inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …

This paper studies the impact of major ECB monetary policy announcements on the portfolio allocation of euro area fund … price and exchange rate effects and prompted a passive shift of euro area investors into riskier assets, in particular …

developments in the euro area since the adoption of the euro in 1999, going through four cyclical phases "conditioning" ECB …

out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of … price stability. Other factors that account for the different economic outcomes in the Euro Area and US include differences …

interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …

We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In … addition, the euro as a vehicle currency has overtaken the role of the US dollar in Norwegian imports. The substantial rise in …

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 … cross-country differences in the mismatch of perceived and actual inflation in the aftermath of the cash changeover are …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …

This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June …