Similar Search Results

Exchange rates and fundamentals : new evidence from real-time data

Ehrmann, Michael (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002125231

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael (contributor) - 2001

Persistent link: https://www.econbiz.de/10001637049

Rational inattention, inflation developments and perceptions after the euro cash changeover

Ehrmann, Michael (contributor) - 2006

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of consumers. It argues that the denomination of prices in a new currency has increased the information-processing requirements for consumers by more than for sellers, a wedge that...

Persistent link: https://www.econbiz.de/10003280660

Convergence and anchoring of yield curves in the euro area

Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007

using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since …