propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions … countries? (2) can the classic' interest rate channel (IRC) alone, without capital market imperfections, explain these facts? (3 …) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary …

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind … limitations, we concentrate on three blocks of transmission: the banking, interest-rate and asset-market channels. We find … financial-market channels, our evidence is somewhat weaker but suggestive. The interest-rate channel appears to have changed …

introduction of the euro is a step in a gradual process, not a one-time regime change …

propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions … countries? (2) can the classic' interest rate channel (IRC) alone, without capital market imperfections, explain these facts? (3 …) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary …

There is much discussion today about a possible digital euro (PDE). Is this attention exaggerated? Are "central bank …

predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …