using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since …

: has it changed after u0096 and because of u0096 EMU and, if so, is it becoming homogeneous across countries. Given the … find evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU … have changed even before EMU, and to now affect national economies in a broadly similar way. The asset-market channel …

United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the … increased strongly around EMU. Although spillover effects from the United States to the euro area remain stronger than in the … EMU. Second, beyond these general linkages, the paper finds that certain macroeconomic news about the US economy have a …

ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …