ECB - European Central Bank

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

1 day ago

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

2 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

2 days ago

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

Youth employment amidst cooling labour demand

3 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

3 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

3 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

3 days ago

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

Economic Bulletin Issue 5, 2026

3 days ago

The cost of not knowing: how uncertainty weighs on the euro area economy

3 days ago

Economic uncertainty – the extent to which households, firms, investors and policymakers...

Forecasting the euro area job vacancy rate with earnings calls data

3 days ago

We analyse whether textual information extracted from firms’ earnings calls can improve...

MuSE: a multiple macro-financial scenario simulation engine for stress testing

3 days ago

We design an econometric framework to simulate multiple adverse macro-financial scenarios that...

Europe’s venture capital gap and the financing of high-growth firms

4 days ago

This box examines EU venture capital market developments and the implications for...