ECB - European Central Bank

Estimating the full effect of a partially anticipated event: a market-based approach applied to the case of TLTROIII

3 days ago

This paper presents an event-study methodology that combines market data and survey-based...

A portfolio perspective on euro area bank profitability using stress test data

4 days ago

This study assesses euro area banks’ profitability using granular stress test data...

Tackling the volatility paradox: spillover persistence and systemic risk

6 days ago

Financial losses can have persistent effects on the financial system. This paper...

Digital euro demand: design, individuals’ payment preferences and socioeconomic factors

6 days ago

By applying a structural demand model to unique consumer-level survey data from...

ECB staff macroeconomic projections for the euro area, September 2024

7 days ago

Letter from Piero Cipollone to Aurore Lalucq, ECON Chair, on update on the work of the digital euro scheme's Rulebook Development Group

14 days ago

The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2022 and 2023

21 days ago

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

Aim, focus, shoot. The choice of appropriate and effective macroprudential instruments

21 days ago

We examine the issue of the appropriate selection of macroprudential instruments according...

Macroeconomic modelling of CBDC: a critical review

21 days ago

Over the last decades, macro-economists have renewed their efforts to reduce the...

The aggregate and distributional implications of credit shocks on housing and rental markets

22 days ago

We build a model of the aggregate housing and rental markets in...

The life-cycle dynamics of wealth mobility

23 days ago

We use 25 years of tax records for the Norwegian population to...

The transmission of bank credit conditions to firms-evidence from linked surveys

29 days ago

Using a novel dataset linking firm level data from the Survey on...