This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange … communication by policy makers at times of crisis should be cautious about triggering undesirable financial market reactions …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro … area households. We show that experienced stock market returns matter in a statistically significant and economically … substantial fashion: better experiences increase the financial risk households are willing to take as well as stock market …

the euro area. Our results support the hypothesis of Campbell and Cocco (2003) that the decision is best described as one …

that the press critically discusses the ECB's policy decisions in the context of prior market expectations and of the …

Monetary policy in the euro area is conducted within a multi-country, multicultural, and multi-lingual context …

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 …