We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind … data limitations, we concentrate on three blocks of transmission: the banking, interest-rate and asset-market channels. We …. On the financial-market channels, our evidence is somewhat weaker but suggestive. The interest-rate channel appears to …

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 …

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

substantially across euro area countries and even been eliminated over time, thus underlining not only market integration but also …We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …