ECB - European Central Bank

Local institutional ownership and price discovery around extreme weather events

about 18 hours ago

In this event study, we analyze the effect of market segmentation on...

Strike while the iron is hot – optimal monetary policy under state-dependent pricing

2 days ago

We characterize optimal monetary policy under state-dependent pricing. The framework gives rise...

The central bank’s balance sheet and treasury market disruptions

3 days ago

This paper studies how Treasury market dynamics depend on adjustments to the...

The unexpected upside of depreciation: bridging Europe’s income divide

3 days ago

This paper investigates the impact of foreign exchange (FX) shocks on income...

Report on monetary policy tools, strategy and communication

4 days ago

This report focuses on the implications of the changed inflation environment for...

A strategic view on the economic and inflation environment in the euro area

4 days ago

This report offers a strategic view on the economic and inflation environment...

The international dimension of repo: five new facts

4 days ago

We analyze the international dimension of repo markets using novel euro area...

Inflation and floating-rate loans: evidence from the euro-area

4 days ago

We provide novel evidence on the supply-side transmission of monetary policy through...

Letter from the ECB President to Mr Bas Eickhout, MEP, on the secondary objective

8 days ago

Enhancing GDP nowcasts with ChatGPT: a novel application of PMI news releases

8 days ago

This study involves tasking ChatGPT with classifying an “activity sentiment score” based...

A decade of borrower-based measures in the banking union

9 days ago

Borrower-based measures (BBMs) are critical tools in the banking union’s macroprudential policy...

Residential real estate (RRE) lending standards: determinants and financial stability implications

9 days ago

This article looks into residential real estate (RRE) lending standards, focusing on...