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Logit price dynamics : N°1693, July 2014

Costain, James (contributor); Nakov, Anton (contributor) - European Central Bank - 2014

We model retail price stickiness as the result of errors due to costly decision-making. Under our assumed cost function for the precision of choice, the timing of price adjustments and the prices firms set are both logit random variables. Errors in the prices firms set help explain micro...

Persistent link: https://www.econbiz.de/10015301899

Credit market disequilibrium in Greece (2003-2011) : a Bayesian approach

Vouldis, Angelos T. (contributor) - European Central Bank - 2015

Motivated by the linkage between credit and growth in the Greek economy, and the deceleration of credit since the financial crisis, this paper studies the evolution of credit demand and supply in Greece. A disequilibrium model of demand and supply is estimated spanning the period 2003M1-2011M3....

Persistent link: https://www.econbiz.de/10015298940

Policy mandates for macro-prudential and monetary policies in a new Keynesian framework

Levine, Paul (contributor); Lima, Diana (contributor) - European Central Bank - 2015

In the aftermath of the financial crisis, the role of monetary policy and macro-prudential regulation in promoting financial stability is under discussion. The old debate concerning whether monetary policy should respond to credit and asset price bubbles was revived, whereas macro-prudential...

Persistent link: https://www.econbiz.de/10015298922

Employment, hours and optimal monetary policy : N°1713, August 2014

Dossche, Maarten (contributor); Lewis, Vivien (contributor); … - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301837

Monetary policy pass-through to consumer prices : evidence from granular price data

Allayioti, Anastasia (contributor); … - European Central Bank - 2024

We document that about 33% of the core inflation basket in the euro area is sensitive to monetary policy shocks. We assess potential theoretical mechanisms driving the sensitivity. Our results suggest that items of a discretionary nature, as reflected in a higher share in the consumption baskets...

Persistent link: https://www.econbiz.de/10015321474

Financial integration in Europe : May 2018

European Central Bank - 2017

The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial …

Persistent link: https://www.econbiz.de/10015286797

Financial integration in Europe : May 2017

European Central Bank - 2017

The ECB's annual report on financial integration in Europe contributes to the advancement of the process of European …

Persistent link: https://www.econbiz.de/10015290855

Financial integration in Europe : April 2016

European Central Bank - 2016

The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial … Europe, especially in the euro area, as reflected in the Eurosystem's mission statement. Financial integration fosters a …

Persistent link: https://www.econbiz.de/10015294414

Banking supervision : european experience and russian practice (a book prepared as a part of the project)

Olsen, Michael (contributor) - European Central Bank - 2005

Persistent link: https://www.econbiz.de/10015316616

Towards a European system for natural catastrophe risk management : the possible role of European solutions in reducing the impact of natural catastrophes stemming from climate change

European Central Bank; European Insurance and … - 2024

protection in Europe. Increased economic exposure and the growing frequency and severity of natural catastrophes linked to … climate change have been driving up the cost of natural catastrophes in Europe. Between 1981 and 2023, natural catastrophes … widen further due to the increasing risk posed by climate change. Europe is the fastest-warming continent in the world and …

Persistent link: https://www.econbiz.de/10015322330