ECB - European Central Bank

Letter from the ECB President to Mr Fabio de Masi, MEP, on institutional matters

about 11 hours ago

A robust approach to tilting: parametric relative entropy

1 day ago

We introduce a novel methodology, ”parametric tilting,” for incorporating external information into...

Stablecoins and monetary policy transmission

4 days ago

This paper studies the effects of stablecoin adoption—crypto-assets designed to maintain a...

ECB report on gender diversity in the period 2013-25

4 days ago

Can satellites predict oil demand?

8 days ago

We investigate whether satellite observations of nitrogen dioxide (NO₂) – a short-lived...

The great redistribution that wasn’t: a HANK-OLG perspective on monetary policy

8 days ago

We study the distributional consequences of the recent inflationary surge and the...

Annual Accounts 2025

9 days ago

Consolidated balance sheet of the Eurosystem as at 31 December 2025

9 days ago

Bond funds’ risk taking and monetary policy

9 days ago

Using granular security-level data from bond funds domiciled in the US and...

Stabilizing credit when nonperforming loans surge: the role of asset management companies

10 days ago

When default losses elevate borrowing costs, expanding credit cannot stabilize the economy...

Homeowners insurance and the transmission of monetary policy

10 days ago

We document a novel transmission channel of monetary policy through the homeowners...

Macroeconomic effects of carbon-intensive energy price changes: a model comparison

11 days ago

This paper presents a novel model comparison to examine the challenges posed...