The Pittsburgh G20 Checklist. Bruegel Policy Contribution 2009/09, September 2009 (2009)
In this timely policy contribution, Visiting Scholar Ignazio Angeloni suggests that the Pittsburgh G20 may represent policymakers' last chance at real financial market reform. He develops a shortlist...
Otmar Issing, Ignazio Angeloni, Vítor Gaspar, Hans-joachim Klöckers, Klaus Masuch, Sergio Nicoletti-altimari, ...
Telex 411 144 ecb d This publication will also be made available as an e-book to be downloaded from the ECB’s website. The views expressed in this publication do not necessarily reflect those of...
EUROSYSTEM MONETARY TRANSMISSION NETWORK (2007)
Benoît Mojon, European Central Bank, Ignazio Angeloni, Daniele Terlizzese, Daniele Terlizzese
the authors are affiliated � We are grateful to all members of the Eurosystem Monetary Transmission Network for their continuous co-operation and to the participants in the conference “Monetary...
Euro Area Inflation Differentials (2007)
Angeloni, Ignazio, Ehrmann, Michael
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and growth rates arise within the European Economic and Monetary Union (EMU). We find...
Euro Area Inflation Differentials (2007)
Angeloni, Ignazio, Ehrmann, Michael
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and growth rates arise within the European Economic and Monetary Union (EMU). We find...
Euro Area Inflation Differentials (2007)
Angeloni, Ignazio, Ehrmann, Michael
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and growth rates arise within the European Economic and Monetary Union (EMU). We find...
Euro Area Inflation Differentials (2007)
Angeloni, Ignazio, Ehrmann, Michael
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and growth rates arise within the European Economic and Monetary Union (EMU). We find...
Andrew Levin, Board of Governors of the Federal Reserve Board (2005)
Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, European Central Bank, ...
This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most...
Inflation Persistence in the Euro Area: Preliminary Summary of Findings (2004)
Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, Jordi Gali, Andy Levin, Frank Smets
This report presents results from a research project developed by the European Central Bank and the 12 National Central Banks of the Eurosystem on the persistence of inflation in the euro area and...
Ignazio Angeloni, Frank Smets, Ignazio Angeloni, Günter Coenen, Frank Smets
assistance of Keith Kuester � The opinions expressed herein are those of the author(s) and do not necessarily represent those of the
What Does the European Union Do? (2002)
ALESINA, Alberto, ANGELONI, Ignazio, SCHUKNECHT, Ludger
http://www.iue.it/RSCAS/WP-Texts/02_61.pdf
What Does the European Union Do? (2002)
ALESINA, Alberto, ANGELONI, Ignazio, SCHUKNECHT, Ludger
http://www.iue.it/RSCAS/WP-Texts/02_61.pdf
What Does the European Union Do? (2002)
ALESINA, Alberto, ANGELONI, Ignazio, SCHUKNECHT, Ludger
http://www.iue.it/RSCAS/WP-Texts/02_61.pdf
© notice, is given to the source. The Political Economy of International Unions (2001)
Alberto Alesina, Ignazio Angeloni, Federico Etro, Massimo Bordignon, Chris Foote, ...
support and acknowledges financial support from Fondazione Luigi Einaudi. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research or...
Ignazio Angeloni, Frank Smets, Prof Dr, Axel Weber, Roberta Ruben, Stählingdesign Darmstadt, ...
6 12 18 20 30 38 48 56 64 76 80 83
Economic and monetary integration of the new Member States - helping to chart the route
Ignazio Angeloni, Michael Flad, Francesco Paolo Mongelli
This paper examines diverse aspects of the monetary integration of the ten new Member States (NMS) which joined the EU on 1 May 2004 into the euro area. Most NMS have undergone a rapid and deep...
Price setting and inflation persistence: did EMU matter?
Ignazio Angeloni, Luc Aucremanne, Matteo Ciccarelli
Surprisingly it did not, or at least not directly. Using micro data on consumer prices and sectoral inflation rates from 6 euro area countries, spanning several years before and after the...
Price setting and inflation persistence: did EMU matter?
Ignazio Angeloni, Luc Aucremanne, Matteo Ciccarelli
"Surprisingly not; or at least not directly. Using data on individual consumer prices and on sectoral inflation rates from six euro area countries spanning several years before and after the...
What Does the European Union Do?
Alberto Alesina, Ignazio Angeloni, Ludger Schuknecht
We construct a set of indicators to measure the policy-making role of the European Union (European Council, Parliament, Commission, Court of Justice, etc. ), in a selected number of policy domains....
The Political Economy of International Unions
Alberto Alesina, Ignazio Angeloni, Federico Etro
We model an international union as a group of countries deciding together the provision of certain public goods and policies because of spillovers. The countries are heterogeneous either in...
Institutional Rules for Federations
Alberto Alesina, Ignazio Angeloni, Federico Etro
We study the organization of federations — or international unions — which decide together the provision of certain public goods. The benefit of centralization depends on the internalization of...
Alberto Alesina, Ignazio Angeloni, Federico Etro
We model an international union as a group of countries deciding together on the provision of public goods or policies that generate spillovers across members. The trade-off between benefits of...
From the ERM to the euro: new evidence on economic and policy convergence among EU countries
Skeptic views on EMU are usually cast around three arguments. First, the EU does not satisfy "Optimum Currency Area" (OCA) conditions. Second, heterogeneous economic and financial structures will...
What Does the European Union Do?
Alberto Alesina, Ignazio Angeloni, Ludger Schuknecht
Treaty on European Union; political economy; subsidiarity; fiscal federalism
Alberto Alesina, Ignazio Angeloni, Federico Etro
We model an international union as a group of countries deciding to centralize the provision of public goods, or policies, that generate externalities across union members. The trade-off between the...
Persistence, the Transmission Mechanism and Robust Monetary Policy
Frank Smets, Ignazio Angeloni, Gunter Coenen
SDGE models, monetary policy, robustness, euro area
Persistence, The Transmission Mechanism And Robust Monetary Policy
Ignazio Angeloni, Gunter Coenen, Frank Smets
In this paper we first explore the impact of nominal and real persistence on the transmission process of various shocks in an estimated DSGE model of the euro area. We then analyse its impact on...
Monetary transmission in the Euro Area: where do we stand?
Ignazio Angeloni, Benoit Mojon, Anil K. Kashyap, Daniele Terlizzese
Drawing on recent Eurosystem research that uses a range of econometric techniques and a number of new data sets, we propose a comprehensive description of how monetary policy affects the euro area...
Ignazio Angeloni, Anil K. Kashyap, Benoît Mojon, Daniele Terlizzese
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but...
Persistence, the transmission mechanism and robust monetary policy.
Ignazio Angeloni, Günter Coenen, Frank Smets
In this paper we first explore the impact of nominal and real persistence on the transmission process of various shocks in an estimated DSGE model of euro area. We then analyse its impact on optimal...
Monetary policy transmission in the euro area: any changes after EMU?
Ignazio Angeloni, Michael Ehrmann
We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind: has it changed after - and because of - EMU and, if so, is it becoming homogeneous...
Euro area inflation differentials
Ignazio Angeloni, Michael Ehrmann
We build a stylised 12-country model of the euro area and use it to analyse why differences in national inflation and growth rates arise within the European monetary union. We find that inflation...
The identification of liquidity effects in the EMS: Italy 1991–1992
Ignazio Angeloni, Alessandro Prati
We study the impact of liquidity shocks in Italy in the 1991–1992 period, when the lira belonged to the narrow ERM band with no exchange controls. We conduct our analysis by constructing (not...
Ignazio Angeloni, Anil K. Kashyap, Benoît Mojon, Daniele Terlizzese
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but...
Monetary Integration of the New EU Member States: What Sets the Pace of Euro Adoption?
IGNAZIO ANGELONI, MICHAEL FLAD, FRANCESCO PAOLO MONGELLI
How fast should the new Member States of the European Union (NMS) relinquish their domestic monetary and exchange rate autonomy? While the Maastricht convergence criteria are attracting significant...
What does the European Union do?
