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Ignacio Hernando

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Ignacio Hernando & Irene Pablos & Daniel Santabárbara & Javier Vallés, 2018. "Private saving. New cross-country evidencebased on bayesian techniques," Working Papers 1802, Banco de España.

    Cited by:

    1. Ana Skoblar, 2024. "The puzzle of household savings in the European Union: tracing influences across time and space," Public Sector Economics, Institute of Public Finance, vol. 48(3), pages 247-282.

  2. Fructuoso Borrallo & Ignacio Hernando & Javier Vallés, 2016. "The effects of us unconventional monetary policies in Latin America," Working Papers 1606, Banco de España.

    Cited by:

    1. Wojciech Grabowski & Ewa Stawasz-Grabowska, 2021. "How have the European central bank’s monetary policies been affecting financial markets in CEE-3 countries?," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 43-83, March.
    2. Prabu A, Edwin & Bhattacharyya, Indranil & Ray, Partha, 2016. "Is the stock market impervious to monetary policy announcements: Evidence from emerging India," International Review of Economics & Finance, Elsevier, vol. 46(C), pages 166-179.
    3. Apergis, Nicholas & Chatziantoniou, Ioannis & Cooray, Arusha, 2020. "Monetary policy and commodity markets: Unconventional versus conventional impact and the role of economic uncertainty," International Review of Financial Analysis, Elsevier, vol. 71(C).
    4. M. Yu. GOLOVNIN, 2018. "External effects of US monetary policy," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 11(2).
    5. Gang Wang, 2019. "The Effects of Quantitative Easing Announcements on the Mortgage Market: An Event Study Approach," IJFS, MDPI, vol. 7(1), pages 1-30, February.
    6. Saba Ndayezhin Danladi, 2022. "Spillover Effects of US Monetary Policy and Macreconomic Conditions in Nigeria: Evidence from Time-Varying Parameter Structural Vector Autoregression (TVP-SVAR)," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 101-120.

  3. Juan Carlos Berganza & Ignacio Hernando & Javier Vallés, 2014. "Los desafíos para la política monetaria en las economías avanzadas tras la Gran Recesión," Occasional Papers 1404, Banco de España.

    Cited by:

    1. Irma Alonso, 2020. "The impact of unconventional monetary policies on perceptions of extreme events at times of crisis," Economic Bulletin, Banco de España, issue 4/2020.

  4. Ignacio Hernando & Ernesto Villanueva, 2012. "The recent slowdown of bank lending in Spain: are supply-side factors relevant?," Working Papers 1206, Banco de España.

    Cited by:

    1. Fátima Herranz González & Carmen Martínez-Carrascal, 2017. "The impact of firms’ financial position on fixed investment and employment. An analysis for Spain," Working Papers 1714, Banco de España.
    2. Martin, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2019. "The financial transmission of housing bubbles: evidence from Spain," Working Paper Series 2245, European Central Bank.
    3. Alfredo Martin-Oliver & Sonia Ruano & Vicente Salas-Fumas, 2013. "Banks' Equity Capital Frictions, Capital Ratios, and Interest Rates: Evidence from Spanish Banks," International Journal of Central Banking, International Journal of Central Banking, vol. 9(1), pages 183-225, March.
    4. Heitor, Manuel & Horta, Hugo & Leocádio, Miguel, 2016. "Enlarging the social basis of higher education: Lessons learned from extending a social support system with a risk-sharing loan scheme in Portugal," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 319-327.
    5. Petr Koráb & Jitka Poměnková, 2015. "Access to Credit of SMEs in the Czech Republic During the Financial Crisis and in the Post-crisis Period," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(4), pages 1297-1302.
    6. Alberto Martín & Enrique Moral-Benito & Tom Schmitz, 2018. "The Financial Transmission of Housing Booms: Evidence from Spain," Working Papers 1044, Barcelona School of Economics.
    7. Juan Jimeno & Tano Santos, 2014. "The crisis of the Spanish economy," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 125-141, August.
    8. Petr Koráb & Jitka Pomenkova, 2014. "Financial Crisis and Financing Constraints of SMEs in Visegrad Countries," WIFO Working Papers 485, WIFO.
    9. Alfredo Martín-Oliver & Sonia Ruano & Vicente Salas-Fumás, 2012. "Effects of equity capital on the interest rate and the demand for credit. Empirical evidence from Spanish banks," Working Papers 1218, Banco de España.
    10. De Andrés Mosquera, Andrés, 2017. "Los determinantes a largo plazo y su contribución a la tasa de ahorro de los hogares españoles en el período 1985-2016 || Long-term determinants and its contribution to Spanish household saving rate d," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 24(1), pages 292-339, Diciembre.
    11. Bredl Sebastian, 2022. "The Role of Non-performing Loans for Bank Lending Rates," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 242(2), pages 223-276, April.

  5. Ignacio Hernando & Jimena Llopis & Javier Vallés, 2012. "Los retos para la política económica en un entorno de tipos de interés próximos a cero," Occasional Papers 1207, Banco de España.

    Cited by:

    1. Pablo Moreno, 2013. "The Metamorphosis of the IMF (2009-2011)," Estudios Económicos, Banco de España, number 78.

  6. Jens Hagendorff & Ignacio Hernando & María J. Nieto & Larry D. Wall, 2010. "What do premiums paid for bank M&As reflect? The case of the European Union," Working Papers 1011, Banco de España.

    Cited by:

    1. Jens Hagendorff & Maria J. Nieto & Larry D. Wall, 2012. "The safety and soundness effects of bank M&A in the EU," FRB Atlanta Working Paper 2012-13, Federal Reserve Bank of Atlanta.
    2. Chung-Hua Shen & Yehning Chen & Hsing-Hua Hsu & Chih-Yung Lin, 2020. "Banking Crises and Market Timing: Evidence from M&As in the Banking Sector," Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(3), pages 315-347, June.
    3. Ishak Ramli, 2015. "Forced Bank Mergers and SME Financing," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(8), pages 30-36, July.
    4. Jens Hagendorff & Maria J. Nieto, 2015. "The Safety and Soundness Effects of Bank M&A in the EU: Does Prudential Regulation Have any Impact?," European Financial Management, European Financial Management Association, vol. 21(3), pages 462-490, June.
    5. Stefano Caiazza & Alberto Franco Pozzolo & Giovanni Trovato, 2014. "Do domestic and cross-border M&As differ? Cross-country evidence from the banking sector," Applied Financial Economics, Taylor & Francis Journals, vol. 24(14), pages 967-981, July.
    6. John S. Howe & Thibaut G. Morillon, 2017. "Do Mergers and Acquisitions Affect Information Asymmetry in the Banking Sector?," NFI Working Papers 2017-WP-01, Indiana State University, Scott College of Business, Networks Financial Institute.
    7. Leledakis, George N. & Pyrgiotakis, Emmanouil G., 2019. "Market concentration and bank M&As: Evidence from the European sovereign debt crisis," MPRA Paper 95739, University Library of Munich, Germany.
    8. Perafán-Peña, Héctor Fabio & Gill-de-Albornoz, Belén & Giner, Begoña, 2022. "Earnings management of target firms and deal premiums: The role of industry relatedness," The British Accounting Review, Elsevier, vol. 54(2).
    9. Ralph Sonenshine & Evan Kraft, 2015. "What Motivates Banks and Other Financial Services Firms to Merge? An Empirical Analysis of Economic and Institutional Factors," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 66-82, August.
    10. Bozos, Konstantinos & Ratnaike, Yasanji C. & Alsharairi, Malek, 2014. "How has the international harmonization of financial reporting standards affected merger premiums within the European Union?," International Review of Financial Analysis, Elsevier, vol. 31(C), pages 48-60.
    11. Mittal, Amit & Garg, Ajay Kumar, 2017. "Private information implications for acquirers and targets in horizontal mergers," MPRA Paper 85355, University Library of Munich, Germany.
    12. Caiazza, Stefano & Clare, Andrew & Pozzolo, Alberto Franco, 2012. "What do bank acquirers want? Evidence from worldwide bank M&A targets," Journal of Banking & Finance, Elsevier, vol. 36(9), pages 2641-2659.
    13. George Kyriazopoulos & Evangelos Drymbetas, 2015. "Long-term Performance of Acquirers Involved in Domestic Bank Ms&As in Europe," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 6(1), pages 56-67, January.
    14. Phil Molyneux & Klaus Schaeck & Tim Zhou, 2011. "‘Too Systemically Important to Fail’ in Banking," Working Papers 11011, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    15. Molyneux, Philip & Schaeck, Klaus & Zhou, Tim Mi, 2014. "‘Too systemically important to fail’ in banking – Evidence from bank mergers and acquisitions," Journal of International Money and Finance, Elsevier, vol. 49(PB), pages 258-282.

  7. José Manuel Campa & Ignacio Hernando, 2009. "Cash, access to credit, and value creation in M&As," Working Papers 0915, Banco de España.

    Cited by:

    1. Alexandridis, George & Fuller, Kathleen P. & Terhaar, Lars & Travlos, Nickolaos G., 2013. "Deal size, acquisition premia and shareholder gains," Journal of Corporate Finance, Elsevier, vol. 20(C), pages 1-13.

  8. Ignacio Hernando & María J. Nieto & Larry Wall, 2008. "Determinants of domestic and cross-border bank acquisitions in the European Union," Working Papers 0823, Banco de España.

    Cited by:

    1. Kenneth Sullivan, 2008. "Presentación proactiva del desempeño," Boletín, CEMLA, vol. 0(3), pages 130-135, Julio-sep.
    2. Emanuele BACCHIOCCHI & Matteo FERRARI & Massimo FLORIO & Daniela VANDONE, 2015. "State-Owned Banks: Acquirers in M&A deals," CIRIEC Working Papers 1508, CIRIEC - Université de Liège.
    3. Jens Hagendorff & Maria J. Nieto & Larry D. Wall, 2012. "The safety and soundness effects of bank M&A in the EU," FRB Atlanta Working Paper 2012-13, Federal Reserve Bank of Atlanta.
    4. Alin Marius Andrieș & Sabina Cazan & Nicu Sprincean, 2021. "Determinants of Bank M&As in Central and Eastern Europe," JRFM, MDPI, vol. 14(12), pages 1-19, December.
    5. Shim, Jungwook & Okamuro, Hiroyuki, 2011. "Does ownership matter in mergers? A comparative study of the causes and consequences of mergers by family and non-family firms," Journal of Banking & Finance, Elsevier, vol. 35(1), pages 193-203, January.
    6. Jens Hagendorff & Ignacio Hernando & Maria J. Nieto & Larry D. Wall, 2010. "What do premiums paid for bank M&As reflect? the case of the European Union," FRB Atlanta Working Paper 2010-05, Federal Reserve Bank of Atlanta.
    7. Burçak Polat, 2017. "FDI entry mode choice and ownership structure in Turkish market: A firm-level analysis," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1283762-128, January.
    8. Abdourahmane Diaw, 2014. "The effect of mergers and acquisitions on shareholder wealth: the case of European banks," Working Papers hal-01184665, HAL.
    9. Maria J. Nieto & Larry D. Wall, 2015. "Cross-border banking on the two sides of the Atlantic: does it have an impact on bank crisis management?," FRB Atlanta Working Paper 2015-11, Federal Reserve Bank of Atlanta.
    10. Lebastard, Laura, 2022. "Financial exposure and bank mergers: micro and macro evidence from the EU," Working Paper Series 2724, European Central Bank.
    11. Köhler, Matthias, 2010. "Transparency of regulation and cross-border bank mergers," ZEW Discussion Papers 08-009 [rev.], ZEW - Leibniz Centre for European Economic Research.
    12. Stafano Caiazza & Andrew Clare & Alberto Franco Pozzolo, 2010. "What do foreigners want? Evidence from;targets in bank cross-border M&As," Mo.Fi.R. Working Papers 45, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    13. Yiannis Anagnostopoulos & George Alexandrou & Hardy M. Thomas, 2024. "European banking M&As: The role of financial advisors," Review of Quantitative Finance and Accounting, Springer, vol. 63(4), pages 1193-1231, November.
    14. Toumi Hassen & Issaoui Fakhri & Ammouri Bilel & Touili Wassim & Hamdi Faouzi, 2018. "Dynamic Effects of Mergers and Acquisitions on the Performance of Commercial European Banks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 1032-1048, September.
    15. Pasiouras, Fotios & Tanna, Sailesh, 2010. "The prediction of bank acquisition targets with discriminant and logit analyses: Methodological issues and empirical evidence," Research in International Business and Finance, Elsevier, vol. 24(1), pages 39-61, January.
    16. Jens Hagendorff & Maria J. Nieto, 2015. "The Safety and Soundness Effects of Bank M&A in the EU: Does Prudential Regulation Have any Impact?," European Financial Management, European Financial Management Association, vol. 21(3), pages 462-490, June.
    17. Stefano Caiazza & Alberto Franco Pozzolo & Giovanni Trovato, 2014. "Do domestic and cross-border M&As differ? Cross-country evidence from the banking sector," Applied Financial Economics, Taylor & Francis Journals, vol. 24(14), pages 967-981, July.
    18. Papadimitri, Panagiota & Staikouras, Panagiotis & Travlos, Nickolaos G. & Tsoumas, Chris, 2019. "Punished banks' acquisitions: Evidence from the U.S. banking industry," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 744-764.
    19. Elena Beccalli & Pascal Frantz, 2013. "The Determinants of Mergers and Acquisitions in Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 43(3), pages 265-291, June.
    20. Santiago Carbo-Valverde & Edward J. Kane & Francisco Rodriguez-Fernandez, 2009. "Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU," NBER Working Papers 15447, National Bureau of Economic Research, Inc.
    21. Robert DeYoung & Douglas Evanoff & Philip Molyneux, 2009. "Mergers and Acquisitions of Financial Institutions: A Review of the Post-2000 Literature," Journal of Financial Services Research, Springer;Western Finance Association, vol. 36(2), pages 87-110, December.
    22. Matias Huhtilainen & Jani Saastamoinen & Niko Suhonen, 2022. "Determinants of mergers and acquisitions among Finnish cooperative and savings banks," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(3), pages 339-349, September.
    23. John S. Howe & Thibaut G. Morillon, 2017. "Do Mergers and Acquisitions Affect Information Asymmetry in the Banking Sector?," NFI Working Papers 2017-WP-01, Indiana State University, Scott College of Business, Networks Financial Institute.
    24. Vanwalleghem, Dieter & Yildirim, Canan & Mukanya, Anthony, 2020. "Leveraging local knowledge or global advantage: Cross border bank mergers and acquisitions in Africa," Emerging Markets Review, Elsevier, vol. 42(C).
    25. Stefano Caiazza & Alberto Franco Pozzolo & Giovanni Trovato, 2016. "Bank efficiency measures, M&A decision and heterogeneity," Journal of Productivity Analysis, Springer, vol. 46(1), pages 25-41, August.
    26. Leledakis, George N. & Pyrgiotakis, Emmanouil G., 2019. "Market concentration and bank M&As: Evidence from the European sovereign debt crisis," MPRA Paper 95739, University Library of Munich, Germany.
    27. Canan Yildirim, 2010. "Cherry Picking or Driving Out Bad Management: Foreign Acquisitions in Turkish Banking," Working Papers 568, Economic Research Forum, revised 11 Jan 2010.
    28. Lebastard, Laura, 2022. "Organisational structure as a driver of mergers and acquisitions in the European banking sector," Working Paper Series 2674, European Central Bank.
    29. Hankir, Yassin & Rauch, Christian & Umber, Marc P., 2011. "Bank M&A: A market power story?," Journal of Banking & Finance, Elsevier, vol. 35(9), pages 2341-2354, September.
    30. Beccalli, Elena & Frantz, Pascal, 2016. "Why are some banks recapitalized and others taken over?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 45(C), pages 79-95.
    31. Andreea Nicoleta Popovici & Dragos Gabriel Turliuc, 2014. "M&A, Competition And Performance In The Slovenian Banking System," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(1), pages 137-145, March.
    32. Vallascas, Francesco & Hagendorff, Jens, 2011. "The impact of European bank mergers on bidder default risk," Journal of Banking & Finance, Elsevier, vol. 35(4), pages 902-915, April.
    33. Kyung Yoon Kwon & Philip Molyneux & Livia Pancotto & Alessio Reghezza, 2024. "Banks and FinTech Acquisitions," Journal of Financial Services Research, Springer;Western Finance Association, vol. 65(1), pages 41-75, February.
    34. Banco Central Europeo, 2008. "La titulización en la zona del euro," Boletín, CEMLA, vol. 0(3), pages 136-149, Julio-sep.
    35. Dunn, Jessica Kay & Intintoli, Vincent J. & McNutt, Jamie John, 2015. "An examination of non-government-assisted US commercial bank mergers during the financial crisis," Journal of Economics and Business, Elsevier, vol. 77(C), pages 16-41.
    36. Jamal Al-Khasawneh, 2013. "Pairwise X-efficiency combinations of merging banks: analysis of the fifth merger wave," Review of Quantitative Finance and Accounting, Springer, vol. 41(1), pages 1-28, July.
    37. Beccalli, Elena & Frantz, Pascal, 2016. "Why are some banks recapitalized and others taken over?," LSE Research Online Documents on Economics 67305, London School of Economics and Political Science, LSE Library.
    38. Owen, Sian & Yawson, Alfred, 2010. "Human development and cross-border acquisitions," Journal of Empirical Finance, Elsevier, vol. 17(4), pages 689-701, September.
    39. Jelena Andrasic & Nada Milenkovic & Kristina Mijic & Vera Mirovic & Branimir Kalas, 2018. "The Impact of Acquisitions on Profitability: Evidence from the Banking Sector in Serbia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 83-99.
    40. Caiazza, Stefano & Clare, Andrew & Pozzolo, Alberto Franco, 2012. "What do bank acquirers want? Evidence from worldwide bank M&A targets," Journal of Banking & Finance, Elsevier, vol. 36(9), pages 2641-2659.
    41. Spokeviciute, Laima & Keasey, Kevin & Vallascas, Francesco, 2019. "Do financial crises cleanse the banking industry? Evidence from US commercial bank exits," Journal of Banking & Finance, Elsevier, vol. 99(C), pages 222-236.
    42. Climent Serrano, Salvador, 2013. "La reestructuración del sistema bancario español tras la crisis y la solvencia de las entidades financieras. Consecuencias para las cajas de ahorros," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(2), pages 136-146.

  9. José M. Campa & Ignacio Hernando, 2007. "The reaction by industry insiders to M&As in the European financial industry," Working Papers 0713, Banco de España.

    Cited by:

    1. Weiß, Gregor N.F. & Neumann, Sascha & Bostandzic, Denefa, 2014. "Systemic risk and bank consolidation: International evidence," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 165-181.
    2. Fadzlan Sufian & Fakarudin Kamarudin, 2017. "Forced Mergers on Bank Efficiency and Productivity: Evidence from Semi-parametric Malmquist Productivity Index," Global Business Review, International Management Institute, vol. 18(1), pages 19-44, February.
    3. Mataigne, Virginie & Manigart, Sophie & Luypaert, Mathieu, 2021. "Acquisitions: A curse or blessing for direct competitors? The impact of target ownership structure," Journal of Corporate Finance, Elsevier, vol. 69(C).
    4. Brealey, Richard A & Cooper, Ian A & Kaplanis, Evi, 2019. "The effect of mergers on US bank risk in the short run and in the long run," Journal of Banking & Finance, Elsevier, vol. 108(C).
    5. Avdasheva, Svetlana & Tsytsulina, Dina, 2015. "The effects of M&As in highly concentrated domestic vis-à-vis export markets: By the example of Russian metal industries," Research in International Business and Finance, Elsevier, vol. 34(C), pages 368-382.
    6. Moschieri, Caterina & Campa, José Manuel, 2014. "New trends in mergers and acquisitions: Idiosyncrasies of the European market," Journal of Business Research, Elsevier, vol. 67(7), pages 1478-1485.
    7. Hicham SBAI, 2017. "Les déterminants de la destruction de valeur à court terme pour l'entreprise acquéreuse," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 8(2), December.
    8. Santiago Carbo‐Valverde & Edward J. Kane & Francisco Rodriguez‐Fernandez, 2012. "Regulatory Arbitrage in Cross‐Border Banking Mergers within the EU," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1609-1629, December.
    9. Svetlana B. Avdasheva & Dina V. Tsytsulina, 2014. "The Effects Of Competition Policy: Merger Approval, Entry Barrier Removal, Antitrust Enforcement Compared," HSE Working papers WP BRP 34/FE/2014, National Research University Higher School of Economics.
    10. Campa, Jose M. & Moschieri, Caterina, 2008. "The European M&A industry: Trends, patterns and shortcomings," IESE Research Papers D/762, IESE Business School.

  10. Dias, D. & Dossche, M. & Gautier, E. & Hernando, I. & Sabbatini , R. & Stahl , H. & Vermeulen, P., 2007. "Macro Price setting in the euro area: Some stylised facts from Individual Producer Price," Working papers 164, Banque de France.

    Cited by:

    1. P. Du Caju & C. Fuss & L. Wintr, 2012. "Sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 45(1), pages 7-22, March.
    2. Marcelle, Chauvet & Insu, Kim, 2019. "Incomplete Price Adjustment and Inflation Persistence," MPRA Paper 97497, University Library of Munich, Germany, revised 04 Dec 2019.
    3. Patrick Lünnemann & Ladislav Wintr, 2006. "Are internet prices sticky?," BCL working papers 22, Central Bank of Luxembourg.
    4. Carstensen, Kai & Schenkelberg, Heike, 2011. "Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data," Discussion Papers in Economics 12170, University of Munich, Department of Economics.
    5. Banerjee, Shesadri & Bhattacharya, Rudrani, 2017. "Micro-level Price Setting Behaviour in India: Evidence from Group and Sub-Group Level CPI-IW Data," Working Papers 17/217, National Institute of Public Finance and Policy.
    6. Erwan Gautier, 2007. "La dynamique des changements de prix de production en France : une analyse à partir des relevés de prix de production," Économie et Statistique, Programme National Persée, vol. 407(1), pages 3-26.
    7. Dieppe, Alistair & González Pandiella, Alberto & Willman, Alpo, 2012. "The ECB's New Multi-Country Model for the euro area: NMCM — Simulated with rational expectations," Economic Modelling, Elsevier, vol. 29(6), pages 2597-2614.
    8. Mikael Carlsson, 2017. "Microdata Evidence on the Empirical Importance of Selection Effects in Menu‐Cost Models," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(8), pages 1803-1830, December.
    9. Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
    10. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    11. Øivind A. Nilsen & Magne Vange, 2019. "Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 81(1), pages 98-122, February.
    12. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2009. "Understanding sectoral differences in downward real wage rigidity : workforce composition, institutions, technology and competition," Working Paper Research 156, National Bank of Belgium.
    13. Philip Bunn & Colin Ellis, 2012. "How do Individual UK Producer Prices Behave?," Economic Journal, Royal Economic Society, vol. 122(558), pages 16-34, February.
    14. D. Cornille & M. Dossche, 2006. "The Patterns and Determinants of Price Setting in the Belgian Industry," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/386, Ghent University, Faculty of Economics and Business Administration.
    15. Maravall, A. & del Rio, A., 2007. "Temporal aggregation, systematic sampling, and the Hodrick-Prescott filter," Computational Statistics & Data Analysis, Elsevier, vol. 52(2), pages 975-998, October.
    16. Baoying Lai & Nathan Lael Joseph, 2010. "Pricing-to-market and the volatility of UK export prices," Applied Financial Economics, Taylor & Francis Journals, vol. 20(18), pages 1441-1460.
    17. Rita Duarte, 2009. "Wage and Price Dynamics in the United States and the Euro Area," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    18. Maria Coelho, 2019. "Fiscal Stimulus in a Monetary Union: Evidence from Eurozone Regions," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 573-617, September.
    19. Fabiani, Silvia & Martins, Fernando & Druant, Martine & Sabbatini, Roberto & Lamo, Ana & Kézdi, Gábor, 2009. "How are firms' wages and prices linked: survey evidence in Europe," Working Paper Series 1084, European Central Bank.
    20. Claire Loupias & Patrick Sevestre, 2013. "Costs, Demand, and Producer Price Changes," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 315-327, March.
    21. Manganelli, Simone & Wolswijk, Guido, 2007. "Market discipline, financial integration and fiscal rules: what drives spreads in the euro area government bond market?," Working Paper Series 745, European Central Bank.
    22. Alex Nikolsko‐Rzhevskyy & Oleksandr Talavera & Nam Vu, 2023. "The flood that caused a drought," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 965-981, October.
    23. Maarten Dossche, 2009. "Understanding inflation dynamics : Where do we stand ?," Working Paper Research 165, National Bank of Belgium.
    24. Erwan Gautier & Ronan Le Saout, 2012. "The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data," Working Papers hal-00759095, HAL.
    25. Solórzano Diego & Dixon Huw, 2020. "The Relationship Between Nominal Wage and Price Flexibility: New Evidence," Working Papers 2020-20, Banco de México.
    26. Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," SFB 649 Discussion Papers 2014-065, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    27. Saygın Şahinöz & Bedriye Saraçoğlu, 2011. "How do firms adjust their prices in Turkey? Micro-level evidence," Empirical Economics, Springer, vol. 40(3), pages 601-621, May.
    28. Kozo Ueda & Kota Watanabe, 2023. "Oligopolistic Competition, Price Rigidity, and Monetary Policy," CARF F-Series CARF-F-565, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    29. Ana Lamo, 2013. "Firms’ adjustment during times of crisis," Research Bulletin, European Central Bank, vol. 18, pages 9-11.
    30. Imbs, Jean & Jondeau, Eric & Pelgrin, Florian, 2007. "Aggregating Phillips curves," Working Paper Series 785, European Central Bank.
    31. Javier Andrés & Pablo Burriel & Wenyi Shen, 2020. "Debt sustainability and fiscal space in a heterogeneous Monetary Union: normal times vs the zero lower bound," Working Papers 2001, Banco de España.
    32. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    33. Fougère, Denis & Avouyi-Dovi, Sanvi & Gautier, Erwan, 2010. "Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data," CEPR Discussion Papers 7932, C.E.P.R. Discussion Papers.
    34. Noussair, C.N. & Pfajfar, D. & Zsiros, J., 2011. "Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy," Other publications TiSEM 0d53d81a-530d-4ff8-b281-5, Tilburg University, School of Economics and Management.
    35. Niclas Andrén & Lars Oxelheim, 2011. "Exchange rate regime shift and price patterns," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 7(2), pages 153-178, April.
    36. Mathä, Thomas Y. & Pierrard, Olivier, 2011. "Search in the product market and the real business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1172-1191, August.
    37. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
    38. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.
    39. Erwan Gautier, 2008. "The behaviour of producer prices: evidence from French PPI micro data," Empirical Economics, Springer, vol. 35(2), pages 301-332, September.
    40. Bartosz Mackowiak & Frank Smets, 2008. "On implications of micro price data for macro models," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
    41. Juan Manuel Julio & Héctor Manuel Zárate, 2008. "The Price Setting Behavior in Colombia: Evidence from PPI Micro Data," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(56), pages 12-44, June.
    42. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    43. Eijffinger, Sylvester & Grajales Olarte, Anderson & Uras, Burak, 2020. "Heterogeneity in wage setting behavior in a New-Keynesian Model," Other publications TiSEM 24069cb1-ed64-4367-9a37-b, Tilburg University, School of Economics and Management.
    44. Andrade, Philippe & Coibion, Olivier & Gautier, Erwan & Gorodnichenko, Yuriy, 2022. "No firm is an island? How industry conditions shape firms’ expectations," Department of Economics, Working Paper Series qt93g54490, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    45. Lubos Komarek & Petr Polak, 2024. "The fading of the inflation tsunami: Causes and outlooks," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - January 2024, pages 15-20, Czech National Bank.
    46. Jean Imbs & Eric Jondeau & Florian Pelgrin, 2011. "Sectoral Phillips curves and the aggregate Phillips curve," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00612310, HAL.
    47. Mikael Carlsson & Oskar Nordstrom Skans, 2012. "Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost," American Economic Review, American Economic Association, vol. 102(4), pages 1571-1595, June.
    48. Tovonony Razafindrabe, 2017. "Nonlinearity and asymmetry in the exchange rate pass-through: What role for nominal price stickiness?," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 711-732, September.
    49. Consolo, Agostino & Koester, Gerrit & Nickel, Christiane & Porqueddu, Mario & Smets, Frank, 2021. "The need for an inflation buffer in the ECB’s price stability objective – the role of nominal rigidities and inflation differentials," Occasional Paper Series 279, European Central Bank.
    50. Marcelle Chauvet & Insu Kim, 2010. "Microfoundations of inflation persistence in the New Keynesian Phillips curve," FRB Atlanta CQER Working Paper 2010-05, Federal Reserve Bank of Atlanta.
    51. Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018. "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series 7138, CESifo.
    52. Denis Fougère & Hervé Le Bihan & Patrick Sevestre, 2007. "Heterogeneity in consumer price stickiness. A microeconometric investigation," Post-Print halshs-00278922, HAL.
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    64. Fernando Martins, 2013. "Survey evidence on price and wage rigidities in Portugal," Working Papers w201312, Banco de Portugal, Economics and Research Department.
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    70. Burstein, Ariel & Gopinath, Gita, 2014. "International Prices and Exchange Rates," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 391-451, Elsevier.
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    72. Gautier, Erwan & Karadi, Peter & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Fuss, Catherine & Kosma, Theodora & Jouvanceau, Valentin & Martins, Fernando & Menz, Jan-Oliver & Messner, Tere, 2023. "Price adjustment in the euro area in the low-inflation period: evidence from consumer and producer micro price data," Occasional Paper Series 319, European Central Bank.
    73. Letterie, Wilko & Nilsen, Øivind A., 2016. "Price Changes - Stickiness and Internal Coordination in Multiproduct Firms," Discussion Paper Series in Economics 21/2016, Norwegian School of Economics, Department of Economics.
    74. Fernando Martins & Luis J. Álvarez, 2006. "Sticky Prices in The Euro Area: a Summary of New Micro Evidence," Working Papers w200605, Banco de Portugal, Economics and Research Department.
    75. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2007. "Downward wage rigidity for different workers and firms : an evaluation for Belgium using the IWFP procedure," Working Paper Research 124, National Bank of Belgium.
    76. Heiner Mikosch, 2012. "Sticky Prices, Competition and the Phillips Curve," KOF Working papers 12-294, KOF Swiss Economic Institute, ETH Zurich.
    77. Toyoichiro Shirota, 2021. "Cost of Sticky Prices under Multiple Stages of Production," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(5), pages 1211-1222, August.
    78. David Staines, 2023. "Stochastic Equilibrium the Lucas Critique and Keynesian Economics," Papers 2312.16214, arXiv.org, revised Jun 2024.
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    80. Rita Duarte, 2009. "The dynamic effects of shocks to wages and prices in the United States and the Euro Area," Working Papers w200915, Banco de Portugal, Economics and Research Department.
    81. ALIDOU, Sahawal, 2014. "Degree of price rigidity in LICs and implication for monetary policy," MPRA Paper 59844, University Library of Munich, Germany.
    82. Noussair, Charles N. & Pfajfar, Damjan & Zsiros, Janos, 2015. "Pricing decisions in an experimental dynamic stochastic general equilibrium economy," Journal of Economic Behavior & Organization, Elsevier, vol. 109(C), pages 188-202.
    83. Cheng-qi Hou & Pin Wang, 2014. "An Estimation of Sectoral Price Stickiness using Aggregate Data," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 53-70, June.
    84. Matsumura, Misaki, 2022. "What price index should central banks target? An open economy analysis," Journal of International Economics, Elsevier, vol. 135(C).
    85. Raphael Schoenle, 2017. "International Menu Costs and Price Dynamics," Review of International Economics, Wiley Blackwell, vol. 25(3), pages 578-606, August.
    86. Alvarez Luis J. & Burriel Pablo, 2010. "Is a Calvo Price Setting Model Consistent with Individual Price Data?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-25, May.
    87. Ahrens, Steffen & Hartmann, Matthias, 2014. "State-dependence vs. timedependence: An empirical multi-country investigation of price sluggishness," Kiel Working Papers 1907, Kiel Institute for the World Economy (IfW Kiel).
    88. Slanicay Martin, 2014. "Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models," Review of Economic Perspectives, Sciendo, vol. 14(2), pages 145-164, June.
    89. Mark Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Post-Print hal-02417497, HAL.
    90. Cho, Daeha & Kim, Kwang Hwan, 2022. "Inefficient relative price fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    91. Jennifer V. Greenslade & Miles Parker, 2012. "New Insights into Price‐Setting Behaviour in the UK: Introduction and Survey Results," Economic Journal, Royal Economic Society, vol. 122(558), pages 1-15, February.
    92. Ikeda, Daisuke, 2015. "Optimal inflation rates with the trending relative price of investment," Journal of Economic Dynamics and Control, Elsevier, vol. 56(C), pages 20-33.
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    95. Aitor Erce, 2008. "A structural model of sovereign debt issuance: assessing the role of financial factors," Working Papers 0809, Banco de España.
    96. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2014. "More facts about prices: France before and during the Great Recession," Working Papers hal-01060564, HAL.
    97. Luca Dedola & Erwan Gautier & Chiara Osbat & Sergio Santoro, 2024. "Price Stickiness in the Euro Area," Working papers 958, Banque de France.
    98. Florian Huber & Magdalena Petrovska, 2015. "Price and Wage Rigidities in the Republic of Macedonia: Survey Evidence from Micro- Level Data," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 49-64.
    99. Gautier, E., 2008. "Les ajustements microéconomiques des prix : une synthèse des modèles théoriques et résultats empiriques," Working papers 211, Banque de France.
    100. Philippe Andrade & Olivier Coibion & Erwan Gautier & Yuriy Gorodnichenko, 2020. "No Firm is an Island? How Industry Conditions Shape Firms' Aggregate Expectations," NBER Working Papers 27317, National Bureau of Economic Research, Inc.
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    102. Mohamed Diaby & Atsuyoshi Morozumi, 2019. "Sectoral heterogeneities in price rigidity and returns to scale," Discussion Papers 2019/05, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
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  11. Philip Vermeulen & Daniel Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area: some stylised facts from individual producer price data," Working Papers 0703, Banco de España.

    Cited by:

    1. P. Du Caju & C. Fuss & L. Wintr, 2012. "Sectoral differences in downward real wage rigidity: workforce composition, institutions, technology and competition," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 45(1), pages 7-22, March.
    2. Marcelle, Chauvet & Insu, Kim, 2019. "Incomplete Price Adjustment and Inflation Persistence," MPRA Paper 97497, University Library of Munich, Germany, revised 04 Dec 2019.
    3. Patrick Lünnemann & Ladislav Wintr, 2006. "Are internet prices sticky?," BCL working papers 22, Central Bank of Luxembourg.
    4. Carstensen, Kai & Schenkelberg, Heike, 2011. "Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data," Discussion Papers in Economics 12170, University of Munich, Department of Economics.
    5. Banerjee, Shesadri & Bhattacharya, Rudrani, 2017. "Micro-level Price Setting Behaviour in India: Evidence from Group and Sub-Group Level CPI-IW Data," Working Papers 17/217, National Institute of Public Finance and Policy.
    6. Erwan Gautier, 2007. "La dynamique des changements de prix de production en France : une analyse à partir des relevés de prix de production," Économie et Statistique, Programme National Persée, vol. 407(1), pages 3-26.
    7. Dieppe, Alistair & González Pandiella, Alberto & Willman, Alpo, 2012. "The ECB's New Multi-Country Model for the euro area: NMCM — Simulated with rational expectations," Economic Modelling, Elsevier, vol. 29(6), pages 2597-2614.
    8. Mikael Carlsson, 2017. "Microdata Evidence on the Empirical Importance of Selection Effects in Menu‐Cost Models," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(8), pages 1803-1830, December.
    9. Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
    10. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    11. Øivind A. Nilsen & Magne Vange, 2019. "Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 81(1), pages 98-122, February.
    12. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2009. "Understanding sectoral differences in downward real wage rigidity : workforce composition, institutions, technology and competition," Working Paper Research 156, National Bank of Belgium.
    13. Philip Bunn & Colin Ellis, 2012. "How do Individual UK Producer Prices Behave?," Economic Journal, Royal Economic Society, vol. 122(558), pages 16-34, February.
    14. D. Cornille & M. Dossche, 2006. "The Patterns and Determinants of Price Setting in the Belgian Industry," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/386, Ghent University, Faculty of Economics and Business Administration.
    15. Maravall, A. & del Rio, A., 2007. "Temporal aggregation, systematic sampling, and the Hodrick-Prescott filter," Computational Statistics & Data Analysis, Elsevier, vol. 52(2), pages 975-998, October.
    16. Baoying Lai & Nathan Lael Joseph, 2010. "Pricing-to-market and the volatility of UK export prices," Applied Financial Economics, Taylor & Francis Journals, vol. 20(18), pages 1441-1460.
    17. Rita Duarte, 2009. "Wage and Price Dynamics in the United States and the Euro Area," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    18. Maria Coelho, 2019. "Fiscal Stimulus in a Monetary Union: Evidence from Eurozone Regions," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 573-617, September.
    19. Fabiani, Silvia & Martins, Fernando & Druant, Martine & Sabbatini, Roberto & Lamo, Ana & Kézdi, Gábor, 2009. "How are firms' wages and prices linked: survey evidence in Europe," Working Paper Series 1084, European Central Bank.
    20. Claire Loupias & Patrick Sevestre, 2013. "Costs, Demand, and Producer Price Changes," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 315-327, March.
    21. Manganelli, Simone & Wolswijk, Guido, 2007. "Market discipline, financial integration and fiscal rules: what drives spreads in the euro area government bond market?," Working Paper Series 745, European Central Bank.
    22. Alex Nikolsko‐Rzhevskyy & Oleksandr Talavera & Nam Vu, 2023. "The flood that caused a drought," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 965-981, October.
    23. Maarten Dossche, 2009. "Understanding inflation dynamics : Where do we stand ?," Working Paper Research 165, National Bank of Belgium.
    24. Erwan Gautier & Ronan Le Saout, 2012. "The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data," Working Papers hal-00759095, HAL.
    25. Solórzano Diego & Dixon Huw, 2020. "The Relationship Between Nominal Wage and Price Flexibility: New Evidence," Working Papers 2020-20, Banco de México.
    26. Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," SFB 649 Discussion Papers 2014-065, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    27. Saygın Şahinöz & Bedriye Saraçoğlu, 2011. "How do firms adjust their prices in Turkey? Micro-level evidence," Empirical Economics, Springer, vol. 40(3), pages 601-621, May.
    28. Kozo Ueda & Kota Watanabe, 2023. "Oligopolistic Competition, Price Rigidity, and Monetary Policy," CARF F-Series CARF-F-565, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    29. Ana Lamo, 2013. "Firms’ adjustment during times of crisis," Research Bulletin, European Central Bank, vol. 18, pages 9-11.
    30. Imbs, Jean & Jondeau, Eric & Pelgrin, Florian, 2007. "Aggregating Phillips curves," Working Paper Series 785, European Central Bank.
    31. Javier Andrés & Pablo Burriel & Wenyi Shen, 2020. "Debt sustainability and fiscal space in a heterogeneous Monetary Union: normal times vs the zero lower bound," Working Papers 2001, Banco de España.
    32. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    33. Fougère, Denis & Avouyi-Dovi, Sanvi & Gautier, Erwan, 2010. "Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data," CEPR Discussion Papers 7932, C.E.P.R. Discussion Papers.
    34. Noussair, C.N. & Pfajfar, D. & Zsiros, J., 2011. "Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy," Other publications TiSEM 0d53d81a-530d-4ff8-b281-5, Tilburg University, School of Economics and Management.
    35. Niclas Andrén & Lars Oxelheim, 2011. "Exchange rate regime shift and price patterns," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 7(2), pages 153-178, April.
    36. Mathä, Thomas Y. & Pierrard, Olivier, 2011. "Search in the product market and the real business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1172-1191, August.
    37. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
    38. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.
    39. Erwan Gautier, 2008. "The behaviour of producer prices: evidence from French PPI micro data," Empirical Economics, Springer, vol. 35(2), pages 301-332, September.
    40. Bartosz Mackowiak & Frank Smets, 2008. "On implications of micro price data for macro models," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
    41. Juan Manuel Julio & Héctor Manuel Zárate, 2008. "The Price Setting Behavior in Colombia: Evidence from PPI Micro Data," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(56), pages 12-44, June.
    42. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    43. Eijffinger, Sylvester & Grajales Olarte, Anderson & Uras, Burak, 2020. "Heterogeneity in wage setting behavior in a New-Keynesian Model," Other publications TiSEM 24069cb1-ed64-4367-9a37-b, Tilburg University, School of Economics and Management.
    44. Andrade, Philippe & Coibion, Olivier & Gautier, Erwan & Gorodnichenko, Yuriy, 2022. "No firm is an island? How industry conditions shape firms’ expectations," Department of Economics, Working Paper Series qt93g54490, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    45. Lubos Komarek & Petr Polak, 2024. "The fading of the inflation tsunami: Causes and outlooks," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - January 2024, pages 15-20, Czech National Bank.
    46. Jean Imbs & Eric Jondeau & Florian Pelgrin, 2011. "Sectoral Phillips curves and the aggregate Phillips curve," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00612310, HAL.
    47. Mikael Carlsson & Oskar Nordstrom Skans, 2012. "Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost," American Economic Review, American Economic Association, vol. 102(4), pages 1571-1595, June.
    48. Tovonony Razafindrabe, 2017. "Nonlinearity and asymmetry in the exchange rate pass-through: What role for nominal price stickiness?," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 711-732, September.
    49. Consolo, Agostino & Koester, Gerrit & Nickel, Christiane & Porqueddu, Mario & Smets, Frank, 2021. "The need for an inflation buffer in the ECB’s price stability objective – the role of nominal rigidities and inflation differentials," Occasional Paper Series 279, European Central Bank.
    50. Marcelle Chauvet & Insu Kim, 2010. "Microfoundations of inflation persistence in the New Keynesian Phillips curve," FRB Atlanta CQER Working Paper 2010-05, Federal Reserve Bank of Atlanta.
    51. Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018. "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series 7138, CESifo.
    52. Denis Fougère & Hervé Le Bihan & Patrick Sevestre, 2007. "Heterogeneity in consumer price stickiness. A microeconometric investigation," Post-Print halshs-00278922, HAL.
    53. Georg H. Strasser, 2011. "Exchange Rate Pass-Through and Credit Constraints: Firms Price to Market as Long as They Can," Boston College Working Papers in Economics 788, Boston College Department of Economics, revised 13 Feb 2012.
    54. Anna Watson, 2010. "The Impact of Trade Integration and Competition on Real and Nominal Price Rigidities: Insights from a New-Keynesian DSGE Model," DEGIT Conference Papers c015_061, DEGIT, Dynamics, Economic Growth, and International Trade.
    55. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2010. "Price-setting behaviour in Spain: evidence from micro PPI data," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 105-121.
    56. Mark Gertler & Peter Karadi, 2013. "Macroeconomic effects of large-scale asset purchase programs," Research Bulletin, European Central Bank, vol. 18, pages 12-15.
    57. Bremmers, Harry J. & van der Meulen, Bernd M.J. & Sredojevi, Zorica & Wijnands, Jo H.M., 2012. "Legal-Economic Barriers to Price Transfers in Food Supply Chains," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 6(1-2), pages 1-8, September.
    58. Isabel Argimón & Pablo Hernández de Cos, 2008. "The determinants of budget balances of the regional (Autonomous) governments," Working Papers 0803, Banco de España.
    59. Harilaos Mertzanis, 2009. "Efficiency Wages, Inflation And Growth," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 34(2), pages 131-151, December.
    60. Marco Bottone & Alfonso Rosolia, 2019. "Monetary policy, firms’ inflation expectations and prices: causal evidence from firm-level data," Temi di discussione (Economic working papers) 1218, Bank of Italy, Economic Research and International Relations Area.
    61. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    62. Roman Horv??th, 2006. "Financial Accelerator Effects in the Balance Sheets of Czech Firms," William Davidson Institute Working Papers Series wp847, William Davidson Institute at the University of Michigan.
    63. Schenkelberg, Heike, 2011. "Why are Prices Sticky? Evidence from Business Survey Data," Discussion Papers in Economics 12158, University of Munich, Department of Economics.
    64. Fernando Martins, 2013. "Survey evidence on price and wage rigidities in Portugal," Working Papers w201312, Banco de Portugal, Economics and Research Department.
    65. Emmanuel Dhyne & Catherine Fuss & M. Hashem Pesaran & Patrick Sevestre, 2011. "Lumpy Price Adjustments: A Microeconometric Analysis," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 29(4), pages 529-540, October.
    66. Söderberg, Johan, 2015. "Seasonality in the Frequency of Price Change and Optimal Monetary Policy," Research Papers in Economics 2015:11, Stockholm University, Department of Economics.
    67. Seong-Hoon Kim & Seongman Moon, 2024. "How Much Do Prices Respond to Demand and Supply Shocks?," Korean Economic Review, Korean Economic Association, vol. 40, pages 289-314.
    68. Pinelopi K. Goldberg & Rebecca Hellerstein, 2009. "How rigid are producer prices?," Staff Reports 407, Federal Reserve Bank of New York.
    69. Christophe Blot & Jérôme Creel & François Geerolf & Sandrine Levasseur, 2022. "Heterogeneity of inflation in the euro area: more complicated than it seems," SciencePo Working papers Main hal-03970416, HAL.
    70. Burstein, Ariel & Gopinath, Gita, 2014. "International Prices and Exchange Rates," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 391-451, Elsevier.
    71. Gani Ramadani, 2017. "Measuring wage and price stickiness using firm-level data and potential implications for monetary policy in Macedonia," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Statistical implications of the new financial landscape, volume 43, Bank for International Settlements.
    72. Gautier, Erwan & Karadi, Peter & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Fuss, Catherine & Kosma, Theodora & Jouvanceau, Valentin & Martins, Fernando & Menz, Jan-Oliver & Messner, Tere, 2023. "Price adjustment in the euro area in the low-inflation period: evidence from consumer and producer micro price data," Occasional Paper Series 319, European Central Bank.
    73. Letterie, Wilko & Nilsen, Øivind A., 2016. "Price Changes - Stickiness and Internal Coordination in Multiproduct Firms," Discussion Paper Series in Economics 21/2016, Norwegian School of Economics, Department of Economics.
    74. Fernando Martins & Luis J. Álvarez, 2006. "Sticky Prices in The Euro Area: a Summary of New Micro Evidence," Working Papers w200605, Banco de Portugal, Economics and Research Department.
    75. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2007. "Downward wage rigidity for different workers and firms : an evaluation for Belgium using the IWFP procedure," Working Paper Research 124, National Bank of Belgium.
    76. Heiner Mikosch, 2012. "Sticky Prices, Competition and the Phillips Curve," KOF Working papers 12-294, KOF Swiss Economic Institute, ETH Zurich.
    77. Toyoichiro Shirota, 2021. "Cost of Sticky Prices under Multiple Stages of Production," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(5), pages 1211-1222, August.
    78. David Staines, 2023. "Stochastic Equilibrium the Lucas Critique and Keynesian Economics," Papers 2312.16214, arXiv.org, revised Jun 2024.
    79. Andrea Fracasso & Angelo Secchi & Chiara Tomasi, 2022. "Export pricing and exchange rate expectations under uncertainty," PSE-Ecole d'économie de Paris (Postprint) halshs-03673148, HAL.
    80. Rita Duarte, 2009. "The dynamic effects of shocks to wages and prices in the United States and the Euro Area," Working Papers w200915, Banco de Portugal, Economics and Research Department.
    81. ALIDOU, Sahawal, 2014. "Degree of price rigidity in LICs and implication for monetary policy," MPRA Paper 59844, University Library of Munich, Germany.
    82. Noussair, Charles N. & Pfajfar, Damjan & Zsiros, Janos, 2015. "Pricing decisions in an experimental dynamic stochastic general equilibrium economy," Journal of Economic Behavior & Organization, Elsevier, vol. 109(C), pages 188-202.
    83. Cheng-qi Hou & Pin Wang, 2014. "An Estimation of Sectoral Price Stickiness using Aggregate Data," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 53-70, June.
    84. Matsumura, Misaki, 2022. "What price index should central banks target? An open economy analysis," Journal of International Economics, Elsevier, vol. 135(C).
    85. Raphael Schoenle, 2017. "International Menu Costs and Price Dynamics," Review of International Economics, Wiley Blackwell, vol. 25(3), pages 578-606, August.
    86. Alvarez Luis J. & Burriel Pablo, 2010. "Is a Calvo Price Setting Model Consistent with Individual Price Data?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-25, May.
    87. Ahrens, Steffen & Hartmann, Matthias, 2014. "State-dependence vs. timedependence: An empirical multi-country investigation of price sluggishness," Kiel Working Papers 1907, Kiel Institute for the World Economy (IfW Kiel).
    88. Slanicay Martin, 2014. "Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models," Review of Economic Perspectives, Sciendo, vol. 14(2), pages 145-164, June.
    89. Mark Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Post-Print hal-02417497, HAL.
    90. Cho, Daeha & Kim, Kwang Hwan, 2022. "Inefficient relative price fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    91. Jennifer V. Greenslade & Miles Parker, 2012. "New Insights into Price‐Setting Behaviour in the UK: Introduction and Survey Results," Economic Journal, Royal Economic Society, vol. 122(558), pages 1-15, February.
    92. Ikeda, Daisuke, 2015. "Optimal inflation rates with the trending relative price of investment," Journal of Economic Dynamics and Control, Elsevier, vol. 56(C), pages 20-33.
    93. Kenichi MATSUMOTO & Azusa OKAGAWA, 2010. "Analysis of Economic and Environmental Impacts of CO2 Abatement in Japan Applying a CGE Model with Knowledge Investment," EcoMod2010 259600115, EcoMod.
    94. Diron, Marie & Mojon, Benoît, 2005. "Forecasting the central bank's inflation objective is a good rule of thumb," Working Paper Series 564, European Central Bank.
    95. Aitor Erce, 2008. "A structural model of sovereign debt issuance: assessing the role of financial factors," Working Papers 0809, Banco de España.
    96. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2014. "More facts about prices: France before and during the Great Recession," Working Papers hal-01060564, HAL.
    97. Luca Dedola & Erwan Gautier & Chiara Osbat & Sergio Santoro, 2024. "Price Stickiness in the Euro Area," Working papers 958, Banque de France.
    98. Florian Huber & Magdalena Petrovska, 2015. "Price and Wage Rigidities in the Republic of Macedonia: Survey Evidence from Micro- Level Data," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 49-64.
    99. Gautier, E., 2008. "Les ajustements microéconomiques des prix : une synthèse des modèles théoriques et résultats empiriques," Working papers 211, Banque de France.
    100. Philippe Andrade & Olivier Coibion & Erwan Gautier & Yuriy Gorodnichenko, 2020. "No Firm is an Island? How Industry Conditions Shape Firms' Aggregate Expectations," NBER Working Papers 27317, National Bureau of Economic Research, Inc.
    101. Fernando Martins, 2015. "What Survey Data Reveal about Price and Wage Rigidity in Portugal," LABOUR, CEIS, vol. 29(3), pages 291-309, September.
    102. Mohamed Diaby & Atsuyoshi Morozumi, 2019. "Sectoral heterogeneities in price rigidity and returns to scale," Discussion Papers 2019/05, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    103. Philip Du Caju & Catherine Fuss & Ladislav Wintr, 2012. "Downward Wage Regidity for Different Workers and Firms," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 55(1), pages 5-32.
    104. Ernestas Virbickas, 2010. "Wage and Price Setting Behaviour of Lithuanian Firms," Bank of Lithuania Working Paper Series 7, Bank of Lithuania.
    105. Druant, Martine & Fabiani, Silvia & Kezdi, Gabor & Lamo, Ana & Martins, Fernando & Sabbatini, Roberto, 2012. "Firms' price and wage adjustment in Europe: Survey evidence on nominal stickiness," Labour Economics, Elsevier, vol. 19(5), pages 772-782.
    106. Lünnemann, Patrick & Wintr, Ladislav, 2009. "Wages are flexible aren't they? Evidence from monthly micro wage data," Working Paper Series 1074, European Central Bank.
    107. Watson, Anna, 2016. "Trade openness and inflation: The role of real and nominal price rigidities," Journal of International Money and Finance, Elsevier, vol. 64(C), pages 137-169.
    108. Wilko Letterie & Øivind A. Nilsen, 2022. "Pricing Behaviour and Menu Costs in Multi‐product Firms," Economica, London School of Economics and Political Science, vol. 89(355), pages 746-769, July.
    109. Matteo Ciccarelli & Angela Maddaloni, 2013. "Heterogeneous transmission mechanism and the credit channel in the euro area," Research Bulletin, European Central Bank, vol. 18, pages 2-8.
    110. Catherine Fuss & Ladislav Wintr, 2009. "Rigid labour compensation and flexible employment ? Firm-level evidence with regard to productivity for Belgium," Working Paper Research 159, National Bank of Belgium.
    111. Samu Kurri, 2009. "Price Changes in Finland: Some Evidence from the Micro CPI data," Finnish Economic Papers, Finnish Economic Association, vol. 22(2), pages 47-62, Autumn.
    112. Fernandes, Ana P. & Winters, L. Alan, 2021. "Exporters and shocks: The impact of the Brexit vote shock on bilateral exports to the UK," Journal of International Economics, Elsevier, vol. 131(C).
    113. Chiang, Shu-Hen & Lee, Chien-Chiang & Liao, Ying, 2021. "Exploring the sources of inflation dynamics: New evidence from China," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 313-332.
    114. Diego Romero-Ávila & Carlos Usabiaga, 2012. "Disaggregate evidence on Spanish inflation persistence," Applied Economics, Taylor & Francis Journals, vol. 44(23), pages 3029-3046, August.

  12. Luis J. Álvarez & Ignacio Hernando, 2006. "Competition and price adjustment in the euro area," Working Papers 0629, Banco de España.

    Cited by:

    1. Fabiani, Silvia & Porqueddu, Mario, 2017. "Changing prices... changing times: evidence for Italy," Working Paper Series 2002, European Central Bank.
    2. Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
    3. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Magdalena Morgese Borys & Roman Horvath, 2007. "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," CERGE-EI Working Papers wp339, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    5. Maravall, A. & del Rio, A., 2007. "Temporal aggregation, systematic sampling, and the Hodrick-Prescott filter," Computational Statistics & Data Analysis, Elsevier, vol. 52(2), pages 975-998, October.
    6. Fabiani, Silvia & Martins, Fernando & Druant, Martine & Sabbatini, Roberto & Lamo, Ana & Kézdi, Gábor, 2009. "How are firms' wages and prices linked: survey evidence in Europe," Working Paper Series 1084, European Central Bank.
    7. Wioletta Dziuda & Giovanni Mastrobuoni, 2009. "The Euro Changeover and Its Effects on Price Transparency and Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 101-129, February.
    8. Heiner Mikosch, 2013. "Der Zusammenhang zwischen Preisen, Kapazitätsauslastung und Wettbewerb," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 7(1), pages 91-103, March.
    9. Watanabe Watanabe, Makoto, 2006. "Inflation, price competition and consumer search technology," UC3M Working papers. Economics we065623, Universidad Carlos III de Madrid. Departamento de Economía.
    10. Bartosz Mackowiak & Frank Smets, 2008. "On implications of micro price data for macro models," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
    11. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    12. Sylvain Benoît & Yannick Lucotte & Sébastien Ringuedé, 2019. "Competition and price stickiness: Evidence from the French retail gasoline market," Working Papers hal-02292332, HAL.
    13. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    14. Praveen Kujal & Juan Ruiz, 2007. "Cost effectiveness of R&D and strategic trade policy," Working Papers 0701, Banco de España.
    15. Fernando Martins, 2013. "Survey evidence on price and wage rigidities in Portugal," Working Papers w201312, Banco de Portugal, Economics and Research Department.
    16. Aida Caldera Sánchez & Morten Rasmussen & Oliver Röhn, 2016. "Economic Resilience: What Role for Policies?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-44, June.
    17. Asha Sundaram & Lawrence Edwards & Mamello A. Nchake, 2015. "Price-setting Behavior and Competition in Developing Countries: An Analysis of Retail Outlets in Lesotho," Working Papers 567, Economic Research Southern Africa.
    18. Ricardo Gimeno & Juan M. Nave, 2006. "Genetic algorithm estimation of interest rate term structure," Working Papers 0634, Banco de España.
    19. Jacques Pelkmans & Lourdes Acedo Montoya & Alessandro Maravalle, 2008. "How product market reforms lubricate shock adjustment in the euro area," European Economy - Economic Papers 2008 - 2015 341, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    20. Druant, Martine & Fabiani, Silvia & Kezdi, Gabor & Lamo, Ana & Martins, Fernando & Sabbatini, Roberto, 2012. "Firms' price and wage adjustment in Europe: Survey evidence on nominal stickiness," Labour Economics, Elsevier, vol. 19(5), pages 772-782.
    21. Matsuoka, Takayasu, 2012. "Retail Price Stickiness, Market Structure and Distribution Channels," Research Center for Price Dynamics Working Paper Series 4, Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University.

  13. Ignacio Hernando & María J. Nieto, 2006. "Is the internet delivery channel changing banks' performance? The case of Spanish banks," Working Papers 0624, Banco de España.

    Cited by:

    1. Mohammad Rezaei & Saeedeh Ketabi, 2016. "Ranking the Banks through Performance Evaluation by Integrating Fuzzy AHP and TOPSIS Methods: A Study of Iranian Private Banks," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(3), pages 19-30, July.
    2. Yan Dong & Moonwon Chung & Chen Zhou & Sriram Venkataraman, 2019. "Banking on “Mobile Money”: The Implications of Mobile Money Services on the Value Chain," Manufacturing & Service Operations Management, INFORMS, vol. 21(2), pages 290-307, May.
    3. W. Scott Frame & Lawrence J. White, 2009. "Technological change, financial innovation, and diffusion in banking," FRB Atlanta Working Paper 2009-10, Federal Reserve Bank of Atlanta.
    4. Lamers, Martien, 2015. "Depositor discipline and bank failures in local markets during the financial crisis," Research Report 15007-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    5. Ranjan Kumar Nayak, 2022. "Performance of Odisha State Co-operative Bank: An ARDL Approach," Arthaniti: Journal of Economic Theory and Practice, , vol. 21(1), pages 7-26, June.
    6. Donal G. MCKILLOP & Barry QUINN, 2015. "Web Adoption By Irish Credit Unions: Performance Implications," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(3), pages 421-443, September.
    7. Qingjun Zhang & Yiding Ou & Rong Chen, 2023. "Digitalization and stability in banking sector: a systemic risk perspective," Risk Management, Palgrave Macmillan, vol. 25(2), pages 1-29, June.
    8. Ayman A. Alsmadi & Ahmed Shuhaiber & Loai N. Alhawamdeh & Rasha Alghazzawi & Manaf Al-Okaily, 2022. "Twenty Years of Mobile Banking Services Development and Sustainability: A Bibliometric Analysis Overview (2000–2020)," Sustainability, MDPI, vol. 14(17), pages 1-14, August.
    9. Tariq Abbasi & Hans Weigand, 2017. "The Impact of Digital Financial Services on Firm's Performance: a Literature Review," Papers 1705.10294, arXiv.org.
    10. Francesca Arnaboldi & Peter Claeys, 2008. "Internet Banking in Europe: a comparative analysis," IREA Working Papers 200811, University of Barcelona, Research Institute of Applied Economics, revised Sep 2008.
    11. Shaohua Yang & Zeyun Li & Yaxin Ma & Xingxing Chen, 2018. "Does Electronic Banking Really Improve Bank Performance? Evidence in China," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(2), pages 82-94, February.
    12. Uchenna Aduaka & Olawumi Dele Awolusi, 2020. "Electronic Banking and Profitability in the Nigerian Banking Industry," Information Management and Business Review, AMH International, vol. 12(2), pages 20-37.
    13. Maik Dehnert, 2020. "Sustaining the current or pursuing the new: incumbent digital transformation strategies in the financial service industry," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1071-1113, November.
    14. TOMULEASA, Ioana-Iuliana & COCRIŞ, Vasile, 2014. "Measuring The Financial Performance Of The European Systemically Important Banks," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 18(4), pages 31-51.
    15. JM. Sahut, 2014. "e-Business Models for Financial Services and Internet Banks," Working Papers 2014-217, Department of Research, Ipag Business School.
    16. Md. Imran Hossain, 2021. "Effects of E-Banking Adoption on the Financial Performance of State-Owned Commercial Banks in Bangladesh," Information Resources Management Journal (IRMJ), IGI Global, vol. 34(4), pages 93-112, October.
    17. Elisabeta Pana & Sascha Vitzthum & David Willis, 2015. "The impact of internet-based services on credit unions: a propensity score matching approach," Review of Quantitative Finance and Accounting, Springer, vol. 44(2), pages 329-352, February.
    18. Stoyu I. Ivanov, 2014. "Performance Analysis Of Banks Headquartered In Hollywood Versus Silicon Valley," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(2), pages 33-43.
    19. Efstathios Dimitriadis & Αthanasios Mandilas & Dimitrios Maditinos, 2013. "Evaluation of E-Banking Dimensions by Greek Customers," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 15-32.
    20. W. Scott Frame & Larry Wall & Lawrence J. White, 2018. "Technological Change and Financial Innovation in Banking: Some Implications for FinTech," Working Papers 18-28, New York University, Leonard N. Stern School of Business, Department of Economics.
    21. Cemil ÇİFTÇİ & Dilek DURUSU-ÇİFTÇİ, 2019. "Determinants of Bank Profitability after Transition to the Strong Economy Program in Turkey," Sosyoekonomi Journal, Sosyoekonomi Society.
    22. Gardó, Sándor & Klaus, Benjamin, 2020. "Overcapacities in banking: Measurement, trends and determinants," Economic Modelling, Elsevier, vol. 91(C), pages 819-834.
    23. Jian-Hang Wang & Yu-Hsien Wu & Phil Yihsing Yang & Hsiang-Yi Hsu, 2023. "Sustainable Innovation and Firm Performance Driven by FinTech Policies: Moderating Effect of Capital Adequacy Ratio," Sustainability, MDPI, vol. 15(11), pages 1-15, May.
    24. Mi Zhou & Dan Geng & Vibhanshu Abhishek & Beibei Li, 2020. "When the Bank Comes to You: Branch Network and Customer Omnichannel Banking Behavior," Information Systems Research, INFORMS, vol. 31(1), pages 176-197, March.
    25. He, Dongwei & Ho, Chun-Yu & Xu, Li, 2020. "Risk and return of online channel adoption in the banking industry," Pacific-Basin Finance Journal, Elsevier, vol. 60(C).
    26. Marc Cowling & Susan Marlow & Weixi Liu, 2020. "Gender and bank lending after the global financial crisis: are women entrepreneurs safer bets?," Small Business Economics, Springer, vol. 55(4), pages 853-880, December.
    27. Valipour Pasha , Mohammad & Bastanzad , Hossein, 2017. "E-Banking Impact on the Profit Margin of Banks in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(2), pages 193-211, April.
    28. Portela, Maria C.A.S. & Thanassoulis, Emmanuel, 2010. "Malmquist-type indices in the presence of negative data: An application to bank branches," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1472-1483, July.
    29. Francesco Fasano & Tiziana Rocca, 2024. "Does the bank-firm human relationship still matter for SMEs? The game-changing role of digitalization," Small Business Economics, Springer, vol. 62(1), pages 159-178, January.
    30. Elisa Di Febo & Eliana Angelini, 2022. "Internet banking, age, gender, and performance: Which connections in Italy?," Bank i Kredyt, Narodowy Bank Polski, vol. 53(3), pages 295-324.
    31. Alhaji Abubakar Aliyu & Rosmaini Bin HJ Tasmin, 2012. "The Impact of Information and Communication Technology on Banks‟ Performance and Customer Service Delivery in the Banking Industry," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(1), pages 1-80.
    32. Alexandra Horobet & Magdalena Radulescu & Lucian Belascu & Sandra Maria Dita, 2021. "Determinants of Bank Profitability in CEE Countries: Evidence from GMM Panel Data Estimates," JRFM, MDPI, vol. 14(7), pages 1-23, July.
    33. Sanderson Abel & Pierre Le Roux, 2016. "Determinants of Banking Sector Profitability in Zimbabwe," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 845-854.
    34. Ceylan Onay & Emre Ozsoz, 2013. "The Impact of Internet-Banking on Brick and Mortar Branches: The Case of Turkey," Journal of Financial Services Research, Springer;Western Finance Association, vol. 44(2), pages 187-204, October.
    35. Lavinia Mihaela Gutu, 2014. "The impact of Internet technology on the Romanian banks performance," Proceedings of International Academic Conferences 0702397, International Institute of Social and Economic Sciences.
    36. Krishnan Dandapani & Edward R. Lawrence & Jodonnis Rodriguez, 2018. "Determinants of Transactional Internet Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 54(2), pages 243-267, October.
    37. Rocco Ciciretti & Iftekhar Hasan & Cristiano Zazzara, 2009. "Do Internet Activities Add Value? Evidence from the Traditional Banks," Journal of Financial Services Research, Springer;Western Finance Association, vol. 35(1), pages 81-98, February.
    38. R.M. Mahboub, 2018. "The Impact of Information and Communication Technology Investments on the Performance of Lebanese Banks," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 435-458.
    39. Md. Nur Alam Siddik & Gang Sun & Sajal Kabiraj & Joghee Shanmugan & Cui Yanjuan, 2016. "Impacts of e-banking on performance of banks in a developing economy: empirical evidence from Bangladesh," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(6), pages 1066-1080, November.
    40. Davide Arnaudo & Silvia Del Prete & Cristina Demma & Marco Manile & Andrea Orame & Marcello Pagnini & Carlotta Rossi & Paola Rossi & Giovanni Soggia, 2022. "The Digital Trasformation in the Italian Banking Sector," Questioni di Economia e Finanza (Occasional Papers) 682, Bank of Italy, Economic Research and International Relations Area.
    41. Iwa Kuchciak & Justyna Wiktorowicz, 2021. "Empowering Financial Education by Banks—Social Media as a Modern Channel," JRFM, MDPI, vol. 14(3), pages 1-22, March.

  14. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2005. "Price setting behaviour in Spain: evidence from micro PPI data," Working Papers 0527, Banco de España.

    Cited by:

    1. Patrick Lünnemann & Ladislav Wintr, 2006. "Are internet prices sticky?," BCL working papers 22, Central Bank of Luxembourg.
    2. Martins, Fernando, 2005. "The price setting behaviour of Portuguese firms: evidence from survey data," Working Paper Series 562, European Central Bank.
    3. Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
    4. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    5. Gautier, Erwan & Conflitti, Cristina & Faber, Riemer P. & Fabo, Brian & Fadejeva, Ludmila & Jouvanceau, Valentin & Menz, Jan-Oliver & Messner, Teresa & Petroulas, Pavlos & Roldan-Blanco, Pau & Rumler,, 2022. "New facts on consumer price rigidity in the euro area," Discussion Papers 32/2022, Deutsche Bundesbank.
    6. D. Cornille & M. Dossche, 2006. "The Patterns and Determinants of Price Setting in the Belgian Industry," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/386, Ghent University, Faculty of Economics and Business Administration.
    7. Hernández de Cos, Pablo & de Castro Fernández, Francisco, 2006. "The economic effects of exogenous fiscal shocks in Spain: a SVAR approach," Working Paper Series 647, European Central Bank.
    8. Hartwell, Christopher A., 2018. "The “Hierarchy of Institutions” reconsidered: Monetary policy and its effect on the rule of law in interwar Poland," Explorations in Economic History, Elsevier, vol. 68(C), pages 37-70.
    9. The Anh Pham & Hoang Huy Nguyen & Hung Duc Nguyen, 2019. "Price adjustment lags and their asymmetries in Vietnam," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 17(3), pages 342-359.
    10. Creamer, Kenneth & Rankin, Neil A., 2008. "Price setting in South Africa 2001-2007 - stylised facts using consumer price micro data," MPRA Paper 16905, University Library of Munich, Germany.
    11. Solórzano Diego & Dixon Huw, 2020. "The Relationship Between Nominal Wage and Price Flexibility: New Evidence," Working Papers 2020-20, Banco de México.
    12. Gaspar, Vitor & Levin, Andrew & Smets, Frank & Martins, Fernando Manuel, 2007. "Evidence from Surveys of Price-Setting Managers: Policy Lessons and Directions for Ongoing Research," CEPR Discussion Papers 6227, C.E.P.R. Discussion Papers.
    13. K. C. Fung & Alicia García-Herrero & Hitomi Iizaka & Alan Siu, 2006. "Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment in China," Working Papers 0616, Banco de España.
    14. Gaston-Breton, Charlotte, 2011. "Promotional benefits of 99-ending prices: the moderating role of intuitive and analytical decision style," DEE - Working Papers. Business Economics. WB wb113809, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    15. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
    16. Ekaterina V. Peneva, 2009. "Factor intensity and price rigidity: evidence and theory," Finance and Economics Discussion Series 2009-07, Board of Governors of the Federal Reserve System (U.S.).
    17. Álvarez, Luis J. & Burriel, Pablo & Hernando, Ignacio, 2005. "Do decreasing hazard functions for price changes make any sense?," Working Paper Series 461, European Central Bank.
    18. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    19. Silvia Fabiani & Angela Gattulli & Roberto Sabbatini & Giovanni Veronese, 2006. "Consumer Price Setting in Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 65(1), pages 31-74, May.
    20. Aurelijus Dabušinskas & Martti Randveer, 2006. "Comparison of pricing behaviour of firms in the euro area and Estonia," Bank of Estonia Working Papers 2006-08, Bank of Estonia, revised 10 Dec 2006.
    21. Carl R. Gwin & David D. Van Hoose, 2008. "Disaggregate Evidence On Price Stickiness And Implications For Macro Models," Economic Inquiry, Western Economic Association International, vol. 46(4), pages 561-575, October.
    22. Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018. "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series 7138, CESifo.
    23. Anna Watson, 2010. "The Impact of Trade Integration and Competition on Real and Nominal Price Rigidities: Insights from a New-Keynesian DSGE Model," DEGIT Conference Papers c015_061, DEGIT, Dynamics, Economic Growth, and International Trade.
    24. Claudia Kwapil & Fabio Rumler, 2005. "Price Setting in Austria — Results from the Eurosystem Inflation Persistence Network," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4.
    25. Alejandro C. García-Cintado & Diego Romero-Ávila & Carlos Usabiaga, 2016. "The economic integration of Spain: a change in the inflation pattern," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 25(1), pages 1-41, December.
    26. GONZà LEZ, BEATRIZ & Nuño, Galo & Thaler, Dominik & Albrizio, Silvia, 2023. "Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy," CEPR Discussion Papers 18695, C.E.P.R. Discussion Papers.
    27. Aitor Lacuesta, 2006. "Emigration and human capital: who leaves, who comes back and what difference does it make?," Working Papers 0620, Banco de España.
    28. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    29. Glandon, P.J. & Jaremski, Matthew, 2019. "Competition, business cycles, and price flexibility in grocery stores," Economics Letters, Elsevier, vol. 181(C), pages 137-139.
    30. Franz Ruch & Neil Rankin & Stan du Plessis, 2016. "Decomposing inflation using micropricelevel data South Africas pricing dynamics," Working Papers 7353, South African Reserve Bank.
    31. López-Salido, J David & Arce, Oscar, 2006. "House Prices, Rents and Interest Rates Under Collateral Constraints," CEPR Discussion Papers 5689, C.E.P.R. Discussion Papers.
    32. Izquierdo, Mario & Lacuesta, Aitor, 2007. "Wage inequality in Spain: recent developments," Working Paper Series 781, European Central Bank.
    33. Fernando Martins & Luis J. Álvarez, 2006. "Sticky Prices in The Euro Area: a Summary of New Micro Evidence," Working Papers w200605, Banco de Portugal, Economics and Research Department.
    34. Heiner Mikosch, 2012. "Sticky Prices, Competition and the Phillips Curve," KOF Working papers 12-294, KOF Swiss Economic Institute, ETH Zurich.
    35. Ricardo Gimeno & Juan M. Nave, 2006. "Genetic algorithm estimation of interest rate term structure," Working Papers 0634, Banco de España.
    36. Sergio Puente, 2006. "Dynamic stability in repeated games," Working Papers 0618, Banco de España.
    37. Julio Blanco & Isaac Baley, 2013. "Learning to Price," 2013 Meeting Papers 663, Society for Economic Dynamics.
    38. Paloma López-García & Sergio Puente, 2006. "Business demography in Spain: determinants of firm survival," Working Papers 0608, Banco de España.
    39. Gautier, E., 2008. "Les ajustements microéconomiques des prix : une synthèse des modèles théoriques et résultats empiriques," Working papers 211, Banque de France.
    40. Patrick Lünnemann & Ladislav Wintr, 2011. "Price Stickiness in the US and Europe Revisited: Evidence from Internet Prices," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(5), pages 593-621, October.
    41. Watson, Anna, 2016. "Trade openness and inflation: The role of real and nominal price rigidities," Journal of International Money and Finance, Elsevier, vol. 64(C), pages 137-169.
    42. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Pe," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    43. Peneva, Ekaterina, 2011. "Some evidence on factor intensity and price rigidity," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1652-1658, October.
    44. Luis J. Álvarez & Ignacio Hernando, 2006. "Competition and price adjustment in the euro area," Working Papers 0629, Banco de España.
    45. Gwin, Carl R. & VanHoose, David D., 2008. "Alternative measures of marginal cost and inflation in estimations of new Keynesian inflation dynamics," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 928-940, September.
    46. Diego Romero-Ávila & Carlos Usabiaga, 2012. "Disaggregate evidence on Spanish inflation persistence," Applied Economics, Taylor & Francis Journals, vol. 44(23), pages 3029-3046, August.
    47. Torres Torres, Diego José, 2009. "The Dual Stickiness Model and Inflation Dynamics in Spain," MPRA Paper 18031, University Library of Munich, Germany.

  15. José Manuel Campa & Ignacio Hernando, 2005. "M&As performance in the European financial industry," Working Papers 0516, Banco de España.

    Cited by:

    1. Alberto Franco Pozzolo, 2009. "Bank Cross-Border Mergers and Acquisitions: Causes, Consequences, and Recent Trends," Springer Books, in: Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), The Changing Geography of Banking and Finance, edition 1, chapter 0, pages 155-183, Springer.
    2. Emanuele BACCHIOCCHI & Matteo FERRARI & Massimo FLORIO & Daniela VANDONE, 2015. "State-Owned Banks: Acquirers in M&A deals," CIRIEC Working Papers 1508, CIRIEC - Université de Liège.
    3. Subhash C. Ray & Shilpa Sethia, 2019. "Nonparametric Measurement of Potential Gains from Mergers: An Additive Decomposition and Application to Indian Bank Mergers," Working papers 2019-17, University of Connecticut, Department of Economics.
    4. Jens Hagendorff & Maria J. Nieto & Larry D. Wall, 2012. "The safety and soundness effects of bank M&A in the EU," FRB Atlanta Working Paper 2012-13, Federal Reserve Bank of Atlanta.
    5. Chung-Hua Shen & Yehning Chen & Hsing-Hua Hsu & Chih-Yung Lin, 2020. "Banking Crises and Market Timing: Evidence from M&As in the Banking Sector," Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(3), pages 315-347, June.
    6. Anastasios KARAMANOS & George BAKATSELOS & Roena AGOLLI, 2015. "Abnormal Stock Market Returns to Announcements of M&A Banking Deals in Greece 1996-2013," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 3(2), pages 317-338, June.
    7. Gulamhussen, M. A. & Piheiro, Carlos & Pozzolo, Alberto Franco, 2011. "Do multinational banks create or destroy economic value?," Economics & Statistics Discussion Papers esdp11057, University of Molise, Department of Economics.
    8. Campa, Jose M. & Hernando, Ignacio, 2007. "The reaction by industry insiders to M&As in the European financial industry," IESE Research Papers D/689, IESE Business School.
    9. Coccorese, Paolo & Ferri, Giovanni, 2020. "Are mergers among cooperative banks worth a dime? Evidence on efficiency effects of M&As in Italy," Economic Modelling, Elsevier, vol. 84(C), pages 147-164.
    10. Bernad, Cristina & Fuentelsaz, Lucio & Gómez, Jaime, 2010. "The effect of mergers and acquisitions on productivity: An empirical application to Spanish banking," Omega, Elsevier, vol. 38(5), pages 283-293, October.
    11. Horst Gischer & Toni Richter, 2014. "Produktivitätsmessung von Banken: die Cost Income Ratio – ein belastbares Performancemaß?," FEMM Working Papers 140008, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    12. Fabrice Roth, 2012. "Crise et régulation des marchés financiers : Quel impact sur les formes mutuelles dans l'assurance ?," Working Papers halshs-00692342, HAL.
    13. Jens Hagendorff & Ignacio Hernando & Maria J. Nieto & Larry D. Wall, 2010. "What do premiums paid for bank M&As reflect? the case of the European Union," FRB Atlanta Working Paper 2010-05, Federal Reserve Bank of Atlanta.
    14. Jens Hagendorff & Kevin Keasey, 2009. "Post‐merger strategy and performance: evidence from the US and European banking industries," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(4), pages 725-751, December.
    15. Daniel Valentinov Dimitrov, 2024. "Capital adequacy and return ratios of banks in Bulgaria in mergers and acquisitions transactions," Finance, Accounting and Business Analysis, University of National and World Economy, Institute for Economics and Politics, vol. 6(2), pages 136-144, December.
    16. Abdourahmane Diaw, 2014. "The effect of mergers and acquisitions on shareholder wealth: the case of European banks," Working Papers hal-01184665, HAL.
    17. Tahiri, Noor Rahman, 2018. "Study on financial performance of da Afghanistan Bank 2015 and 2016," MPRA Paper 88477, University Library of Munich, Germany, revised 15 Aug 2018.
    18. Pérez Montes, Carlos, 2014. "The effect on competition of banking sector consolidation following the financial crisis of 2008," Journal of Banking & Finance, Elsevier, vol. 43(C), pages 124-136.
    19. Fadzlan Sufian & Fakarudin Kamarudin, 2017. "Forced Mergers on Bank Efficiency and Productivity: Evidence from Semi-parametric Malmquist Productivity Index," Global Business Review, International Management Institute, vol. 18(1), pages 19-44, February.
    20. Ignacio Hernando & María J. Nieto & Larry Wall, 2008. "Determinants of domestic and cross-border bank acquisitions in the European Union," Working Papers 0823, Banco de España.
    21. Leledakis, George N. & Pyrgiotakis, Emmanouil G., 2022. "U.S. bank M&As in the post-Dodd–Frank Act era: Do they create value?," Journal of Banking & Finance, Elsevier, vol. 135(C).
    22. Stafano Caiazza & Andrew Clare & Alberto Franco Pozzolo, 2010. "What do foreigners want? Evidence from;targets in bank cross-border M&As," Mo.Fi.R. Working Papers 45, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    23. Pasiouras, Fotios & Tanna, Sailesh, 2010. "The prediction of bank acquisition targets with discriminant and logit analyses: Methodological issues and empirical evidence," Research in International Business and Finance, Elsevier, vol. 24(1), pages 39-61, January.
    24. Jens Hagendorff & Maria J. Nieto, 2015. "The Safety and Soundness Effects of Bank M&A in the EU: Does Prudential Regulation Have any Impact?," European Financial Management, European Financial Management Association, vol. 21(3), pages 462-490, June.
    25. Stefano Caiazza & Alberto Franco Pozzolo & Giovanni Trovato, 2014. "Do domestic and cross-border M&As differ? Cross-country evidence from the banking sector," Applied Financial Economics, Taylor & Francis Journals, vol. 24(14), pages 967-981, July.
    26. John K. Ashton, 2012. "Do Depositors Benefit from Bank Mergers? An Examination of the UK Deposit Market," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 19(1), pages 1-23, February.
    27. Malak Reda, 2013. "The Effect of Mergers and Acquisitions on Bank Efficiency: Evidence from Bank Consolidation in Egypt," Working Papers 770, Economic Research Forum, revised Sep 2013.
    28. Ana Lozano-Vivas & Subal Kumbhakar & Meryem Fethi & Mohamed Shaban, 2011. "Consolidation in the European banking industry: how effective is it?," Journal of Productivity Analysis, Springer, vol. 36(3), pages 247-261, December.
    29. Robert DeYoung & Douglas Evanoff & Philip Molyneux, 2009. "Mergers and Acquisitions of Financial Institutions: A Review of the Post-2000 Literature," Journal of Financial Services Research, Springer;Western Finance Association, vol. 36(2), pages 87-110, December.
    30. Matias Huhtilainen & Jani Saastamoinen & Niko Suhonen, 2022. "Determinants of mergers and acquisitions among Finnish cooperative and savings banks," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(3), pages 339-349, September.
    31. Chuang, Kai-Shi, 2014. "Financial advisors, financial crisis, and shareholder wealth in bank mergers," Global Finance Journal, Elsevier, vol. 25(3), pages 229-245.
    32. Ricardo Correa, 2009. "Cross-Border Bank Acquisitions: Is there a Performance Effect?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 36(2), pages 169-197, December.
    33. Emilios Galariotis & Kyriaki Kosmidou & Dimitrios Kousenidis & Eirini Lazaridou & Trifon Papapanagiotou, 2021. "Measuring the effects of M&As on Eurozone bank efficiency: an innovative approach on concentration and credibility impacts," Annals of Operations Research, Springer, vol. 306(1), pages 343-368, November.
    34. Asimakopoulos, Ioannis & Athanasoglou, Panayiotis P., 2013. "Revisiting the merger and acquisition performance of European banks," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 237-249.
    35. Paolo Coccorese & Giovanni Ferri & Fabiola Spiniello, 2017. "Are mergers among cooperative banks worth a dime? Evidence on post-M&A efficiency in Italy," CERBE Working Papers wpC18, CERBE Center for Relationship Banking and Economics.
    36. Hagendorff, Jens & Collins, Michael & Keasey, Kevin, 2008. "Investor protection and the value effects of bank merger announcements in Europe and the US," Journal of Banking & Finance, Elsevier, vol. 32(7), pages 1333-1348, July.
    37. Cappa, Francesco & Collevecchio, Francesca & Oriani, Raffaele & Peruffo, Enzo, 2022. "Banks responding to the digital surge through Open Innovation: Stock market performance effects of M&As with fintech firms," Journal of Economics and Business, Elsevier, vol. 121(C).
    38. Leledakis, George N. & Pyrgiotakis, Emmanouil G., 2019. "Market concentration and bank M&As: Evidence from the European sovereign debt crisis," MPRA Paper 95739, University Library of Munich, Germany.
    39. Taher Hamza, 2011. "Determinants of short-term value creation for the bidder: evidence from France," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(2), pages 157-186, May.
    40. John Goddard & Donal McKillop & John Wilson, 2009. "Which Credit Unions are Acquired?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 36(2), pages 231-252, December.
    41. Tampakoudis, Ioannis & Nerantzidis, Michail & Eweje, Gabriel & Leventis, Stergios, 2022. "The impact of gender diversity on shareholder wealth: Evidence from European bank M&A," Journal of Financial Stability, Elsevier, vol. 60(C).
    42. Vallascas, Francesco & Hagendorff, Jens, 2011. "The impact of European bank mergers on bidder default risk," Journal of Banking & Finance, Elsevier, vol. 35(4), pages 902-915, April.
    43. Mittal, Amit & Garg, Ajay Kumar, 2017. "Why do acquirers prefer M&A? Evidence from Banks in India," MPRA Paper 85354, University Library of Munich, Germany.
    44. Yılmaz, Işıl Sevilay & Tanyeri, Başak, 2016. "Global Merger and Acquisition (M&A) activity: 1992–2011," Finance Research Letters, Elsevier, vol. 17(C), pages 110-117.
    45. Horst Gischer & Toni Richter, 2011. "'Global Player' im Bankenwesen - ökonomisch sinnvoll oder problembehaftet?," FEMM Working Papers 110012, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    46. Taher Hamza, 2009. "La performance à court et à long terme de l'acquéreur:l'impact de la détention d'une position de contrôle," Revue Finance Contrôle Stratégie, revues.org, vol. 12(1), pages 33-65, March.
    47. Mamun, Abdullah & Tannous, George & Zhang, Sicong, 2021. "Do regulatory bank mergers improve operating performance?," International Review of Economics & Finance, Elsevier, vol. 73(C), pages 152-174.
    48. Goddard, John & Molyneux, Philip & Wilson, John O.S. & Tavakoli, Manouche, 2007. "European banking: An overview," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 1911-1935, July.
    49. Joaquín Maudos & Xavier Vives, 2019. "Competition Policy in Banking in the European Union," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 55(1), pages 27-46, August.
    50. Awdeh, Ali & EL-Moussawi, Chawki, 2011. "Analysing the Motives and the Outcomes of Bank Mergers," MPRA Paper 119120, University Library of Munich, Germany.
    51. Jensen-Vinstrup, Mathias & Rigamonti, Damiana & Wulff, Jesper, 2018. "European cross-border acquisitions: Long-run stock returns and firm characteristics," Journal of Multinational Financial Management, Elsevier, vol. 47, pages 31-45.
    52. Enrique Benito, 2008. "Size, growth and bank dynamics," Working Papers 0801, Banco de España.
    53. Neha Kalra & Shaveta Gupta & Rajesh Bagga, 2013. "A Wave of Mergers and Acquisitions: Are Indian Banks Going Up a Blind Alley?," Global Business Review, International Management Institute, vol. 14(2), pages 263-282, June.
    54. Caiazza, Stefano & Clare, Andrew & Pozzolo, Alberto Franco, 2012. "What do bank acquirers want? Evidence from worldwide bank M&A targets," Journal of Banking & Finance, Elsevier, vol. 36(9), pages 2641-2659.
    55. Dutta, Shantanu & Saadi, Samir & Zhu, PengCheng, 2013. "Does payment method matter in cross-border acquisitions?," International Review of Economics & Finance, Elsevier, vol. 25(C), pages 91-107.
    56. Lublóy, Ágnes & Tóth, Eszter, 2010. "A közép-kelet-európai bankfúziók eredményessége [The success of the bank mergers in Central Eastern Europe]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 37-58.
    57. George Kyriazopoulos & Evangelos Drymbetas, 2015. "Long-term Performance of Acquirers Involved in Domestic Bank Ms&As in Europe," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 6(1), pages 56-67, January.

  16. Silvia Fabiani & Martine Druant & Ignacio Hernando & Claudia Kwapil & Bettina Landau & Claire Loupias & Fernando Martins & Thomas Mathä & Roberto Sabbatini & Harald Stahl & Ad Stokman, 2005. "The pricing behaviour of firms in the Euro area: new survey evidence," Working Papers 0536, Banco de España.

    Cited by:

    1. Stokman, Ad C.J. & Hoeberichts, Marco M., 2006. "Price setting behaviour in the Netherlands: results of a survey," Working Paper Series 607, European Central Bank.
    2. Etienne Gagnon & David López-Salido & Nicolas Vincent, 2012. "Individual Price Adjustment along the Extensive Margin," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 235-281, National Bureau of Economic Research, Inc.
    3. Sarah Arndt & Zeno Enders, 2023. "The Transmission of Supply Shocks in Different Inflation Regimes," CESifo Working Paper Series 10839, CESifo.
    4. Marcelle, Chauvet & Insu, Kim, 2019. "Incomplete Price Adjustment and Inflation Persistence," MPRA Paper 97497, University Library of Munich, Germany, revised 04 Dec 2019.
    5. Patrick Lünnemann & Ladislav Wintr, 2006. "Are internet prices sticky?," BCL working papers 22, Central Bank of Luxembourg.
    6. Carstensen, Kai & Schenkelberg, Heike, 2011. "Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data," Discussion Papers in Economics 12170, University of Munich, Department of Economics.
    7. Levy, Daniel & Lee, Dongwon & Chen, Haipeng (Allan) & Kauffman, Robert & Bergen, Mark, 2007. "Price Points and Price Rigidity," MPRA Paper 1472, University Library of Munich, Germany.
    8. Hernando, Ignacio & Álvarez, Luis J., 2005. "The price setting behaviour of Spanish firms: evidence from survey data," Working Paper Series 538, European Central Bank.
    9. Fernando Martins, 2010. "Price stickiness in Portugal evidence from survey data," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 123-134.
    10. Gabriel Jiménez & Vicente Salas-Fumás & Jesús Saurina, 2006. "Credit market competition, collateral and firms' finance," Working Papers 0612, Banco de España.
    11. Ian Babetskii & Fabrizio Coricelli & Roman Horvath, 2009. "Assessing Inflation Persistence: Micro Evidence on an Inflation Targeting Economy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00643340, HAL.
    12. Bunn, Philip & Ellis, Colin, 2011. "How do individual UK consumer prices behave?," Bank of England working papers 438, Bank of England.
    13. Dieppe, Alistair & González Pandiella, Alberto & Willman, Alpo, 2012. "The ECB's New Multi-Country Model for the euro area: NMCM — Simulated with rational expectations," Economic Modelling, Elsevier, vol. 29(6), pages 2597-2614.
    14. Bertola, Giuseppe & Dabušinskas, Aurelijus & Hoeberichts, Marco & Izquierdo, Mario & Kwapil, Claudia, 2010. "Price, wage and employment response to shocks: evidence from the WDN survey," Discussion Paper Series 1: Economic Studies 2010,02, Deutsche Bundesbank.
    15. Mauro Napoletano & Giovanni Dosi & Giorgio Fagiolo & Andrea Roventini, 2012. "Wage formation investment behavior and growth regimes: an agent-based analysis," SciencePo Working papers Main hal-01024669, HAL.
    16. Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
    17. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    18. Giovanni Dosi & Giorgio Fagiolo & Mauro Napoletano & Andrea Roventini, 2012. "Economic Policies with Endogenous Innovation and Keynesian Demand Management," Post-Print hal-01410703, HAL.
    19. Pau Rabanal, 2009. "Inflation Differentials between Spain and the EMU: A DSGE Perspective," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1141-1166, September.
    20. Nakamura, Emi & Steinsson, Jón, 2011. "Price setting in forward-looking customer markets," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 220-233.
    21. Forni, L. & Gerali, A. & Pisani, M., 2010. "Macroeconomic Effects Of Greater Competition In The Service Sector: The Case Of Italy," Macroeconomic Dynamics, Cambridge University Press, vol. 14(5), pages 677-708, November.
    22. Stahl, Harald, 2005. "Price setting in German manufacturing: new evidence from new survey data," Working Paper Series 561, European Central Bank.
    23. Daniel A. Dias & Carlos Robalo Marques & Christine Richmond, 2018. "A Tale of Two Sectors : Why is Misallocation Higher in Services than in Manufacturing?," International Finance Discussion Papers 1229, Board of Governors of the Federal Reserve System (U.S.).
    24. Philip Bunn & Colin Ellis, 2012. "How do Individual UK Producer Prices Behave?," Economic Journal, Royal Economic Society, vol. 122(558), pages 16-34, February.
    25. Turrini, Alessandro & Mourre, Gilles & Biroli, Pietro, 2010. "Adjustment in the Euro Area and Regulation of Product and Labour Markets: An Empirical Assessment," CEPR Discussion Papers 8010, C.E.P.R. Discussion Papers.
    26. Hernández de Cos, Pablo & de Castro Fernández, Francisco, 2006. "The economic effects of exogenous fiscal shocks in Spain: a SVAR approach," Working Paper Series 647, European Central Bank.
    27. Kleshchelski, Isaac & Vincent, Nicolas, 2009. "Market share and price rigidity," Journal of Monetary Economics, Elsevier, vol. 56(3), pages 344-352, April.
    28. Gabriele Galati & William R. Melick, 2006. "The evolving inflation process: an overview," BIS Working Papers 196, Bank for International Settlements.
    29. Silvia Fabiani & Martine Druant & Ignacio Hernando & Claudia Kwapil & Bettina Landau & Claire Loupias & Fernando Martins & Thomas Mathä & Roberto Sabbatini & Harald Stahl & Ad Stokman, 2006. "What Firms' Surveys Tell Us about Price-Setting Behavior in the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 2(3), September.
    30. Rita Duarte, 2009. "Wage and Price Dynamics in the United States and the Euro Area," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    31. Henk Kox & George Leeuwen & Henry Wiel, 2007. "Market Structure, Productivity and Scale in European Business Services," Palgrave Macmillan Books, in: Luis Rubalcaba & Henk Kox (ed.), Business Services in European Economic Growth, chapter 11, pages 195-212, Palgrave Macmillan.
    32. Mikael Apel & Carl Andreas Claussen & Petra Gerlach-Kristen & Petra Lennartsdotter & Øistein Røisland, 2013. "Monetary policy decisions – comparing theory and “inside” information from MPC members," Working Paper 2013/03, Norges Bank.
    33. Lünnemann, Patrick & Mathä, Thomas Y., 2005. "Regulated and services' prices and inflation persistence," Working Paper Series 466, European Central Bank.
    34. David M. Arseneau & Ryan Chahrour & Sanjay K. Chugh & Alan Finkelstein Shapiro, 2013. "Optimal Fiscal and Monetary Policy in Customer Markets," Boston College Working Papers in Economics 842, Boston College Department of Economics.
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    176. Tommaso Ciarli, 2012. "Structural interactions and long run growth: An application of Experimental Design to Agent Based Models," Papers on Economics and Evolution 2012-06, Philipps University Marburg, Department of Geography.
    177. Sarah M. Rupprecht, 2007. "When Do Firms Adjust Prices? Evidence from Micro Panel Data," KOF Working papers 07-160, KOF Swiss Economic Institute, ETH Zurich.
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    179. Rafal Raciborski, 2008. "Searching for additional sources of inflation persistence : the micro-price panel data approach," Working Paper Research 132, National Bank of Belgium.
    180. Ahrens, Steffen & Hartmann, Matthias, 2014. "State-dependence vs. timedependence: An empirical multi-country investigation of price sluggishness," Kiel Working Papers 1907, Kiel Institute for the World Economy (IfW Kiel).
    181. Ricardo Gimeno & Juan M. Nave, 2006. "Genetic algorithm estimation of interest rate term structure," Working Papers 0634, Banco de España.
    182. Laura Inés D'Amato & Enrique López Enciso & María Teresa Ramírez Giraldo (ed.), 2013. "Inflationary Dynamics, Persistence, and Prices and Wages Formation," Investigación Conjunta-Joint Research, Centro de Estudios Monetarios Latinoamericanos, CEMLA, edition 1, volume 1, number 2en, December.
    183. Slanicay Martin, 2014. "Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models," Review of Economic Perspectives, Sciendo, vol. 14(2), pages 145-164, June.
    184. Mark Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Post-Print hal-02417497, HAL.
    185. Marie Diron & Benoit Mojon, 2008. "Are inflation targets good inflation forecasts?," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 32(Q II), pages 33-45.
    186. Pitschner, Stefan, 2020. "How do firms set prices? Narrative evidence from corporate filings," European Economic Review, Elsevier, vol. 124(C).
    187. M. Druant, 2005. "Pricing behaviour in the euro area : results of a Eurosystem survey," Economic Review, National Bank of Belgium, issue iii, pages 79-86, September.
    188. Jordi Galí, 2008. "Introduction to Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework," Introductory Chapters, in: Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.
    189. Jennifer V. Greenslade & Miles Parker, 2012. "New Insights into Price‐Setting Behaviour in the UK: Introduction and Survey Results," Economic Journal, Royal Economic Society, vol. 122(558), pages 1-15, February.
    190. SungJu Song & Myung‐Soo Yie & Chang‐Gui Park, 2020. "Price‐Setting Behavior of Korean Firms†," Asian Economic Journal, East Asian Economic Association, vol. 34(1), pages 97-120, March.
    191. Sergio Puente, 2006. "Dynamic stability in repeated games," Working Papers 0618, Banco de España.
    192. Marc Hofstetter, 2008. "Sticky Prices and Moderate Inflation," Documentos CEDE 5856, Universidad de los Andes, Facultad de Economía, CEDE.
    193. Paloma López-García & Sergio Puente, 2006. "Business demography in Spain: determinants of firm survival," Working Papers 0608, Banco de España.
    194. Semmler, Willi & Gross, Marco, 2017. "Mind the output gap: the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area," Working Paper Series 2004, European Central Bank.
    195. Andrea Teglio & Andrea Mazzocchetti & Linda Ponta & Marco Raberto & Silvano Cincotti, 2015. "Budgetary rigour with stimulus in lean times: Policy advices from an agent-based model," Working Papers 2015/07, Economics Department, Universitat Jaume I, Castellón (Spain).
    196. Sergej Gricar & Štefan Bojnec, 2012. "Adoption of the Euro and Catering Industry Prices: The Case of Slovenia," Academica Turistica - Tourism and Innovation Journal, University of Primorska Press, vol. 5(1), pages 21-30.
    197. Erwan Gautier & Ronan Le Saout, 2015. "L'ajustement microéconomique des prix des carburants en France," Working Papers hal-01195759, HAL.
    198. Paul Gaggl, 2009. "The Role of Exchange Rate Movements for Prices in the Euro Area," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 83-103.
    199. Joakim Gullstrand & Karin Olofsdotter & Susanna Thede, 2014. "Markups and export-pricing strategies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(2), pages 221-239, May.
    200. Patrick Lünnemann & Ladislav Wintr, 2011. "Price Stickiness in the US and Europe Revisited: Evidence from Internet Prices," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(5), pages 593-621, October.
    201. B. Verhelst & D. Van Den Poel, 2012. "Implicit Contracts and Price Stickiness: Evidence from Customer-Level Scanner Data," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/776, Ghent University, Faculty of Economics and Business Administration.
    202. Mirko Abbritti, 2012. "Product Market Frictions, Bargaining and Pass-Through," Faculty Working Papers 19/12, School of Economics and Business Administration, University of Navarra.
    203. Fabienne Ilzkovitz & Adriaan Dierx & Viktoria Kovacs & Nuno Sousa, 2007. "Steps towards a deeper economic integration: the internal market in the 21st century," European Economy - Economic Papers 2008 - 2015 271, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    204. Raberto, Marco & Teglio, Andrea & Cincotti, Silvano, 2011. "Debt deleveraging and business cycles: An agent-based perspective," Economics Discussion Papers 2011-31, Kiel Institute for the World Economy (IfW Kiel).
    205. Mirko Abbritti & Tommaso Trani, 2014. "Search and Bargaining in the Product Market and Price Rigidities," Faculty Working Papers 09/14, School of Economics and Business Administration, University of Navarra.
    206. Domenico Delli Gatti & Roberta Terranova & Enrico Maria Turco, 2023. "Mind the Knowledge Gap! The Origins of Declining Business Dynamism in a Macro Agent-Based Model," CESifo Working Paper Series 10694, CESifo.
    207. Watson, Anna, 2016. "Trade openness and inflation: The role of real and nominal price rigidities," Journal of International Money and Finance, Elsevier, vol. 64(C), pages 137-169.
    208. Claudia Kwapil & Johann Scharler & Josef Baumgartner, 2010. "How are prices adjusted in response to shocks? Survey evidence from Austrian firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 151-160.
    209. Claudia Kwapil & Johann Scharler & Josef Baumgartner, 2007. "Price-setting behavior of Austrian firms," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 34(5), pages 491-505, December.
    210. Holtemöller, Oliver & Zeddies, Götz, 2010. "Has the Euro Increased International Price Elasticities?," IWH Discussion Papers 18/2010, Halle Institute for Economic Research (IWH).
    211. Shruti Tripathi & Ashima Goyal, 2013. "Relative Prices, Price Level and Inflation: Effects of Asymmetric and Sticky Adjustment," The IUP Journal of Applied Economics, IUP Publications, vol. 0(2), pages 41-61, April.
    212. Friberg, Richard & Wilander, Fredrik, 2008. "The currency denomination of exports -- A questionnaire study," Journal of International Economics, Elsevier, vol. 75(1), pages 54-69, May.
    213. Riccardo Cristadoro & Andrea Gerali & Stefano Neri & Massimiliano Pisani, 2008. "Real exchange rate volatility and disconnect: an empirical investigation," Temi di discussione (Economic working papers) 660, Bank of Italy, Economic Research and International Relations Area.
    214. Romain Duval & Lukas Vogel, 2008. "Economic resilience to shocks: The role of structural policies," OECD Journal: Economic Studies, OECD Publishing, vol. 2008(1), pages 1-38.
    215. Luis J. Álvarez & Ignacio Hernando, 2006. "Competition and price adjustment in the euro area," Working Papers 0629, Banco de España.
    216. Dawid, H. & Harting, P. & Neugart, M., 2014. "Economic convergence: Policy implications from a heterogeneous agent model," Journal of Economic Dynamics and Control, Elsevier, vol. 44(C), pages 54-80.
    217. Nataliya Karlova & Irina Bogacheva & Elena Puzanova, 2017. "Drivers of price inertia: survey evidence," Bank of Russia Working Paper Series note9, Bank of Russia.
    218. Tommaso Ciarli & Marco Valente, 2016. "The Complex Interactions between Economic Growth and Market Concentration in a Model of Structural Change," SPRU Working Paper Series 2016-06, SPRU - Science Policy Research Unit, University of Sussex Business School.
    219. Taberna, Alessandro & Filatova, Tatiana & Roventini, Andrea & Lamperti, Francesco, 2022. "Coping with increasing tides: Evolving agglomeration dynamics and technological change under exacerbating hazards," Ecological Economics, Elsevier, vol. 202(C).
    220. Riggi, Marianna & Tancioni, Massimiliano, 2010. "Nominal vs real wage rigidities in New Keynesian models with hiring costs: A Bayesian evaluation," Journal of Economic Dynamics and Control, Elsevier, vol. 34(7), pages 1305-1324, July.
    221. Andrew Coleman & Brian Silverstone, 2007. "Price changes by firms in New Zealand - some evidence from the Quarterly Survey of Business Opinion," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, September.
    222. Daniel Kaufmann, 2009. "Price-Setting Behaviour in Switzerland: Evidence from CPI Micro Data," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 145(III), pages 293-349, September.
    223. Ellis, Colin, 2009. "Do supermarket prices change from week to week?," Bank of England working papers 378, Bank of England.
    224. Carlos Usabiaga & Diego Romero-Ávila, 2012. "New Disaggregate Evidence on Spanish Inflation Persistence," EcoMod2012 3800, EcoMod.
    225. Jordi Galí, 2015. "Introduction," Introductory Chapters, in: Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications Second edition, volume 1, Princeton University Press.
    226. Geert Langenus, 2006. "Fiscal sustainability indicators and policy design in the face of ageing," Working Paper Research 102, National Bank of Belgium.
    227. Romain Duval & Jørgen Elmeskov & Lukas Vogel, 2007. "Structural Policies and Economic Resilience to Shocks," OECD Economics Department Working Papers 567, OECD Publishing.
    228. Diego Romero-Ávila & Carlos Usabiaga, 2012. "Disaggregate evidence on Spanish inflation persistence," Applied Economics, Taylor & Francis Journals, vol. 44(23), pages 3029-3046, August.
    229. Arnildo da Silva Correa & Myrian Beatriz S. Petrassi & Rafael Santos, 2016. "Price-Setting Behavior in Brazil: survey evidence," Working Papers Series 422, Central Bank of Brazil, Research Department.
    230. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2020. "Everyday Regular Prices," Working papers 746, Banque de France.

  17. Luis J. Álvarez & Ignacio Hernando, 2005. "The price setting behaviour of Spanish firms: evidence from survey data," Working Papers 0537, Banco de España.

    Cited by:

    1. Stokman, Ad C.J. & Hoeberichts, Marco M., 2006. "Price setting behaviour in the Netherlands: results of a survey," Working Paper Series 607, European Central Bank.
    2. Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2020. "Pricing under fairness concerns," LSE Research Online Documents on Economics 106567, London School of Economics and Political Science, LSE Library.
    3. Martins, Fernando, 2005. "The price setting behaviour of Portuguese firms: evidence from survey data," Working Paper Series 562, European Central Bank.
    4. Philip Vermeulen, 2007. "Price setting in the euro area: Some stylised facts from Individual Producer Price Data," Working Papers w200705, Banco de Portugal, Economics and Research Department.
    5. Hernández de Cos, Pablo & de Castro Fernández, Francisco, 2006. "The economic effects of exogenous fiscal shocks in Spain: a SVAR approach," Working Paper Series 647, European Central Bank.
    6. Gabriele Galati & William R. Melick, 2006. "The evolving inflation process: an overview," BIS Working Papers 196, Bank for International Settlements.
    7. Silvia Fabiani & Martine Druant & Ignacio Hernando & Claudia Kwapil & Bettina Landau & Claire Loupias & Fernando Martins & Thomas Mathä & Roberto Sabbatini & Harald Stahl & Ad Stokman, 2006. "What Firms' Surveys Tell Us about Price-Setting Behavior in the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 2(3), September.
    8. Parra Álvarez, Juan Carlos & Misas A., Martha & López-Enciso, Enrique Antonio, 2011. "Heterogeneidad en la fijación de precios en Colombia : análisis de sus determinantes a partir de modelos de conteo," Chapters, in: López Enciso, Enrique & Ramírez Giraldo, María Teresa (ed.), Formación de precios y salarios en Colombia T.1, volume 1, chapter 8, pages 251-293, Banco de la Republica de Colombia.
    9. Michaillat, Pascal & Saez, Emmanuel, 2014. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 86338, London School of Economics and Political Science, LSE Library.
    10. The Anh Pham & Hoang Huy Nguyen & Hung Duc Nguyen, 2019. "Price adjustment lags and their asymmetries in Vietnam," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 17(3), pages 342-359.
    11. Creamer, Kenneth & Rankin, Neil A., 2008. "Price setting in South Africa 2001-2007 - stylised facts using consumer price micro data," MPRA Paper 16905, University Library of Munich, Germany.
    12. Solórzano Diego & Dixon Huw, 2020. "The Relationship Between Nominal Wage and Price Flexibility: New Evidence," Working Papers 2020-20, Banco de México.
    13. Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," SFB 649 Discussion Papers 2014-065, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    14. Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2014. "The curse of inflation," LSE Research Online Documents on Economics 86325, London School of Economics and Political Science, LSE Library.
    15. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    16. Filippo Altissimo & Michael Ehrmann & Frank Smets, 2006. "Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence," Working Paper Research 95, National Bank of Belgium.
    17. K. C. Fung & Alicia García-Herrero & Hitomi Iizaka & Alan Siu, 2006. "Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment in China," Working Papers 0616, Banco de España.
    18. Patrick Lünnemann & Thomas Mathä, 2006. "New survey evidence on the pricing behaviour of Luxembourg firms," BCL working papers 19, Central Bank of Luxembourg.
    19. Álvarez, Luis J. & Burriel, Pablo & Hernando, Ignacio, 2005. "Do decreasing hazard functions for price changes make any sense?," Working Paper Series 461, European Central Bank.
    20. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    21. Javier Bernardo Cadena Lozano, 2011. "La teoría económica y financiera del precio: dos enfoques complementarios," Revista Criterio Libre, Universidad Libre - Sede Principal, December.
    22. Aurelijus Dabušinskas & Martti Randveer, 2006. "Comparison of pricing behaviour of firms in the euro area and Estonia," Bank of Estonia Working Papers 2006-08, Bank of Estonia, revised 10 Dec 2006.
    23. Alvarez, Luis J. & Hernando, Ignacio, 2006. "Price setting behaviour in Spain: Evidence from consumer price micro-data," Economic Modelling, Elsevier, vol. 23(4), pages 699-716, July.
    24. Fernando Martins & S. Fabiani, 2005. "The Pricing Behaviour of Firms in the Euro Area: New Survey Evidence," Working Papers w200510, Banco de Portugal, Economics and Research Department.
    25. Anna Watson, 2010. "The Impact of Trade Integration and Competition on Real and Nominal Price Rigidities: Insights from a New-Keynesian DSGE Model," DEGIT Conference Papers c015_061, DEGIT, Dynamics, Economic Growth, and International Trade.
    26. Claudia Kwapil & Fabio Rumler, 2005. "Price Setting in Austria — Results from the Eurosystem Inflation Persistence Network," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 4.
    27. Aitor Lacuesta, 2006. "Emigration and human capital: who leaves, who comes back and what difference does it make?," Working Papers 0620, Banco de España.
    28. Katarina Lukacsy, 2009. "Price Rigidity in Slovakia: Some Facts and Causes," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 1(2).
    29. Rıdvan Karacan & Mehmet Emin Yardımcı, 2024. "Free market economy: Is the market or prices free? Theory and evidence from the United States," American Journal of Economics and Sociology, Wiley Blackwell, vol. 83(1), pages 59-74, January.
    30. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    31. Erik Eyster & Kristof Madarasz & Pascal Michaillat, 2015. "Preferences for Fair Prices, Cursed Inferences, and the Nonneutrality of Money," CEP Discussion Papers dp1325, Centre for Economic Performance, LSE.
    32. francesco lippi & Luigi Paciello & Fernando Alvarez, 2012. "Monetary Shocks with Observation and Menu Costs," 2012 Meeting Papers 439, Society for Economic Dynamics.
    33. Constantina Kottaridi & Mendez-Carbajo Diego & D. Thomakos Dimitrios, 2009. "Inflation Dynamics and the Cross-Sectional Distribution of Prices in the E.U. Periphery," Springer Books, in: Takashi Kamihigashi & Laixun Zhao (ed.), International Trade and Economic Dynamics, pages 449-475, Springer.
    34. E. Dhyne, 2005. "Inflation persistence and price-setting in the euro area : results of the Eurosystem Inflation Persistence Network," Economic Review, National Bank of Belgium, issue iv, pages 17-37, December.
    35. López-Salido, J David & Arce, Oscar, 2006. "House Prices, Rents and Interest Rates Under Collateral Constraints," CEPR Discussion Papers 5689, C.E.P.R. Discussion Papers.
    36. Izquierdo, Mario & Lacuesta, Aitor, 2007. "Wage inequality in Spain: recent developments," Working Paper Series 781, European Central Bank.
    37. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2015. "Phillips curves with observation and menu costs," EIEF Working Papers Series 1508, Einaudi Institute for Economics and Finance (EIEF), revised Jul 2015.
    38. Fernando Martins & Luis J. Álvarez, 2006. "Sticky Prices in The Euro Area: a Summary of New Micro Evidence," Working Papers w200605, Banco de Portugal, Economics and Research Department.
    39. Alvarez, Fernando & Lippi, Francesco & Paciello, Luigi, 2010. "Optimal price setting with observation and menu costs," CEPR Discussion Papers 7861, C.E.P.R. Discussion Papers.
    40. Asha Sundaram & Lawrence Edwards & Mamello A. Nchake, 2015. "Price-setting Behavior and Competition in Developing Countries: An Analysis of Retail Outlets in Lesotho," Working Papers 567, Economic Research Southern Africa.
    41. Ricardo Gimeno & Juan M. Nave, 2006. "Genetic algorithm estimation of interest rate term structure," Working Papers 0634, Banco de España.
    42. Kenichi MATSUMOTO & Azusa OKAGAWA, 2010. "Analysis of Economic and Environmental Impacts of CO2 Abatement in Japan Applying a CGE Model with Knowledge Investment," EcoMod2010 259600115, EcoMod.
    43. Sergio Puente, 2006. "Dynamic stability in repeated games," Working Papers 0618, Banco de España.
    44. Paloma López-García & Sergio Puente, 2006. "Business demography in Spain: determinants of firm survival," Working Papers 0608, Banco de España.
    45. Watson, Anna, 2016. "Trade openness and inflation: The role of real and nominal price rigidities," Journal of International Money and Finance, Elsevier, vol. 64(C), pages 137-169.
    46. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2018. "Monetary shocks in models with observation and menu costs," Journal of the European Economic Association, European Economic Association, vol. 16(2), pages 353-382.
    47. Luis J. Álvarez & Ignacio Hernando, 2006. "Competition and price adjustment in the euro area," Working Papers 0629, Banco de España.

  18. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2005. "Do decreasing hazard functions for price changes make any sense?," Working Papers 0508, Banco de España.

    Cited by:

    1. Kevin D. Sheedy, 2007. "Intrinsic Inflation Persistence," CEP Discussion Papers dp0837, Centre for Economic Performance, LSE.
    2. Bunn, Philip & Ellis, Colin, 2011. "How do individual UK consumer prices behave?," Bank of England working papers 438, Bank of England.
    3. Etienne Gagnon, 2007. "Price setting during low and high inflation: evidence from Mexico," International Finance Discussion Papers 896, Board of Governors of the Federal Reserve System (U.S.).
    4. Philip Bunn & Colin Ellis, 2012. "How do Individual UK Producer Prices Behave?," Economic Journal, Royal Economic Society, vol. 122(558), pages 16-34, February.
    5. Gabriele Galati & William R. Melick, 2006. "The evolving inflation process: an overview," BIS Working Papers 196, Bank for International Settlements.
    6. Jesús Fernández-Villaverde, 2010. "The econometrics of DSGE models," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 1(1), pages 3-49, March.
    7. Imbs, Jean & Jondeau, Eric & Pelgrin, Florian, 2007. "Aggregating Phillips curves," Working Paper Series 785, European Central Bank.
    8. Paul Middleditch, 2010. "A New Keynesian Model with Heterogeneous Price Setting," Centre for Growth and Business Cycle Research Discussion Paper Series 150, Economics, The University of Manchester.
    9. Takayuki Mizuno & Makoto Nirei & Tsutomu Watanabe, 2010. "Closely Competing Firms and Price Adjustment: Some Findings from an Online Marketplace," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(4), pages 673-696, December.
    10. Yao, Fang, 2011. "Monetary Policy, Trend Inflation and Inflation Persistence," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48718, Verein für Socialpolitik / German Economic Association.
    11. Isaac Baley & Andrés Blanco, 2016. "Menu Costs, Uncertainty Cycles, and the Propagation of Nominal Shocks," Working Papers 918, Barcelona School of Economics.
    12. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.
    13. Huw D. Dixon, 2010. "A Unified Framework for Using Micro-Data to Compare Dynamic Wage and Price Setting Models," CESifo Working Paper Series 3093, CESifo.
    14. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    15. Di Bartolomeo Giovanni & Di Pietro Marco, 2015. "Optimal inflation targeting rule under positive hazard functions for price changes," wp.comunite 0116, Department of Communication, University of Teramo.
    16. Philip Bunn & Colin Ellis, 2012. "Examining The Behaviour Of Individual UK Consumer Prices," Economic Journal, Royal Economic Society, vol. 122(558), pages 35-55, February.
    17. Di Bartolomeo, Giovanni & Di Pietro, Marco & Beqiraj, Elton, 2020. "Price and wage inflation persistence across countries and monetary regimes," Journal of International Money and Finance, Elsevier, vol. 109(C).
    18. Jean Imbs & Eric Jondeau & Florian Pelgrin, 2011. "Sectoral Phillips curves and the aggregate Phillips curve," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00612310, HAL.
    19. Alvarez, Luis J. & Hernando, Ignacio, 2006. "Price setting behaviour in Spain: Evidence from consumer price micro-data," Economic Modelling, Elsevier, vol. 23(4), pages 699-716, July.
    20. Dixon, H. D., 2009. "A unified framework for understanding and comparing dynamic wage and price-setting models," Working papers 257, Banque de France.
    21. Denis Fougère & Hervé Le Bihan & Patrick Sevestre, 2007. "Heterogeneity in consumer price stickiness. A microeconometric investigation," Post-Print halshs-00278922, HAL.
    22. Yao, Fang, 2011. "Monetary policy, trend inflation and inflation Persistence," SFB 649 Discussion Papers 2011-008, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    23. Carvalho Carlos, 2006. "Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks," The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(1), pages 1-58, December.
    24. Alberto Cavallo, 2015. "Scraped Data and Sticky Prices," NBER Working Papers 21490, National Bureau of Economic Research, Inc.
    25. Thorvardur Tjörvi Ólafsson, 2006. "The New Keynesian Phillips Curve: In Search of Improvements and Adaptation to the Open Economy," Economics wp31_tjorvi, Department of Economics, Central bank of Iceland.
    26. Lünnemann, Patrick & Mathä, Thomas Y., 2005. "Consumer price behaviour in Luxembourg: evidence from micro CPI data," Working Paper Series 541, European Central Bank.
    27. Dixon, H. & Le Bihan, H., 2011. "Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications," Working papers 324, Banque de France.
    28. Matsuoka, Takayasu, 2010. "Unobserved heterogeneity in price-setting behavior: A duration analysis approach," Japan and the World Economy, Elsevier, vol. 22(1), pages 13-20, January.
    29. Fernando Martins & Luis J. Álvarez, 2006. "Sticky Prices in The Euro Area: a Summary of New Micro Evidence," Working Papers w200605, Banco de Portugal, Economics and Research Department.
    30. Alvarez, Fernando & Lippi, Francesco & Paciello, Luigi, 2010. "Optimal price setting with observation and menu costs," CEPR Discussion Papers 7861, C.E.P.R. Discussion Papers.
    31. Emi Nakamura & Jón Steinsson, 2008. "Monetary Non-Neutrality in a Multi-Sector Menu Cost Model," NBER Working Papers 14001, National Bureau of Economic Research, Inc.
    32. Daisuke Ikeda & Shinichi Nishioka, 2007. "Price Setting Behavior and Hazard Functions: Evidence from Japanese CPI Micro Data," Bank of Japan Working Paper Series 07-E-19, Bank of Japan.
    33. Asha Sundaram & Lawrence Edwards & Mamello A. Nchake, 2015. "Price-setting Behavior and Competition in Developing Countries: An Analysis of Retail Outlets in Lesotho," Working Papers 567, Economic Research Southern Africa.
    34. Ignazio Angeloni & Luc Aucremanne & Michael Ehrmann & Jordi Galí & Andrew Levin & Frank Smets, 2006. "New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modeling," Journal of the European Economic Association, MIT Press, vol. 4(2-3), pages 562-574, 04-05.
    35. Yuriy Gorodnichenko, 2008. "Endogenous information, menu costs and inflation persistence," NBER Working Papers 14184, National Bureau of Economic Research, Inc.
    36. Alvarez Luis J. & Burriel Pablo, 2010. "Is a Calvo Price Setting Model Consistent with Individual Price Data?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-25, May.
    37. Lawrence Edwards & Mamello A. Nchake & Neil Rankin, 2014. "Price setting behaviour in Lesotho: Stylised facts from consumer retail prices," Working Papers 417, Economic Research Southern Africa.
    38. Mark Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Post-Print hal-02417497, HAL.
    39. Prince, Diogo de, 2018. "Are price hazard functions really decreasing functions in Brazil?," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 266-276.
    40. Adela Luque, 2005. "Skill mix and technology in Spain: evidence from firm level data," Working Papers 0513, Banco de España.
    41. Patrick Lünnemann & Ladislav Wintr, 2011. "Price Stickiness in the US and Europe Revisited: Evidence from Internet Prices," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(5), pages 593-621, October.
    42. Fauzia SOHAIL* & Ambreen FATIMA**, 2018. "PRICE SETTING BEHAVIOUR IN PAKISTAN: Stylized Facts from Micro SPI Dataset," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 28(2), pages 253-286.
    43. Lan, Hao & Lloyd, Tim A. & Morgan, C. Wyn, 2013. "The hazard function of sales: An analysis of UK supermarket food prices," 87th Annual Conference, April 8-10, 2013, Warwick University, Coventry, UK 151972, Agricultural Economics Society.
    44. Ellis, Colin, 2009. "Do supermarket prices change from week to week?," Bank of England working papers 378, Bank of England.

  19. Luis J. Álvarez & Ignacio Hernando, 2004. "Price setting behaviour in Spain: stylised facts using consumer price micro data," Working Papers 0422, Banco de España.

    Cited by:

    1. Etienne Gagnon & David López-Salido & Nicolas Vincent, 2012. "Individual Price Adjustment along the Extensive Margin," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 235-281, National Bureau of Economic Research, Inc.
    2. Huang, Kevin X.D. & Meng, Qinglai & Xue, Jianpo, 2009. "Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment," Journal of Economic Dynamics and Control, Elsevier, vol. 33(2), pages 409-430, February.
    3. BOUAKEZ, Hafed & CARDIA Emanuela & RUGE-MURCIA, Francisco, 2005. "The Transmission of Monetary Policy in a Multi-Sector Economy," Cahiers de recherche 2005-16, Universite de Montreal, Departement de sciences economiques.
    4. Bunn, Philip & Ellis, Colin, 2011. "How do individual UK consumer prices behave?," Bank of England working papers 438, Bank of England.
    5. Hoffmann, Johannes & Kurz-Kim, Jeong-Ryeol, 2006. "Consumer price adjustment under the microscope: Germany in a period of low inflation," Discussion Paper Series 1: Economic Studies 2006,16, Deutsche Bundesbank.
    6. Konieczny, Jerzy D. & Rumler, Fabio, 2006. "Regular Adjustment: Theory and Evidence," Kiel Working Papers 1352, Kiel Institute for the World Economy (IfW Kiel).
    7. Filippo Altissimo & Michael Ehrmann & Frank Smets, 2006. "Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence," Working Paper Research 95, National Bank of Belgium.
    8. Emmanuel Dhyne & Luis J. Alvarez & Herve Le Bihan & Giovanni Veronese & Daniel Dias & Johannes Hoffmann & Nicole Jonker & Patrick Lunnemann & Fabio Rumler & Jouko Vilmunen, 2006. "Price Changes in the Euro Area and the United States: Some Facts from Individual Consumer Price Data," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 171-192, Spring.
    9. Ysusi Carla, 2010. "Consumer Price Behavior in Mexico Under Inflation Targeting: A Microdata Approach," Working Papers 2010-09, Banco de México.
    10. Álvarez, Luis J. & Burriel, Pablo & Hernando, Ignacio, 2005. "Do decreasing hazard functions for price changes make any sense?," Working Paper Series 461, European Central Bank.
    11. Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2010. "Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?," Vanderbilt University Department of Economics Working Papers 1120, Vanderbilt University Department of Economics.
    12. Barry Eichengreen, 2007. "Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?," Open Economies Review, Springer, vol. 18(1), pages 27-52, February.
    13. Silvia Fabiani & Angela Gattulli & Roberto Sabbatini & Giovanni Veronese, 2006. "Consumer Price Setting in Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 65(1), pages 31-74, May.
    14. Levy, Daniel C. & Chen, Haipeng (Allan) & Ray, Sourav & Bergen, Mark, 2007. "Asymmetric Price Adjustment in the Small," Kiel Working Papers 1356, Kiel Institute for the World Economy (IfW Kiel).
    15. Alvarez, Luis J. & Hernando, Ignacio, 2006. "Price setting behaviour in Spain: Evidence from consumer price micro-data," Economic Modelling, Elsevier, vol. 23(4), pages 699-716, July.
    16. Dixon, H. D., 2009. "A unified framework for understanding and comparing dynamic wage and price-setting models," Working papers 257, Banque de France.
    17. Denis Fougère & Hervé Le Bihan & Patrick Sevestre, 2007. "Heterogeneity in consumer price stickiness. A microeconometric investigation," Post-Print halshs-00278922, HAL.
    18. Veronese, Giovanni & Fabiani, Silvia & Gattulli, Angela & Sabbatini, Roberto, 2005. "Consumer price behaviour in Italy: evidence from micro CPI data," Working Paper Series 449, European Central Bank.
    19. Emmanuel Dhyne, 2005. "Price setting in the euro area: Some stylized facts from Individual Consumer Price Data," Working Papers w200506, Banco de Portugal, Economics and Research Department.
    20. Eduardo Levy Yeyati, 2005. "Financial Dollarisation: Evaluating The Consequences," Business School Working Papers findollarisation, Universidad Torcuato Di Tella.
    21. Zakaria Babutsidze, 2012. "Asymmetric (S,s) pricing: implications for monetary policy," Post-Print hal-01053560, HAL.
    22. Luc Aucremanne & Emmanuel Dhyne, 2005. "Time-dependent versus State-dependent Pricing: A Panel Data Approach to the Determinants of Belgian Consumer Price Changes," Working Paper Research 66, National Bank of Belgium.
    23. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    24. Hemmaty , Maryam & Bayat , Saeed, 2013. "Price Setting in Iran: Some Stylized Facts from CPI Micro Data," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 8(1), pages 75-108, January.
    25. Fabio Rumler & Alfred Stiglbauer & Josef Baumgartner, 2011. "Patterns and Determinants of Price Changes: Analysing Individual Consumer Prices in Austria," German Economic Review, Verein für Socialpolitik, vol. 12(3), pages 336-350, August.
    26. Edward S. Knotek, 2008. "Convenient prices and price rigidity: cross-sectional evidence," Research Working Paper RWP 08-04, Federal Reserve Bank of Kansas City.
    27. E. Dhyne, 2005. "Inflation persistence and price-setting in the euro area : results of the Eurosystem Inflation Persistence Network," Economic Review, National Bank of Belgium, issue iv, pages 17-37, December.
    28. J. Konieczny, A. Skrzpacz, 2006. "Search, Costly Price Adjustment and the Frequency of Price Changes - Theory and Evidence," Working Papers eg0054, Wilfrid Laurier University, Department of Economics, revised 2006.
    29. Kurri, Samu, 2007. "Price changes in Finland: some evidence from micro CPI data," Working Paper Series 728, European Central Bank.
    30. Lünnemann, Patrick & Mathä, Thomas Y., 2005. "Consumer price behaviour in Luxembourg: evidence from micro CPI data," Working Paper Series 541, European Central Bank.
    31. Fernando Martins & Luis J. Álvarez, 2006. "Sticky Prices in The Euro Area: a Summary of New Micro Evidence," Working Papers w200605, Banco de Portugal, Economics and Research Department.
    32. Lawrence Edwards & Mamello A. Nchake & Neil Rankin, 2014. "Price setting behaviour in Lesotho: Stylised facts from consumer retail prices," Working Papers 417, Economic Research Southern Africa.
    33. Benjamin Eden & Matthew Jaremski, 2009. "Rigidity, Dispersion and Discreteness in Chain Prices," Vanderbilt University Department of Economics Working Papers 0903, Vanderbilt University Department of Economics.
    34. Juan Pablo Medina & David Rappoport & Claudio Soto, 2007. "Dynamics of Price Adjustments: Evidence From Micro Level Data for Chile," Working Papers Central Bank of Chile 432, Central Bank of Chile.
    35. Mr. Rafael A Portillo & Luis-Felipe Zanna & Mr. Stephen A. O'Connell & Richard Peck, 2016. "Implications of Food Subsistence for Monetary Policy and Inflation," IMF Working Papers 2016/070, International Monetary Fund.
    36. Luc Aucremanne & Martine Druant, 2005. "Price-setting behaviour in Belgium: what can be learned from an ad hoc survey ?," Working Paper Research 65, National Bank of Belgium.
    37. Adela Luque, 2005. "Skill mix and technology in Spain: evidence from firm level data," Working Papers 0513, Banco de España.
    38. José Dorich, 2010. "Forward-looking versus backward-looking behavior in inflation dynamics: a new test," 2010 Meeting Papers 1020, Society for Economic Dynamics.
    39. Babutsidze, Zakaria, 2006. "(S,s) Pricing: Does the Heterogeneity Wipe Out the Asymmetry on Micro Level?," MERIT Working Papers 2006-033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    40. Samu Kurri, 2009. "Price Changes in Finland: Some Evidence from the Micro CPI data," Finnish Economic Papers, Finnish Economic Association, vol. 22(2), pages 47-62, Autumn.
    41. Tillmann, Peter, 2005. "The New Keynesian Phillips Curve in Europe: does it fit or does it fail?," Discussion Paper Series 1: Economic Studies 2005,04, Deutsche Bundesbank.
    42. Felipe Morandé Lavín & Mauricio Tejada, 2008. "Price Stickiness in Emerging Economies: Empirical Evidence for Four Latin-American Countries," Working Papers wp286, University of Chile, Department of Economics.
    43. Eliana Viviano & Luciana Aimone Gigio & Emanuela Ciapanna & Daniele Coin & Fabrizio Colonna & Federica Lagna & Raffaele Santioni, 2012. "The retail trade sector and the food industry in Italy," Questioni di Economia e Finanza (Occasional Papers) 119, Bank of Italy, Economic Research and International Relations Area.
    44. Eduardo Levy Yeyati, 2004. "Dollars, Debt and the IFIs: Dedollarizing Multilateral Lending," Business School Working Papers dedollmultlending, Universidad Torcuato Di Tella.
    45. Babutsidze, Zakaria, 2010. "(S,s) pricing: Does the heterogeneity wipe out the asymmetry on micro level?," Economics Discussion Papers 2010-19, Kiel Institute for the World Economy (IfW Kiel).
    46. Torres Torres, Diego José, 2009. "The Dual Stickiness Model and Inflation Dynamics in Spain," MPRA Paper 18031, University Library of Munich, Germany.

  20. Javier Delgado & Ignacio Hernando & María J. Nieto, 2004. "Do european primarily internet banks show scale and experience efficiencies?," Working Papers 0412, Banco de España.

    Cited by:

    1. W. Scott Frame & Lawrence J. White, 2009. "Technological change, financial innovation, and diffusion in banking," FRB Atlanta Working Paper 2009-10, Federal Reserve Bank of Atlanta.
    2. Donal G. MCKILLOP & Barry QUINN, 2015. "Web Adoption By Irish Credit Unions: Performance Implications," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(3), pages 421-443, September.
    3. Tariq Abbasi & Hans Weigand, 2017. "The Impact of Digital Financial Services on Firm's Performance: a Literature Review," Papers 1705.10294, arXiv.org.
    4. JM. Sahut, 2014. "e-Business Models for Financial Services and Internet Banks," Working Papers 2014-217, Department of Research, Ipag Business School.
    5. Del Gaudio, Belinda L. & Porzio, Claudio & Sampagnaro, Gabriele & Verdoliva, Vincenzo, 2021. "How do mobile, internet and ICT diffusion affect the banking industry? An empirical analysis," European Management Journal, Elsevier, vol. 39(3), pages 327-332.
    6. Memmel, Christoph & Schertler, Andrea, 2009. "The dependency of the banks' assets and liabilities: evidence from Germany," Discussion Paper Series 2: Banking and Financial Studies 2009,14, Deutsche Bundesbank.
    7. David VanHoose, 2009. "Internet Banking," NFI Policy Briefs 2009-PB-12, Indiana State University, Scott College of Business, Networks Financial Institute.
    8. W. Scott Frame & Larry Wall & Lawrence J. White, 2018. "Technological Change and Financial Innovation in Banking: Some Implications for FinTech," Working Papers 18-28, New York University, Leonard N. Stern School of Business, Department of Economics.
    9. Gardó, Sándor & Klaus, Benjamin, 2020. "Overcapacities in banking: Measurement, trends and determinants," Economic Modelling, Elsevier, vol. 91(C), pages 819-834.
    10. Arnold, Ivo J.M. & van Ewijk, Saskia E., 2011. "Can pure play internet banking survive the credit crisis?," Journal of Banking & Finance, Elsevier, vol. 35(4), pages 783-793, April.
    11. Adela Luque, 2005. "Skill mix and technology in Spain: evidence from firm level data," Working Papers 0513, Banco de España.
    12. Elisa Di Febo & Eliana Angelini, 2022. "Internet banking, age, gender, and performance: Which connections in Italy?," Bank i Kredyt, Narodowy Bank Polski, vol. 53(3), pages 295-324.
    13. Ana Lozano†Vivas & Laurent Weill, 2012. "How Does Cross†Border Activity Affect EU Banking Markets?," European Financial Management, European Financial Management Association, vol. 18(2), pages 303-320, March.
    14. Wu, Lei & Yu, Dongli & Lv, Yongbin, 2023. "Digital banking and deposit: Substitution effect of mobile applications on web services," Finance Research Letters, Elsevier, vol. 56(C).
    15. Ji-Hee Jung & Jae-Ik Shin, 2019. "The Effect of Choice Attributes of Internet Specialized Banks on Integrated Loyalty: The Moderating Effect of Gender," Sustainability, MDPI, vol. 11(24), pages 1-18, December.

  21. Campa, José Manuel & Hernando, Ignacio, 2004. "Shareholder Value Creation in European M&As," CEPR Discussion Papers 4400, C.E.P.R. Discussion Papers.

    Cited by:

    1. Craninckx, Katrien & Huyghebaert, Nancy, 2015. "Large shareholders and value creation through corporate acquisitions in Europe. The identity of the controlling shareholder matters," European Management Journal, Elsevier, vol. 33(2), pages 116-131.
    2. John García & Francesc Trillas, 2011. "Control corporativo y riqueza de los accionistas en el sector eléctrico europeo (2000-2007)," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 13(25), pages 297-319, July-Dece.
    3. Wolfgang Bessler & Colin Schneck, 2015. "Excess premium offers and bidder success in European takeovers," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 23-62, June.
    4. Arturo Bris, 2005. "Do Insider Trading Laws Work?," European Financial Management, European Financial Management Association, vol. 11(3), pages 267-312, June.
    5. Mager, Ferdinand & Meyer-Fackler, Martin, 2017. "Mergers and acquisitions in Germany: 1981–2010," Global Finance Journal, Elsevier, vol. 34(C), pages 32-42.
    6. Gerhard Wörtche & Tristan Nguyen, 2011. "The impact of M&A transactions from private equity and hedge funds," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 19(1), pages 45-57, February.
    7. Mateev, Miroslav & Andonov, Kristiyan, 2016. "Do cross-border and domestic bidding firms perform differently? New evidence from continental Europe and the UK," Research in International Business and Finance, Elsevier, vol. 37(C), pages 327-349.
    8. von Eije, Henk & Wiegerinck, Hélène, 2010. "Shareholders' reactions to announcements of acquisitions of private firms: Do target and bidder markets make a difference?," International Business Review, Elsevier, vol. 19(4), pages 360-377, August.
    9. Amporn SOONGSWANG, 2012. "Do M&A Enhance Values? Mixed Methods And Evidence," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 7(3(21)/ Fa), pages 312-325.
    10. Erik E. Lehmann & Manuel T. Schwerdtfeger, 2016. "Evaluation of IPO-firm takeovers: an event study," Small Business Economics, Springer, vol. 47(4), pages 921-938, December.
    11. Mateev, Miroslav & Andonov, Kristiyan, 2018. "Do European bidders pay more in cross-border than in domestic acquisitions? New evidence from Continental Europe and the UK," Research in International Business and Finance, Elsevier, vol. 45(C), pages 529-556.
    12. Acero, Isabel & Alcalde, Nuria, 2021. "Institutional context as a moderator of the relationship between board structure and acquirer returns," Research in International Business and Finance, Elsevier, vol. 57(C).
    13. Campa, Jose M. & Hernando, Ignacio, 2007. "The reaction by industry insiders to M&As in the European financial industry," IESE Research Papers D/689, IESE Business School.
    14. ATM Adnan, 2018. "Home vs. Cross-Border Takeovers: Is There Any Difference in Investor Perception?," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2018(2), pages 59-84.
    15. Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Discussion Paper 2005-029, Tilburg University, Tilburg Law and Economic Center.
    16. John J. García and Francesc Trillas, 2012. "Regulatory Reform and Corporate Control in European Energy Industries," RSCAS Working Papers 2012/30, European University Institute.
    17. Navio-Marco, J & Solorzano-Garcia, M & Urueña, A., 2015. "Language As Key Factor Of Long-Term Value Creation In Mergers And Acquisitions In The Telecommunications Sector," 26th European Regional ITS Conference, Madrid 2015 127170, International Telecommunications Society (ITS).
    18. Abdourahmane Diaw, 2014. "The effect of mergers and acquisitions on shareholder wealth: the case of European banks," Working Papers hal-01184665, HAL.
    19. Yang, Jin Young & Segara, Reuben, 2020. "Foreign investors’ trading behaviors around merger and acquisition announcements: Evidence from Korea," Finance Research Letters, Elsevier, vol. 37(C).
    20. John J. García & Francesc Trillas, 2013. "European energy industry shocks, corporate control and firms' value," Documentos de Trabajo de Valor Público 10928, Universidad EAFIT.
    21. Amici, Alessandra & Fiordelisi, Franco & Masala, Francesco & Ricci, Ornella & Sist, Federica, 2013. "Value creation in banking through strategic alliances and joint ventures," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1386-1396.
    22. Tomi Grönlund & Antti Louko & Mika Vaihekoski, 2008. "Corporate Real Estate Sale and Leaseback Effect: Empirical Evidence from Europe," European Financial Management, European Financial Management Association, vol. 14(4), pages 820-843, September.
    23. Germán Horacio Cardona Vélez, 2014. "Análisis del impacto de los cambios del control corporativo sobre el valor de las empresas en América Latina," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, June.
    24. Martynova, Marina & Renneboog, Luc, 2008. "A century of corporate takeovers: What have we learned and where do we stand?," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2148-2177, October.
    25. Katrien Craninckx & Nancy Huyghebaert, 2011. "Can Stock Markets Predict M&A Failure? A Study of European Transactions in the Fifth Takeover Wave," European Financial Management, European Financial Management Association, vol. 17(1), pages 9-45, January.
    26. Jakub Marszalek & Bogna Kazmierska-Jozwiak & Ewelina Niedzielska, 2022. "Value of the Acquiring Company and the Success of M&A Transaction in the Automotive Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 700-716.
    27. Meinshausen, Steffen & Schiereck, Dirk, 2011. "Dressed to merge — small fits fine: M&A success in the fashion and accessories industry," International Review of Financial Analysis, Elsevier, vol. 20(5), pages 283-291.
    28. Antonios Antoniou & Philippe Arbour & Huainan Zhao, 2008. "How Much Is Too Much: Are Merger Premiums Too High?," European Financial Management, European Financial Management Association, vol. 14(2), pages 268-287, March.
    29. Campa, José Manuel & Hernando, Ignacio, 2005. "M&As Performance in the European Financial Industry," CEPR Discussion Papers 5204, C.E.P.R. Discussion Papers.
    30. Arzu Hajiyeva, "undated". "The Impact Of Mergers And Acquisitions On The Operational Performance Of Companies In Emerging Capital Markets," Review of Socio - Economic Perspectives 202067, Reviewsep.
    31. Caterina Moschieri & Roberto Ragozzino & Jose Manuel Campa, 2014. "Does Regional Integration Change the Effects of Country-Level Institutional Barriers on M&A? The Case of the European Union," Management International Review, Springer, vol. 54(6), pages 853-877, December.
    32. Tao, Fang & Liu, Xiaohui & Gao, Lan & Xia, Enjun, 2017. "Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms," International Business Review, Elsevier, vol. 26(1), pages 189-202.
    33. Feito Ruiz, Isabel & Renneboog, Luc, 2017. "Takeovers and (Excess) CEO Compensation," Other publications TiSEM bc25bf54-3420-49cc-8452-c, Tilburg University, School of Economics and Management.
    34. Claire E. Ashton-James & Killian J. McCarthy & Anca Dranca-Iacoban, 2011. "Power, and the Destruction of Value in Mergers and Acquisitions," Chapters, in: Killian J. McCarthy & Maya Fiolet & Wilfred Dolfsma (ed.), The Nature of the New Firm, chapter 1, Edward Elgar Publishing.
    35. Stefano Caiazza & Alberto Franco Pozzolo & Giovanni Trovato, 2014. "Do domestic and cross-border M&As differ? Cross-country evidence from the banking sector," Applied Financial Economics, Taylor & Francis Journals, vol. 24(14), pages 967-981, July.
    36. Humphery-Jenner, M., 2011. "High Frequency Trading, Information, and Takeovers," Discussion Paper 2011-047, Tilburg University, Center for Economic Research.
    37. Dranev, Yury & Frolova, Ksenia & Ochirova, Elena, 2019. "The impact of fintech M&A on stock returns," Research in International Business and Finance, Elsevier, vol. 48(C), pages 353-364.
    38. Martynova, M., 2006. "The market for corporate control and corporate governance regulation in Europe," Other publications TiSEM 8651e281-4914-41f2-ac14-1, Tilburg University, School of Economics and Management.
    39. Gurvinder Brar & Daniel Giamouridis & Manolis Liodakis, 2009. "Predicting European Takeover Targets," European Financial Management, European Financial Management Association, vol. 15(2), pages 430-450, March.
    40. Svetlana Grigorieva & Tatiana Petrunina, 2015. "The performance of mergers and acquisitions in emerging capital markets: new angle," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(4), pages 377-403, October.
    41. Ana Lozano-Vivas & Subal Kumbhakar & Meryem Fethi & Mohamed Shaban, 2011. "Consolidation in the European banking industry: how effective is it?," Journal of Productivity Analysis, Springer, vol. 36(3), pages 247-261, December.
    42. Nihat Aktas & Eric de Bodt & Laurent Liagre, 2006. "Le décollage d'EADS:le point de vue des marchés financiers," Revue Finance Contrôle Stratégie, revues.org, vol. 9(1), pages 5-34, March.
    43. Kiesel, Florian & Ries, Jörg M. & Tielmann, Artur, 2017. "The impact of mergers and acquisitions on shareholders' wealth in the logistics service industry," International Journal of Production Economics, Elsevier, vol. 193(C), pages 781-797.
    44. Yen, Tze-Yu & André, Paul, 2019. "Market reaction to the effect of corporate social responsibility on mergers and acquisitions: Evidence on emerging markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 114-131.
    45. Braun, Thorsten V. & Lehmann, Erik E. & Schwerdtfeger, Manuel T., 2011. "The stock market evaluation of IPO-firm takeovers," UO Working Papers 01-11, University of Augsburg, Chair of Management and Organization.
    46. Hoang Long Pham, 2015. "Impact of Cross-border Mergers and Acquisitions on Acquirers' Shareholders Wealth [Přeshraniční fúze a akvizice a jejich vliv na bohatství akcionářů]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2015(4), pages 78-92.
    47. Andreou, Panayiotis C. & Louca, Christodoulos & Panayides, Photis M., 2012. "Valuation effects of mergers and acquisitions in freight transportation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(6), pages 1221-1234.
    48. H. Kent Baker & Satish Kumar & Nitesh Pandey, 2020. "A bibliometric analysis of European Financial Managementʼs first 25 years," European Financial Management, European Financial Management Association, vol. 26(5), pages 1224-1260, November.
    49. Navío-Marco, Julio & Solórzano-García, Marta & Matilla-García, Mariano & Urueña, Alberto, 2016. "Language as a key factor of long-term value creation in mergers and acquisitions in the telecommunications sector," Telecommunications Policy, Elsevier, vol. 40(10), pages 1052-1063.
    50. Dennis C. Mueller & B. Burcin Yurtoglu, 2007. "Corporate governance and the returns to acquiring firms' shareholders: an international comparison," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(8), pages 879-896.
    51. Cristina López-Duarte & Esteban García-Canal, 2007. "Stock market reaction to foreign direct investments: Interaction between entry mode and FDI attributes," Management International Review, Springer, vol. 47(3), pages 393-422, June.
    52. Hagendorff, Jens & Collins, Michael & Keasey, Kevin, 2008. "Investor protection and the value effects of bank merger announcements in Europe and the US," Journal of Banking & Finance, Elsevier, vol. 32(7), pages 1333-1348, July.
    53. Moshfique Uddin & Agyenim Boateng, 2009. "An analysis of short‐run performance of cross‐border mergers and acquisitions," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 8(4), pages 431-453, October.
    54. Renneboog, L.D.R. & Szilagyi, P.G., 2006. "How do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards," Discussion Paper 2006-55, Tilburg University, Center for Economic Research.
    55. Pop, Diana, 2006. "M&A market in transition economies: Evidence from Romania," Emerging Markets Review, Elsevier, vol. 7(3), pages 244-260, September.
    56. Junmao Chiu & Huimin Chung & Shih-Chang Hung, 2018. "The Impact Of A Cross-Border Conglomerate Merger On The Target Firm And Its Rivals - A Case Study Of Foxconn’S Acquisition Of Sharp," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 12(1), pages 263-277.
    57. Sharma, Abhijit & Raat, Erwin, 2014. "Acquiring Control in Emerging Markets: Foreign Acquisitions in Eastern Europe and the Effect on Shareholder Wealth," MPRA Paper 62360, University Library of Munich, Germany.
    58. Moschieri, Caterina & Campa, José Manuel, 2014. "New trends in mergers and acquisitions: Idiosyncrasies of the European market," Journal of Business Research, Elsevier, vol. 67(7), pages 1478-1485.
    59. Ayton, Julie & Rao-Nicholson, Rekha, 2018. "Cross-border arbitrage and acquirers’ returns in the Eurozone crisis," Journal of Economics and Business, Elsevier, vol. 95(C), pages 87-102.
    60. Joseph H. Golec & John A. Vernon, 2006. "European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending," NBER Working Papers 12676, National Bureau of Economic Research, Inc.
    61. Manapol Ekkayokkaya & Phil Holmes & Krishna Paudyal, 2009. "The Euro and the Changing Face of European Banking: Evidence from Mergers and Acquisitions," European Financial Management, European Financial Management Association, vol. 15(2), pages 451-476, March.
    62. Ronan Powell & Sarah Prendergast & Ruchira Sharma, 2022. "The impact of economic nationalism in Europe on the returns to rivals of cross‐border M&A bids," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(9-10), pages 1784-1829, October.
    63. Kellner, Tobias, 2024. "The impact of M&A announcements on stock returns in the European Union," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 843-862.
    64. Yılmaz, Işıl Sevilay & Tanyeri, Başak, 2016. "Global Merger and Acquisition (M&A) activity: 1992–2011," Finance Research Letters, Elsevier, vol. 17(C), pages 110-117.
    65. Clay Moffett & Mohammad Naserbakht, 2013. "Stock Price Behavior of Acquirers and Targets Due to M&A Announcement in USA Banking," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 18(1), pages 105-114, winter.
    66. Riyad Neman Darwazeh & Mohammad Dabaghia, 2018. "Privatization Effect on Shareholder Value in the Jordanian State Owned Enterprises," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 70-78.
    67. Jakub Marszalek & Bogna Kazmierska-Jozwiak & Ewelina Niedzielska, 2022. "The Value of the Acquiring Company and the Success of M&A Transaction in the Automotive Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 160-176.
    68. Blevins, Dane P. & Moschieri, Caterina & Pinkham, Brian C. & Ragozzino, Roberto, 2016. "Institutional changes within the European Union: How global cities and regional integration affect MNE entry decisions," Journal of World Business, Elsevier, vol. 51(2), pages 319-330.
    69. Díaz Díaz, Belén & Sanfilippo Azofra, Sergio & López Gutiérrez, Carlos, 2013. "Synergies or overpayment in European corporate M&A," MPRA Paper 51070, University Library of Munich, Germany.
    70. Massimiliano Affinito & Matteo Piazza, 2009. "What Are Borders Made of? An Analysis of Barriers to European Banking Integration," Springer Books, in: Alberto Zazzaro & Michele Fratianni & Pietro Alessandrini (ed.), The Changing Geography of Banking and Finance, edition 1, chapter 9, pages 185-211, Springer.
    71. Nico Rottke & Dirk Schiereck & Stephan Pauser, 2011. "M&A in the Construction Industry -Wealth Effects of Diversification into Real Estate Life Cycle Related Services," International Real Estate Review, Global Social Science Institute, vol. 14(3), pages 283-310.
    72. Kiesel, Florian & Ries, Jörg M. & Tielmann, Artur, 2017. "Reprint of “The impact of mergers and acquisitions on shareholders' wealth in the logistics service industry”," International Journal of Production Economics, Elsevier, vol. 194(C), pages 261-277.
    73. Alexandridis, George & Hoepner, Andreas G.F. & Huang, Zhenyi & Oikonomou, Ioannis, 2022. "Corporate social responsibility culture and international M&As," The British Accounting Review, Elsevier, vol. 54(1).
    74. Aktas, Nihat & de Bodt, Eric & Cousin, Jean-Gabriel, 2011. "Do financial markets care about SRI? Evidence from mergers and acquisitions," Journal of Banking & Finance, Elsevier, vol. 35(7), pages 1753-1761, July.
    75. Marina Martynova & Luc Renneboog, 2011. "The Performance of the European Market for Corporate Control: Evidence from the Fifth Takeover Wave," European Financial Management, European Financial Management Association, vol. 17(2), pages 208-259, March.
    76. Hyeongjik Lee & Seongcheol Kim & Changi Nam & Seung Hun Han, 2008. "Earnings Management of Acquiring Firms in Stock-for-Stock Takeovers in the Telecommunications Industry," Journal of Media Economics, Taylor & Francis Journals, vol. 21(4), pages 217-233.
    77. Humphery-Jenner, M., 2011. "High Frequency Trading, Information, and Takeovers," Other publications TiSEM 30aa1477-0fb2-46ed-a5eb-f, Tilburg University, School of Economics and Management.
    78. José Manuel Campa, 2006. "Corporate restructuring and M&A activity," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(01), pages 17-21, April.
    79. Huh, Kwang-Sook, 2015. "The performances of acquired firms in the steel industry: Do financial institutions cause bubbles?," The Quarterly Review of Economics and Finance, Elsevier, vol. 58(C), pages 143-153.
    80. Jensen-Vinstrup, Mathias & Rigamonti, Damiana & Wulff, Jesper, 2018. "European cross-border acquisitions: Long-run stock returns and firm characteristics," Journal of Multinational Financial Management, Elsevier, vol. 47, pages 31-45.
    81. Veronika Vinogradova, 2018. "Value creation through external growth strategy: the architecture of successful performance," Review of Quantitative Finance and Accounting, Springer, vol. 51(3), pages 847-882, October.
    82. Johannes Kolb, 2019. "Do investment banks create value for their clients? Empirical evidence from European acquisitions," European Financial Management, European Financial Management Association, vol. 25(1), pages 80-115, January.
    83. Alcalde, Nuria & Powell, Ronan, 2022. "Government intervention in European mergers and acquisitions," The North American Journal of Economics and Finance, Elsevier, vol. 61(C).
    84. Dong, Liping & Uchida, Konari & Hou, Xiaohong, 2020. "Are future capital gain opportunities important in the market for corporate control? Evidence from China," Journal of Corporate Finance, Elsevier, vol. 63(C).
    85. Humphery-Jenner, M., 2011. "High Frequency Trading, Information, and Takeovers," Other publications TiSEM 0e6dd147-6f57-4f32-b265-f, Tilburg University, School of Economics and Management.
    86. Tomasz P. Bednarczyk & Dirk Schiereck & Hardrik N. Walter, 2010. "Cross-border acquisitions and shareholder wealth: Evidence from the energy and industry in Central and Eastern Europe," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 106-127.
    87. Kohli, Reena & Mann, Bikram Jit Singh, 2012. "Analyzing determinants of value creation in domestic and cross border acquisitions in India," International Business Review, Elsevier, vol. 21(6), pages 998-1016.
    88. Lina M. Cortés & John J. García & David Agudelo, 2015. "Effects of Mergers and Acquisitions on Shareholder Wealth: Event Study for Latin American Airlines," Documentos de Trabajo de Valor Público 12453, Universidad EAFIT.
    89. Feito-Ruiz, Isabel & Menéndez-Requejo, Susana, 2011. "Cross-border Mergers and Acquisitions in different legal environments," International Review of Law and Economics, Elsevier, vol. 31(3), pages 169-187, September.
    90. Gregory, Alan & O'Donohoe, Sheila, 2014. "Do cross border and domestic acquisitions differ? Evidence from the acquisition of UK targets," International Review of Financial Analysis, Elsevier, vol. 31(C), pages 61-69.
    91. Szilagyi, P.G., 2007. "Corporate governance and the agency costs of debt and outside equity," Other publications TiSEM 9520d40a-224f-43a8-9bf9-b, Tilburg University, School of Economics and Management.
    92. Hoang Long Pham, 2014. "Cross-Border Mergers & Acquisitions Performance Measurement [Metody měření výkonnosti/efektivnosti přeshraničních fúzí a akvizic]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2014(3), pages 122-131.

  22. Ignacio Hernando & Carmen Martínez-Carrascal, 2003. "The impact of financial variables on firms' real decisions: evidence from Spanish firm-level data," Working Papers 0319, Banco de España.

    Cited by:

    1. David Cornille & François Rycx & Ilan Tojerow, 2018. "Heterogeneous Effects of Credit Constraints on SMEs’ Employment: Evidence from the Great Recession," Working Papers CEB 18-003, ULB -- Universite Libre de Bruxelles.
    2. Fátima Herranz González & Carmen Martínez-Carrascal, 2017. "The impact of firms’ financial position on fixed investment and employment. An analysis for Spain," Working Papers 1714, Banco de España.
    3. Carmen Martínez-Carrascal & Annalisa Ferrando, 2008. "The impact of financial position on investment: an analysis for non-financial corporations in the euro area," Working Papers 0820, Banco de España.
    4. Catherine Fuss & Ladislav Wintr, 2012. "Rigid Wages and Flexible Employment ?Contrasting Responses to Firm-Level and Sector-Level Productivity Developments," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 55(3), pages 241-268.
    5. Rodríguez-Pose, Andrés & Ganau, Roberto & Maslauskaite, Kristina & Brezzi, Monica, 2020. "Credit constraints, labor productivity and the role of regional institutions: evidence for manufacturing firms in Europe," LSE Research Online Documents on Economics 107500, London School of Economics and Political Science, LSE Library.
    6. Ganau, Roberto & Rodríguez-Pose, Andrés, 2022. "Credit constraints in European SMEs: does regional institutional quality matter?," LSE Research Online Documents on Economics 112487, London School of Economics and Political Science, LSE Library.
    7. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
    8. Stéphane Dees & Stefan Gebauer & Thomas Goncalves & Camille Thubin, 2022. "The Financing Structure of NonFinancial Corporations and MacroFinancial Implications in France," Working papers 880, Banque de France.
    9. Driver, Ciaran & Muñoz-Bugarin, Jair, 2019. "Financial constraints on investment: Effects of firm size and the financial crisis," Research in International Business and Finance, Elsevier, vol. 47(C), pages 441-457.
    10. Gebauer, Stefan & Setzer, Ralph & Westphal, Andreas, 2018. "Corporate debt and investment: A firm-level analysis for stressed euro area countries," Journal of International Money and Finance, Elsevier, vol. 86(C), pages 112-130.
    11. José Manuel Marqués & Fernando Nieto & Ana del Río, 2005. "Una aproximación a los determinantes de la financiación de las sociedades no financieras en España," Working Papers 0535, Banco de España.
    12. Natalia Nehrebecka & Maria Jarosz, 2012. "Wpływ sytuacji finansowej polskich przedsiębiorstw na inwestycje w kapitał trwały," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 15-38.
    13. Lenarčič, Črt & Papadopoulos, Georgios, 2020. "Determinants of firm investment: Evidence from Slovenian firm-level data," MPRA Paper 100478, University Library of Munich, Germany.
    14. Chiara Coluzzi & Annalisa Ferrando & Carmen Martínez-Carrascal, 2009. "Financing obstacles and growth: An analysis for euro area non-financial corporations," Working Papers 0836, Banco de España.
    15. Molinari, Massimo, 2013. "Joint analysis of the non-linear debt–growth nexus and cash-flow sensitivity: New evidence from Italy," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 34-44.
    16. Petra Gerlach-Kristen & Brian O'Connell & Conor O'Toole, 2015. "Do Credit Constraints Affect SME Investment and Employment?," The Economic and Social Review, Economic and Social Studies, vol. 46(1), pages 51-86.
    17. David Cornille & François Rycx & Ilan Tojerow, 2019. "Heterogeneous effects of credit constraints on SMEs’ employment: Evidence from the European sovereign debt crisis," ULB Institutional Repository 2013/284944, ULB -- Universite Libre de Bruxelles.
    18. Gebauer, Stefan & Setzer, Ralph & Westphal, Andreas, 2017. "Corporate debt and investment: a firm analysis for stressed euro area countries," Working Paper Series 2101, European Central Bank.
    19. Roberto Antonietti & Giulio Cainelli & Monica Ferrari & Stefania Tomasini, 2015. "Banks, related variety and firms’ investments," Letters in Spatial and Resource Sciences, Springer, vol. 8(1), pages 89-99, March.
    20. Peter Egger & Christian Keuschnigg, 2009. "Corporate Finance and Comparative Advantage," University of St. Gallen Department of Economics working paper series 2009 2009-04, Department of Economics, University of St. Gallen.
    21. Cornille, David & Rycx, François & Tojerow, Ilan, 2017. "The employment consequences of SMEs’ credit constraints in the wake of the Great Recession," Working Paper Series 2117, European Central Bank.
    22. Pilar Beneito & María E. Rochina-Barrachina & Amparo Sanchis, 2013. "Ownership and cyclicality of firms’ R&D investment," Working Papers 1306, Department of Applied Economics II, Universidad de Valencia.
    23. Paloma L�pez-Garc�a & Jos� Manuel Montero & Enrique Moral-Benito, 2013. "Business Cycles and Investment in Productivity-Enhancing Activities: Evidence from Spanish Firms," Industry and Innovation, Taylor & Francis Journals, vol. 20(7), pages 611-636, October.
    24. Roberto Antonietti & Giulio Cainelli & Monica Ferrari & Stefania Tomasini, 2014. "Banks, industrial relatedness and firms’ investments," Papers in Evolutionary Economic Geography (PEEG) 1402, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jan 2014.
    25. Paloma López-García & José Manuel Montero & Enrique Moral-Benito, 2012. "Business cycles and investment in intangibles: evidence from Spanish firms," Working Papers 1219, Banco de España.
    26. Ricardo Gimeno & Carmen Martínez-Carrascal, 2006. "The interaction between house prices and loans for house purchase. The Spanish case," Working Papers 0605, Banco de España.

  23. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Philip Vermeulen & Ulf von Kalckreuth, 2003. "New Findings on Firm Investment and Monetary Policy Transmission in the Euro Area," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119490, HAL.

    Cited by:

    1. Joanna Stawska & Katarzyna Miszczyńska, 2017. "The Impact of the European Central Bank’s Interest Rates on Investments in the Euro Area," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 51-72.
    2. Eickmeier Sandra & Worms Andreas & Hofmann Boris, 2009. "Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area," German Economic Review, De Gruyter, vol. 10(2), pages 193-223, May.
    3. Oliver Hülsewig & Eric Mayer & Timo Wollmershäuser, 2005. "Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment Based on Matching Impulse Responses," ifo Working Paper Series No.14, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Alessandra Guariglia, 2007. "Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms," Discussion Papers 07/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    5. Prayagsing Chakeel Coomar & Jankee Kheswar, 2016. "Internal Financial Markets and Corporate Investment Strategies in Africa — A Case Study of Mauritius," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 8(1), pages 007-020, June.
    6. Philippe Askenazy & Christophe Cahn & Delphine Irac, 2008. "Competition, R&D and the cost of innovation," Working Papers halshs-00586690, HAL.
    7. I. Arnold & C.J.M. Kool & K. Raabe, 2011. "Industry Effects of Bank Lending in Germany," Working Papers 11-21, Utrecht School of Economics.
    8. Emanuel Kohlscheen & Ken Miyajima, 2015. "The transmission of monetary policy in EMEs in a changing financial environment: a longitudinal analysis," BIS Working Papers 495, Bank for International Settlements.
    9. Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
    10. von Kalckreuth, Ulf, 2000. "Exploring the role of uncertainty for corporate investment decisions in Germany," Discussion Paper Series 1: Economic Studies 2000,05, Deutsche Bundesbank.
    11. Maria Teresa VALDERRAMA & Sylvia KAUFMANN, 2010. "Modeling Credit Aggregates," EcoMod2004 330600146, EcoMod.
    12. Eleni Iliopulos & Thepthida Sopraseuth, 2011. "L'intermédiation financière dans l'analyse macroéconomique : Le défi de la crise," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00613188, HAL.
    13. Abdul Karim, Zulkefly, 2010. "Monetary policy and firms’ investment: Dynamic panel data evidence from Malaysia," MPRA Paper 23962, University Library of Munich, Germany, revised 15 May 2010.
    14. Haan, Leo de & Sterken, Elmer, 2002. "Corporate governance, relationship lending and monetary lending monetary policy: firm-level evidence for the Euro area," CCSO Working Papers 200212, University of Groningen, CCSO Centre for Economic Research.
    15. Antoine Mandel & Vipin P Veetil, 2019. "Monetary Dynamics in a Network Economy," Post-Print halshs-02354576, HAL.
    16. Gianni La Cava, 2005. "Financial Constraints, the User Cost of Capital and Corporate Investment in Australia," RBA Research Discussion Papers rdp2005-12, Reserve Bank of Australia.
    17. Guariglia, Alessandra & Robert E Carpenter, 2003. "Cash flow, investment, and investment opportunities: New tests using UK panel data," Royal Economic Society Annual Conference 2003 94, Royal Economic Society.
    18. Calza Alessandro & Sousa João, 2006. "Output and Inflation Responses to Credit Shocks: Are There Threshold Effects in the Euro Area?," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 10(2), pages 1-21, May.
    19. Mariya A. Shchepeleva, 2020. "Modeling the Balance Sheet Channel of Monetary Transmission in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 39-56, April.
    20. Nam Hoai Tran & Chi Dat Le, 2017. "Financial conditions and corporate investment: evidence from Vietnam," Pacific Accounting Review, Emerald Group Publishing Limited, vol. 29(2), pages 183-203, April.
    21. Akarım, Yasemin Deniz, 2013. "The impact of financial factors on export decisions: The evidence from Turkey," Economic Modelling, Elsevier, vol. 35(C), pages 305-308.
    22. Greenaway, David & Guariglia, Alessandra & Kneller, Richard, 2007. "Financial factors and exporting decisions," Journal of International Economics, Elsevier, vol. 73(2), pages 377-395, November.
    23. Bukalska Elżbieta & Skibińska-Fabrowska Ilona, 2023. "Corporate Investment in Bank-Dependent Companies in Crisis Time," Central European Economic Journal, Sciendo, vol. 10(57), pages 1-22, January.
    24. Zulkhibri, 2013. "Corporate Investment Behaviour and Monetary Policy: Evidence from Firm-level Data for Malaysia," Global Economic Review, Taylor & Francis Journals, vol. 42(3), pages 269-290, September.
    25. Christian Bordes & Laurent Clerc, 2007. "Price Stability And The Ecb'S Monetary Policy Strategy," Journal of Economic Surveys, Wiley Blackwell, vol. 21(2), pages 268-326, April.
    26. Raabe, K. & Arnold, I.J.M. & Kool, C.J.M., 2006. "Industries and the bank lending effects of bank credit demand and monetary policy in Germany," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    27. Gaston A. Giordana & Ingmar Schumacher, 2013. "Bank liquidity risk and monetary policy. Empirical evidence on the impact of Basel III liquidity standards," International Review of Applied Economics, Taylor & Francis Journals, vol. 27(5), pages 633-655, September.
    28. Auer, Simone, 2019. "Monetary policy shocks and foreign investment income: Evidence from a large Bayesian VAR," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 142-166.
    29. Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2017. "‘In the Short Run Blasé, in the Long Run Risqué’. On the Effects of Monetary Policy on Bank Credit Risk-Taking in the Short versus Long Run," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(3), pages 181-226.
    30. Jean-Bernard Chatelain & Andre Tiomo, 2003. "Monetary Policy and Corporate Investment in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00112523, HAL.
    31. Jean Christine A. Armas, 2021. "Is the Bank Lending Channel of Monetary Policy Evident in the Philippines? A Dynamic Panel Data Approach," Asian Economic Journal, East Asian Economic Association, vol. 35(3), pages 246-269, September.
    32. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    33. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the Short Run Blasé, In the Long Run Risqué”," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 181-226, August.
    34. Ratti, Ronald A. & Lee, Sunglyong & Seol, Youn, 2008. "Bank concentration and financial constraints on firm-level investment in Europe," Journal of Banking & Finance, Elsevier, vol. 32(12), pages 2684-2694, December.
    35. Nobuo Inaba & Takashi Kozu & Toshitaka Sekine & Takashi Nagahata, 2005. "Non-performing loans and the real economy: Japan’s experience," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 106-27, Bank for International Settlements.
    36. Santiago Carbó Valverde & Rafael López Del Paso, 2010. "Does The Development Of Non‐Cash Payments Affect Bank Lending?," Manchester School, University of Manchester, vol. 78(5), pages 412-436, September.
    37. Parul Bhardwaj & Abhishek Kumar, 2019. "Determinants of firm-level investment in India: Does size matter?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-016, Indira Gandhi Institute of Development Research, Mumbai, India.
    38. Long, Shaobo & Pei, Hongxia & Tian, Hao & Li, Fangfang, 2021. "Asymmetric impacts of economic policy uncertainty, capital cost, and raw material cost on China’s investment," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 129-144.
    39. Greg Hannsgen, 2004. "The Transmission Mechanism of Monetary Policy: A Critical Review," Economics Working Paper Archive wp_412, Levy Economics Institute.
    40. Sylvia Kaufmann & Maria Teresa Valderrama, 2008. "Bank lending in Germany and the UK: are there differences between a bank-based and a market-based country?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 13(3), pages 266-279.
    41. Ola Melander & Maria Sandström & Erik Schedvin, 2017. "The effect of cash flow on investment: an empirical test of the balance sheet theory," Empirical Economics, Springer, vol. 53(2), pages 695-716, September.
    42. Nadja Dwenger, 2014. "User Cost Elasticity of Capital Revisited," Economica, London School of Economics and Political Science, vol. 81(321), pages 161-186, January.
    43. Hendricks, Torben W. & Kempa, Bernd, 2009. "The credit channel in U.S. economic history," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 58-68.
    44. Santiago Carbó Valverde & Rafael López del Paso, 2005. "Do non-financial firms react to monetary policy actions as banks do?," ThE Papers 05/03, Department of Economic Theory and Economic History of the University of Granada..
    45. Bojan Markovic, 2006. "Bank capital channels in the monetary transmission mechanism," Bank of England working papers 313, Bank of England.

  24. Andrew Benito & Ignacio Hernando, 2003. "Labour demand, flexible contracts and financial factors: new evidence from Spain," Working Papers 0312, Banco de España.

    Cited by:

    1. cipollone piero & Anita Guelfi, 2006. "The value of flexible contracts; evidence from an italian panel of industrial firms," Temi di discussione (Economic working papers) 583, Bank of Italy, Economic Research and International Relations Area.
    2. Dorothea Schäfer & Susan Steiner, 2014. "Financial Development and Employment: Evidence from Transition Countries," Discussion Papers of DIW Berlin 1390, DIW Berlin, German Institute for Economic Research.
    3. Donatella Gatti & Christophe Rault & Anne-Gaël Vaubourg, 2012. "Unemployment and finance: how do financial and labour market factors interact?," PSE-Ecole d'économie de Paris (Postprint) halshs-00846633, HAL.
    4. Andrea Caggese & Vicente Cuñat, 2008. "Financing Constraints and Fixed‐term Employment Contracts," Economic Journal, Royal Economic Society, vol. 118(533), pages 2013-2046, November.
    5. Ana P. Fernandes & Priscila Ferreira, 2015. "Financing Constraints and Fixed-term Employment Contracts: Evidence from the 2008-2009 Financial Crisis," NIMA Working Papers 58, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.

  25. Ignacio Hernando & Soledad Núñez, 2002. "The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data," Working Papers 0203, Banco de España.

    Cited by:

    1. Ignacio Hernando & Soledad Núñez, 2002. "The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data," Working Papers 0203, Banco de España.
    2. Samoilenko, Sergey & Osei-Bryson, Kweku-Muata, 2008. "An exploration of the effects of the interaction between ICT and labor force on economic growth in transition economies," International Journal of Production Economics, Elsevier, vol. 115(2), pages 471-481, October.
    3. Diego Martínez López & Jesús Rodríguez López, 2006. "The role of new technologies in the economic growth of Andalucia," Economic Working Papers at Centro de Estudios Andaluces E2006/19, Centro de Estudios Andaluces.
    4. R.M. Mahboub, 2018. "The Impact of Information and Communication Technology Investments on the Performance of Lebanese Banks," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 435-458.
    5. Jesús Rodríguez López & Diego Martínez López, 2006. "New technologies and economic growth: a regional approach. The case of Andalucia," Working Papers 06.27, Universidad Pablo de Olavide, Department of Economics.

  26. José Manuel Campa & Ignacio Hernando, 2002. "Value creation in European M&As," Working Papers 0223, Banco de España.

    Cited by:

    1. Brian Diepold & Robert Feinberg & David Round & Jeremy Tustin, 2008. "Merger Impacts on Investor Expectations: An Event Study for Australia," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 15(1), pages 45-62.
    2. Ralf Bebenroth & Pao-Lien Chen, 2018. "Cherry Picking versus Lemon Grabbing: Target Selection of Cross-Border and Domestic Acquisitions in Japan," Discussion Paper Series DP2018-13, Research Institute for Economics & Business Administration, Kobe University.
    3. Dean Amel & Colleen Barnes & Fabio Panetta & Carmelo Salleo, 2002. "Consolidation and efficiency in the financial sector: a review of the international evidence," Temi di discussione (Economic working papers) 464, Bank of Italy, Economic Research and International Relations Area.
    4. Ari Warokka & Juan Jose Duran Herrera, 2011. "Does Corporate Control Transactions’ Type and Focus really Create Value? Evidence from an Emerging Market," Journal of Economics and Behavioral Studies, AMH International, vol. 3(3), pages 213-223.

  27. Ignacio Hernando & André Tiomo, 2002. "Financial constraints and investment in France and Spain: a comparison using firm level data," Working Papers 0214, Banco de España.

    Cited by:

    1. Catalina Delgado González, 2004. "Inversión y restricciones crediticias en Colombia en la década de los noventa," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 22(47), pages 8-55, December.
    2. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Philip Vermeulen & Ulf von Kalckreuth, 2003. "New Findings on Firm Investment and Monetary Policy Transmission in the Euro Area," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119490, HAL.
    3. Marie Diron & Maria Cruz Manzano & Thomas Westermann, 2005. "Forecasting aggregate investment in the euro area: do indicators of financial conditions help?," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 206-27, Bank for International Settlements.
    4. Escribá, F. Javier & Murgui, Ma. José, 2009. "Government policy and industrial investment determinants in Spanish regions," Regional Science and Urban Economics, Elsevier, vol. 39(4), pages 479-488, July.

  28. Andrew Benito & Ignacio Hernando, 2002. "Extricate: Financial Pressure and Firm Behaviour in Spain," Working Papers 0227, Banco de España.

    Cited by:

    1. Arturo Galindo & Alejandro Izquierdo & José M. Montero, 2006. "Real exchange rates, dollarization and industrial employment in Latin America," Working Papers 0601, Banco de España.
    2. Andrew Benito, 2003. "The capital structure decisions of firms: is there a pecking order?," Working Papers 0310, Banco de España.
    3. Ignacio Hernando & Carmen Martínez-Carrascal, 2003. "The impact of financial variables on firms' real decisions: evidence from Spanish firm-level data," Working Papers 0319, Banco de España.
    4. Paloma L�pez-Garc�a & Jos� Manuel Montero & Enrique Moral-Benito, 2013. "Business Cycles and Investment in Productivity-Enhancing Activities: Evidence from Spanish Firms," Industry and Innovation, Taylor & Francis Journals, vol. 20(7), pages 611-636, October.
    5. Paloma López-García & José Manuel Montero & Enrique Moral-Benito, 2012. "Business cycles and investment in intangibles: evidence from Spanish firms," Working Papers 1219, Banco de España.

  29. J. B. Chatelain & Andrea Generale & I. Hernando & U. von Kalckreuth & P. Vermeulen, 2001. "Firm investment and monetary transmission in the euro area," Temi di discussione (Economic working papers) 431, Bank of Italy, Economic Research and International Relations Area.

    Cited by:

    1. Alessandra Guariglia, 2007. "Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms," Discussion Papers 07/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    2. Arslan Majeed & Shahid Mansoor Hashmi & Romila Qamar, 2017. "Monetary Policy Transmission and Firms’ Investment: Evidence From the Manufacturing Sector of Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(66), pages 2-34, December.
    3. Jean-Bernard Chatelain, 2003. "Structural Modelling of Financial Constraints on Investment: Where Do We Stand?," Post-Print halshs-00112522, HAL.
    4. Karamé, Frédéric & Patureau, Lise & Sopraseuth, Thepthida, 2008. "Limited participation and exchange rate dynamics: Does theory meet the data?," Journal of Economic Dynamics and Control, Elsevier, vol. 32(4), pages 1041-1087, April.
    5. von Kalckreuth, Ulf, 2000. "Exploring the role of uncertainty for corporate investment decisions in Germany," Discussion Paper Series 1: Economic Studies 2000,05, Deutsche Bundesbank.
    6. Maria Teresa VALDERRAMA & Sylvia KAUFMANN, 2010. "Modeling Credit Aggregates," EcoMod2004 330600146, EcoMod.
    7. Claudia M. Buch & Alexander Lipponer, 2005. "Business Cycles and FDI: Evidence from German Sectoral Data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(4), pages 732-759, December.
    8. Towa Tachibana & Sekine & Toshitaka, 2004. "Land Investment by Japanese Firms during and after the Bubble Period," Econometric Society 2004 Far Eastern Meetings 631, Econometric Society.
    9. Nagahata, Takashi & Sekine, Toshitaka, 2005. "Firm investment, monetary transmission and balance-sheet problems in Japan: an investigation using micro data," Japan and the World Economy, Elsevier, vol. 17(3), pages 345-369, August.
    10. Haan, Leo de & Sterken, Elmer, 2002. "Corporate governance, relationship lending and monetary lending monetary policy: firm-level evidence for the Euro area," CCSO Working Papers 200212, University of Groningen, CCSO Centre for Economic Research.
    11. Mojon, Benoît & Peersman, Gert, 2001. "A VAR description of the effects of monetary policy in the individual countries of the euro area," Working Paper Series 92, European Central Bank.
    12. Ulf von Kalckreuth, 2005. "Financial constraints and real activity: a non-structural approach using UK survey data," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 64-80, Bank for International Settlements.
    13. Ulf von Kalckreuth & Emma Murphy, 2005. "Financial constraints and capacity adjustment in the United Kingdom: evidence from a large panel of survey data," Bank of England working papers 260, Bank of England.
    14. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Philip Vermeulen & Ulf von Kalckreuth, 2003. "New Findings on Firm Investment and Monetary Policy Transmission in the Euro Area," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119490, HAL.
    15. Andrew Benito, 2002. "Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms," Working Papers 0226, Banco de España.
    16. Calza, Alessandro & Sousa, João, 2005. "Output and inflation responses to credit shocks: are there threshold effects in the euro area?," Working Paper Series 481, European Central Bank.
    17. Zulkhibri, 2013. "Corporate Investment Behaviour and Monetary Policy: Evidence from Firm-level Data for Malaysia," Global Economic Review, Taylor & Francis Journals, vol. 42(3), pages 269-290, September.
    18. Jean-Bernard Chatelain & Andrea Generale & Philip Vermeulen & Michael Ehrmann & Jorge Martínez-Pagés & Andreas Worms, 2003. "Monetary policy transmission in the euro area: New evidence from micro data on firms and banks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119489, HAL.
    19. Raabe, K. & Arnold, I.J.M. & Kool, C.J.M., 2006. "Industries and the bank lending effects of bank credit demand and monetary policy in Germany," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    20. Chatelain, Jean-Bernard & Tiomo, André, 2001. "Investment, the cost of capital, and monetary policy in the nineties in France: a panel data investigation," Working Paper Series 106, European Central Bank.
    21. Natalia Nehrebecka & Maria Jarosz, 2012. "Wpływ sytuacji finansowej polskich przedsiębiorstw na inwestycje w kapitał trwały," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 15-38.
    22. Auer, Simone, 2019. "Monetary policy shocks and foreign investment income: Evidence from a large Bayesian VAR," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 142-166.
    23. Jean-Bernard Chatelain & Andre Tiomo, 2003. "Monetary Policy and Corporate Investment in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00112523, HAL.
    24. Monteforte, Libero, 2007. "Aggregation bias in macro models: Does it matter for the euro area?," Economic Modelling, Elsevier, vol. 24(2), pages 236-261, March.
    25. Anton, Roman, 2015. "Monetary Development and Transmission in the Eurosystem," MPRA Paper 67323, University Library of Munich, Germany, revised 08 Oct 2015.
    26. Walch, Florian & Dwenger, Nadja, 2011. "Tax Losses and Firm Investment: Evidence from Tax Statistics," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48699, Verein für Socialpolitik / German Economic Association.
    27. Marcelo Bianconi & Joe Akira Yoshino, 2015. "Firm value, investment and monetary policy," International Journal of Accounting and Finance, Inderscience Enterprises Ltd, vol. 5(3), pages 262-289.
    28. Balázs Égert & Ronald MacDonald, 2009. "Monetary Transmission Mechanism In Central And Eastern Europe: Surveying The Surveyable," Journal of Economic Surveys, Wiley Blackwell, vol. 23(2), pages 277-327, April.
    29. Putkuri, Hanna, 2003. "Cross-country asymmetries in euro area monetary transmission: The role of national financial systems," Bank of Finland Research Discussion Papers 15/2003, Bank of Finland.
    30. Fabrizio Coricelli & Balázs Égert & Ronald MacDonald, 2006. "Monetary Transmission in Central and Eastern Europe: Gliding on a Wind of Change," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 44-87.
    31. Ferrando, Annalisa & Pál, Rozália, 2006. "Financing constraints and firms' cash policy in the euro area," Working Paper Series 642, European Central Bank.
    32. Nobuo Inaba & Takashi Kozu & Toshitaka Sekine & Takashi Nagahata, 2005. "Non-performing loans and the real economy: Japan’s experience," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 106-27, Bank for International Settlements.
    33. Toshitaka Sekine & Towa Tachibana, 2007. "Land as Production Input and Collateral: Land Investment by Japanese Firms," The Journal of Real Estate Finance and Economics, Springer, vol. 35(4), pages 497-526, November.
    34. Balazs Egert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable," CESifo Working Paper Series 1739, CESifo.
    35. Jean-Bernard Chatelain & Andre Tiomo, 2002. "Investment and the Cost of Capital in the Nineties in France: A Panel Data Investigation," Post-Print halshs-00112540, HAL.
    36. Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele & Backé, Peter, 2002. "Monetary Transmission in the Euro Area : Where Do We Stand?," Working Paper Series 114, European Central Bank.
    37. Surach Tanboon & Suchot Piamchol & Tanawat Ruenbanterng & Paiboon Pongpaichet, 2009. "Impacts of Financial Factors on Thailand's Business Cycle Fluctuations," Working Papers 2009-01, Monetary Policy Group, Bank of Thailand.
    38. Sylvia Kaufmann & Maria Teresa Valderrama, 2008. "Bank lending in Germany and the UK: are there differences between a bank-based and a market-based country?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 13(3), pages 266-279.
    39. Fabrizio Coricelli & Bal??zs ??gert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change," William Davidson Institute Working Papers Series wp850, William Davidson Institute at the University of Michigan.
    40. Silvia Magri, 2002. "Italian households' debt: determinants of demand and supply," Temi di discussione (Economic working papers) 454, Bank of Italy, Economic Research and International Relations Area.
    41. Coricelli, Fabrizio & Égert, Balázs & MacDonald, Ronald, 2006. "Monetary transmission mechanism in Central and Eastern Europe: gliding on a wind of change," BOFIT Discussion Papers 8/2006, Bank of Finland Institute for Emerging Economies (BOFIT).
    42. Santiago Carbó Valverde & Rafael López del Paso, 2009. "Bank-lending channel and non-financial firms: evidence for Spain," Spanish Economic Review, Springer;Spanish Economic Association, vol. 11(2), pages 125-140, June.
    43. Ignacio Hernando & André Tiomo, 2002. "Financial constraints and investment in France and Spain: a comparison using firm level data," Working Papers 0214, Banco de España.
    44. Hanna Putkuri, 2004. "Cross-country asymmetries in euro area monetary transmission: the role of national financial systems," Macroeconomics 0404037, University Library of Munich, Germany.
    45. Harald Oberhofer & Christian Glocker & Werner Hölzl & Peter Huber & Serguei Kaniovski & Klaus Nowotny & Michael Pfaffermayr & Monique Ebell & Nikolaos Kontogiannis, 2016. "Single Market Transmission Mechanisms Before, During and After the 2008-09 Crisis. A Quantitative Assessment," WIFO Studies, WIFO, number 59156, January.
    46. Hyun-Euy Kim, 2007. "The Interest Rate Channel of Monetary Transmission under Low Inflation in Korea (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 13(1), pages 1-56, March.
    47. Mathias Zurlinden, 2005. "Credit in the monetary transmission mechanism: An overview of some recent research using Swiss data," Economic Studies 2005-01, Swiss National Bank.
    48. Otmar Issing, 2011. "Lessons for monetary policy: what should the consensus be?," Globalization Institute Working Papers 81, Federal Reserve Bank of Dallas.
    49. Takashi Nagahata & Toshitaka Sekine, 2002. "The Effects of Monetary Policy on Firm Investment after the Collapse of the Asset Price Bubble: An Investigation Using Japanese Micro Data," Bank of Japan Working Paper Series Research and Statistics D, Bank of Japan.
    50. Santiago Carbó Valverde & Rafael López del Paso, 2005. "Do non-financial firms react to monetary policy actions as banks do?," ThE Papers 05/03, Department of Economic Theory and Economic History of the University of Granada..

  30. Ignacio Hernando & Jorge Martínez Pagés, 2001. "Is There a Bank Lending Channel of Monetary Policy in Spain?," Working Papers 0117, Banco de España.

    Cited by:

    1. Zafer Adali & Bilgin Bari, 2017. "Monetary Policy And Bank Lending Chanel in Turkey," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 6(2), pages 24-36, April.
    2. Gunji, Hiroshi & Miura, Kazuki & Yuan, Yuan, 2009. "Bank competition and monetary policy," Japan and the World Economy, Elsevier, vol. 21(1), pages 105-115, January.
    3. Gupta, Abhay, 2004. "Comparing Bank Lending Channel in India and Pakistan," MPRA Paper 9281, University Library of Munich, Germany.
    4. Rodrigo Alfaro & Helmut Franken & Carlos García & Alejandro Jara, 2003. "Bank Lending Channel and the Monetary Transmission Mechanism: the Case of Chile," Working Papers Central Bank of Chile 223, Central Bank of Chile.
    5. Árvai, Zsófia, 2002. "A banki közvetítés mélysége [The depth of bank mediation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 621-640.
    6. Grandi, Pietro, 2019. "Sovereign stress and heterogeneous monetary transmission to bank lending in the euro area," European Economic Review, Elsevier, vol. 119(C), pages 251-273.
    7. Pietro Grandi, 2018. "Sovereign risk and cross-country heterogeneity in the transmission of monetary policy to bank lending in the euro area," Working Papers hal-01878602, HAL.
    8. Kaufmann, Sylvia, 2001. "Asymmetries in bank lending behaviour. Austria during the 1990s," Working Paper Series 97, European Central Bank.
    9. Stefanos Papadamou & Vaggelis Arvanitis & Costas Siriopoulos, 2014. "A Bank Lending Channel that is Working via Housing or via Consumer Loans? Evidence from Europe," Bulletin of Applied Economics, Risk Market Journals, vol. 1(1), pages 15-34.
    10. Rodrigo Alfaro & Helmut Franken & Carlos García & Alejandro Jara, 2004. "The Bank Lending Channel in Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Antonio Ahumada & J. Rodrigo Fuentes & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.),Banking Market Structure and Monetary Policy, edition 1, volume 7, chapter 4, pages 121-146, Central Bank of Chile.
    11. Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2014. "Hazardous times for monetary policy: what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 82(2), pages 463-505.
    12. Prao Yao Séraphin & Anzara Xavier Fabrice Méa, 2024. "Bank Credit Channel of Monetary Policy in the UEMOA Zone: A TVP-VAR Approach," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 16(1), pages 1-73, January.
    13. Andrew Benito, 2002. "Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms," Working Papers 0226, Banco de España.
    14. Kim-Leng Goh & Sook-Lu Yong, 2007. "Bank lending and monetary policy: the effects of structural shift in interest rates," Economics Bulletin, AccessEcon, vol. 5(5), pages 1-14.
    15. Nicholas Apergis & Stephen M. Miller & Effrosyni Alevizopoulou, 2012. "The Bank Lending Channel and Monetary Policy Rules for European Banks: Further Extensions," Working papers 2012-10, University of Connecticut, Department of Economics.
    16. Jean-Bernard Chatelain & Andrea Generale & Philip Vermeulen & Michael Ehrmann & Jorge Martínez-Pagés & Andreas Worms, 2003. "Monetary policy transmission in the euro area: New evidence from micro data on firms and banks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119489, HAL.
    17. Javier Sánchez-Vidal & Juan Francisco Martín-Ugedo, 2011. "Are the implications of the financial growth cycle confirmed for Spanish SMEs?," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 13(4), pages 637-665, July.
    18. Nikolay Nenovsky & E. Peev & T. Yalamov, 2003. "Banks-Firms Nexus under the Currency Board: Empirical Evidence from Bulgaria," Post-Print halshs-00260046, HAL.
    19. Cihan Aktas & Bedri Kamil Onur Tas, 2007. "The Bank Lending Channel In Turkey: Effect of Capital Adequacy Ratio," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 1(1), pages 61-76.
    20. Chileshe, Patrick Mumbi, 2017. "Banking structure and the bank lending channel of monetary policy transmission: evidence from panel data methods," MPRA Paper 82757, University Library of Munich, Germany.
    21. Kim-Leng GOH & Chin-Sieng CHONG & Sook-Lu YONG, 2007. "Bank Lending Channel For Monetary Policy Transmission In Malaysia: An Ardl Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(2).
    22. Viladegut, Hugo & Cabello, Miguel, 2014. "El canal de crédito en el Perú: Una aproximación SVAR," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 27, pages 51-66.
    23. International Monetary Fund, 2011. "Impact of the Global Crisison Banking Sector Soundness in Asian Low-Income Countries," IMF Working Papers 2011/115, International Monetary Fund.
    24. Carrera, César, 2011. "El canal del crédito bancario en el Perú: Evidencia y mecanismo de transmisión," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 22, pages 63-82.
    25. Viviana Fernández, 2004. "The Credit Channel in an Emerging Economy," Documentos de Trabajo 175, Centro de Economía Aplicada, Universidad de Chile.
    26. Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele & Backé, Peter, 2002. "Monetary Transmission in the Euro Area : Where Do We Stand?," Working Paper Series 114, European Central Bank.
    27. Rahooja, Sabbah & Ali, Asif & Ahmed, Jameel & Hussain, Fayyaz & Rifat, Rizwana, 2014. "Monetary Policy and Bank Hetrogeneity: Effectiveness of Bank Lending Channel in Pakistan," MPRA Paper 60473, University Library of Munich, Germany.
    28. M. Lopreite, 2012. "Securitization and monetary transmission mechanism: evidence from italy (1999-2009)," Economics Department Working Papers 2012-EP04, Department of Economics, Parma University (Italy).
    29. Apergis, Nicholas & Christou, Christina, 2015. "The behaviour of the bank lending channel when interest rates approach the zero lower bound: Evidence from quantile regressions," Economic Modelling, Elsevier, vol. 49(C), pages 296-307.
    30. Ali Awdeh, 2017. "The Determinants of Credit Growth in Lebanon," International Business Research, Canadian Center of Science and Education, vol. 10(2), pages 9-19, February.
    31. Thai V. H. Nguyen & Agyenim Boateng & Tra Thi Thu Pham, 2019. "Involuntary excess reserve and heterogeneous transmission of policy rates to bank lending rates in China," Empirical Economics, Springer, vol. 57(3), pages 1023-1044, September.
    32. Nicholas Apergis & Effrosyni Alevizopoulou, 2012. "The Bank Lending Channel and Monetary Policy Rules: Evidence from European Banks," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(1), pages 1-14, February.
    33. Golodniuk, Inna, 2006. "Evidence on the bank-lending channel in Ukraine," Research in International Business and Finance, Elsevier, vol. 20(2), pages 180-199, June.
    34. Apergis Nicholas & Miller Stephen M. & Alevizopoulou Effrosyni, 2015. "The bank lending channel and monetary policy rules for Eurozone banks: further extensions," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(1), pages 93-112, January.
    35. Nguyen, Vu Hong Thai & Boateng, Agyenim, 2013. "The impact of excess reserves beyond precautionary levels on Bank Lending Channels in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 26(C), pages 358-377.

  31. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Ulf von Kalckreuth & Philip Vermeulen, 2001. "Firm Investment and Monetary Policy Transmission in the Euro Area," Working Papers 0119, Banco de España.

    Cited by:

    1. Joanna Stawska & Katarzyna Miszczyńska, 2017. "The Impact of the European Central Bank’s Interest Rates on Investments in the Euro Area," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 51-72.
    2. Patrick Lünnemann & Thomas Mathä, 2002. "Monetary transmission: empirical evidence from Luxembourg firm-level data," BCL working papers 5, Central Bank of Luxembourg.
    3. Eickmeier Sandra & Worms Andreas & Hofmann Boris, 2009. "Macroeconomic Fluctuations and Bank Lending: Evidence for Germany and the Euro Area," German Economic Review, De Gruyter, vol. 10(2), pages 193-223, May.
    4. Oliver Hülsewig & Eric Mayer & Timo Wollmershäuser, 2005. "Bank Loan Supply and Monetary Policy Transmission in Germany: An Assessment Based on Matching Impulse Responses," ifo Working Paper Series No.14, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    5. Alessandra Guariglia, 2007. "Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms," Discussion Papers 07/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    6. Arslan Majeed & Shahid Mansoor Hashmi & Romila Qamar, 2017. "Monetary Policy Transmission and Firms’ Investment: Evidence From the Manufacturing Sector of Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(66), pages 2-34, December.
    7. Antoine Naboulet & Sébastien Raspiller, 2006. "Déterminants de la décision d'investir et destination économique des équipements," Économie et Statistique, Programme National Persée, vol. 395(1), pages 141-163.
    8. Michał Gradzewicz, 2006. "Zachowania inwestycyjne przedsiębiorstw przetwórstwa przemysłowego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 31-55.
    9. Prayagsing Chakeel Coomar & Jankee Kheswar, 2016. "Internal Financial Markets and Corporate Investment Strategies in Africa — A Case Study of Mauritius," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 8(1), pages 007-020, June.
    10. Philippe Askenazy & Christophe Cahn & Delphine Irac, 2008. "Competition, R&D and the cost of innovation," Working Papers halshs-00586690, HAL.
    11. Carmen Martínez-Carrascal & Annalisa Ferrando, 2008. "The impact of financial position on investment: an analysis for non-financial corporations in the euro area," Working Papers 0820, Banco de España.
    12. Jean-Bernard Chatelain, 2003. "Structural Modelling of Financial Constraints on Investment: Where Do We Stand?," Post-Print halshs-00112522, HAL.
    13. Karamé, Frédéric & Patureau, Lise & Sopraseuth, Thepthida, 2008. "Limited participation and exchange rate dynamics: Does theory meet the data?," Journal of Economic Dynamics and Control, Elsevier, vol. 32(4), pages 1041-1087, April.
    14. I. Arnold & C.J.M. Kool & K. Raabe, 2011. "Industry Effects of Bank Lending in Germany," Working Papers 11-21, Utrecht School of Economics.
    15. Emanuel Kohlscheen & Ken Miyajima, 2015. "The transmission of monetary policy in EMEs in a changing financial environment: a longitudinal analysis," BIS Working Papers 495, Bank for International Settlements.
    16. Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
    17. von Kalckreuth, Ulf, 2000. "Exploring the role of uncertainty for corporate investment decisions in Germany," Discussion Paper Series 1: Economic Studies 2000,05, Deutsche Bundesbank.
    18. Maria Teresa VALDERRAMA & Sylvia KAUFMANN, 2010. "Modeling Credit Aggregates," EcoMod2004 330600146, EcoMod.
    19. Wang, Hongjian & Luo, Tianpei & Tian, Gary Gang & Yan, Huanmin, 2020. "How does bank ownership affect firm investment? Evidence from China," Journal of Banking & Finance, Elsevier, vol. 113(C).
    20. Eleni Iliopulos & Thepthida Sopraseuth, 2011. "L'intermédiation financière dans l'analyse macroéconomique : Le défi de la crise," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00613188, HAL.
    21. Claudia M. Buch & Alexander Lipponer, 2005. "Business Cycles and FDI: Evidence from German Sectoral Data," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 141(4), pages 732-759, December.
    22. Marco Grazzi & Nadia Jacoby & Tania Treibich, 2013. "Dynamics of Investment and Firm Performance: Comparative evidence from manufacturing industries," LEM Papers Series 2013/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    23. Towa Tachibana & Sekine & Toshitaka, 2004. "Land Investment by Japanese Firms during and after the Bubble Period," Econometric Society 2004 Far Eastern Meetings 631, Econometric Society.
    24. Ignazio Angeloni & Anil K. Kashyap & Benoit Mojon & Daniele Terlizzese, 2003. "Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?," NBER Working Papers 9984, National Bureau of Economic Research, Inc.
    25. Nagahata, Takashi & Sekine, Toshitaka, 2005. "Firm investment, monetary transmission and balance-sheet problems in Japan: an investigation using micro data," Japan and the World Economy, Elsevier, vol. 17(3), pages 345-369, August.
    26. Jean-Bernard Chatelain, 2002. "Structural modelling of investment and financial constraints: Where do we stand?," Working Paper Research 28, National Bank of Belgium.
    27. Haan, Leo de & Sterken, Elmer, 2002. "Corporate governance, relationship lending and monetary lending monetary policy: firm-level evidence for the Euro area," CCSO Working Papers 200212, University of Groningen, CCSO Centre for Economic Research.
    28. Antoine Mandel & Vipin P Veetil, 2019. "Monetary Dynamics in a Network Economy," Post-Print halshs-02354576, HAL.
    29. Ulf von Kalckreuth, 2005. "Financial constraints and real activity: a non-structural approach using UK survey data," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 64-80, Bank for International Settlements.
    30. J. B. Chatelain & Andrea Generale & I. Hernando & U. von Kalckreuth & P. Vermeulen, 2001. "Firm investment and monetary transmission in the euro area," Temi di discussione (Economic working papers) 431, Bank of Italy, Economic Research and International Relations Area.
    31. Guariglia, Alessandra & Robert E Carpenter, 2003. "Cash flow, investment, and investment opportunities: New tests using UK panel data," Royal Economic Society Annual Conference 2003 94, Royal Economic Society.
    32. Calza Alessandro & Sousa João, 2006. "Output and Inflation Responses to Credit Shocks: Are There Threshold Effects in the Euro Area?," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 10(2), pages 1-21, May.
    33. Mariya A. Shchepeleva, 2020. "Modeling the Balance Sheet Channel of Monetary Transmission in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 39-56, April.
    34. Akarım, Yasemin Deniz, 2013. "The impact of financial factors on export decisions: The evidence from Turkey," Economic Modelling, Elsevier, vol. 35(C), pages 305-308.
    35. Michael Ehrmann, 2004. "Firm Size and Monetary Policy Transmission – Evidence from German Business Survey Data," CESifo Working Paper Series 1201, CESifo.
    36. Greenaway, David & Guariglia, Alessandra & Kneller, Richard, 2007. "Financial factors and exporting decisions," Journal of International Economics, Elsevier, vol. 73(2), pages 377-395, November.
    37. Jane Gravelle, 2010. "Economic Effects of Investment Subsidies," Chapters, in: Iris Claus & Norman Gemmell & Michelle Harding & David White (ed.), Tax Reform in Open Economies, chapter 3, Edward Elgar Publishing.
    38. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Philip Vermeulen & Ulf von Kalckreuth, 2003. "New Findings on Firm Investment and Monetary Policy Transmission in the Euro Area," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119490, HAL.
    39. Andrew Benito, 2002. "Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms," Working Papers 0226, Banco de España.
    40. Calza, Alessandro & Sousa, João, 2005. "Output and inflation responses to credit shocks: are there threshold effects in the euro area?," Working Paper Series 481, European Central Bank.
    41. Zulkhibri, 2013. "Corporate Investment Behaviour and Monetary Policy: Evidence from Firm-level Data for Malaysia," Global Economic Review, Taylor & Francis Journals, vol. 42(3), pages 269-290, September.
    42. Jean-Bernard Chatelain & Andrea Generale & Philip Vermeulen & Michael Ehrmann & Jorge Martínez-Pagés & Andreas Worms, 2003. "Monetary policy transmission in the euro area: New evidence from micro data on firms and banks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00119489, HAL.
    43. Raabe, K. & Arnold, I.J.M. & Kool, C.J.M., 2006. "Industries and the bank lending effects of bank credit demand and monetary policy in Germany," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    44. Chatelain, Jean-Bernard & Tiomo, André, 2001. "Investment, the cost of capital, and monetary policy in the nineties in France: a panel data investigation," Working Paper Series 106, European Central Bank.
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    48. Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2017. "‘In the Short Run Blasé, in the Long Run Risqué’. On the Effects of Monetary Policy on Bank Credit Risk-Taking in the Short versus Long Run," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(3), pages 181-226.
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    50. Fidrmuc, Jarko & Siddiqui, Martin, 2015. "Institutions and Creative Destruction in CEECs: Determinants of Inefficient Use of Assets," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113201, Verein für Socialpolitik / German Economic Association.
    51. Jean-Bernard Chatelain & Andre Tiomo, 2003. "Monetary Policy and Corporate Investment in France," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00112523, HAL.
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    57. Jesús Botero & Andrés Ramírez Hassan & Diana Gutiérrez, 2011. "La transmisión de la política monetaria en Colombia: la inversión," Documentos de Trabajo de Valor Público 11107, Universidad EAFIT.
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    61. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the Short Run Blasé, In the Long Run Risqué”," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 181-226, August.
    62. Ratti, Ronald A. & Lee, Sunglyong & Seol, Youn, 2008. "Bank concentration and financial constraints on firm-level investment in Europe," Journal of Banking & Finance, Elsevier, vol. 32(12), pages 2684-2694, December.
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    64. Kozelský, Robert & Maitah, Mansoor & Cvik, Eva Daniela & Toth, Daniel & Flegel, Emil & Sindi, Ali & Zelenka, Ondřej, 2024. "Assessing the Effect of Monetary Policy on the Competitiveness of Agricultural Enterprises," Research on World Agricultural Economy, Nan Yang Academy of Sciences Pte Ltd (NASS), vol. 5(2), June.
    65. Nobuo Inaba & Takashi Kozu & Toshitaka Sekine & Takashi Nagahata, 2005. "Non-performing loans and the real economy: Japan’s experience," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 106-27, Bank for International Settlements.
    66. Jingyuan Yang & Ling Wang & Ziyuan Sun & Fangming Zhu & Yihui Guo & Yan Shen, 2021. "Impact of Monetary Policy Uncertainty on R&D Investment Smoothing Behavior of Pharmaceutical Manufacturing Enterprises: Empirical Research Based on a Threshold Regression Model," IJERPH, MDPI, vol. 18(21), pages 1-17, November.
    67. Toshitaka Sekine & Towa Tachibana, 2007. "Land as Production Input and Collateral: Land Investment by Japanese Firms," The Journal of Real Estate Finance and Economics, Springer, vol. 35(4), pages 497-526, November.
    68. Santiago Carbó Valverde & Rafael López Del Paso, 2010. "Does The Development Of Non‐Cash Payments Affect Bank Lending?," Manchester School, University of Manchester, vol. 78(5), pages 412-436, September.
    69. Oxana Babecka Kucharcukova & Renata Pasalicova, 2017. "Firm Investment, Financial Constraints and Monetary Transmission: An Investigation with Czech Firm-Level Data," Working Papers 2017/16, Czech National Bank.
    70. Balazs Egert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable," CESifo Working Paper Series 1739, CESifo.
    71. Parul Bhardwaj & Abhishek Kumar, 2019. "Determinants of firm-level investment in India: Does size matter?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-016, Indira Gandhi Institute of Development Research, Mumbai, India.
    72. Jean-Bernard Chatelain & Andre Tiomo, 2002. "Investment and the Cost of Capital in the Nineties in France: A Panel Data Investigation," Post-Print halshs-00112540, HAL.
    73. Long, Shaobo & Pei, Hongxia & Tian, Hao & Li, Fangfang, 2021. "Asymmetric impacts of economic policy uncertainty, capital cost, and raw material cost on China’s investment," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 129-144.
    74. Greg Hannsgen, 2004. "The Transmission Mechanism of Monetary Policy: A Critical Review," Economics Working Paper Archive wp_412, Levy Economics Institute.
    75. Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele & Backé, Peter, 2002. "Monetary Transmission in the Euro Area : Where Do We Stand?," Working Paper Series 114, European Central Bank.
    76. Surach Tanboon & Suchot Piamchol & Tanawat Ruenbanterng & Paiboon Pongpaichet, 2009. "Impacts of Financial Factors on Thailand's Business Cycle Fluctuations," Working Papers 2009-01, Monetary Policy Group, Bank of Thailand.
    77. Svatopluk Kapounek, 2011. "Monetary Policy Implementation in the Eurozone - the Concept of Endogenous Money," MENDELU Working Papers in Business and Economics 2011-12, Mendel University in Brno, Faculty of Business and Economics.
    78. Sylvia Kaufmann & Maria Teresa Valderrama, 2008. "Bank lending in Germany and the UK: are there differences between a bank-based and a market-based country?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 13(3), pages 266-279.
    79. Zhang, Chengsi & Zheng, Ning, 2020. "Monetary policy and financial investments of nonfinancial firms: New evidence from China," China Economic Review, Elsevier, vol. 60(C).
    80. Fabrizio Coricelli & Bal??zs ??gert & Ronald MacDonald, 2006. "Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change," William Davidson Institute Working Papers Series wp850, William Davidson Institute at the University of Michigan.
    81. Neslihan Turguttopbas, 2017. "Perspectives on Monetary Policy and Cost of Capital: Evidence from Turkey," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 6(2), pages 45-64.
    82. Coricelli, Fabrizio & Égert, Balázs & MacDonald, Ronald, 2006. "Monetary transmission mechanism in Central and Eastern Europe: gliding on a wind of change," BOFIT Discussion Papers 8/2006, Bank of Finland Institute for Emerging Economies (BOFIT).
    83. Ignacio Hernando & André Tiomo, 2002. "Financial constraints and investment in France and Spain: a comparison using firm level data," Working Papers 0214, Banco de España.
    84. Ola Melander & Maria Sandström & Erik Schedvin, 2017. "The effect of cash flow on investment: an empirical test of the balance sheet theory," Empirical Economics, Springer, vol. 53(2), pages 695-716, September.
    85. Hanna Putkuri, 2004. "Cross-country asymmetries in euro area monetary transmission: the role of national financial systems," Macroeconomics 0404037, University Library of Munich, Germany.
    86. Aiqun Wang & Ming Zhang & Shuya Zhou, 2022. "Air Pollution, Environmental Violation Risk, and the Cost of Debt: Evidence from China," IJERPH, MDPI, vol. 19(6), pages 1-23, March.
    87. Harald Oberhofer & Christian Glocker & Werner Hölzl & Peter Huber & Serguei Kaniovski & Klaus Nowotny & Michael Pfaffermayr & Monique Ebell & Nikolaos Kontogiannis, 2016. "Single Market Transmission Mechanisms Before, During and After the 2008-09 Crisis. A Quantitative Assessment," WIFO Studies, WIFO, number 59156, January.
    88. Nadja Dwenger, 2014. "User Cost Elasticity of Capital Revisited," Economica, London School of Economics and Political Science, vol. 81(321), pages 161-186, January.
    89. Hyun-Euy Kim, 2007. "The Interest Rate Channel of Monetary Transmission under Low Inflation in Korea (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, vol. 13(1), pages 1-56, March.
    90. Mathias Zurlinden, 2005. "Credit in the monetary transmission mechanism: An overview of some recent research using Swiss data," Economic Studies 2005-01, Swiss National Bank.
    91. Andrzej Jedruchniewicz, 2015. "Monetary Policy And Investments In The Polish Economy," Oeconomia Copernicana, Institute of Economic Research, vol. 6(3), pages 7-22, September.
    92. Han, Haozhe & Wang, Xingjian, 2023. "Monetary policy uncertainty and corporate cash holdings: Evidence from China," Journal of Financial Stability, Elsevier, vol. 67(C).
    93. Hendricks, Torben W. & Kempa, Bernd, 2009. "The credit channel in U.S. economic history," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 58-68.
    94. Boissay, Frédéric, 2001. "Credit rationing, output gap, and business cycles," Working Paper Series 87, European Central Bank.
    95. Takashi Nagahata & Toshitaka Sekine, 2002. "The Effects of Monetary Policy on Firm Investment after the Collapse of the Asset Price Bubble: An Investigation Using Japanese Micro Data," Bank of Japan Working Paper Series Research and Statistics D, Bank of Japan.
    96. Santiago Carbó Valverde & Rafael López del Paso, 2005. "Do non-financial firms react to monetary policy actions as banks do?," ThE Papers 05/03, Department of Economic Theory and Economic History of the University of Granada..
    97. Bojan Markovic, 2006. "Bank capital channels in the monetary transmission mechanism," Bank of England working papers 313, Bank of England.

  32. Ángel Estrada & Ignacio Hernando & J. David López-Salido, 2000. "Measuring the NAIRU in the Spanish Economy," Working Papers 0009, Banco de España.

    Cited by:

    1. Gruener Hans Peter & Hayo Bernd & Hefeker Carsten, 2009. "Unions, Wage Setting and Monetary Policy Uncertainty," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-25, October.
    2. Emilie Jašová & Klára Čermáková & Božena Kadeřábková & Pavel Procházka, 2016. "Působení institucionálních faktorů na strukturální a cyklickou nezaměstnanost v zemích Visegrádské skupiny [Influence of Institutional Factors on Structural and Cyclical Unemployment in the Countri," Politická ekonomie, Prague University of Economics and Business, vol. 2016(1), pages 34-50.
    3. Linzert, Tobias, 2005. "The Unemployment Inflation Trade-Off in the Euro Area," IZA Discussion Papers 1699, Institute of Labor Economics (IZA).
    4. Samuel Bentolila & Juan F. Jimeno, "undated". "Spanish Unemployment: The End of the Wild Ride?," Working Papers 2003-10, FEDEA.
    5. Emilie Jasova, 2014. "A Model for Estimation of NAIRU Extended by Demand Shocks and its Application to Business Cycle Analysis in the Labour Market in Hungary and Poland," Proceedings of Economics and Finance Conferences 0401788, International Institute of Social and Economic Sciences.
    6. Alpo Willman & Ángel Estrada, 2002. "The Spanish block of the ESCB-Multi-Country model," Working Papers 0212, Banco de España.
    7. Bernd Hayo & Hans Peter Gruner & Carsten Hefeker, 2004. "Monetary policy uncertainty and unionized labour markets," Money Macro and Finance (MMF) Research Group Conference 2003 42, Money Macro and Finance Research Group.
    8. Ravi Balakrishnan, 2001. "The interaction of firing costs and on-the-job search: an application of a search theoretic model to the Spanish labour market," Working Papers 0102, Banco de España.
    9. Jordi Galí & David López-Salido, 2001. "A New Phillips Curve for Spain," Working Papers 0109, Banco de España.
    10. Pablo Agnese & Jana Hromcová, 2018. "Bubble economics and structural change: the cases of Spain and France compared," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 21(1), pages 59-79, January.
    11. Constantina Kottaridi & Mendez-Carbajo Diego & D. Thomakos Dimitrios, 2009. "Inflation Dynamics and the Cross-Sectional Distribution of Prices in the E.U. Periphery," Springer Books, in: Takashi Kamihigashi & Laixun Zhao (ed.), International Trade and Economic Dynamics, pages 449-475, Springer.
    12. Beissinger, Thomas, 2003. "Strukturelle Arbeitslosigkeit in Europa: Eine Bestandsaufnahme," University of Regensburg Working Papers in Business, Economics and Management Information Systems 389, University of Regensburg, Department of Economics.
    13. Božena Kadeřábková & Emilie Jašová, 2011. "Analýza ukazatele NAIRU na sektorové úrovni [Analysis of the Indicator NAIRU on the Sector Level]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(4), pages 508-525.
    14. Rafael Doménech & Víctor Gómez, 2005. "Ciclo económico y desempleo estructural en la economía española," Investigaciones Economicas, Fundación SEPI, vol. 29(2), pages 259-288, May.
    15. Şanlı, Devran, 2018. "Macroeconomic Unstables and the Rate of Natural Unemployement: The Study of OECD and Turkish Economy 1980-2016," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 3(3), pages 159-174, September.
    16. José Francisco Bellod Redondo, 2011. "La función de producción de Cobb-Douglas y la economía española," Revista de Economia Critica, Asociacion de Economia Critica, vol. 12, pages 9-38.
    17. Beissinger, Thomas, 2003. "Strukturelle Arbeitslosigkeit in Europa : eine Bestandsaufnahme (Structural unemployment in Europe * an inventory)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 36(4), pages 411-427.
    18. Albert van der Horst, 2003. "Structural estimates of equilibrium unemployment in six OECD economies," CPB Discussion Paper 19, CPB Netherlands Bureau for Economic Policy Analysis.
    19. Juncal Cunnado & Fernando PErez De Gracia, 2003. "Sacrifice Ratios: Some lessons from EMU countries, 1960-2001," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(3), pages 327-337.
    20. Emilie Jašová & Božena Kaderábková, 2012. "Comparing NAIRU and Economic Cycle from the Perspective of Labour Market in the Countries of the Visegrad Group," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-23.

  33. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "The Role of the Financial System in the Growth-Inflation Link: the OECD Experience," Working Papers 9920, Banco de España.

    Cited by:

    1. Muhammad Irfan Javaid Attari, 2012. "Inflation and Wheat Prices in Pakistan: 1990-2010," EuroEconomica, Danubius University of Galati, issue 4(31), pages 72-86, November.
    2. Valpy FitzGerald (QEH), "undated". "Finance and Growth in Developing Countries: Sound Principles and Unreliable Evidence," QEH Working Papers qehwps153, Queen Elizabeth House, University of Oxford.
    3. Pradhan, Rudra P. & Arvin, Mak B. & Ghoshray, Atanu, 2015. "The dynamics of economic growth, oil prices, stock market depth, and other macroeconomic variables: Evidence from the G-20 countries," International Review of Financial Analysis, Elsevier, vol. 39(C), pages 84-95.
    4. Nagmi Moftah Aimer, 2020. "Renewable energy consumption, financial development and economic growth: Evidence from panel data for the Middle East and North African countries," Economics Bulletin, AccessEcon, vol. 40(3), pages 2058-2072.
    5. Karima Saci & Ken Holden, 2008. "Evidence on growth and financial development using principal components," Applied Financial Economics, Taylor & Francis Journals, vol. 18(19), pages 1549-1560.
    6. Max Gillman & Mark N. Harris, 2004. "Inflation, Financial Development and Endogenous Growth," Monash Econometrics and Business Statistics Working Papers 24/04, Monash University, Department of Econometrics and Business Statistics.
    7. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar, 2015. "Causal nexus between economic growth, inflation, and stock market development: The case of OECD countries," Global Finance Journal, Elsevier, vol. 27(C), pages 98-111.
    8. Michiel Bijlsma & Clemens Kool & Marielle Non, 2017. "The effect of financial development on economic growth: a meta-analysis," CPB Discussion Paper 340, CPB Netherlands Bureau for Economic Policy Analysis.
    9. Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Inflation and economic growth in Kenya: An empirical examination," Working Papers 28344, University of South Africa, Department of Economics.
    10. António Afonso & Raquel Ferreira & Edmund Freitas & Celso Nóbrega & José Pinheiro, 2003. "Intermediaries, Financial Markets and Growth: Some more International Evidence," Working Papers Department of Economics 2003/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    11. Golpe, Antonio A. & Sánchez-Fuentes, A. Jesus & Vides, José Carlos, 2023. "Fiscal sustainability, monetary policy and economic growth in the Euro Area: In search of the ultimate causal path," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1026-1045.
    12. Eggoh, Jude C. & Khan, Muhammad, 2014. "On the nonlinear relationship between inflation and economic growth," Research in Economics, Elsevier, vol. 68(2), pages 133-143.
    13. Franz R. Hahn, 2004. "Finance-Growth Nexus and the P-Bias. Evidence from OECD Countries," WIFO Working Papers 223, WIFO.
    14. Rousseau, Peter L. & Wachtel, Paul, 2002. "Inflation thresholds and the finance-growth nexus," Journal of International Money and Finance, Elsevier, vol. 21(6), pages 777-793, November.
    15. Rao, B. Bhaskara & Tamazian, Artur & Singh, Rup & Vadlamannati, Krishna Chaitanya, 2008. "Financial developments and the rate of growth of output: An alternative approach," MPRA Paper 8605, University Library of Munich, Germany.
    16. IWASAKI, Ichiro & ONO, Shigeki, 2023. "Economic Development and the Finance-Growth Nexus : A Meta-Analytic Approach," CEI Working Paper Series 2023-06, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    17. Franz R. Hahn, 2002. "The Finance-Growth Nexus Revisited. New Evidence from OECD Countries," WIFO Working Papers 176, WIFO.
    18. Paul Wachtel & Peter L. Rousseau, 2000. "Inflation, Financial Development and Growth," Working Papers 00-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    19. Michael A Stemmer, 2017. "Revisiting Finance and Growth in Transition Economies - A Panel Causality Approach," Post-Print halshs-01524462, HAL.
    20. Christoph Walkner & Jean-Pierre Raes, 2005. "Integration and consolidation in EU banking - an unfinished business," European Economy - Economic Papers 2008 - 2015 226, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    21. Rudra P. PRADHAN & Mak B. ARVIN & Bele SAMADHAN & Shilpa TANEJA, 2013. "The Impact of Stock Market Development on Inflation and Economic Growth of 16 Asian Countries: A Panel VAR Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 203-218.
    22. Ramdane Djoudad & Jack Selody & Carolyn A. Wilkins, 2005. "Does Financial Structure Matter for the Information Content of Financial Indicators?," Staff Working Papers 05-33, Bank of Canada.
    23. Franz H. Hahn, 2002. "Bedeutung von Aktienmärkten für Wachstum und Wachstumsschwankungen in den OECD-Ländern," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 79, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.

  34. Hernando, Ignacio & Tribo Gine, José Antonio, 1999. "Relación entre contratos laborales y financieros: un estudio teórico y empírico para el caso español," DEE - Documentos de Trabajo. Economía de la Empresa. DB 6389, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.

    Cited by:

    1. Silvio Rendón, 2001. "Job Creation under Liquidity Constraints: the Spanish Case," Working Papers 0101, Banco de España.

  35. Javier Andrés & Ignacio Hernando & David López-Salido, 1998. "Disinflation, Output and Unemployment: The Case of Spain," Working Papers 9806, Banco de España.

    Cited by:

    1. Marika Karanassou & Hector Sala & Dennis J. Snower, 2002. "Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy," Working Papers 477, Queen Mary University of London, School of Economics and Finance.
    2. Tor Jacobson & Per Jansson & Anders Vredin & Anders Warne, 2001. "Monetary policy analysis and inflation targeting in a small open economy: a VAR approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(4), pages 487-520.

  36. Javier Andrés & Ignacio Hernando & David López-Salido, 1998. "The Long-Run Effect of Permanent Disinflations," Working Papers 9825, Banco de España.

    Cited by:

    1. Patrick Fève & Julien Matheron & Jean‐Guillaume Sahuc, 2010. "Disinflation Shocks in the Eurozone: A DSGE Perspective," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(2‐3), pages 289-323, March.
    2. Patrick Feve & Julien Matheron & Guillaume Sahuc, 2010. "Désinflation et chômage dans la zone euro : une analyse à l'aide d'un modèle var structurel," Annals of Economics and Statistics, GENES, issue 99-100, pages 365-394.
    3. Ángel Estrada & Ignacio Hernando & J. David López-Salido, 2000. "Measuring the NAIRU in the Spanish Economy," Working Papers 0009, Banco de España.
    4. Manuel Balmaseda & Miguel Sebastián & Patry Tello, 2002. "Spain Accession to the EMU - A Long and Hilly Road," The Economic and Social Review, Economic and Social Studies, vol. 33(2), pages 195-222.

  37. Javier Andres & Ignacio Hernando, 1997. "Does Inflation Harm Economic Growth? Evidence for the OECD," NBER Working Papers 6062, National Bureau of Economic Research, Inc.

    Cited by:

    1. Pablo Astorga, 2009. "A Century of Economic Growth in Latin America," Oxford Economic and Social History Working Papers _075, University of Oxford, Department of Economics.
    2. Selim Raihan & Sabyasachi Kar & Kunal Sen, 2018. "Transitions between growth episodes: Do institutions matter and do some institutions matter more?," Global Development Institute Working Paper Series esid-099-18, GDI, The University of Manchester.
    3. Barbara Annicchiarico & Alessandra Pelloni, 2013. "Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?," Working Paper series 02_13, Rimini Centre for Economic Analysis.
    4. sunanda roy, 2005. "Asset prices and capital accumulation in a monetary economy with incomplete markets," GE, Growth, Math methods 0508002, University Library of Munich, Germany.
    5. Mohsen Mehrara, 2007. "Does Inflation Harm Economic Growth in Iran," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 12(3), pages 43-56, fall & wi.
    6. Jaganath Behera & Alok Kumar Mishra, 2017. "The Recent Inflation Crisis and Long-run Economic Growth in India: An Empirical Survey of Threshold Level of Inflation," South Asian Journal of Macroeconomics and Public Finance, , vol. 6(1), pages 105-132, June.
    7. Patrick Feve & Julien Matheron & Guillaume Sahuc, 2010. "Désinflation et chômage dans la zone euro : une analyse à l'aide d'un modèle var structurel," Annals of Economics and Statistics, GENES, issue 99-100, pages 365-394.
    8. Shagas, Natalia (Шагас, Наталья) & Bojechkova, A.V. (Божечкова, А.В.) & Perevyshin, Y.N. (Перевышин, Ю.Н.) & Perevyshina, E.A. (Перевышина, Е.А.), 2016. "Modeling of State Influence on the Processes of Economic Growth [Моделирование Воздействия Государства На Процессы Экономического Роста]," Working Papers 2132, Russian Presidential Academy of National Economy and Public Administration.
    9. Fithra Faisal Hastiadi, 2012. "The Determinants of China-Japan-Koreas Vertical Intra Industry Trade to ASEAN4 countries," Working Papers in Economics and Business 201205, Faculty of Economics and Business, University of Indonesia, revised May 2012.
    10. Slawomir I. BUKOWSKI, 2006. "The Maastricht convergence criteria and economic growth in the EMU," Quaderni del Dipartimento di Economia, Finanza e Statistica 24/2006, Università di Perugia, Dipartimento Economia.
    11. Madhu Sehrawat & A. K. Giri, 2015. "Re-examining the Threshold Effects in Inflation–Growth Nexus: Evidence from India," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(2), pages 57-67, Fabruary.
    12. Anne-Marie Brook & Özer Karagedikli & Dean Scrimgeour, 2002. "An optimal inflation target for New Zealand: lessons from the literature," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, September.
    13. Pradhan, Rudra P. & Arvin, Mak B. & Ghoshray, Atanu, 2015. "The dynamics of economic growth, oil prices, stock market depth, and other macroeconomic variables: Evidence from the G-20 countries," International Review of Financial Analysis, Elsevier, vol. 39(C), pages 84-95.
    14. W. Adrián Risso & Edgar J. Sánchez Carrera, 2010. "Análisis de cointegración y valores umbrales entre la inflación y el crecimiento económico en México: 1970-2007," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 77-98, November.
    15. Jakob B. Madsen & Md. Rabiul Islam & James B. Ang, 2010. "Catching up to the technology frontier: the dichotomy between innovation and imitation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 43(4), pages 1389-1411, November.
    16. الرسول, أد/ أحمد أبواليزيد & عبدالراضي, صابرين صبره & عون, أد/ عون خيرالله & عبدالرازق, د ياسمين صلاح, 2019. "أثر التضخم على النمو الاقتصادي بالقطاع الزراعي المصري [The impact of inflation on the economic growth of the Egyptian agricultural sector]," MPRA Paper 98572, University Library of Munich, Germany.
    17. Andrea Bassanini & Stefano Scarpetta, 2001. "The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries," Post-Print halshs-00168383, HAL.
    18. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar, 2015. "Causal nexus between economic growth, inflation, and stock market development: The case of OECD countries," Global Finance Journal, Elsevier, vol. 27(C), pages 98-111.
    19. Darko Lazarov & Kiril Simeonovski, 2023. "Macroeconomic Stability and Economic Growth: An Empirical Estimation for North Macedonia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 78-94.
    20. Annicchiarico, B. & Corrado, L. & Pelloni, A., 2008. "Long-Term Growth and Short-Term Volatility: The Labour Market Nexus," Cambridge Working Papers in Economics 0823, Faculty of Economics, University of Cambridge.
    21. Mmolainyane, Kelesego K. & Ahmed, Abdullahi D., 2015. "The impact of financial integration in Botswana," Journal of Policy Modeling, Elsevier, vol. 37(5), pages 852-874.
    22. David R. Hineline, 2007. "Examining the Robustness of the Inflation and Growth Relationship," Southern Economic Journal, John Wiley & Sons, vol. 73(4), pages 1020-1037, April.
    23. Loayza, Norman & Schmidt-Hebbel, Klaus & Serven, Luis, 2000. "What drives private saving around the world?," Policy Research Working Paper Series 2309, The World Bank.
    24. Golpe, Antonio A. & Sánchez-Fuentes, A. Jesus & Vides, José Carlos, 2023. "Fiscal sustainability, monetary policy and economic growth in the Euro Area: In search of the ultimate causal path," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1026-1045.
    25. الرسول, أد/ أحمد أبواليزيد & عبدالراضي, صابرين صبره & عون, أد/ عون خيرالله & عبدالرازق, د ياسمين صلاح, 2019. "أثر التضخم على النمو الاقتصادي بالقطاع الزراعي المصري [The impact of inflation on the economic growth of the Egyptian agricultural sector]," MPRA Paper 98743, University Library of Munich, Germany.
    26. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.
    27. Vinayagathasan, Thanabalasingam, 2013. "Inflation and economic growth: A dynamic panel threshold analysis for Asian economies," Journal of Asian Economics, Elsevier, vol. 26(C), pages 31-41.
    28. Erica L. Groshen & Mark E. Schweitzer, 1997. "Identifying Inflation's Grease and Sand Effects in the Labor Market," NBER Working Papers 6061, National Bureau of Economic Research, Inc.
    29. Norman Loayza & Klaus Schmidt-Hebbel & Luis Servén, 2000. "What Drives Private Saving Across the World?," The Review of Economics and Statistics, MIT Press, vol. 82(2), pages 165-181, May.
    30. Muhammad Azmat Hayat & Huma Ghulam & Maryam Batool & Muhammad Zahid Naeem & Abdullah Ejaz & Cristi Spulbar & Ramona Birau, 2021. "Investigating the Causal Linkages among Inflation, Interest Rate, and Economic Growth in Pakistan under the Influence of COVID-19 Pandemic: A Wavelet Transformation Approach," JRFM, MDPI, vol. 14(6), pages 1-22, June.
    31. BIRMAN Andrei, 2011. "Some Empirical Aspects regarding the Relationship between Inflation and Economic Growth in Romania – the Speed Limit Effect," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    32. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008. "Volatility, Growth and Labour Elasticity," Working Paper series 32_08, Rimini Centre for Economic Analysis.
    33. Leo Bonato, 1998. "The benefits of price stability: some estimates for New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, September.
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    35. Mahmood Arai & Mats Kinnwall & Peter Skogman Thoursie, 2004. "Cyclical and causal patterns of inflation and GDP growth," Applied Economics, Taylor & Francis Journals, vol. 36(15), pages 1705-1715.
    36. Mubariz Hasanov & Aysen Arac & Funda Telatar, 2012. "Nonlinearity and Structural Stability in the Phillips Curve: Evidence from Turkey," Hacettepe University Department of Economics Working Papers 20123, Hacettepe University, Department of Economics.
    37. Issing, Otmar, 2000. "The ECB's Monetary Policy: Experience After the First Year," Journal of Policy Modeling, Elsevier, vol. 22(3), pages 325-343, May.
    38. Frederic Mishkin & Klaus Schmidt-Hebbel, 2002. "A Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know?," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Inflation Targeting: Desing, Performance, Challenges, edition 1, volume 5, chapter 4, pages 171-220, Central Bank of Chile.
    39. Ciżkowicz, Piotr & Rzońca, Andrzej, 2010. "Inflation and corporate investment in selected OECD countries in the years 1960-2005 – an empirical analysis," MPRA Paper 29846, University Library of Munich, Germany.
    40. Omay, Tolga & Öznur Kan, Elif, 2010. "Re-examining the threshold effects in the inflation-growth nexus with cross-sectionally dependent non-linear panel: Evidence from six industrialized economies," Economic Modelling, Elsevier, vol. 27(5), pages 996-1005, September.
    41. Rudra P. PRADHAN & Mak B. ARVIN & Bele SAMADHAN & Shilpa TANEJA, 2013. "The Impact of Stock Market Development on Inflation and Economic Growth of 16 Asian Countries: A Panel VAR Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 203-218.
    42. sunanda roy, 2007. "On price uncertainty, nominal assets and uninsurable idiosyncratic risks," Economics Bulletin, AccessEcon, vol. 4(32), pages 1-17.
    43. Sweidan, O.D., 2004. "Does Inflation Harm Economic Growth in Jordan?. An Econometric Analysis for the Period 1970-2000," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 1(2), pages 41-66.
    44. Larissa Batrancea & Malar Kumaran Rathnaswamy & Ioan Batrancea, 2022. "A Panel Data Analysis on Determinants of Economic Growth in Seven Non-BCBS Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1651-1665, June.
    45. Manuel Balmaseda & Miguel Sebastián & Patry Tello, 2002. "Spain Accession to the EMU - A Long and Hilly Road," The Economic and Social Review, Economic and Social Studies, vol. 33(2), pages 195-222.
    46. Jesús Crespo Cuaresma & Maria Antoinette Silgoner, 2004. "Growth effects of inflation in Europe: How low is too low, how high is too high?," Vienna Economics Papers vie0411, University of Vienna, Department of Economics.
    47. Serhan Cevik & Alice Fan & Sadhna Naik, 2024. "Is inflation good for business? the firm-level impact of inflation shocks in the Baltics, 1997–2020," Economic Change and Restructuring, Springer, vol. 57(5), pages 1-19, October.
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Articles

  1. Ignacio Hernando & Ernesto Villanueva, 2014. "The recent slowdown in bank lending in Spain: are supply-side factors relevant?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 245-285, August.
    See citations under working paper version above.
  2. Philip Vermeulen & Daniel A. Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2012. "Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1631-1650, December.
    See citations under working paper version above.
  3. Hagendorff, Jens & Hernando, Ignacio & Nieto, Maria J. & Wall, Larry D., 2012. "What do premiums paid for bank M&As reflect? The case of the European Union," Journal of Banking & Finance, Elsevier, vol. 36(3), pages 749-759.
    See citations under working paper version above.
  4. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2010. "Price-setting behaviour in Spain: evidence from micro PPI data," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 105-121.
    See citations under working paper version above.
  5. Hernando, Ignacio & Nieto, Mara J. & Wall, Larry D., 2009. "Determinants of domestic and cross-border bank acquisitions in the European Union," Journal of Banking & Finance, Elsevier, vol. 33(6), pages 1022-1032, June.
    See citations under working paper version above.
  6. Andrew Benito & Ignacio Hernando, 2008. "Labour Demand, Flexible Contracts and Financial Factors: Firm‐Level Evidence from Spain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(3), pages 283-301, June.

