Publications published in 2018

18/04/2018
Detailed opinion of the European Central Bank on the European Ombudsman’s Recommendations in Case 1697/2016/ANA
18/04/2018
Working paper no. 2145: Who benefits from the corporate QE? A regression discontinuity design approach
18/04/2018
Working paper no. 2144: Countercyclical capital regulation in a small open economy DSGE model
13/04/2018
AnaCredit Validation Checks – Selected validation checks performed in AnaCredit datasets – Version 1.1
13/04/2018
Research bulletin no. 45: The effective lower bound and the desirability of gradual interest rate adjustments
11/04/2018
Occasional paper no. 208: Completing the Banking Union with a European Deposit Insurance Scheme: who is afraid of cross-subsidisation?
11/04/2018
Working paper no. 2143: The post-crisis TFP growth slowdown in CEE countries: exploring the role of Global Value Chains
10/04/2018
Working paper no. 2142: On the optimal labor income share
10/04/2018
Working paper no. 2141: Consumption volatility risk and the inversion of the yield curve
09/04/2018
Cover letter to the transmission letter of the Annual Report 2017
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09/04/2018
Feedback on the input provided by the European Parliament as part of its resolution on the ECB Annual Report for 2016
09/04/2018
Annual Report 2017
06/04/2018
Working paper no. 2140: Euro area real-time density forecasting with financial or labor market frictions
06/04/2018
Working paper no. 2139: Monetary policy and cross-border interbank market fragmentation: lessons from the crisis
28/03/2018
Working paper no. 2138: Detrending and financial cycle facts across G7 countries: mind a spurious medium term!
27/03/2018
Project Stella second report - leaflet
27/03/2018
Securities settlement systems: delivery-versus-payment in a distributed ledger environment – Stella project report phase 2
27/03/2018
Working paper no. 2137: A minimal moral hazard central stabilisation capacity for the EMU based on world trade
27/03/2018
Occasional paper no. 207: Strengthening the Global Financial Safety Net
26/03/2018
Correspondent central banking model (CCBM) - Procedures for Eurosystem counterparties
26/03/2018
CCBM information for counterparties - Summary of legal instruments used in the euro area
22/03/2018
Article: The real effects of credit constraintsEconomic Bulletin Issue 2, 2018
22/03/2018
Focus: The reliability of the preliminary flash estimate of euro area GDPEconomic Bulletin Issue 2, 2018
22/03/2018
Focus: The role of seasonality and outliers in HICP inflation excluding food and energyEconomic Bulletin Issue 2, 2018
22/03/2018
Focus: Fiscal policy stance during past periods of expansionEconomic Bulletin Issue 2, 2018
22/03/2018
Focus: The European Commission’s 2018 assessment of macroeconomic imbalances and progress on reformsEconomic Bulletin Issue 2, 2018
22/03/2018
Economic Bulletin Issue 2, 2018
22/03/2018
Focus: Liquidity conditions and monetary policy operations in the period from 1 November 2017 to 30 Janaury 2018Economic Bulletin Issue , 2018
22/03/2018
Focus: Recent developments in part-time employmentEconomic Bulletin Issue , 2018
21/03/2018
Focus: Are the recent oil price increases set to last?Economic Bulletin Issue 2, 2018
20/03/2018
Article: The economic impact of population ageing and pension reformsEconomic Bulletin Issue 2, 2018
19/03/2018
Research bulletin no. 44: Do consumers respond symmetrically to positive and negative income shocks?
