edition of the publication u0093Bond markets and long-term interest rates in non-euro area Member States of the European Union … this third edition has been extended to include all thirteen non-euro area EU member states and two accession countries …

in an estimated DSGE model of euro area. We then analyse its impact on optimal monetary policy and investigate the …

This paper contains a set of estimates of reaction functions for the euro area based on a monthly data set starting in … use of different measures of the output gap and the inflation term, can better track the interest rate setting in the euro … rule specification for the euro area. JEL Classification: E58, F41 …

in the euro area since the early 1970s, and present the implied 'real rate rate gap' as a possible additional indicator …

price stability in the euro area during the recent financial crisis. Using a formal measure of the balance of risks, which …

The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction … of the euro. Significant development in terms of integration took place in both markets in general to a various degree … but apply more generally to euro securities infrastructure, identifies fields where further action is required. This …

propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions …? (3) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide … (relative to consumption) seems to play a larger role in euro area monetary policy transmission than in the US. We cannot reject …