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 …

The “conservative central banker” has come under attack recently. Explicitly modeling the interaction of a trade union … discussion in a standard trade union model. We show that the case against the conservative central banker rests exclusively on … central bank less conservative than society, however if the outside option is in real terms. As the nominal components of the …

Today' standard model of monetary policy has aggregate demand responding directly to an interest rate under the central …

anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to … macroeconomics surprises, because they trust the central bank to manage these incidents and achieve the objectives they communicated …

The Central Bank of Turkey (TCMB) has a significant power on aggregate demand and inflation expectation via monetary … Central Bank) if the policy makers should take into consideration Taylor Rule that mainly depends on the interest rate or … is a pointer that explains if the central banks policies expansionary or tight. The reality that MCI can have influence …

Este documento demuestra que las políticas de un banco central local pueden atenuar los efectos del ciclo financiero … Central de Brasil en los mercados derivados de divisas utilizando tres registros administrativos: el de crédito, el de flujos … cabo por el Banco Central de Brasil que proporciona derivados contra riesgos de depreciación redujo a la mitad los efectos …

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 …