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 …