ECB - European Central Bank

Annual Accounts 2024

2 days ago

Consolidated balance sheet of the Eurosystem as at 31 December 2024

2 days ago

Firm ownership and the macroeconomics of incentive leakages

2 days ago

Questions about market power have become salient in macroeconomics. We consider the...

Fiscal and macroprudential policies during an energy crisis

3 days ago

We construct a New-Keynesian E-DSGE model with energy disaggregation and financial intermediaries...

Green and brown returns in a production economy

4 days ago

Does it pay to invest in green companies? In countries where a...

Bank transparency and market efficiency

4 days ago

This paper explores the impact of bank transparency on market efficiency by...

Investment funds and euro disaster risk

5 days ago

We document that compared to all other investor groups investment funds exhibit...

The taming of the skew: asymmetric inflation risk and monetary policy

5 days ago

We document that inflation risk in the U.S. varies significantly over time...

Letter from the ECB President to Mr Jonás Fernández, MEP, on energy and inflation

8 days ago

Climate change policies and technologies: diffusion and interaction with institutions and governance

8 days ago

Climate change is a global-scale structural change, affecting economies across the world...

Institutional investors and house prices

9 days ago

Institutional investors, such as investment funds, are playing an increasingly important role...

Mitigating fragility in open-ended investment funds: the role of redemption restrictions

9 days ago

Using supervisory data of alternative investment funds investing in bonds, I exploit...