Alberto Alesina, Ignazio Angeloni, Ludger Schuknecht
The goal of this paper is to evaluate the attribution of policy prerogatives to European Union level institutions and compare them to the implications of normative policy models and to the...
Financial consolidation and monetary policy : commentary
Paper for a conference sponsored by the Federal Reserve Bank of New York entitled Financial Innovation and Monetary Transmission
Liquidity Effects and the Determinants of Short-term Interest Rates in Italy (1991-92)
Angeloni, Ignazio, Prati, Alessandro
The paper uses Italian daily data from January 1991 to July 1992 (a period in which the lira belonged to the narrow EMS band without foreign exchange controls) to measure the relationship between...
The Political Economy of International Unions
Alesina, Alberto F, Angeloni, Ignazio, Etro, Federico
We model an international union as a group of countries deciding together the provision of certain public goods and policies because of spillovers. The countries are heterogeneous either in...
What Does the European Union Do?
Alesina, Alberto F, Angeloni, Ignazio, Schuknecht, Ludger
We construct a set of indicators to measure the policy-making role of the European Union (European Council, Parliament, Commission, Court of Justice, etc.), in a selected number of policy domains....
Alesina, Alberto F, Angeloni, Ignazio, Etro, Federico
We model an international union as a group of countries deciding together on the provision of public goods or policies that generate spillovers across members. The trade-off between benefits of...
Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, Jordi Galí, Andrew Levin, Frank Smets
This paper evaluates new evidence on price-setting practices and inflation persistence in the euro area with respect to its implications for macro modeling. It argues that several of the most...
Euro Area Inflation Differentials
Ignazio Angeloni, Michael Ehrmann
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and growth rates arise within the European Economic and Monetary Union (EMU). We find...
Cross-Border Deposits and Monetary Aggregates in the Transition to EMU
Carlo Cottarelli, Ignazio Angeloni, Aviram Levy
European Economic and Monetary Union , International banking , Monetary aggregates , Demand for money , Currency substitution , Economic models ,
The Political Economy of International Unions
Alberto Alesina, Ignazio Angeloni, Federico Etro
We model an international union as a group of countries deciding together the provision of certain public goods and policies because of spillovers. The countries are heterogeneous either in...
Institutional Rules for Federations
Alberto Alesina, Ignazio Angeloni, Federico Etro
We study the organization of federations - or international unions - which decide together the provision of certain public goods. The benefit of centralization depends on the internalization of the...
What Does the European Union Do?
Alberto Alesina, Ignazio Angeloni, Ludger Schuknecht
We construct a set of indicators to measure the policy-making role of the European Union (European Council, Parliament, Commission, Court of Justice, etc.), in a selected number of policy domains....
Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?
Ignazio Angeloni, Anil K. Kashyap, Benoit Mojon, Daniele Terlizzese
Drawing on recent Eurosystem research that uses a range of econometric techniques and a number of new data sets, we propose a comprehensive description of how monetary policy affects the euro area...
Ignazio Angeloni, Anil K. Kashyap, Benoit Mojon, Daniele Terlizzese
We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but...
Monetary Policy in the Euro Area
Issing,Otmar, Gaspar,Vitor, Angeloni,Ignazio, Tristani,Oreste
How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a...
Monetary Policy in the Euro Area
Issing,Otmar, Gaspar,Vitor, Angeloni,Ignazio, Tristani,Oreste
How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a...
Monetary Policy Transmission in the Euro Area
Angeloni,Ignazio, Kashyap,Anil K., Mojon,Benoît
Proper conduct of monetary policy requires understanding the monetary transmission mechanism, to monitor the economy, make decisions on the stance of policy, and explain the policy actions to the...
A Tale of Two Policies: Prudential Regulation and Monetary Policy with Fragile Banks
We introduce banks, modeled as in Diamond and Rajan (JoF 2000 or JPE 2001), into a standard DSGE model and use this framework to study the role of banks in the transmission of shocks, the effects of...
Euro Area Inflation Differentials
Ignazio Angeloni, Michael Ehrmann
We build a stylised 12-country model of the euro area and use it to analyse how differences in national inflation and growth rates arise within the European Economic and Monetary Union (EMU). We find...