of Applied Econometrics, 2010, 25(4), 574-594.
• 16/03/2009
  Letter from the ECB President to Mr Manolis Mavrommatis, Member of the European Parliament, regarding the issuance of low denomination euro banknotes,  109 kb, el . en
  [online only]
  
• 13/03/2009
  The role of fiscal transfers for regional economic convergence in Europe (Working Paper No. 1029), by Cristina Checherita-Westphal, Christiane Nickel and Philipp Rother,  1149 kb, en
• 12/03/2009
  Statistics Pocket Book, March 2009,  435 kb, en
• 12/03/2009
  Monthly Bulletin, March 2009,  2053 kb, en
• 12/03/2009
  Letter from the ECB President to Mr Dimitrios Papadimoulis, Member of the European Parliament,  189 kb, el . en
  [online only]
  
• 12/03/2009
  Letter from the ECB President to Mr José Ribeiro e Castro, Member of the European Parliament,  15 kb, en . pt
  [online only]
  
• 10/03/2009
  Large debt financing: syndicated loans versus corporate bonds (Working Paper No. 1028), by Yener Altunbas, Alper Kara and David Marqués-Ibáñez,  918 kb, en
  Published in: European Journal of Finance, 16 <http://www.informaworld.com/smpp/title~db=all~content=t713684998~tab=issueslist~branches=16> (5), <http://www.informaworld.com/smpp/title~db=all~content=g924315453> 437-458.
• 06/03/2009
  Long run evidence on money growth and inflation (Working Paper No. 1027), by Luca Benati,  2598 kb, en
• 06/03/2009
  Do house price developments spill over across euro area countries? Evidence from a Global VAR (Working Paper No. 1026), by Paul Hiebert and Isabel Vansteenkiste,  1023 kb, en
  Published in: Journal of Housing Economics, Vol 20, 2011: pp 299–314.
• 06/03/2009
  Liquidity risk premia in unsecured interbank money markets (Working Paper No. 1025), by Jens Eisenschmidt and Jens Tapking,  2150 kb, en
• 06/03/2009
  Funding liquidity risk: definition and measurement (Working Paper No. 1024), by Mathias Drehmann and Kleopatra Nikolaou,  947 kb, en
• 06/03/2009
  Guiding principles for bank asset support schemes,  95 kb, en
  [online only]
  European Commission website: en
• 05/03/2009
  ECB staff macroeconomic projections for the euro area,  235 kb, bg . cs . da . de . el . en . es . et . fi . fr . hu . it . lt . lv . nl . pl . pt . ro . sk . sl . sv
  [online only]
  
• 04/03/2009
  Bank loan announcements and borrower stock returns: does bank origin matter? (Working Paper No. 1023), by Steven Ongena and Viorel Roscovan,  919 kb, en
• 04/03/2009
  Understanding inter-industry wage structures in the euro area (Working Paper No. 1022), by Véronique Genre, Karsten Kohn and Daphne Momferatou,  1024 kb, en
  Published in: Applied Economics, Taylor and Francis Journals, Vol 43(11): pp 1299-1313.
• 04/03/2009
  Rigid labour compensation and flexible employment? Firm-level evidence with regard to productivity for Belgium (Working Paper No. 1021), by Catherine Fuss and Ladislav Wintr,  1033 kb, en
• 03/03/2009
  Opting out of the Great Inflation: German monetary policy after the break down of Bretton Woods (Working Paper No. 1020), by Andreas Beyer, Vítor Gaspar, Christina Gerberding and Otmar Issing,  1163 kb, en
  Published in: Michael D. Bordo and Anthanasios Orphanides (eds.), "The Great Inflation", University of Chicago Press, forthcoming.
• 03/03/2009
  What drives returns to euro area housing? Evidence from a dynamic dividend-discount model (Working Paper No. 1019), by Paul Hiebert and Matthias Sydow,  913 kb, en
  Published in: Journal of Urban Economics, 2011, Vol. 70, pp. 88–98.
• 03/03/2009
  Cross-Border Mergers and acquisitions: Financial and institutional forces (Working Paper No. 1018), by Nicolas Coeurdacier, Roberto A. De Santis and Antonin Aviat,  906 kb, en
  Published in: Economic Policy, 2009, 57: 55-106, under the title "Cross-border mergers and acquisitions and European Integration".
• 03/03/2009
  Optimal Prediction Pools (Working Paper No. 1017), by John Geweke and Gianni Amisano,  2440 kb, en
  Published in: Journal of Econometrics, Vol 164, 2011: pp 130‐141.
• 03/03/2009
  When does lumpy factor adjustment matter for aggregate dynamics? (Working Paper No. 1016), by Stephan Fahr and Fang Yao,  1103 kb, en

• 25/02/2009
  Inflation forecasting in the new EU Member States (Working Paper No. 1015), by Olga Arratibel, Christophe Kamps and Nadine Leiner-Killinger,  950 kb, en
• 25/02/2009
  Asset prices and current account fluctuations in G7 economies (Working Paper No. 1014), by Marcel Fratzscher and Roland Straub,  1456 kb, en
  Published in: IMF Staff Papers 56(3), 633-54, August 2009.
• 25/02/2009
  Structural breaks, cointegration and the Fisher effect (Working Paper No. 1013), by Andreas Beyer, Alfred A. Haug and William G. Dewald,  1047 kb, en
• 25/02/2009
  Petrodollars and imports of oil exporting countries (Working Paper No. 1012), by Roland Beck and Annette Kamps,  953 kb, en
• 25/02/2009
  The global dimension of inflation - evidence from factor-augmented Phillips curves (Working Paper No. 1011), by Sandra Eickmeier and Katharina Moll,  1221 kb, en
• 25/02/2009
  European Commission's consultation on hedge funds - Eurosystem contribution,  43 kb, en
  [online only]
  
• 20/02/2009
  Harmonised oversight approach and oversight standards for payment instruments,  117 kb, en
  [online only]
  Press release: en
• 20/02/2009
  Eurosystem oversight policy framework,  157 kb, en
  [online only]
  Press release: en
• 19/02/2009
  Business cycles in the euro area (Working Paper No. 1010), by Domenico Giannone, Michele Lenza and Lucrezia Reichlin,  3886 kb, en
  Published in: Alberto Alesina and Francesco Giavazzi, editors, “Europe and the Euro" (forthcoming)
• 19/02/2009
  Optimal sticky prices under rational inattention (Working Paper No. 1009), by Bartosz Maćkowiak and Mirko Wiederholt,  1685 kb, en
  Published in: American Economic Review (2009), 99(3), pp. 769-803.
• 19/02/2009
  Liquidity (risk) concepts: definitions and interactions (Working Paper No. 1008), by Kleopatra Nikolaou,  3188 kb, en
• 19/02/2009
  Real wages over the business cycle: OECD evidence from the time and frequency domains (Working Paper No. 1003), by Julián Messina, Chiara Strozzi and Jarkko Turunen,  1018 kb, en
  Published in: Journal of Economic Dynamics and Control (2009), 33(6), pp. 1183-1200.
• 12/02/2009
  Monthly Bulletin, February 2009,  2132 kb, en
• 12/02/2009
  Statistics Pocket Book, February 2009,  447 kb, en
• 12/02/2009
  Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation (Working Paper No. 1007), by Gregory de Walque, Olivier Pierrard, Henri Sneessens and Raf Wouters,  1314 kb, en
• 12/02/2009
  Understanding sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition (Working Paper No. 1006), by Philip Du Caju, Catherine Fuss and Ladislav Wintr,  1117 kb, en
  Published in: Journal for Labour Market Research, 45(1), March 2012: pp. 7-22.
• 12/02/2009
  Labor market institutions and macroeconomic volatility in a panel of OECD countries (Working Paper No. 1005), by Fabio Rumler and Johann Scharler,  854 kb, en
• 12/02/2009
  Characterising the inflation targeting regime in South Korea (Working Paper No. 1004), by Marcelo Sánchez,  1052 kb, en
• 12/02/2009
  Article, Monthly Bulletin, February 2009, pp.69-83, New survey evidence on wage setting in Europe,  280 kb, en
  
• 12/02/2009
  Article, Monthly Bulletin, February 2009, pp.85-101, Assessing global trends in protectionism,  258 kb, en
  
• 11/02/2009
  Assessing portfolio credit risk changes in a sample of EU large and complex banking groups in reaction to macroeconomic shocks (Working Paper No. 1002), by Olli Castrén, Trevor Fitzpatrick and Matthias Sydow,  1767 kb, en
• 02/02/2009
  Euro Money Market Study 2008,  1340 kb, en
  [online only]
  Press release: en

