We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind …

This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to … understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been … deviations of the overnight rate from the main refinancing rate. Moreover the paper finds that liquidity has affected the …

. The paper focuses on the euro area and utilises two variants of an estimated small-scale macroeconomic model featuring …

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The … output changes. In the euro area investment is the predominant driver of output changes, while in the U.S. consumption shifts …

in an estimated DSGE model of euro area. We then analyse its impact on optimal monetary policy and investigate the …

prevailed in the euro area since the early 1970s, and present the implied "real rate gap" as a possible additional indicator to …

stickiness in the importing country. This paper investigates PTM behaviour in the euro area from the importing countryu0092s … perspective, for both individual countries and the euro area as a whole. Analysis firstly involves the estimation of PTM effects … in the five largest euro area countries. Secondly, PTM effects in the euro area as a whole are estimated to be slightly …

money ("global liquidity") on the euro area. We estimate structural VAR models for the euro area and the global economy … including a global liquidity aggregate. The impulse responses obtained show that a positive shock to extra-euro area liquidity … leads to permanent increases in the euro area M3 aggregate and the price level, a temporary rise in real output and a …