Publications published in 2015

18/12/2015
Statistics paper no. 12: Measuring non-response bias in a cross-country enterprise survey
Annex: Data file
18/12/2015
ECB Legal Conference 2015: From Monetary Union to Banking Union, on the way to Capital Markets Union: New opportunities for European integration, December 2015
Annex: ePub
18/12/2015
Letter from the ECB President to Mr Giegold, MEP, on the ECB’s participation in international fora
18/12/2015
Letter from the ECB President to Mr De Masi, MEP, on the ECB’s HR polices
17/12/2015
Economic Bulletin Issue 8, 2015
17/12/2015
Focus: Review of draft budgetary plans for 2016Economic Bulletin Issue 8, 2015
17/12/2015
Focus: The creation of competitiveness boards in the context of striving towards a genuine economic unionEconomic Bulletin Issue 8, 2015
17/12/2015
Focus: The role of base effects in the projected path of HICP inflationEconomic Bulletin Issue 8, 2015
17/12/2015
Focus: Liquidity conditions and monetary policy operations in the period from 22 July to 27 October 2015Economic Bulletin Issue 8, 2015
17/12/2015
Article: New features in monetary and financial statisticsEconomic Bulletin Issue 8, 2015
16/12/2015
Focus: Wages, productivity and competitiveness: a granular approachEconomic Bulletin Issue 8, 2015
16/12/2015
Focus: Downward wage rigidity and the role of structural reforms in the euro areaEconomic Bulletin Issue 8, 2015
16/12/2015
Letter from the ECB President to the European Ombudsman on AnaCredit
15/12/2015
Working paper no. 1873: Dating systemic financial stress episodes in the EU countries
15/12/2015
Working paper no. 1872: Fiscal rules, fiscal space and procyclical fiscal policy
14/12/2015
Working paper no. 1871: How do speed and security influence consumers' payment behavior?
14/12/2015
Working paper no. 1870: Regional dynamics of economic performance in the EU: To what extent spatial spillovers matter?
14/12/2015
Article: What is behind the recent rebound in euro area employment?Economic Bulletin Issue 8, 2015
14/12/2015
Focus: What is behind the low investment in the euro area? Responses from a survey of large euro area firmsEconomic Bulletin Issue 8, 2015
10/12/2015
The impact of the CRR and CRD IV on bank financing - Eurosystem response to the DG FISMA consultation paper
10/12/2015
Letter from the ECB President to Mr Papadimoulis (MEP) on the ECB Opinion of 2 September 2015 on bank resolution
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03/12/2015
Eurosystem staff macroeconomic projections for the euro area
03/12/2015
Letter from the ECB President to Mr Valli, MEP, and Mr Zanni, MEP, on principles for external communication by members of the Executive Board
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03/12/2015
Letter from the ECB President to Mr Viegas, MEP, on principles for external communication by members of the Executive Board
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02/12/2015
Letter from the ECB President to Mr Carthy, MEP, on the ESM direct recapitalisation instrument
02/12/2015
Letter from the ECB President to Mr Papadimoulis, MEP, on monetary policy
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02/12/2015
Letter from the ECB President to members of the ALDE Group in the EP on the expanded asset purchase programme
02/12/2015
Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP, on monetary policy
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02/12/2015
Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP, on monetary policy
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02/12/2015
Letter from the ECB President to Ms In 't Veld, MEP, on virtual currency schemes
02/12/2015
Letter from the ECB President to Mr Hayes, MEP, on monetary policy
02/12/2015
Letter from the ECB President to Mr Mavrides, MEP, on the United Nations-led negotiations between the two communities in Cyprus
02/12/2015
Letter from the ECB President to Mr Fernández, MEP, on monetary policy
02/12/2015
Letter from the ECB President to Mr Mavrides, MEP
02/12/2015
Survey on the Access to Finance of Enterprises in the euro area - April to September 2015
30/11/2015
Survey of national practices regarding MFI balance sheet statistics
25/11/2015
Working paper no. 1869: Spillovers from the ECB's non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysis
25/11/2015
Financial Stability Review
24/11/2015
Working paper no. 1868: To bi, or not to bi? Differences in spillover estimates from bilateral and multilateral multi-country models
Published in: Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute, Working Paper 256: "To Bi, or not to Bi? Differences in Spillover Estimates from Bilateral and Multilateral Multi-country Models"
23/11/2015
The impact of the Basel III leverage ratio on risk-taking and bank stability
18/11/2015
Guide to consultation of the European Central Bank by national authorities regarding draft legislative provisions
17/11/2015
Letter from the ECB President to Mr Carthy, MEP, on the Irish adjustment programme
17/11/2015
Letter from the ECB President to Mr Carthy, MEP, on the use of the term “no-bail-out clause”
17/11/2015
Letter from the ECB President to Mr Carthy, MEP, on the ESM direct recapitalisation instrument
17/11/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on several aspects of the ECB’s human resource policies
17/11/2015
Letter from the ECB President to Mr Jonas Fernandez, MEP, on the current regulatory framework for sovereign exposures
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17/11/2015
Letter from the ECB President to Mr Fernandez, MEP, on the Economic and Monetary Union
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17/11/2015
Letter from the ECB President to Mr Flanagan, MEP, on several aspects of the Irish adjustment programme
17/11/2015
Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP
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16/11/2015
Working paper no. 1867: A note on implementing the Durbin and Koopman simulation smoother
Published in: Computational Statistics & Data Analysis, Vol 91, November 2015: pp 1-3
16/11/2015
Working paper no. 1866: Interconnectedness of the banking sector as a vulnerability to crises
11/11/2015
2015 update of the ECB’s environmental statement
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10/11/2015
Household Sector Report 2015 Q2
06/11/2015
Working paper no. 1865: Inflation forecasts: Are market-based and survey-based measures informative?
05/11/2015
Working paper no. 1864: Asset purchase programmes and financial markets: lessons from the euro area
05/11/2015
Economic Bulletin Issue 7, 2015
05/11/2015
Focus: The creation of a European Fiscal BoardEconomic Bulletin Issue 7, 2015
05/11/2015
Focus: New data on loans to the private sector adjusted for sales and securitisationEconomic Bulletin Issue 7, 2015
05/11/2015
Focus: An assessment of recent euro area consumption growthEconomic Bulletin Issue 7, 2015
05/11/2015
Focus: Explaining the drivers of the recent increase in oil price volatilityEconomic Bulletin Issue 7, 2015
05/11/2015
Article: European statistics: cooperation between the European System of Central Banks and the European Statistical SystemEconomic Bulletin Issue 7, 2015
04/11/2015
Focus: Trade links between the euro area and ChinaEconomic Bulletin Issue 7, 2015
03/11/2015
Article: The transmission of the ECB's recent non-standard monetary policy measuresEconomic Bulletin Issue 7, 2015
02/11/2015
Article: The short-term fiscal implications of structural reformsEconomic Bulletin Issue 7, 2015
30/10/2015
Legal working paper no. 15: The Single Rulebook: legal issues and relevance in the SSM context
29/10/2015
Report on financial structures
28/10/2015
Working paper no. 1863: Fiscal multipliers during consolidation: evidence from the European Union
28/10/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on members of the ECB’s decision-making bodies participating to public and private debates
28/10/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on the Greek adjustment programme
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28/10/2015
ECB Forum on Central Banking, Sintra 2015: Inflation and unemployment in Europe. Conference proceedings
Annex: ePub
27/10/2015
Working paper no. 1862: Worker flows in the European Union during the Great Recession
27/10/2015
Working paper no. 1861: Loan supply, credit markets and the euro area financial crisis
22/10/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on the Greek adjustment programme
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22/10/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on virtual currency schemes and alternative forms of payment
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21/10/2015
Working paper no. 1860: What drives forbearance - evidence from the ECB Comprehensive Assessment
21/10/2015
Working paper no. 1859: Corporate investment and bank-dependent borrowers during the recent financial crisis
09/10/2015
Working paper no. 1858: Fiscal policy adjustments in the euro area stressed countries: new evidence from non-linear models with state-varying thresholds
08/10/2015
Working paper no. 1857: International spillovers in inflation expectations
08/10/2015
Working paper no. 1856: Combining time-variation and mixed-frequencies: an analysis of government spending multipliers in Italy
30/09/2015
Euro money market survey, September 2015
29/09/2015
Letter from the ECB President to the Syriza Party MEPs on the Greek adjustment programme
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25/09/2015
Working paper no. 1855: Quantitative effects of the shale oil revolution
25/09/2015
Working paper no. 1854: Determinants of global spillovers from US monetary policy
24/09/2015
Working paper no. 1853: Price level changes and the redistribution of nominal wealth across the euro area
24/09/2015
Working paper no. 1852: Financial literacy and savings account returns
23/09/2015
Working paper no. 1851: A rotated Dynamic Nelson-Siegel model with macro-financial applications
23/09/2015
Occasional paper no. 166: The side effects of national financial sector policies: framing the debate on financial protectionism
23/09/2015
Standards for the use of central counterparties in Eurosystem foreign reserve management operations
23/09/2015
Eurosystem oversight policy framework
22/09/2015
Letter from the ECB President to Mr Sven Giegold and Mr Peter Simon, MEPs, on AnaCredit
18/09/2015
Working paper no. 1850: Jagged cliffs and stumbling blocks: interest rate pass-through fragmentation during the Euro area crisis
18/09/2015
Working paper no. 1849: Drivers of banks' cost of debt and long-term benefits of regulation - an empirical analysis based on EU banks
18/09/2015
Letter from the ECB President to Mr Richard Sulik, MEP, on TARGET2 operations
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18/09/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the access to ECB documents
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18/09/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the ECB Staff Survey
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18/09/2015
Letter from the ECB President to Ms Mara Bizzotto, MEP, on consumer protection
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18/09/2015
Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, on the provision of emergency liquidity assistance (ELA)
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18/09/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on the Greek adjustment programme
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18/09/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on the provision of emergency liquidity assistance (ELA)
17/09/2015
Working paper no. 1848: Systemic risk rankings and network centrality in the European banking sector
17/09/2015
Working paper no. 1847: Private wealth across European countries: the role of income, inheritance and the welfare state
17/09/2015
Economic Bulletin Issue 6, 2015
17/09/2015
Focus: Country-specific recommendations for fiscal policies under the 2015 European SemesterEconomic Bulletin Issue 6, 2015
17/09/2015
Focus: Recent developments in euro area food pricesEconomic Bulletin Issue 6, 2015
17/09/2015
Focus: Publication of TARGET balancesEconomic Bulletin Issue 6, 2015
17/09/2015
Focus: The usefulness of TARGET2 transaction data for the analysis of the unsecured overnight money marketEconomic Bulletin Issue 6, 2015
17/09/2015
Focus: Liquidity conditions and monetary policy operations in the period from 22 April to 21 July 2015Economic Bulletin Issue 6, 2015
16/09/2015
Focus: Revised trade weights for the effective exchange rates of the euro reflect the increasing importance of emerging market economiesEconomic Bulletin Issue 6, 2015
16/09/2015
Article: The fiscal impact of financial sector support during the crisisEconomic Bulletin Issue 6, 2015
15/09/2015
Article: The state of the house price cycle in the euro areaEconomic Bulletin Issue 6, 2015
15/09/2015
Focus: A survey-based measure of slack for the euro areaEconomic Bulletin Issue 6, 2015
14/09/2015
Working paper no. 1846: Characterising the financial cycle: a multivariate and time-varying approach
14/09/2015
Focus: Recent developments and outlook for non-oil commodity pricesEconomic Bulletin Issue 6, 2015
10/09/2015
Statistics paper no. 11: The Bank for the Accounts of Companies Harmonized (BACH) database
08/09/2015
Letter from the ECB President to the Members of Europe Nations and Freedoms on the main building of the European Central Bank
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08/09/2015
Letter from the ECB President to Mr Notis Marias, MEP, on the Greek adjustment programme
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07/09/2015
Working paper no. 1845: A false sense of security in applying handpicked equations for stress test purposes
04/09/2015
ECB response to the European Commission's consultation on the review of the EMIR
03/09/2015
Letter from the ECB President to Mr Jonas Fernández, MEP, on the expanded asset purchase programme
03/09/2015
Letter from the ECB President to Mr Brian Hayes, MEP, on SAFE survey results
03/09/2015
Letter from the ECB President to Mr Brian Hayes, MEP, on the ECB’s letter to the European Ombudsman
03/09/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEPs, on targeted longer-term refinancing operations
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03/09/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on statistics on financial sector assistance measures provided by governments
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03/09/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on manipulation of financial markets and insider trading
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03/09/2015
Letter from the ECB President to Mr Richard Sulik, MEP, on Slovakian legislation
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03/09/2015
Letter from the ECB President to Mr Sven Giegold, MEP, on The Economic Adjustment Programme for Cyprus
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03/09/2015
