ECB - European Central Bank

Eurosystem staff macroeconomic projections for the euro area, December 2025

about 21 hours ago

T2S auto-collateralisation: benefits, conditions and functioning

7 days ago

Simplification of the European prudential regulatory, supervisory and reporting framework

8 days ago

Financial integration and the transmission of monetary policy in the euro area

9 days ago

We study how financial integration shapes the transmission of monetary policy to...

The climate-biodiversity-pollution nexus: the pricing of environmental credit risks for European

10 days ago

This study examines how euro area banks factor pollution-induced biodiversity risks into...

Euro area monetary and financial statistics - Quality report 2024

10 days ago

Misestimating house values: consequences for household finance

11 days ago

This study examines the effect of systematic household misestimation of home prices...

Asset prices, wealth inequality, and welfare: safe assets as a solution

11 days ago

Can rising asset prices reduce wealth inequality? This paper builds a continuous-time...

Letter from the ECB President to Mr Fabio de Masi, MEP, on the economic outlook and monetary policy

14 days ago

Banks’ regulatory risk tolerance

15 days ago

We employ 68 quarters of data – including from non-public supervisory sources...

Estimating the natural rate of interest in a macro-finance yield curve model

16 days ago

Using a novel macro-finance model we infer jointly the equilibrium real interest...

The ESCB forecasting models: what are they and what are they good for?

16 days ago

This report provides a comprehensive overview of the models and tools used...