ECB - European Central Bank

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

3 days ago

Margins as canaries in the coal mine

3 days ago

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

Fiscal monitoring with VARs

3 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

4 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)

4 days ago

Climate change, catastrophes, insurance and the macroeconomy

4 days ago

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

Fiscal seigniorage and price level determination in a currency union

5 days ago

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

Money demand by non-financial corporations

5 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!

6 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

6 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

8 days ago

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

9 days ago

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