ECB - European Central Bank

A theory of bank liquidity requirements

about 3 hours ago

We develop a general equilibrium theory of financial intermediation and its implications...

How do economies with open labour markets work? The role of temporary migration in the European Union

1 day ago

This paper studies how temporary migration affects macroeconomic fluctuations and the conduct...

Measuring geoeconomic tension: a large-language-model approach for the euro area

2 days ago

We construct an index of geopolitical and geoeconomic tension for the euro...

Barriers to a European Banking Union

2 days ago

We quantify barriers to cross-border bank lending to firms within the euro...

Monetary policy transmission via banks to firms

3 days ago

This Occasional Paper reviews evidence from the ChaMP Research Network on the...

Monetary policy transmission through the financial system to households

3 days ago

This Occasional Paper reviews evidence from the ChaMP Research Network on the...

Monetary policy transmission and non-bank financial intermediation

3 days ago

The growing importance of non‑bank financial intermediaries (NBFIs) also has important implications...

The propagation of shocks across the production network and implications for monetary policy

3 days ago

The repeated occurrence of supply-chain disruptions since the COVID-19 pandemic reveals the...

Monetary policy transmission and structural changes

3 days ago

This paper surveys research from the ESCB ChaMP Research Network on how...

ESS-ESCB Quality assessment report on statistics underlying the Macroeconomic Imbalance Procedure

13 days ago

How US financial markets react to geopolitical shocks hitting oil supply

14 days ago

This box assesses how energy supply disruptions associated with geopolitical shocks are...

Tracking euro area labour market developments through restructuring announcements

14 days ago

This box examines whether large-scale restructuring announcements recorded in the European Restructuring...