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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 …
Persistent link: https://www.econbiz.de/10011604863
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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
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Reasons and implications of inflation differentials within the European Monetary Union
Angeloni, Ignazio; Ehrmann, Michael - In: Designing the new European Union : [this volume based …, (pp. 223-253). 2007
Persistent link: https://www.econbiz.de/10003411132
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The euro and the transmission of monetary policy
Angeloni, Ignazio; Ehrmann, Michael - In: Long-run growth and short-run stabilization : essays in …, (pp. 161-206). 2006
Persistent link: https://www.econbiz.de/10003374073
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The exchange rate : a shock-absorber or source of shocks? A study of four open economies
Artis, Michael J.; Ehrmann, Michael - In: Journal of international money and finance 25 (2006) 6, pp. 874-893
Persistent link: https://www.econbiz.de/10003377905
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Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistance Network evidence
Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006
Persistent link: https://www.econbiz.de/10003384161
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Convergence and anchoring of yield curves in the euro area
Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
Persistent link: https://www.econbiz.de/10003549837
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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 …
Persistent link: https://www.econbiz.de/10003554986
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Convergence and anchoring of yield curves in the Euro area
Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - In: The review of economics and statistics 93 (2011) 1, pp. 350-364
Persistent link: https://www.econbiz.de/10009161695
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Euro area government bonds : integration and fragmentation during the sovereign debt crisis
Ehrmann, Michael; Fratzscher, Marcel - 2015
, Italy and Spain became more interdependent after the OMT announcement, providing our only evidence of contagion. While this … suggests that countries have been effectively ring-fenced, and Italy and Spain benefited from the joint reduction in yields …
Persistent link: https://www.econbiz.de/10010519824