    Cited by:

    1. Fernandes, Filipa & Kontonikas, Alexandros & Tsoukas, Serafeim, 2014. "On the real effects of financial pressure: Evidence from euro area firm-level employment during the recent financial crisis," SIRE Discussion Papers 2014-028, Scottish Institute for Research in Economics (SIRE).
    2. Blessing Atwine & Ibrahim Mike Okumu & John Bosco Nnyanzi, 2023. "What drives the dynamics of employment growth in firms? Evidence from East Africa," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-25, December.
    3. Fátima Herranz González & Carmen Martínez-Carrascal, 2017. "The impact of firms’ financial position on fixed investment and employment. An analysis for Spain," Working Papers 1714, Banco de España.
    4. Donatella Gatti & Christophe Rault & Anne-Gaël Vaubourg, 2012. "Unemployment and finance: how do financial and labour market factors interact?," PSE-Ecole d'économie de Paris (Postprint) halshs-00846633, HAL.
    5. Donatella Gatti & Anne-Gael Vaubourg, 2010. "Credit and Unemployment: Do Institutions Matter?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(01), pages 37-43, April.
    6. Andrea Caggese & Vicente Cuñat, 2008. "Financing Constraints and Fixed‐term Employment Contracts," Economic Journal, Royal Economic Society, vol. 118(533), pages 2013-2046, November.
    7. J. Ignacio Conde-Ruiz & Manu García & Luis A. Puch & Jesús Ruiz, 2018. "Calendar Effects in Daily Aggregate Employment Creation and Destruction in Spain," Studies on the Spanish Economy eee2018-10, FEDEA.
    8. Jose Manuel Mansilla-Fernandez & Juliette Milgram Baleix, 2022. "Working Capital Management, Financial Constraints, and Exports. Evidence from European and US Manufacturers," ThE Papers 22/11, Department of Economic Theory and Economic History of the University of Granada..
    9. A. Arrighetti & L. Cattani & F. Landini & A. Lasagni, 2019. "Work Flexibility and Firm Growth," Economics Department Working Papers 2019-EP04, Department of Economics, Parma University (Italy).
    10. Cervini-Plá, María & Ramos, Xavier & Silva, José I., 2010. "Wage Effects of Non-Wage Labour Costs," IZA Discussion Papers 4882, Institute of Labor Economics (IZA).
    11. H. Teruyama & Y. Goto & Sebastien Lechevalier, 2018. "Firm-level labor demand for and macroeconomic increases in non-regular workers in Japan," Post-Print hal-03122684, HAL.
    12. Andrew Benito, 2017. "How does monetary policy affect labor demand and labor productivity?," IZA World of Labor, Institute of Labor Economics (IZA), pages 340-340, July.
    13. Fuss, Catherine, 2009. "What is the most flexible component of wage bill adjustment? Evidence from Belgium," Labour Economics, Elsevier, vol. 16(3), pages 320-329, June.
    14. Chiara Coluzzi & Annalisa Ferrando & Carmen Martínez-Carrascal, 2009. "Financing obstacles and growth: An analysis for euro area non-financial corporations," Working Papers 0836, Banco de España.
    15. Óscar J. Arce, 2005. "The fiscal theory of the price level: a narrow theory for non-fiat money," Working Papers 0501, Banco de España.
    16. Spaliara, Marina-Eliza, 2009. "Do financial factors affect the capital-labour ratio? Evidence from UK firm-level data," Journal of Banking & Finance, Elsevier, vol. 33(10), pages 1932-1947, October.
    17. Krzysztof Bartosik & Jerzy Mycielski, 2017. "The output employment elasticity and the increased use of temporary contracts: evidence from Poland," Working Papers 2017-23, Faculty of Economic Sciences, University of Warsaw.
    18. Michele Battisti & Giovanna Vallanti, 2013. "Flexible Wage Contracts, Temporary Jobs, and Firm Performance: Evidence From Italian Firms," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(3), pages 737-764, July.
    19. KODAMA Naomi & YOKOYAMA Izumi, 2017. "Labor Market Impact of Labor Cost Increase without Productivity Gain: A natural experiment from the 2003 social insurance premium reform in Japan," Discussion papers 17093, Research Institute of Economy, Trade and Industry (RIETI).
    20. Erdem Basci & Yusuf Soner Baskaya & Mustafa Kilinc, 2011. "Financial Shocks and Industrial Employment," Working Papers 1112, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    21. Izumi Yokoyama & Kazuhito Higa & Daiji Kawaguchi, 2018. "Adjustments of regular and non-regular workers to exogenous shocks: Evidence from exchange rate fluctuation," Bank of Japan Working Paper Series 18-E-2, Bank of Japan.

  7. José Campa & Ignacio Hernando, 2008. "The Reaction by Industry Insiders to M&As in the European Financial Industry," Journal of Financial Services Research, Springer;Western Finance Association, vol. 33(2), pages 127-146, April.
    See citations under working paper version above.
  8. Hernando, Ignacio & Martínez-Carrascal, Carmen, 2008. "The impact of financial variables on firms' real decisions: Evidence from Spanish firm-level data," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 543-561, March.
    See citations under working paper version above.
  9. Andrew Benito & Ignacio Hernando, 2007. "Firm Behaviour And Financial Pressure: Evidence From Spanish Panel Data," Bulletin of Economic Research, Wiley Blackwell, vol. 59(4), pages 283-311, October.

    Cited by:

    1. Fátima Herranz González & Carmen Martínez-Carrascal, 2017. "The impact of firms’ financial position on fixed investment and employment. An analysis for Spain," Working Papers 1714, Banco de España.
    2. Carmen Martínez-Carrascal & Annalisa Ferrando, 2008. "The impact of financial position on investment: an analysis for non-financial corporations in the euro area," Working Papers 0820, Banco de España.
    3. Minjia Chen & Alessandra Guariglia, 2011. "Financial constraints and firm productivity in China: do liquidity and export behavior make a difference?," Discussion Papers 11/09, University of Nottingham, GEP.
    4. Eric Ruscher & Guntram Wolff, 2012. "Corporate balance sheet adjustment: stylized facts, causes and consequences," European Economy - Economic Papers 2008 - 2015 449, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    5. Beck, T.H.L. & Homanen, M. & Uras, Burak, 2016. "Finance and Demand for Skill : Evidence from Uganda," Discussion Paper 2016-014, Tilburg University, Center for Economic Research.
    6. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
    7. Stéphane Dees & Stefan Gebauer & Thomas Goncalves & Camille Thubin, 2022. "The Financing Structure of NonFinancial Corporations and MacroFinancial Implications in France," Working papers 880, Banque de France.
    8. Arif Khan, Muhammad & Qin, Xuezhi & Jebran, Khalil, 2019. "Does uncertainty influence the leverage-investment association in Chinese firms?," Research in International Business and Finance, Elsevier, vol. 50(C), pages 134-152.
    9. Sai Ding & Alessandra Guariglia & John Knight, 2012. "Does China overinvest? Evidence from a panel of Chinese firms," Discussion Papers 12/04, University of Nottingham, GEP.
    10. Renato Faccini, 2014. "Reassessing Labour Market Reforms: Temporary Contracts as a Screening Device," Economic Journal, Royal Economic Society, vol. 124(575), pages 167-200, March.
    11. Zhang, Dongyang & Liu, Deqiang, 2017. "Determinants of the capital structure of Chinese non-listed enterprises: Is TFP efficient?," Economic Systems, Elsevier, vol. 41(2), pages 179-202.
    12. Yanhong Feng & Shuanglian Chen & Pierre Failler, 2020. "Productivity Effect Evaluation on Market-Type Environmental Regulation: A Case Study of SO 2 Emission Trading Pilot in China," IJERPH, MDPI, vol. 17(21), pages 1-27, October.
    13. Chen, Minjia & Guariglia, Alessandra, 2013. "Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1123-1140.
    14. Gebauer, Stefan & Setzer, Ralph & Westphal, Andreas, 2018. "Corporate debt and investment: A firm-level analysis for stressed euro area countries," Journal of International Money and Finance, Elsevier, vol. 86(C), pages 112-130.
    15. Jean-Charles Bricongne & Aurora Maria Mordonu, 2015. "Interlinkages between Household and Corporate Debt in Advanced Economies," European Economy - Discussion Papers 017, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    16. Chiara Coluzzi & Annalisa Ferrando & Carmen Martínez-Carrascal, 2009. "Financing obstacles and growth: An analysis for euro area non-financial corporations," Working Papers 0836, Banco de España.
    17. Luísa Farinha, 2013. "Investment Decisions and Financial Standing of Portuguese Firms – recent evidence," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    18. Spaliara, Marina-Eliza, 2009. "Do financial factors affect the capital-labour ratio? Evidence from UK firm-level data," Journal of Banking & Finance, Elsevier, vol. 33(10), pages 1932-1947, October.
    19. Gebauer, Stefan & Setzer, Ralph & Westphal, Andreas, 2017. "Corporate debt and investment: a firm analysis for stressed euro area countries," Working Paper Series 2101, European Central Bank.
    20. Li, Lifang & Qiu, Lexin & Xu, Fangming & Zheng, Xinwei, 2023. "The impact of green credit on firms' green investment efficiency: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).

  10. Javier Delgado & Ignacio Hernando & María J. Nieto, 2007. "Do European Primarily Internet Banks Show Scale and Experience Efficiencies?," European Financial Management, European Financial Management Association, vol. 13(4), pages 643-671, September.
    See citations under working paper version above.
  11. Hernando, Ignacio & Nieto, Maria J., 2007. "Is the Internet delivery channel changing banks' performance? The case of Spanish banks," Journal of Banking & Finance, Elsevier, vol. 31(4), pages 1083-1099, April.
    See citations under working paper version above.
  12. Campa, Jose Manuel & Hernando, Ignacio, 2006. "M&As performance in the European financial industry," Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3367-3392, December.
    See citations under working paper version above.
  13. Silvia Fabiani & Martine Druant & Ignacio Hernando & Claudia Kwapil & Bettina Landau & Claire Loupias & Fernando Martins & Thomas Mathä & Roberto Sabbatini & Harald Stahl & Ad Stokman, 2006. "What Firms' Surveys Tell Us about Price-Setting Behavior in the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 2(3), September.
    See citations under working paper version above.
  14. Alvarez, Luis J. & Hernando, Ignacio, 2006. "Price setting behaviour in Spain: Evidence from consumer price micro-data," Economic Modelling, Elsevier, vol. 23(4), pages 699-716, July.

    Cited by:

    1. Patrick Lünnemann & Ladislav Wintr, 2006. "Are internet prices sticky?," BCL working papers 22, Central Bank of Luxembourg.
    2. Erwan Gautier, 2007. "La dynamique des changements de prix de production en France : une analyse à partir des relevés de prix de production," Économie et Statistique, Programme National Persée, vol. 407(1), pages 3-26.
    3. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Etienne Gagnon, 2007. "Price setting during low and high inflation: evidence from Mexico," International Finance Discussion Papers 896, Board of Governors of the Federal Reserve System (U.S.).
    5. Gautier, Erwan & Conflitti, Cristina & Faber, Riemer P. & Fabo, Brian & Fadejeva, Ludmila & Jouvanceau, Valentin & Menz, Jan-Oliver & Messner, Teresa & Petroulas, Pavlos & Roldan-Blanco, Pau & Rumler,, 2022. "New facts on consumer price rigidity in the euro area," Discussion Papers 32/2022, Deutsche Bundesbank.
    6. Creamer, Kenneth & Rankin, Neil A., 2008. "Price setting in South Africa 2001-2007 - stylised facts using consumer price micro data," MPRA Paper 16905, University Library of Munich, Germany.
    7. Jennifer Peña & Elvira Prades, 2021. "Price setting in Chile: Micro evidence from consumer on-line prices during the social outbreak and Covid-19," Working Papers 2112, Banco de España.
    8. Erwan Gautier, 2008. "The behaviour of producer prices: evidence from French PPI micro data," Empirical Economics, Springer, vol. 35(2), pages 301-332, September.
    9. Javier Andrés & Samuel Hurtado & Eva Ortega & Carlos Thomas, 2009. "Spain in the euro: a general equilibrium analysis," Working Papers 0927, Banco de España.
    10. Dixon, Huw David & Tian, Kun, 2013. "What we can learn about the behavior of firms from the average monthly frequency of price-changes: an application to the UK CPI data," Cardiff Economics Working Papers E2013/1, Cardiff University, Cardiff Business School, Economics Section.
    11. Alvarez González, Luis Julián, 2008. "What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-36.
    12. Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2010. "Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?," Vanderbilt University Department of Economics Working Papers 1120, Vanderbilt University Department of Economics.
    13. Álvarez, Luis J. & Hurtado, Samuel & Sánchez, Isabel & Thomas, Carlos, 2011. "The impact of oil price changes on Spanish and euro area consumer price inflation," Economic Modelling, Elsevier, vol. 28(1-2), pages 422-431, January.
    14. Dixon, H. D., 2009. "A unified framework for understanding and comparing dynamic wage and price-setting models," Working papers 257, Banque de France.
    15. Alejandro C. García-Cintado & Diego Romero-Ávila & Carlos Usabiaga, 2016. "The economic integration of Spain: a change in the inflation pattern," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 25(1), pages 1-41, December.
    16. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    17. Pavel Vikharev & Anna Novak & Andrei Shulgin, 2023. "Inequality and monetary policy: THRANK model," Bank of Russia Working Paper Series wps113, Bank of Russia.
    18. Laurent Baudry & Hervé Le Bihan & Patrick Sevestre & Sylvie Tarrieu, 2007. "What do thirteen million price records have to say about consumer price rigidity?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00279976, HAL.
    19. Alvarez Luis J. & Burriel Pablo, 2010. "Is a Calvo Price Setting Model Consistent with Individual Price Data?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-25, May.
    20. Gautier, E., 2008. "Les ajustements microéconomiques des prix : une synthèse des modèles théoriques et résultats empiriques," Working papers 211, Banque de France.
    21. J. Peña & E. Prades, 2021. "Price setting in Chile: Micro evidence from consumer on-line prices during the social outbreak and Covid-19," Working Papers Central Bank of Chile 906, Central Bank of Chile.
    22. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Pe," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    23. Kochen Federico, 2016. "Price-Setting in Mexico and the Real Effects of Monetary Shocks," Working Papers 2016-21, Banco de México.
    24. Diego Romero-Ávila & Carlos Usabiaga, 2012. "Disaggregate evidence on Spanish inflation persistence," Applied Economics, Taylor & Francis Journals, vol. 44(23), pages 3029-3046, August.

  15. José Manuel Campa & Ignacio Hernando, 2004. "Shareholder Value Creation in European M&As," European Financial Management, European Financial Management Association, vol. 10(1), pages 47-81, March.
    See citations under working paper version above.
  16. Ignacio Hernando & Soledad Núñez, 2004. "The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data," Investigaciones Economicas, Fundación SEPI, vol. 28(2), pages 315-348, May.
    See citations under working paper version above.
  17. Andres, Javier & Hernando, Ignacio & Lopez-Salido, J. David, 2004. "The role of the financial system in the growth-inflation link: the OECD experience," European Journal of Political Economy, Elsevier, vol. 20(4), pages 941-961, November.
    See citations under working paper version above.
  18. Jean-Bernard Chatelain & Andrea Generale & Ignacio Hernando & Ulf von Kalckreuth & Philip Vermeulen, 2003. "New Findings on Firm Investment and Monetary Transmission in the Euro Area," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(1), pages 73-83.

    Cited by:

    1. Joanna Stawska & Katarzyna Miszczyńska, 2017. "The Impact of the European Central Bank’s Interest Rates on Investments in the Euro Area," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 51-72.
    2. Alessandra Guariglia, 2007. "Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms," Discussion Papers 07/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    3. Arslan Majeed & Shahid Mansoor Hashmi & Romila Qamar, 2017. "Monetary Policy Transmission and Firms’ Investment: Evidence From the Manufacturing Sector of Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(66), pages 2-34, December.
    4. Philippe Askenazy & Christophe Cahn & Delphine Irac, 2008. "Competition, R&D and the cost of innovation," Working Papers halshs-00586690, HAL.
    5. I. Arnold & C.J.M. Kool & K. Raabe, 2011. "Industry Effects of Bank Lending in Germany," Working Papers 11-21, Utrecht School of Economics.
    6. Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
    7. von Kalckreuth, Ulf, 2000. "Exploring the role of uncertainty for corporate investment decisions in Germany," Discussion Paper Series 1: Economic Studies 2000,05, Deutsche Bundesbank.
    8. Abdul Karim, Zulkefly, 2010. "Monetary policy and firms’ investment: Dynamic panel data evidence from Malaysia," MPRA Paper 23962, University Library of Munich, Germany, revised 15 May 2010.
    9. Haan, Leo de & Sterken, Elmer, 2002. "Corporate governance, relationship lending and monetary lending monetary policy: firm-level evidence for the Euro area," CCSO Working Papers 200212, University of Groningen, CCSO Centre for Economic Research.
    10. Antoine Mandel & Vipin P Veetil, 2019. "Monetary Dynamics in a Network Economy," Post-Print halshs-02354576, HAL.
    11. Gianni La Cava, 2005. "Financial Constraints, the User Cost of Capital and Corporate Investment in Australia," RBA Research Discussion Papers rdp2005-12, Reserve Bank of Australia.
    12. Guariglia, Alessandra & Robert E Carpenter, 2003. "Cash flow, investment, and investment opportunities: New tests using UK panel data," Royal Economic Society Annual Conference 2003 94, Royal Economic Society.
    13. Ulf von Kalckreuth & Emma Murphy, 2005. "Financial constraints and capacity adjustment in the United Kingdom: evidence from a large panel of survey data," Bank of England working papers 260, Bank of England.
    14. Akarım, Yasemin Deniz, 2013. "The impact of financial factors on export decisions: The evidence from Turkey," Economic Modelling, Elsevier, vol. 35(C), pages 305-308.
    15. Greenaway, David & Guariglia, Alessandra & Kneller, Richard, 2007. "Financial factors and exporting decisions," Journal of International Economics, Elsevier, vol. 73(2), pages 377-395, November.
    16. Bukalska Elżbieta & Skibińska-Fabrowska Ilona, 2023. "Corporate Investment in Bank-Dependent Companies in Crisis Time," Central European Economic Journal, Sciendo, vol. 10(57), pages 1-22, January.
    17. Zulkhibri, 2013. "Corporate Investment Behaviour and Monetary Policy: Evidence from Firm-level Data for Malaysia," Global Economic Review, Taylor & Francis Journals, vol. 42(3), pages 269-290, September.
    18. Christian Bordes & Laurent Clerc, 2007. "Price Stability And The Ecb'S Monetary Policy Strategy," Journal of Economic Surveys, Wiley Blackwell, vol. 21(2), pages 268-326, April.
    19. Auer, Simone, 2019. "Monetary policy shocks and foreign investment income: Evidence from a large Bayesian VAR," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 142-166.
    20. Walch, Florian & Dwenger, Nadja, 2011. "Tax Losses and Firm Investment: Evidence from Tax Statistics," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48699, Verein für Socialpolitik / German Economic Association.
    21. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    22. Ratti, Ronald A. & Lee, Sunglyong & Seol, Youn, 2008. "Bank concentration and financial constraints on firm-level investment in Europe," Journal of Banking & Finance, Elsevier, vol. 32(12), pages 2684-2694, December.
    23. Parul Bhardwaj & Abhishek Kumar, 2019. "Determinants of firm-level investment in India: Does size matter?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-016, Indira Gandhi Institute of Development Research, Mumbai, India.
    24. Long, Shaobo & Pei, Hongxia & Tian, Hao & Li, Fangfang, 2021. "Asymmetric impacts of economic policy uncertainty, capital cost, and raw material cost on China’s investment," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 129-144.
    25. Nadja Dwenger, 2014. "User Cost Elasticity of Capital Revisited," Economica, London School of Economics and Political Science, vol. 81(321), pages 161-186, January.
    26. Hendricks, Torben W. & Kempa, Bernd, 2009. "The credit channel in U.S. economic history," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 58-68.

  19. Ignacio Hernando & Josep A. Tribó, 1999. "Relación entre contratos laborales y financieros: un estudio teórico y empírico para el caso español," Boletín Económico, Banco de España, issue APR, pages 49-55, Abril.
    See citations under working paper version above.
  20. Andres, Javier & Hernando, Ignacio & Kruger, Malte, 1996. "Growth, inflation and the exchange rate regime," Economics Letters, Elsevier, vol. 53(1), pages 61-65, October.

    Cited by:

    1. João Ricardo Faria & Miguel León-Ledesma, 2000. "Testing the Balassa-Samuelson Effect: Implications for Growth and PPP," Studies in Economics 0008, School of Economics, University of Kent.
    2. Zhang, Long & Padhan, Hemachandra & Singh, Sanjay Kumar & Gupta, Monika, 2024. "The impact of renewable energy on inflation in G7 economies: Evidence from artificial neural networks and machine learning methods," Energy Economics, Elsevier, vol. 136(C).
    3. Fizza Malik, 2016. "Modeling Dynamics of Exchange Rates Volatility: A Case of Pakistan from 1980-2010," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 5(3), pages 144-161, September.
    4. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "Assessing the benefits of price stability: The international experience," Estudios Económicos, Banco de España, number 69.
    5. Ms. Jayasri Dutta, 2002. "Dread of Depreciation: Measuring Real Exchange Rate Interventions," IMF Working Papers 2002/063, International Monetary Fund.
    6. Manuel Balmaseda & Miguel Sebastián & Patry Tello, 2002. "Spain Accession to the EMU - A Long and Hilly Road," The Economic and Social Review, Economic and Social Studies, vol. 33(2), pages 195-222.
    7. Monika Blaszkiewicz & Przemek Kowalski & Lukasz Rawdanowicz & Przemyslaw Wozniak, 2004. "Harrod-Balassa-Samuelson Effect in Selected Countries of Central and Eastern Europe," CASE Network Reports 0057, CASE-Center for Social and Economic Research.
    8. Eduardo Levy-Yeyati & Federico Sturzenegger, 2003. "To Float or to Fix: Evidence on the Impact of Exchange Rate Regimes on Growth," American Economic Review, American Economic Association, vol. 93(4), pages 1173-1193, September.
    9. Andrew Abbott & Glauco De Vita, 2011. "Revisiting the Relationship between Inflation and Growth: A Note on the Role of Exchange Rate Regimes," Economic Issues Journal Articles, Economic Issues, vol. 16(1), pages 37-52, March.

  21. Ignacio Hernando & Javier Valles, 1994. "Algunas diferencias en la productividad de las empresas manufactureras españolas," Investigaciones Economicas, Fundación SEPI, vol. 18(1), pages 117-141, January.

    Cited by:

    1. Siotis, Georges, 2003. "Competitive pressure and economic integration: an illustration for Spain, 1983-1996," International Journal of Industrial Organization, Elsevier, vol. 21(10), pages 1435-1459, December.
    2. Ángel Estrada & Javier Vallés, 1998. "Investment and financial structure in Spanish manufacturing firms," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 337-359, September.
    3. Pérez, María & Orea, Luis, 2011. "Productivity growth and its determinants in the Spanish provinces: Do within-regions differences matter?," Efficiency Series Papers 2011/02, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    4. Georges Siotis, 2000. "Market Power, Total Factor Productivity Growth, and Structural Change. An Illustration for Spain, 1983-1996," Working Papers 0001, Banco de España.
    5. Siotis, Georges & Sembenelli, Alessandro, 2005. "Foreign Direct Investment, Competitive Pressure and Spillovers. An Empirical Analysis of Spanish Firm Level Data," CEPR Discussion Papers 4903, C.E.P.R. Discussion Papers.

Chapters

  1. Fructuoso Borrallo & Ignacio Hernando & Javier Vallés, 2017. "The Effects of US Unconventional Monetary Policies in Latin America," Investigación Conjunta-Joint Research, in: Ángel Estrada García & Alberto Ortiz Bolaños (ed.), International Spillovers of Monetary Policy, edition 1, chapter 5, pages 111-154, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    See citations under working paper version above.
  2. Ignacio Hernando & Carmen Martínez-Carrascal, 2005. "The impact of financial variables on firms’ real decisions: evidence from Spanish firm-level data," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 40-63, Bank for International Settlements.
    See citations under working paper version above.
  3. Javier Andrés & Ignacio Hernando, 1999. "Does Inflation Harm Economic Growth? Evidence from the OECD," NBER Chapters, in: The Costs and Benefits of Price Stability, pages 315-348, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.

Books

  1. Laurent Ferrara & Ignacio Hernando & Daniela Marconi (ed.), 2018. "International Macroeconomics in the Wake of the Global Financial Crisis," Financial and Monetary Policy Studies, Springer, number 978-3-319-79075-6, February.

    Cited by:

    1. Eller, Markus & Hauzenberger, Niko & Huber, Florian & Schuberth, Helene & Vashold, Lukas, 2021. "The impact of macroprudential policies on capital flows in CESEE," Journal of International Money and Finance, Elsevier, vol. 119(C).
    2. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2021. "One-stop source: A global database of inflation," CAMA Working Papers 2021-59, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Stefan Avdjiev & Leonardo Gambacorta & Linda S. Goldberg & Stefano Schiaffi, 2017. "The shifting drivers of global liquidity," Staff Reports 819, Federal Reserve Bank of New York.
    4. Jaime Marquez, 2023. "Stylized Facts of the FOMC’s Longer-Run Forecasts," JRFM, MDPI, vol. 16(3), pages 1-20, February.
    5. Peter A.G. van Bergeijk, 2019. "Deglobalization 2.0," Books, Edward Elgar Publishing, number 18560.
    6. Eller, Markus & Huber, Florian & Schuberth, Helene, 2020. "How important are global factors for understanding the dynamics of international capital flows?," Journal of International Money and Finance, Elsevier, vol. 109(C).
    7. Michael Ryan, 2020. "An Anchor in Stormy Seas: Does Reforming Economic Institutions Reduce Uncertainty? Evidence from New Zealand," Working Papers in Economics 20/11, University of Waikato.
    8. Sophie Haincourt, 2018. "The Nature of the Shock Matters: NiGEM Estimations of the Macroeconomic Effects of Recent Dollar and Euro Fluctuations," National Institute Economic Review, National Institute of Economic and Social Research, vol. 244(1), pages 30-38, May.
    9. Nino Buliskeria & Jaromir Baxa & Tomas Sestorad, 2024. "Uncertain Trends in Economic Policy Uncertainty," Working Papers IES 2024/1, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jan 2024.
    10. Stefano Di Bucchianico, 2021. "Negative Interest Rate Policy to Fight Secular Stagnation: Unfeasible, Ineffective, Irrelevant, or Inadequate?," Review of Political Economy, Taylor & Francis Journals, vol. 33(4), pages 687-710, October.

  2. Ángel Estrada & Francisco de Castro & Ignacio Hernando & Javier Vallés, 1997. "La inversión en España," Estudios Económicos, Banco de España, number 61.

    Cited by:

    1. Francisco de Castro, 2006. "The macroeconomic effects of fiscal policy in Spain," Applied Economics, Taylor & Francis Journals, vol. 38(8), pages 913-924.
    2. Cristina Barceló, 2006. "A Q-model of labour demand," Working Papers 0626, Banco de España.
    3. Ángel Estrada & Javier Vallés, 1998. "Investment and financial structure in Spanish manufacturing firms," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 337-359, September.
    4. Aitor Lacuesta & Omar Licandro & Teresa Molina & Luis A. Puch, 2009. "Innovation, Tangible and Intangible Investments and the Value of Spanish Firms," Working Papers 2009-19, FEDEA.
    5. Maximo Marinucci, Luis A. Puch & Luis A. Puch, "undated". "Patrones Recientes de la Inversión en Espana crítico y algunas propuestas de reforma," Studies on the Spanish Economy 237, FEDEA.

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