ECB - European Central Bank

Consumer attitudes towards a central bank digital currency

1 day 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

3 days ago

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

Can structural reforms unleash private investment?

3 days ago

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

Prohibition of monetary financing: an economic perspective

4 days ago

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

Monetary policy and the rigidity of firm employment expectations

4 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

7 days ago

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

8 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

8 days ago

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

Youth employment amidst cooling labour demand

8 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

8 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

8 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

8 days ago

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