seemingly puzzling results for the euro area and provide evidence that they are due to central bank information effects. That is …

internationally or whether firms can engage in pricing-tomarket. Calibrated to the euro area, the welfare costs can be reduced by 86 …

The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of … within the euro area has been steadily decreasing prior to the recent financial crisis. Current stress levels are not only … lower today than in the late 1990s, they are also in line with what is commonly observed among U.S. states or pre-euro …

economic cycles. This led us to some major conclusions. First, with various methods we verified that, due to deadweight loss … spillover effects depends partly on different climate policies. This means that, in terms of supply-side shocks, the EU …

banks’ credit supply to firms. To do so, we use credit-registry data from Germany and Portugal together with the European … Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro …’ financing constraints matter less for the supply of credit and there is more risk taking. To rationalize these findings, we …

in the Eurozone. It is the aim of this paper to assess the likely degree of capital mobility in the FH sense within EMU … before the advent of the Euro. …

This paper analyses the behaviour of prices and supply on the German housing market taking into account the interaction … countervailing house price effects of a supply increase: A dampening effect via land prices and a stimulating effect via construction …

one-sided target zone) vis-a-vis the euro to fight deflationary pressures in the aftermath of the Great Financial Crisis … size of these interventions and that, in January 2015, the SNB's euro purchases might indeed have been large without the …