ECB - European Central Bank

Financial stability risks from linkages between banks and the non-bank financial intermediation sector

4 days ago

Margins as canaries in the coal mine

4 days ago

Central clearing counterparties (CCPs) manage counterparty risk by requiring clearing members to...

Fiscal monitoring with VARs

4 days ago

We design a Bayesian Mixed-Frequency vector autoregression (VAR) model for fiscal monitoring...

Why is Europe lagging behind in high tech sectors? the role of institutional and regulatory quality

5 days ago

This paper investigates the relationship between institutional and regulatory quality, and high-tech...

ECB staff opinion on the revised European Sustainability Reporting Standards (ESRS)

5 days ago

Climate change, catastrophes, insurance and the macroeconomy

5 days ago

This paper examines the role of insurance in mitigating the adverse macroeconomic...

Fiscal seigniorage and price level determination in a currency union

6 days ago

I study price level determination in a currency union when some member...

Money demand by non-financial corporations

6 days ago

We document empirically the money demand by European non-financial corporations by exploiting...

The labour market in the euro area: and yet, it moves!

7 days ago

Unlike past high-inflation episodes, the euro area labour market remained surprisingly resilient...

Consumer price stickiness in the euro area during an inflation surge

7 days ago

We use CPI micro data for nine euro area countries to document...

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

10 days ago

Main findings from the ECB’s recent contacts with non-financial companies

10 days ago

This box summarises the main findings from recent contacts between ECB staff...