-oil import price shocks to euro area inflation at different stages of distribution (import prices, producer prices and consumer … large fraction of the variance in all price indices. They seem to have contributed largely to inflation in the euro area … since the start of the European Monetary Union. The results on the size and the speed of the passthrough in the euro area …

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 …

autarchic (i.e. fundamental) FX returns. The model is calibrated and tested on the Czech koruna/euro exchange rate in a setting … with seven Czech and euro area asset returns. …

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

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

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration … of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure … with that of the United States and Japan. Using new and comprehensive financial account data, we also describe how the euro …

euro as at September 2001. They update the previous factsheets dating from 1998 and outline the progress made since. …