• 28/01/2009
  Risk-adjusted forecasts of oil prices (Working Paper No. 999), by Patrizio Pagano and Massimiliano Pisani,  1928 kb, en
• 28/01/2009
  Current account benchmarks for central and eastern Europe: a desperate search? (Working Paper No. 995), by Michele Ca' Zorzi, Alexander Chudik and Alistair Dieppe,  1250 kb, en
  Published in: Empirical Economics, as "And then current accounts (over)adjusted ", Vol 43 (1), 2012: pp 245-270.
• 28/01/2009
  Identifying the elasticity of substitution with biased technical change (Working Paper No. 1001), by Miguel A. León-Ledesma, Peter McAdam and Alpo Willman,  4318 kb, en
  Published in: American Economic Review (forthcoming)
• 28/01/2009
  Wealth effects in emerging market economies (Working Paper No. 1000), by Tuomas A. Peltonen, Ricardo M. Sousa and Isabel Vansteenkiste,  1799 kb, en
  Published in: International Review of Economics and Finance, Vol 24, June 2012: pp 155-66.
• 28/01/2009
  Letter from the ECB President to Mr. Robert Sturdy, Member of the European Parliament,  27 kb, en
  [online only]
  
• 27/01/2009
  Infinite-dimensional VARs and factor models (Working Paper No. 998), by Alexander Chudik and Hashem Pesaran,  1731 kb, en
• 27/01/2009
  Financing obstacles and growth: an analysis for euro area non-financial corporations (Working Paper No. 997), by Chiara Coluzzi, Annalisa Ferrando and Carmen Martinez-Carrascal,  1011 kb, en
• 27/01/2009
  What drives euro area break-even inflation rates? (Working Paper No. 996), by Matteo Ciccarelli and Juan Angel García,  1396 kb, en
• 22/01/2009
  Monthly Bulletin, January 2009,  2095 kb, en
• 22/01/2009
  Statistics Pocket Book, January 2009,  481 kb, en
• 22/01/2009
  Article, Monthly Bulletin, January 2009, pp.59-71, Housing wealth and private consumption in the Euro area,  256 kb, en
  
• 22/01/2009
  Article, Monthly Bulletin, January 2009, pp.73-85, Foreign asset accumulation by authorities in emerging markets,  226 kb, en
  
• 14/01/2009
  Fiscal sustainability and policy implications for the euro area (Working Paper No. 994), by Fabrizio Balassone, Jorge Cunha, Geert Langenus, Bernhard Manzke, Jeanne Pavot, Doris Prammer and Pietro Tommasino,  1137 kb, en Annex: Country fiches: en
• 14/01/2009
  Has emerging Asia decoupled? An analysis of production and trade linkages using the Asian international input-output table (Working Paper No. 993), by Gabor Pula and Tuomas A. Peltonen,  1079 kb, en
  Published in: The Evolving Role of Asia in Global Finance, eds. Y.-W. Cheung, G. Ma, and V. Kakkar, Emerald Publisher in May 2011.
• 14/01/2009
  FDI and productivity convergence in central and eastern Europe: an industry-level investigation (Working Paper No. 992), by Martin Bijsterbosch and Marcin Kolasa,  1139 kb, en
  Published in: Review of World Economics, Vol 145 (4), 2010: pp 689-712.
• 09/01/2009
  Survey data on household finance and consumption: research summary and policy use (Occasional Paper No. 100),  705 kb, en
• 07/01/2009
  The macroeconomic effects of fiscal policy (Working Paper No. 991), by António Afonso and Ricardo M. Sousa,  1963 kb, en
  Published in: Portuguese Economic Journal, Vol 10 (1), 2011: pp 61-82.
• 07/01/2009
  Fiscal policy, housing and stock prices (Working Paper No. 990), by António Afonso and Ricardo M. Sousa,  1908 kb, en
  Published in: Economic Modelling, Vol 28 (4), 2011: pp 1871-1890.
• 07/01/2009
  Modelling loans to non-financial corporations in the euro area (Working Paper No. 989), by Christoffer Kok Sørensen, David Marqués-Ibáñez and Carlotta Rossi,  1182 kb, en
•  

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