ECB - European Central Bank

Letter from the ECB President to Mr Fabio de Masi, MEP, on institutional matters

1 day ago

Firm level heterogeneity and the impact of monetary policy on labour demand

2 days ago

Monetary policy asymmetrically affects the response of firms’ employment to an output...

Stockholding in Europe: Evidence from the Consumer Expectations Survey

3 days ago

We examine recent changes in stock market participation using newly available survey...

Identifying relationship-level effects using covariance restrictions

3 days ago

We propose a new model in which relationship-specific effects or shocks are...

Financial Stability Review, May 2026

3 days ago

From dictionaries to AI: a new era in sentiment analysis for financial stability

3 days ago

Financial stability communication is challenging because its task is not to forecast...

House price booms and policy choices: insights from a meta-regression analysis

3 days ago

This special feature examines policy-assignment dilemmas facing macroprudential authorities when housing markets...

Rising bankruptcies, resilient loan books: unpacking euro area corporate credit risk

3 days ago

Corporate bankruptcies in the euro area have been on the rise, but...

Employment effects of EU-ETS prices

4 days ago

This paper studies the employment effects of carbon pricing under the European...

Sequential solution for DSGE models with deep neural networks

4 days ago

This paper develops a sequential deep learning algorithm for solving dynamic stochastic...

Stress in global private credit markets and its implications for euro area financial stability

4 days ago

Recent stress in parts of the US private credit market − including...

Euro area and national balance of payments and international investment position statistics

8 days ago