ECB - European Central Bank

Global trade redirection: tracking the role of trade diversion from US tariffs in Chinese export developments

about 16 hours ago

Global trade flows experienced significant shifts in 2025 following new US tariffs...

The fundamental drivers of recent developments in euro area housing investment

1 day ago

Euro area housing investment has declined steadily in recent years but appears...

Bayesian inference in IV regressions

2 days ago

It is well known that standard frequentist inference breaks down in IV...

Drivers of electricity prices across households and energy-intensive industries and their importance for the EU’s decarbonisation objectives

2 days ago

Electrification is central to the decarbonisation objectives of the EU. Yet, electricity...

A structural model of capital buffer usability

3 days ago

Under which conditions do usability constraints for regulatory capital buffers emerge? To...

Overcoming structural barriers to the green transition

3 days ago

This article assesses the state of play for green innovation in the...

Financial stability risks from linkages between banks and the non-bank financial intermediation sector

7 days ago

Margins as canaries in the coal mine

7 days ago

Central clearing counterparties (CCPs) manage counterparty risk by requiring clearing members to...

Fiscal monitoring with VARs

7 days ago

We design a Bayesian Mixed-Frequency vector autoregression (VAR) model for fiscal monitoring...

Why is Europe lagging behind in high tech sectors? the role of institutional and regulatory quality

8 days ago

This paper investigates the relationship between institutional and regulatory quality, and high-tech...

ECB staff opinion on the revised European Sustainability Reporting Standards (ESRS)

8 days ago

Climate change, catastrophes, insurance and the macroeconomy

8 days ago

This paper examines the role of insurance in mitigating the adverse macroeconomic...