We build an euro-area level DSGE model featuring a liquidity shock in the sovereign bonds
market to simulate the strong contraction in economic activity observed during the 2008 …

This paper estimates forward-looking Taylor rules for the euro area. Using the asymmetries
in inflation and cyclical output developments across countries, we investigate the adequacy …

The recent global financial crisis has unsettled the broad acquiescence that has
predominated concerning the goals of a Central Bank for years. The viewpoint that the …

The objective of the European Central Bank (ECB) is price stability, which the ECB has
defined as an inflation rate in the euro area in the medium run that is below but close to 2 …

We assess the differences that emerge in Taylor rule estimations for the ECB when using ex-
post data instead of real time forecasts and vice versa. We argue that previous comparative …

Our paper calls attention to the heterogeneous levels of competition in EMU banking
systems. Employing a modified Lerner Index, our methodically unique data set enables us to …

The ECB's one size monetary policy is unlikely to fit all euro area members at all times,
which raises the question of how much monetary policy stress this causes at the national …

We find that, after the adoption of the euro, the European Central Bank has followed a
forward‐looking Taylor rule. This rule is such that nominal as well as real short‐term interest …

This paper examines the inflation spillovers across regions of Turkey by employing the
Diebold and Yilmaz (Int J Forecast, 28: 57–66, 2012) spillover index using the monthly …

This paper provides empirical evidence of the role of the euro in the genesis of the recent
Irish financial-economic crisis. By using a Taylor rule we measure the appropriateness of the …