This paper re-examines the relationship between trade intensity and business cycle
synchronization for 21 OECD countries in the period 1970–2003. Instead of using …

The study of exchange rates has undergone large fluctuations, very much like the exchange
rates themselves. During the 1970s, when the exchange rates of the major currencies were …

Using the structural vector autoregressive methodology, we present estimates of monetary
transmission for the new and future EU member countries in Central and Eastern Europe …

We estimate Taylor rules for the euro area using Consensus Economics data for expected
inflation and output growth, and compare these estimates with more conventional …

ABSTRACT The European Central Bank (ECB) has often been portrayed as highly resistant
to ideational change. This paper paints a different picture. A battle of ideas dominated the …

We examine the role of money in the policies of the European Central Bank (ECB), using
introductory statements of the ECB President at the monthly press conferences during 1999 …

Between 1996 and 2005 the number of central banks that publish a financial stability review
(FSR) increased from 1 to 40. A FSR may contribute to financial stability, increase …

This book fills a gap in academic literature on the politics and public policy aspects of central
banking in Europe, by conducting a theoretically-informed and empirically-grounded …

Yes. This study produces evidence that monetary policy transparency and communication
policy of the Bank of England have information content in reducing disagreement about …

We examine the usefulness of communication by the European Central Bank for predicting
its policy decisions during the early years of the European Economic and Monetary Union …