ECB - European Central Bank

Consumer attitudes towards a central bank digital currency

5 days ago

We field a series of experiments in a survey of European consumers...

The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2024 and 2025

6 days ago

The Eurosystem implements its monetary policy through a set of monetary policy...

Can structural reforms unleash private investment?

7 days ago

This paper examines the impact of labour and product market reforms on...

Prohibition of monetary financing: an economic perspective

8 days ago

This paper analyses the European prohibition of monetary financing from an economic...

Monetary policy and the rigidity of firm employment expectations

8 days ago

This paper examines how monetary policy announcements affect firms’ employment expectations. Using...

Letter from the ECB President to Mr Gerald Hauser, MEP, on digital euro

10 days ago

Macro-at-Risk in the euro area Expert Group on Macro-at-Risk Time-Series Workstream

12 days ago

This paper introduces reduced-form macroeconometric tools, emphasising quantile regression models, to identify...

Financial frictions across the production network and the transmission of monetary policy

12 days ago

We show that monetary policy transmission is shaped not only by a...

Youth employment amidst cooling labour demand

12 days ago

Have labour market prospects deteriorated more for young workers than for the...

Capturing inflation expectations (de-)anchoring and what survey-based metrics are telling us

12 days ago

This box assesses the anchoring of longer-term inflation expectations following the recent...

The ECB-BIG index: tracking credit conditions in the euro area

12 days ago

This box introduces the European Central Bank Broad Intermediation Gauge (ECB-BIG) index...

Assessing the scope for compensatory fiscal measures in response to the recent energy shock

12 days ago

This box assesses the scope for euro area governments to adopt compensatory...