Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

alleviates the price puzzle. In general, prices are driven mainly by foreign factors and the European Central Bank monetary … policy shock on Slovak prices is more powerful than that of the National Bank of Slovakia. Slovak central bank interest rate …

was handed over to the European Central Bank. A voluntary rejection of monetary national independence and transition to ….SUMMARYBy establishing the Economic and Monetary Union (EMU) and the European Central Bank the EU made an important step towards finalization … the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …

Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert …

untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt … Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar …

-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine … strengthening the Stability and Growth Pact. Monetary leadership is likely to hold in the Euro area, as the European Central Bank …

of information is in the central bank's interest, it is possible for the central bank to alleviate information … publication of the voting records of the central bank council is socially beneficial, when central bankers differ either with …, we also examine the question of whether the transparency of the central bank's objectives is desirable from a social …

realwirtschaftlich wirksamen, langfristig jedoch neutralen Geldpolitik inzwischen nahezu selbstverständlich akzeptiert zu sein … affects aggregate demand and enables the central bank to target inflation - the system does not face a trade-off between real …