Sylvester C. W. Eijffinger

Tilburg University (CentER) - Department of Economics

Professor of European Financial and Monetary Integration

P.O. Box 90153

Tilburg, 5000 LE

Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

http://www.CESifo.de

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • Tilburg University (CentER) - Department of Economics

    • Email
    • Tel: +31 13 466 2411
    • Fax: +31 13 466 3042
SCHOLARLY PAPERS

62

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323

Scholarly Papers (62)

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1.

Central Bank Independence: An Update of Theory and Evidence

Number of pages: 54 Posted: 08 Feb 2001
Helge Berger, Jakob de Haan, Jakob de Haan and Sylvester C. W. Eijffinger
Free University Berlin - Department of Economics, University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 1,487 (21,626)
Citation 27

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2.

The Politics of Central Bank Independence

Downloads 1,201 (29,668)
Citation 4

The Politics of Central Bank Independence

De Nederlandsche Bank Working Paper No. 539
Number of pages: 28 Posted: 23 Dec 2016
Jakob de Haan, Jakob de Haan and Sylvester C. W. Eijffinger
University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 947 (40,978)
Citation 2

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central bank independence, fiscal dominance, determinants of CBI

The Politics of Central Bank Independence

CentER Discussion Paper Series No. 2016-047, European Banking Center Discussion Paper Series No. 2016-004
Number of pages: 26 Posted: 21 Dec 2016
Jakob de Haan, Jakob de Haan and Sylvester C. W. Eijffinger
University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 254 (200,430)
Citation 1

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central bank independence, fiscal dominance, determinants of CBI

3.

The Trade Off between Central Bank Independence and Conservativeness

Number of pages: 20 Posted: 13 Jan 1997
Sylvester C. W. Eijffinger and Marco Hoeberichts
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank - Research Department
Downloads 505 (94,381)
Citation 3

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4.

The Lender of Last Resort: Liquidity Provision versus the Possibility of Bail-Out

Downloads 429 (114,557)
Citation 1

The Lender of Last Resort: Liquidity Provision versus the Possibility of Bail-Out

European Banking Center Discussion Paper No. 2010-02, CentER Discussion Paper Series No. 2010-20
Number of pages: 25 Posted: 03 Mar 2010
Rob Nijskens and Sylvester C. W. Eijffinger
De Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 288 (176,412)
Citation 1

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Bank Regulation, Lender of Last Resort, Liquidity, Capital, Bailout

The Lender of Last Resort: Liquidity Provision Versus the Possibility of Bail-Out

Paolo Baffi Centre Research Paper No. 2010-69
Number of pages: 25 Posted: 08 Jul 2010 Last Revised: 20 Nov 2010
Sylvester C. W. Eijffinger and Rob Nijskens
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 136 (351,021)
Citation 1

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Bank Regulation, Lender of Last Resort, Liquidity, Capital, Bailout

The Lender of Last Resort: Liquidity Provision versus the Possibility of Bail-Out

CEPR Discussion Paper No. DP7674
Number of pages: 26 Posted: 10 Feb 2010
Sylvester C. W. Eijffinger and Rob Nijskens
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 5 (1,034,985)
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Bailout, Bank Regulation, Capital, Lender of Last Resort, Liquidity

5.

Accountability of Central Banks: Aspects and Quantifications

CentER Discussion Paper Series No. 9854
Number of pages: 27 Posted: 21 Feb 2009
Jakob de Haan, Jakob de Haan, Fabian Amtenbrink and Sylvester C. W. Eijffinger
University of Groningen - Faculty of Economics and BusinessDe Nederlandsche Bank, Erasmus University Rotterdam - Erasmus School of Law and Tilburg University (CentER) - Department of Economics
Downloads 392 (127,184)
Citation 10

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Central banks, democratic accountability, independence, indicators, comparison, European Central Bank

6.

The Impact of the LCR on the Interbank Money Market

Downloads 328 (154,612)
Citation 3

The Impact of the LCR on the Interbank Money Market

De Nederlandsche Bank Working Paper No. 364
Number of pages: 38 Posted: 04 Jan 2013
Clemens Bonner and Sylvester C. W. Eijffinger
De Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 322 (156,703)
Citation 5

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monetary policy, liquidity, interbank market, Basel 3

The Impact of the LCR on the Interbank Money Market

CEPR Discussion Paper No. DP9124
Number of pages: 30 Posted: 28 Sep 2012
Clemens Bonner and Sylvester C. W. Eijffinger
De Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 6 (1,026,134)
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Basel 3, Interbank Market, monetary policy

7.

Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in Emu

Downloads 315 (161,445)
Citation 2

Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in Emu

Number of pages: 33 Posted: 21 Dec 2004
Matteo Governatori and Sylvester C. W. Eijffinger
affiliation not provided to SSRN and Tilburg University (CentER) - Department of Economics
Downloads 273 (186,388)
Citation 1

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Stability and Growth Pact, EMU, asymmetric fiscal rules, decentralised fiscal policy

Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in Emu

Number of pages: 30 Posted: 29 Nov 2004
Sylvester C. W. Eijffinger and Matteo Governatori
Tilburg University (CentER) - Department of Economics and affiliation not provided to SSRN
Downloads 42 (703,938)
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Stability and growth pact, EMU, asymmetric fiscal rules, decentralized fiscal policy

8.

Does Central Bank Transparency Reduce Interest Rates?

Downloads 253 (202,090)

Does Central Bank Transparency Reduce Interest Rates?

CentER Discussion Paper No. 2006-11
Number of pages: 54 Posted: 17 Apr 2006
Petra M. Geraats, Sylvester C. W. Eijffinger and Carin van der Cruijsen
University of Cambridge - Faculty of Economics and Politics, Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 253 (201,236)
Citation 9

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central bank transparency, monetary policy, interest rates

Does Central Bank Transparency Reduce Interest Rates?

CEPR Discussion Paper No. 5526
Posted: 15 Jun 2006
Sylvester C. W. Eijffinger, Petra M. Geraats and Carin van der Cruijsen
Tilburg University (CentER) - Department of Economics, University of Cambridge - Faculty of Economics and Politics and De Nederlandsche Bank

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Central bank transparency, monetary policy, interest rates

9.

Modern Monetary Policy and Central Bank Governance: A Story of Two Tales

Baffi Center Research Paper No. 2014-157
Number of pages: 10 Posted: 29 Aug 2014
Sylvester C. W. Eijffinger and Donato Masciandaro
Tilburg University (CentER) - Department of Economics and Bocconi University - Department of EconomicsBocconi University - Department of Economics (ECO)
Downloads 242 (210,998)
Citation 1

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10.

The Feasible Gains from International Risk Sharing

Downloads 222 (229,354)
Citation 2

The Feasible Gains from International Risk Sharing

Number of pages: 28 Posted: 18 Jun 2001
Sylvester C. W. Eijffinger and Wolf Wagner
Tilburg University (CentER) - Department of Economics and Erasmus University Rotterdam (EUR)
Downloads 198 (254,413)
Citation 2

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international risk sharing, incentive constraints, welfare gains

The Feasible Gains from International Risk Sharing

Number of pages: 28 Posted: 22 Mar 2001
Sylvester C. W. Eijffinger and Wolf Wagner
Tilburg University (CentER) - Department of Economics and Erasmus University Rotterdam (EUR)
Downloads 24 (846,463)
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international risk sharing, incentive constraints, welfare gains

11.

The Economic Impact of Central Bank Transparency: A Survey

Downloads 204 (247,979)
Citation 20

The Economic Impact of Central Bank Transparency: A Survey

CentER Discussion Paper Series No. 2007-06
Number of pages: 43 Posted: 09 Feb 2007
Carin van der Cruijsen and Sylvester C. W. Eijffinger
De Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 192 (261,720)
Citation 15

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central bank transparency, monetary policy, survey

The Economic Impact of Central Bank Transparency: A Survey

CEPR Discussion Paper No. 6070
Number of pages: 44 Posted: 29 Jun 2007
Sylvester C. W. Eijffinger and Carin van der Cruijsen
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 12 (966,336)
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Central bank transparency, monetary policy, survey

12.

Optimal Central Bank Transparency

Downloads 183 (273,484)
Citation 15

Optimal Central Bank Transparency

CentER Discussion Paper Series No. 2008-59
Number of pages: 29 Posted: 30 Jun 2008
Carin van der Cruijsen, Sylvester C. W. Eijffinger and Lex Hoogduin
De Nederlandsche Bank, Tilburg University (CentER) - Department of Economics and Bank of the Netherlands
Downloads 181 (275,894)

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central bank transparency, monetary policy, inflation persistence

Optimal Central Bank Transparency

CEPR Discussion Paper No. DP6889
Number of pages: 31 Posted: 20 Aug 2008
Carin van der Cruijsen, Sylvester C. W. Eijffinger and Lex Hoogduin
De Nederlandsche Bank, Tilburg University (CentER) - Department of Economics and Bank of the Netherlands
Downloads 2 (1,059,522)
Citation 4
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central bank transparency, inflation persistence, monetary policy

13.

The Effect of Monetary Policy on Exchange Rates During Currency Crisis: The Role of Debt, Institutions and Financial Openness

Number of pages: 24 Posted: 23 May 2007 Last Revised: 19 Sep 2009
Sylvester C. W. Eijffinger and Benedikt Goderis
Tilburg University (CentER) - Department of Economics and The Netherlands Institute for Social Research|SCP
Downloads 182 (274,750)

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currency crisis, institutions, monetary policy, short-term debt, external debt, capital account openness

14.

Can the Fed Talk the Hind Legs Off the Stock Market?

Downloads 173 (287,297)
Citation 2

Can the Fed Talk the Hind Legs Off the Stock Market?

European Banking Center Discussion Paper No. 2012-006, CentER Discussion Paper Series No. 2012-012
Number of pages: 47 Posted: 16 Jun 2011 Last Revised: 09 Oct 2012
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 115 (398,638)
Citation 2

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Monetary policy, Federal Reserve Communication, Credit channel, Business

Can the Fed Talk the Hind Legs Off the Stock Market?

Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 40 Posted: 13 Oct 2011
Louis Raes, Sylvester C. W. Eijffinger and Ronald Mahieu
Tilburg University, Tilburg University (CentER) - Department of Economics and Tilburg University - Center for Economic Research, Econometrics and Finance Group
Downloads 55 (624,578)

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Monetary policy, Monetary policy announcements, Credit Channel, Business cycle, Stock market

Can the Fed Talk the Hind Legs Off the Stock Market?

CEPR Discussion Paper No. DP8450
Number of pages: 43 Posted: 25 Jun 2011
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 3 (1,051,404)
Citation 1
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business cycle, credit channel, monetary policy, monetary policy announcements, stock market

15.

The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate

Downloads 158 (310,173)
Citation 3

The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate

CentER Discussion Paper No. 2005-101
Number of pages: 31 Posted: 02 Oct 2005
Marco Buti, Sylvester C. W. Eijffinger and Daniele Franco
European Commission, DG II, Tilburg University (CentER) - Department of Economics and Bank of Italy
Downloads 134 (355,130)
Citation 7

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EMS, fiscal policy, fiscal rules, Economic and Monetary Union, Stability and Growth Pact

The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate

CEPR Discussion Paper No. 5216
Number of pages: 34 Posted: 07 Oct 2005
Marco Buti, Sylvester C. W. Eijffinger and Daniele Franco
European Commission, DG II, Tilburg University (CentER) - Department of Economics and Bank of Italy
Downloads 24 (846,463)
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Fiscal policy, fiscal rules, economic and monetary union, Stability and Growth Pact

16.

A Dynamic Analysis of Bank Bailouts and Constructive Ambiguity

Downloads 141 (340,356)

A Dynamic Analysis of Bank Bailouts and Constructive Ambiguity

Paolo Baffi Centre Research Paper No. 2012-119
Number of pages: 34 Posted: 28 Jul 2012
Sylvester C. W. Eijffinger and Rob Nijskens
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 139 (344,960)

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banking, liquidity, Lender of Last Resort, regulation, commitment

A Dynamic Analysis of Bank Bailouts and Constructive Ambiguity

CEPR Discussion Paper No. DP8953
Number of pages: 35 Posted: 25 May 2012
Sylvester C. W. Eijffinger and Rob Nijskens
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 2 (1,059,522)
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banking, commitment, Lender of Last Resort, liquidity, regulation

17.

Globalization and the Output-Inflation Tradeoff: New Time Series Evidence

Downloads 134 (354,160)

Globalization and the Output-Inflation Tradeoff: New Time Series Evidence

European Banking Center Discussion Paper No. 2010-04, CentER Discussion Paper Series No. 2010-27
Number of pages: 25 Posted: 22 Mar 2010
Sylvester C. W. Eijffinger and Zongxin Qian
Tilburg University (CentER) - Department of Economics and Renmin University of China - School of Finance
Downloads 132 (359,230)
Citation 1

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openness, output-inflation tradeoff, Phillips curve, time inconsistency theory

Globalization and the Output-Inflation Tradeoff: New Time Series Evidence

CEPR Discussion Paper No. DP7718
Number of pages: 26 Posted: 09 Mar 2010
Sylvester C. W. Eijffinger and Zongxin Qian
Tilburg University (CentER) - Department of Economics and Renmin University of China - School of Finance
Downloads 2 (1,059,522)
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openness, output-inflation tradeoff, Phillips curve, time inconsistency theory

18.

Heterogeneous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules for Inflation Targeting

Bank of Finland Research Discussion Paper No. 23/2004, CentER Discussion Paper No. 2004-14
Number of pages: 53 Posted: 21 Jun 2004
Eric Schaling, Sylvester C. W. Eijffinger and M. F. Tesfaselassie
Rand Afrikaans University - Department of Economics, Tilburg University (CentER) - Department of Economics and Kiel Institute for the World Economy
Downloads 134 (354,160)
Citation 1

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Information, term structure of interest rates, least squares, optimization, inflation, forecasting, learning, rational expectations, Kalman filter

19.

Currency Crisis, Monetary Policy, and Corporate Balance Sheet Vulnerabilities

CentER Discussion Paper No. 2005-113
Number of pages: 33 Posted: 21 Nov 2005
Sylvester C. W. Eijffinger and Benedikt Goderis
Tilburg University (CentER) - Department of Economics and The Netherlands Institute for Social Research|SCP
Downloads 123 (377,696)
Citation 1

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currency, financial crisis, monetary policy, foreign debt, balance sheets, short term debt

20.

Incentive Schemes for Central Bankers Under Uncertainty: Inflation Targets Versus Contracts

Bank of England Working Paper No. 88
Number of pages: 33 Posted: 04 Mar 1999
Eric Schaling, Marco Hoeberichts and Sylvester C. W. Eijffinger
Rand Afrikaans University - Department of Economics, De Nederlandsche Bank - Research Department and Tilburg University (CentER) - Department of Economics
Downloads 113 (401,805)

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21.

Inferring Hawks and Doves from Voting Records

Downloads 108 (415,083)
Citation 13

Inferring Hawks and Doves from Voting Records

European Banking Center Discussion Paper No. 2013-004, CentER Discussion Paper Series No. 2013-024
Number of pages: 31 Posted: 09 Apr 2013 Last Revised: 24 Jun 2013
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 105 (426,085)
Citation 9

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Voting records, Central Banking, Committees, Ideal points

Inferring Hawks and Doves from Voting Records

CEPR Discussion Paper No. DP9418
Number of pages: 46 Posted: 10 Apr 2013
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 3 (1,051,404)
Citation 5
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central banking, ideal points, voting record

22.

Actual Versus Perceived Central Bank Transparency: The Case of the European Central Bank

Downloads 107 (417,867)
Citation 14

Actual Versus Perceived Central Bank Transparency: The Case of the European Central Bank

CentER Discussion Paper No. 2007-78
Number of pages: 44 Posted: 29 Oct 2007
Carin van der Cruijsen and Sylvester C. W. Eijffinger
De Nederlandsche Bank and Tilburg University (CentER) - Department of Economics
Downloads 105 (426,085)
Citation 1

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Central bank transparency, Perceptions, Survey, CentERpanel, Behavioral Economics

Actual versus Perceived Central Bank Transparency: The Case of the European Central Bank

CEPR Discussion Paper No. DP6525
Number of pages: 45 Posted: 05 Jun 2008
Sylvester C. W. Eijffinger and Carin van der Cruijsen
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
Downloads 2 (1,059,522)
Citation 4
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behavioural economics, CentERpanel, central bank transparency, perceptions, survey

23.

The Role of Central Bank Transparency for Guiding Private Sector Forecasts

Downloads 105 (423,473)
Citation 18

The Role of Central Bank Transparency for Guiding Private Sector Forecasts

ECB Working Paper No. 1146
Number of pages: 44 Posted: 26 Jan 2010
Michael Ehrmann, Sylvester C. W. Eijffinger and Marcel Fratzscher
European Central Bank (ECB), Tilburg University (CentER) - Department of Economics and DIW Berlin
Downloads 100 (441,258)
Citation 4

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central banking, transparency, disagreement, survey expectations, monetary policy, inflation targeting, central bank communication, forecasting

The Role of Central Bank Transparency for Guiding Private Sector Forecasts

CEPR Discussion Paper No. DP7585
Number of pages: 41 Posted: 11 Jan 2010
Michael Ehrmann, Sylvester C. W. Eijffinger and Marcel Fratzscher
European Central Bank (ECB), Tilburg University (CentER) - Department of Economics and DIW Berlin
Downloads 5 (1,034,985)
Citation 3
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central bank communication, central banking, disagreement, forecasting, inflation targeting, monetary policy, survey expectations, transparency

24.

Learning About the Term Structure and Optimal Rules for Inflation Targeting

Downloads 102 (432,268)
Citation 1

Learning About the Term Structure and Optimal Rules for Inflation Targeting

CentER Discussion Paper No. 2006-88
Number of pages: 37 Posted: 11 Oct 2006
M. F. Tesfaselassie, Eric Schaling and Sylvester C. W. Eijffinger
Kiel Institute for the World Economy, Rand Afrikaans University - Department of Economics and Tilburg University (CentER) - Department of Economics
Downloads 84 (494,472)
Citation 3

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Learning, Rational Expectations, Separation Principle, Term Structure of Interest Rates

Learning About the Term Structure and Optimal Rules for Inflation Targeting

CEPR Discussion Paper No. 5896
Number of pages: 40 Posted: 28 Dec 2006
Sylvester C. W. Eijffinger, Eric Schaling and M. F. Tesfaselassie
Tilburg University (CentER) - Department of Economics, Rand Afrikaans University - Department of Economics and Kiel Institute for the World Economy
Downloads 18 (904,099)
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Learning, rational expectations, separation principle, term structure of interest rates

25.

Structural Reforms and Growth: Product and Labor Market Deregulations

Downloads 99 (441,223)

Structural Reforms and Growth: Product and Labor Market Deregulations

CentER Discussion Paper Series No. 2006-112
Number of pages: 32 Posted: 30 Nov 2006
Sylvester C. W. Eijffinger and Alberto G. P. Rossi
Tilburg University (CentER) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 74 (533,627)

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employment, unemployment, wages, growth, regulation, productivity, IMD

Structural Reforms and Growth: Product and Labor Market Deregulations

CEPR Discussion Paper No. 5988
Number of pages: 33 Posted: 01 Feb 2007
Sylvester C. W. Eijffinger and Alberto G. P. Rossi
Tilburg University (CentER) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 25 (837,269)
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Employment, unemployment, wages, growth, regulation, productivity, IMD competitiveness index

26.

The Effect of Monetary Policy on Exchange Rates During Currency Crises; the Role of Debt, Institutions and Financial Openness

ERIM Report Series Reference No. ERS-2007-022-F&A
Number of pages: 37 Posted: 14 May 2007
Sylvester C. W. Eijffinger and B. Goderis
Tilburg University (CentER) - Department of Economics and affiliation not provided to SSRN
Downloads 98 (444,234)

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Institutions, Capital Account Openness, Currency Crises, External Debt, Monetary Policy, Short-Term Debt

27.

Monetary Policy Rules, Adverse Selection and Long-Run Financial Risk

European Banking Center Discussion Paper No. 2011-032, CentER Discussion Paper Series No. 2011-121
Number of pages: 58 Posted: 25 Nov 2011
Hans J. Blommestein, Sylvester C. W. Eijffinger and Zongxin Qian
Vivid Economics, Tilburg University (CentER) - Department of Economics and Renmin University of China - School of Finance
Downloads 93 (459,618)
Citation 2

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Monetary Policy, Adverse Selection, Financial Crisis

28.

Heterogeneity in Wage Setting Behavior in a New-Keynesian Model

Downloads 84 (489,662)

Heterogeneity in Wage Setting Behavior in a New-Keynesian Model

CentER Discussion Paper Series No. 2015-024, European Banking Center Discussion Paper No. 2015-006
Number of pages: 65 Posted: 02 Apr 2015
Sylvester C. W. Eijffinger, Anderson Grajales-Olarte and Burak Uras
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research (CentER) and Tilburg University - Center for Economic Research (CentER)
Downloads 84 (494,472)

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Heterogeneity, Price, Wage and Information Stickiness, Bayesian Estimation

Heterogeneity in Wage Setting Behavior in a New-Keynesian Model

CEPR Discussion Paper No. DP10532
Number of pages: 66 Posted: 09 Apr 2015
Sylvester C. W. Eijffinger, Anderson Grajales and Burak Uras
Tilburg University (CentER) - Department of Economics, Tilburg University and Tilburg University - Center for Economic Research (CentER)
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Bayesian estimation, heterogeneity, price, wage and information stickiness

29.

How European Unification Has Shaped the Debate on Measuring International Financial Integration

Number of pages: 19 Posted: 03 Jan 2012 Last Revised: 11 Feb 2013
Mary Pieterse-Bloem and Sylvester C. W. Eijffinger
Erasmus Research Institute of Management (ERIM) and Tilburg University (CentER) - Department of Economics
Downloads 81 (500,310)

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Europe, international financial integration, financial markets, macroeconomics, finance

30.

Revisiting the Stability and Growth Pact: Grand Design or Internal Adjustment?

Number of pages: 39 Posted: 29 Jan 2003
Marco Buti, Sylvester C. W. Eijffinger and Daniele Franco
European Commission, DG II, Tilburg University (CentER) - Department of Economics and Bank of Italy
Downloads 78 (511,499)
Citation 2
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Fiscal policy, fiscal rules, economic and monetary union, stability and growth pact

31.

Monetary Policy Committees, Voting Behavior and Ideal Points

BAFFI CAREFIN Centre Research Paper No. 2016-28
Number of pages: 12 Posted: 30 Jul 2016
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 69 (547,753)

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32.

Hawks and Doves at the FOMC

Downloads 64 (569,762)

Hawks and Doves at the FOMC

CentER Discussion Paper Series No. 2015-013, European Banking Center Discussion Paper Series No. 2015-003
Number of pages: 25 Posted: 28 Feb 2015
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 64 (578,537)

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Central Banks; Committees; Transcripts; Ideal Points; FOMC

Hawks and Doves at the FOMC

CEPR Discussion Paper No. DP10442
Number of pages: 26 Posted: 24 Feb 2015
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
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central banks, committees, FOMC, ideal points, transcripts

33.

Learning About the Term Structure and Optimal Rules for Inflation Targeting

ERIM Report Series Reference No. ERS-2006-058-F&A
Number of pages: 43 Posted: 23 Dec 2006
Sylvester C. W. Eijffinger, E. Schaling and M. F. Tesfaselassie
Tilburg University (CentER) - Department of Economics, Tilburg University, CentER and Kiel Institute for the World Economy
Downloads 64 (569,762)

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Learning, Rational Expectations, Separation Principle, Term Structure of Interest Rates

34.

Estimating the Preferences of Central Bankers: An Analysis of Four Voting Records

Downloads 62 (578,792)
Citation 10

Estimating the Preferences of Central Bankers: An Analysis of Four Voting Records

European Banking Center Discussion Paper No. 2013-009, CentER Discussion Paper Series No. 2013-047
Number of pages: 26 Posted: 30 Aug 2013
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
Downloads 62 (588,094)
Citation 10

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Ideal points, Voting records, Central Banking, NBP, CNB, MNB, Riskbank

Estimating the Preferences of Central Bankers: An Analysis of Four Voting Records

CEPR Discussion Paper No. DP9602
Number of pages: 28 Posted: 20 Aug 2013
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
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Central Banking, Ideal points, Voting records

35.

Regime-Dependent Determinants of Euro Area Sovereign CDS Spreads

Journal of Financial Stability, Forthcoming
Number of pages: 40 Posted: 27 Nov 2015
Hans J. Blommestein, Sylvester C. W. Eijffinger and Zongxin Qian
Vivid Economics, Tilburg University (CentER) - Department of Economics and Renmin University of China - School of Finance
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Regime switching, Endogeneity, European debt crisis, Sovereign credit

36.

Sovereign Debt, Bail-Outs and Contagion in a Monetary Union

European Banking Center Discussion Paper Series No. 2015-004, CentER Discussion Paper Series No. 2015-018
Number of pages: 23 Posted: 07 Mar 2015
Sylvester C. W. Eijffinger, Michal L. Kobielarz and Burak Uras
Tilburg University (CentER) - Department of Economics, Tilburg University and Tilburg University - Center for Economic Research (CentER)
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EMU, sovereign debt crisis, contagion, bail-out, interest rate spreads

37.

Currency Crises, Monetary Policy and Balance Sheet Vulnerabilities

Number of pages: 33 Posted: 15 Sep 2009
Sylvester C. W. Eijffinger and Benedikt Goderis
Tilburg University (CentER) - Department of Economics and The Netherlands Institute for Social Research|SCP
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Currency Crises, Monetary Policy, Short-Term Debt, Foreign Debt, Corporate Balance Sheets

38.

Central Bank Accountability and Transparency: Theory and Some Evidence

Bundesbank Series 1 Discussion Paper No. 2000,06
Number of pages: 29 Posted: 08 Jun 2016
Sylvester C. W. Eijffinger and Marco Hoeberichts
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank - Research Department
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monetary policy, central banks, transparency, accountability

39.

How Transparent are Central Banks?

Number of pages: 43 Posted: 26 Feb 2002
Sylvester C. W. Eijffinger and Petra M. Geraats
Tilburg University (CentER) - Department of Economics and University of Cambridge - Faculty of Economics and Politics
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Central banking, monetary policy, independence, accountability, transparency

40.

A Theory of Central Bank Accountability

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A Theory of Central Bank Accountability

Number of pages: 22 Posted: 04 May 2001
Sylvester C. W. Eijffinger, Marco Hoeberichts and Eric Schaling
Tilburg University (CentER) - Department of Economics, De Nederlandsche Bank - Research Department and Rand Afrikaans University - Department of Economics
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Accountability, central banks, monetary policy, transparency

A Theory of Central Bank Accountability

CentER Discussion Paper Series No. 1998-103
Posted: 10 Aug 1999
Sylvester C. W. Eijffinger, Marco Hoeberichts and Eric Schaling
Tilburg University (CentER) - Department of Economics, De Nederlandsche Bank - Research Department and Rand Afrikaans University - Department of Economics

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41.

Taxation If Capital is Not Perfectly Mobile: Tax Competition Versus Tax Exportation

Number of pages: 35 Posted: 18 Dec 2001
Sylvester C. W. Eijffinger and Wolf Wagner
Tilburg University (CentER) - Department of Economics and Erasmus University Rotterdam (EUR)
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Tax competition, capital mobility, cross-ownership

42.

Monetary Policy and the Rule of Law

Number of pages: 30 Posted: 31 Jan 2003
Sylvester C. W. Eijffinger and Patrick Stadhouders
Tilburg University (CentER) - Department of Economics and F. van Lanschot Bankiers
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Central banks, legal independence, transition economies, inflation, reform

43.

Central Bank Forecasts and Disclosure Policy: Why it Pays to Be Optimistic

Number of pages: 30 Posted: 11 May 2005
Sylvester C. W. Eijffinger and M. F. Tesfaselassie
Tilburg University (CentER) - Department of Economics and Kiel Institute for the World Economy
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Forward-looking expectations, private information, central bank forecasts, central bank disclosure, central bank transparency

44.

Financial Crises, Monetary Policy and Financial Fragility; a Second-Generation Model of Currency Crises

Number of pages: 43 Posted: 13 Dec 2002
Sylvester C. W. Eijffinger and Benedikt Goderis
Tilburg University (CentER) - Department of Economics and The Netherlands Institute for Social Research|SCP
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Financial crises, monetary policy, financial fragility, currency crises, Asian crisis

45.

Central Bank Communication and Output Stabilization

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Central Bank Communication and Output Stabilization

Number of pages: 23 Posted: 29 Jun 2004
Sylvester C. W. Eijffinger, Marco Hoeberichts and M. F. Tesfaselassie
Tilburg University (CentER) - Department of Economics, De Nederlandsche Bank - Research Department and Kiel Institute for the World Economy
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Monetary policy, central bank, information processing, expectation formation

Central Bank Communication and Output Stabilization

Oxford Economic Papers, Vol. 61, Issue 2, pp. 395-411, 2009
Posted: 27 Mar 2009
Marco Hoeberichts, M. F. Tesfaselassie and Sylvester C. W. Eijffinger
De Nederlandsche Bank - Research Department, Kiel Institute for the World Economy and Tilburg University (CentER) - Department of Economics

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46.

Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules

Number of pages: 37 Posted: 07 Apr 2004
Sylvester C. W. Eijffinger, Eric Schaling and M. F. Tesfaselassie
Tilburg University (CentER) - Department of Economics, Rand Afrikaans University - Department of Economics and Kiel Institute for the World Economy
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Learning, rational expectations, separation principle, Kalman filter, term structure of interest rates

47.

Flexible Inflation Targeting Under a Non-Linear Phillipscurve

Number of pages: 42 Posted: 06 Sep 2001
Sylvester C. W. Eijffinger and Willem Verhagen
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
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Convex Phillipscurve, uncertainty, optimal degree of central bank flexibility

48.

The Bond Yield Conundrum: Alternative Hypotheses and the State of the Economy

CEPR Discussion Paper No. DP8063
Number of pages: 36 Posted: 22 Nov 2010
Sylvester C. W. Eijffinger, Ronald Mahieu and Louis Raes
Tilburg University (CentER) - Department of Economics, Tilburg University - Center for Economic Research, Econometrics and Finance Group and Tilburg University
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affine models, monetary policy, term premium, yield curve

49.

Animal Spirits in the Euro Area Sovereign CDS Market

CEPR Discussion Paper No. DP9092
Number of pages: 38 Posted: 28 Sep 2012
Hans J. Blommestein, Sylvester C. W. Eijffinger and Zongxin Qian
Vivid Economics, Tilburg University (CentER) - Department of Economics and Renmin University of China - School of Finance
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Animal spirit, Euro, sovereign CDS

50.

Complementing Bagehot: Illiquidity and Insolvency Resolution

CEPR Discussion Paper No. DP8603
Number of pages: 33 Posted: 01 Nov 2011
Sylvester C. W. Eijffinger and Rob Nijskens
Tilburg University (CentER) - Department of Economics and De Nederlandsche Bank
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Bailout, Bank Regulation, Capital, Lender of Last Resort, Liquidity

51.

Currency Crises and Monetary Policy: A Study on Advanced and Emerging Economies

CEPR Discussion Paper No. DP7798
Number of pages: 28 Posted: 19 May 2010
Sylvester C. W. Eijffinger and Bilge Karatas
Tilburg University (CentER) - Department of Economics and Tilburg University - Center for Economic Research (CentER)
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Currency crises, Interest Rate Defense, Monetary Policy

52.

A Dynamic General Equilibrium Analysis of Monetary Policy Rules, Adverse Selection and Long-Run Financial Risk

CEPR Discussion Paper No. DP8652
Number of pages: 60 Posted: 24 Nov 2011
Hans J. Blommestein, Sylvester C. W. Eijffinger and Zongxin Qian
Vivid Economics, Tilburg University (CentER) - Department of Economics and Renmin University of China - School of Finance
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Adverse Selection, Financial Crisis, Monetary Policy

53.

Three Sisters: The Interlinkage between Sovereign Debt, Currency and Banking Crises

CEPR Discussion Paper No. DP9369
Number of pages: 29 Posted: 05 Mar 2013
Sylvester C. W. Eijffinger and Bilge Karatas
Tilburg University (CentER) - Department of Economics and Tilburg University - Center for Economic Research (CentER)
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banking crisis, currency crisis, debt crisis, emerging markets

54.

Financial Spillovers of International Monetary Policy: Six Hypotheses on the Latin American Case, 2010-2016

CEPR Discussion Paper No. DP12678
Number of pages: 38 Posted: 05 Feb 2018
Sylvester C. W. Eijffinger and Jonathan Malagon
Tilburg University (CentER) - Department of Economics and National University of Colombia
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central banking, financial asset prices, financial globalization, Financial spillovers, Latin America, monetary policy

55.

The Effect of Monetary Policy on Exchange Rates During Currency Crises: The Role of Debt, Institutions and Financial Openness

CEPR Discussion Paper No. DP6217
Number of pages: 37 Posted: 22 May 2008
Sylvester C. W. Eijffinger and Benedikt Goderis
Tilburg University (CentER) - Department of Economics and The Netherlands Institute for Social Research|SCP
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Capital account openness, currency crises, external debt, institutions, monetary policy, short-term debt

56.

Sovereign Debt, Bail-Outs and Contagion in a Monetary Union

CEPR Discussion Paper No. DP10459
Number of pages: 24 Posted: 02 Mar 2015
Sylvester C. W. Eijffinger, Michal L. Kobielarz and Burak Uras
Tilburg University (CentER) - Department of Economics, Tilburg University and Tilburg University - Center for Economic Research (CentER)
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bail-out, contagion, interest rate spreads, sovereign debt crisis

57.

Optimal Commitment in an Open Economy: Credibility vs. Flexibility

Bank of England Working Paper No. 41
Posted: 06 Nov 2003
Sylvester C. W. Eijffinger and Eric Schaling
Tilburg University (CentER) - Department of Economics and Rand Afrikaans University - Department of Economics

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58.

A Theory of Interest Rate Stepping: Inflation Targeting in a Dynamic Menu Cost Model

Tilburg University, CentER Working Paper No. 1999-71
Posted: 18 Feb 2000
Sylvester C. W. Eijffinger, E. Schaling and Willem Verhagen
Tilburg University (CentER) - Department of Economics, Tilburg University, CentER and De Nederlandsche Bank

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59.

The Term Structure of Interest Rates and Inflation

Tilburg University, CentER Working Paper No. 1998-85
Posted: 28 Nov 1999
Sylvester C. W. Eijffinger, E. Schaling and Willem Verhagen
Tilburg University (CentER) - Department of Economics, Tilburg University, CentER and De Nederlandsche Bank

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60.

Should Monetary Policy Be Adjusted Frequently?

Posted: 24 May 1999
Harry Huizinga and Sylvester C. W. Eijffinger
Tilburg University - Center for Economic Research (CentER) and Tilburg University (CentER) - Department of Economics

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61.

Accountability of Central Banks: Aspects and Quantification

CentER Discussion Paper Series No. 1998-54
Posted: 29 Nov 1998
J.L. de Haan and Sylvester C. W. Eijffinger
Tilburg University, CentER and Tilburg University (CentER) - Department of Economics

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62.

Incentive Contracts for Central Bankers Under Uncertainty: Walsh-Svensson Non-Equivalence Revisited

CentER Discussion Paper Series No. 1998-11
Posted: 25 Nov 1998
Eric Schaling, Marco Hoeberichts and Sylvester C. W. Eijffinger
Rand Afrikaans University - Department of Economics, De Nederlandsche Bank - Research Department and Tilburg University (CentER) - Department of Economics

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