Working paper series

In-depth studies for experts

Our Working Paper Series (WPS) disseminates economic research relevant to the various tasks and functions of the ECB, and provides a conceptual and empirical basis for policy-making. The Working Papers constitute “work in progress”. They are published to stimulate discussion and contribute to the advancement of our knowledge of economic matters. They are addressed to experts, so readers should be knowledgeable in economics.

Availability: ECB Working Papers are available online only, get updated on latest Working Paper releases by RSS news feed.

No. 1908
24 May 2016
Unemployment risk and over-indebtedness
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No. 1907
24 May 2016
Estimating the top tail of the wealth distribution
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No. 1906
17 May 2016
The collateral channel of open market operations
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No. 1905
13 May 2016
Exchange rate forecasting with DSGE models
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No. 1904
13 May 2016
The housing market, household portfolios and the German consumer
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No. 1903
10 May 2016
Bank leverage and monetary policy's risk-taking channel: evidence from the United States
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No. 1902
03 May 2016
Export characteristics and output volatility: comparative firm-level evidence for CEE countries
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No. 1901
02 May 2016
Price drift before U.S. macroeconomic news: private information about public announcements?
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No. 1900
02 May 2016
Toward robust early-warning models: a horse race, ensembles and model uncertainty
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No. 1899
27 Apr 2016
Monetary policy according to HANK
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No. 1898
27 Apr 2016
Credit risk spillover between financials and sovereigns in the euro area during 2007-2015
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No. 1897
26 Apr 2016
Restoring rational choice: The challenge of consumer financial regulation
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No. 1896
26 Apr 2016
Dynamic balance sheet model with liquidity risk
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No. 1895
25 Apr 2016
Credit, asset prices and business cycles at the global level
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No. 1894
25 Apr 2016
Sovereign risk and bank risk-taking
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No. 1893
20 Apr 2016
On the design of data sets for forecasting with dynamic factor models
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No. 1892
20 Apr 2016
A lost generation? Education decisions and employment outcomes during the U.S. housing boom-bust cycle of the 2000s
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No. 1891
20 Apr 2016
Parsing financial fragmentation in the euro area: a multi-country DSGE perspective
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No. 1890
20 Apr 2016
Does slack influence public and private labor market interactions?
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No. 1889
30 Mar 2016
Cables, Sharks and Servers: Technology and the Geography of the Foreign Exchange Market
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No. 1888
08 Mar 2016
The impact of bank capital on economic activity - evidence from a mixed-cross-section GVAR model
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No. 1887
03 Mar 2016
Network Dependence in the Euro Area Money Market
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No. 1886
19 Feb 2016
Lending-of-last-resort is as lending-of-last-resort does: central bank liquidity provision and interbank market functioning in the euro area
Published in: Journal of Financial Intermediation (forthcoming)
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No. 1885
18 Feb 2016
Advances in multivariate back-testing for credit risk underestimation
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No. 1884
18 Feb 2016
Lenders on the storm of wholesale funding shocks: Saved by the central bank?
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No. 1883
08 Feb 2016
Is fiscal consolidation self-defeating? A Panel-VAR analysis for the Euro area countries
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No. 1882
05 Feb 2016
Is the intrinsic value of macroeconomic news announcements related to their asset price impact?
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No. 1881
05 Feb 2016
Assessing the efficacy of borrower-based macroprudential policy using an integrated micro-macro model for European households
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No. 1880
25 Jan 2016
Reserve accumulation, inflation and moral hazard: Evidence from a natural experiment
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No. 1879
25 Jan 2016
Taking gravity online: the role of virtual proximity in international finance
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No. 1878
18 Jan 2016
Sovereign to corporate risk spillovers
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No. 1877
14 Jan 2016
Credit subsidies
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No. 1876
14 Jan 2016
Bank networks from text: interrelations, centrality and determinants
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No. 1875
13 Jan 2016
The information in systemic risk rankings
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No. 1874
13 Jan 2016
Cash management and payment choices: a simulation model with international comparisons
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Disclaimer: Please keep in mind that the papers are published in the name of the author(s). Their views do not necessarily reflect those of the ECB.