19/03/2018
Focus: Euro area sovereign bond market liquidity since the start of the PSPPEconomic Bulletin Issue 2, 2018
14/03/2018
Letter from the ECB President to Ms Laura Agea, MEP, on aspects related to banknotes production
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08/03/2018
ECB staff macroeconomic projections for the euro area, March 2018
01/03/2018
Working paper no. 2136: Dealing with endogeneity in threshold models using copulas: an illustration to the foreign trade multiplier
28/02/2018
Working paper no. 2135: Sovereign defaults in court
28/02/2018
Working paper no. 2134: Spillovers in space and time: where spatial econometrics and Global VAR models meet
27/02/2018
Working paper no. 2133: Deconstructing monetary policy surprises: the role of information shocks
27/02/2018
Working paper no. 2132: Priors for the long run
26/02/2018
Working paper no. 2131: Predicting risk premia in short-term interest rates and exchange rates
26/02/2018
Working paper no. 2130: Cross-border banking in the EU since the crisis: what is driving the great retrenchment?
22/02/2018
Consolidated balance sheet of the Eurosystem as at 31 December 2017
22/02/2018
Annual Accounts 2017
19/02/2018
Feedback statement – Responses to the public consultation on the draft European Central Bank regulation on statistical reporting requirements for pension funds
13/02/2018
Research bulletin no. 43: Bank lending under negative policy rates
09/02/2018
Statistics paper no. 27: Yield curve modelling and a conceptual framework for estimating yield curves: evidence from the European Central Bank’s yield curves
08/02/2018
Letter from the ECB President to Ms Paloma López Bermejo, MEP, on structural reforms in Spain
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08/02/2018
Letter from the ECB President to Ms Kostadinka Kuneva, MEP, on the European Court of Auditor’s report on Greece
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08/02/2018
Letter from the ECB President to Ms Eva Kaili, MEP, on the corporate sector purchase programme
08/02/2018
Letter from the ECB President to Mr Enrique Calvet Chambon, MEP, on the European financial sector
08/02/2018
Economic Bulletin Issue 1, 2018
08/02/2018
Focus: Recent house price increases and housing affordabilityEconomic Bulletin Issue 1, 2018
07/02/2018
Article: Labour supply and employment growthEconomic Bulletin Issue 1, 2018
06/02/2018
Focus: Consumption of durable goods in the ongoing economic expansionEconomic Bulletin Issue 1, 2018
05/02/2018
Focus: The macroeconomic impact of the US tax reformEconomic Bulletin Issue 1, 2018
05/02/2018
Working paper no. 2129: Tight money - tight credit: coordination failure in the conduct of monetary and financial policies
05/02/2018
Working paper no. 2128: Time-consistent monetary policy, terms of trade manipulation and welfare in open economies
01/02/2018
Working paper no. 2127: Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area: a structural model-based approach
01/02/2018
Working paper no. 2126: Credit constraints, firm investment and growth: evidence from survey data
31/01/2018
Working paper no. 2125: Portfolio rebalancing and the transmission of large-scale asset programmes: evidence from the euro area
31/01/2018
Working paper no. 2124: Credit shocks and the European labour market
26/01/2018
Letter from the ECB President to several MEPs on ECB’s interactions with external parties
26/01/2018
Occasional paper no. 206: The transition of China to sustainable growth – implications for the global economy and the euro area
24/01/2018
Letter from the ECB President to Mr David Coburn, MEP, on monetary policy
24/01/2018
Letter from the ECB President to Mr Nikolaos Chountis, MEP, on house auctions in Greece
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24/01/2018
Letter from the ECB President to Ms Laura Agea and Mr Marco Valli, MEPs, on the corporate sector purchase programme
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15/01/2018
Working paper no. 2123: Macroprudential regulation in the European Union in 1995-2014: introducing a new data set on policy actions of a macroprudential nature
11/01/2018
Research bulletin no. 42: Sub-sovereign bonds in banks’ portfolios: A role for political connections?
10/01/2018
Working paper no. 2122: How do firms adjust to rises in the minimum wage? Survey evidence from Central and Eastern Europe
10/01/2018
Working paper no. 2121: Agent-based model of system-wide implications of funding risk
09/01/2018
Occasional paper no. 205: Real and financial cycles in EU countries - Stylised facts and modelling implications