ECB - European Central Bank

Hitting record highs: unpacking support for the euro

about 16 hours ago

In the latest round of the European Commission’s biannual Standard Eurobarometer survey...

Household borrowing and monetary policy transmission: post-pandemic insights from nine European credit registers

about 19 hours ago

We study heterogeneity in households’ credit across nine European countries (Belgium, Spain...

Letter from the ECB President to Mr Markus Ferber, MEP, on TARGET Services

4 days ago

Collateral easing in non-standard times: a review of the role of Additional Credit Claims in the Eurosystem collateral framework

4 days ago

In this paper we explore the role of the temporary and country-specific...

Monetary and fiscal policy interactions in the aftermath of an inflationary shock

5 days ago

This paper studies the effect of alternative monetary policy responses and the...

Monetary policy transmission: a reference guide through ESCB models and empirical benchmarks

5 days ago

This paper serves as a reference guide on the effects of “standard”...

The protectionist gamble: How tariffs shape greenfield foreign direct investment

6 days ago

Motivated by current events, this paper assesses the impact of tariff increases...

Geopolitical risk, bank lending and real effects on firms: evidence from the Russian invasion of Ukraine

6 days ago

This paper investigates whether geopolitical risk causes a reduction in bank lending...

Developing distributional national accounts: first attempt to estimate a joint distribution for income and wealth for the euro area

7 days ago

In recent years, projects have sought to embed distributional aspects within national...

Reputation for Confidence

7 days ago

We model how a central bank communicates its noisy forecasts (forward guidance)...

Banking on assumptions? How banks model deposit maturities

8 days ago

How do banks manage the behavioural maturity of non-maturing deposits (NMDs)? Using...

Human rights, the climate emergency, and the financial system

11 days ago

On 9 April 2024, the European Court of Human Rights (ECtHR) delivered...