This paper reports the results of a survey among private sector economists about credibility and transparency of … history of honesty and a high level of central bank independence. According to our respondents, the Federal Reserve is the …

Central bank credit has expanded dramatically in some of the euro area member countries since the beginning of the … interaction of the two elements leads to an inflation bias that is independent of the standard time-inconsistency bias. Secondly … objectives among the national central banks in the euro area. We show that after 2007, central bank credit has been highly …

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …

no evidence of a euro effect on trade flows among early euro adopters up to the year 2002. Second, this finding is robust … to extending the sample period to incorporate data up to 2013, covering five additional euro accessions. Third, while … there is no robust evidence of a euro effect, there is evidence that intra-EU trade flows have expanded faster than the …

It is often disregarded that the euro is first of all a public good based on common institutions such the European …

This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 Euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a … the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …