ECB - European Central Bank

Economic Bulletin Issue 3, 2024

about 7 hours ago

Why did the import intensity of GDP decline decline in 2023?

about 7 hours ago

This box investigates the drivers of the weakness in euro area imports...

The role of technical factors in euro area inflation-linked swap rates

about 7 hours ago

When long-term inflation-linked swap (ILS) rates for the euro area peaked in...

The reformed EU fiscal framework – potential macroeconomic implications for the euro area

about 7 hours ago

Following the European Commission’s legislative proposals of April 2023, the ECOFIN Council...

Recent inflation developments and wage pressures in the euro area and the United States

about 7 hours ago

Headline and core inflation levels and momentum dynamics in the euro area...

Decomposing HICPX inflation into energy-sensitive and wage-sensitive items

about 7 hours ago

Changes in energy prices and wage costs can, to the extent these...

Liquidity transformation and Eurosystem credit operations

1 day ago

Banks in the euro area can generate high-quality liquid assets (HQLA) by...

What does new micro price evidence tell us about inflation dynamics and monetary policy transmission?

1 day ago

The pricing decisions of firms are a key determinant of inflation. To...

Mutual funds and safe government bonds: do returns matter?

2 days ago

This paper investigates the sensitivity of the demand for safe government debt...

Trust in the ECB – insights from the Consumer Expectations Survey

2 days ago

This article shows that trust in the ECB needs to be analysed...

Decomposing systemic risk: the roles of contagion and common exposures

3 days ago

We evaluate the effects of contagion and common exposure on banks’ capital...

Nowcasting consumer price inflation using high-frequency scanner data: evidence from Germany

3 days ago

We study how millions of granular and weekly household scanner data combined...