ECB staff macroeconomic projections for the euro area
28/08/2015
Occasional paper no. 165: Public debt, population ageing and medium-term growth
25/08/2015
Working paper no. 1844: Domestic and multilateral effects of capital controls in emerging markets
25/08/2015
Report of the ESCB on the need for any measure to facilitate the access of CCPs to central bank liquidity facilities
24/08/2015
Working paper no. 1843: Debt overhang and deleveraging in the US household sector: gauging the impact on consumption
24/08/2015
Working paper no. 1842: The real effects of credit constraints: evidence from discouraged borrowers in the euro area
21/08/2015
Working paper no. 1841: Inattention to rare events
21/08/2015
Working paper no. 1840: Sovereign risk, interbank freezes, and aggregate fluctuations
20/08/2015
Occasional paper no. 164: Financial stability challenges in EU candidate and potential candidate countries
19/08/2015
Statistics paper no. 10: Nowcasting GDP with electronic payments data
07/08/2015
Working paper no. 1839: The geography of the great rebalancing in euro area bond markets during the sovereign debt crisis
07/08/2015
Working paper no. 1838: Estimation of linear dynamic panel data models with time-invariant regressors
06/08/2015
Working paper no. 1837: Modeling financial sector joint tail risk in the euro area
06/08/2015
Working paper no. 1836: Assessing the financial and financing conditions of firms in Europe: the financial module in CompNet
05/08/2015
Working paper no. 1835: Between capture and discretion - The determinants of distressed bank treatment and expected government support
05/08/2015
Working paper no. 1834: Fiscal targets. A guide to forecasters?
30/07/2015
Focus: Recent developments in extra-euro area trade: the role of emerging market economiesEconomic Bulletin Issue 5, 2015
30/07/2015
Focus: Does consumer confidence predict private consumption?Economic Bulletin Issue 5, 2015
30/07/2015
Focus: Why has growth in emerging market economies slowed?Economic Bulletin Issue 5, 2015
30/07/2015
Economic Bulletin Issue 5, 2015
29/07/2015
Article: Real convergence in the euro area: evidence, theory and policy implicationsEconomic Bulletin Issue 5, 2015
29/07/2015
Letter from the ECB President to Martin Schulz, President of the European Parliament, and Roberto Gualtieri, Chair of ECON, concerning a request from several MEPs
29/07/2015
Follow-up letter from the ECB President to Ms Marian Harkin, MEP, on the ECB’s participation in the Irish parliamentary Committee of Inquiry
28/07/2015
Focus: The impact of negative short-term rates on the money market fund industryEconomic Bulletin Issue 5, 2015
27/07/2015
Focus: Has underlying inflation reached a turning point?Economic Bulletin Issue 5, 2015
24/07/2015
Research Bulletin No. 22
23/07/2015
Memorandum of Understanding on adapting banknote equipment to the new €20 banknote
15/07/2015
Working paper no. 1833: The great collapse in value added trade
15/07/2015
Working paper no. 1832: Long-lasting consequences of the European crisis
15/07/2015
Occasional paper no. 163: Compendium on the diagnostic toolkit for competitiveness
15/07/2015
Fourth report on card fraud, July 2015
14/07/2015
Working paper no. 1831: Credit ratings and cross-border bond market spillovers
Published in: Journal of International Money and Finance, Vol 53, May 2015: pp 115-136
14/07/2015
Working paper no. 1830: Optimal capital requirements over the business and financial cycles
14/07/2015
Statistics paper no. 9: Quantifying the effects of online bullishness on international financial markets
14/07/2015
Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, on money supply
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14/07/2015
Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, on speech delivered by a member of the ECB Executive Board on 18 May 2015
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14/07/2015
Letter from the ECB President to Mr Janusz Korwin-Mikke, MEP, on the expanded asset purchase programme
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14/07/2015
Letter from the ECB President to Mr Sven Giegold, MEP, on the Cypriot banking sector
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14/07/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on monetary policy
13/07/2015
Working paper no. 1829: Creditor protection, judicial enforcement and credit access
13/07/2015
Working paper no. 1828: Network linkages to predict bank distress
09/07/2015
Working paper no. 1827: Capital regulation in a macroeconomic model with three layers of default
09/07/2015
Working paper no. 1826: Virtual proximity and audiovisual services trade
Published in: European Economic Review, Vol. 77, pp. 82-101
08/07/2015
Working paper no. 1825: Uncertainty shocks, banking frictions and economic activity
08/07/2015
Working paper no. 1824: Shoe-leather costs in the euro area and the foreign demand for euro banknotes
08/07/2015
The international role of the euro, July 2015
Annex: ePub
07/07/2015
Working paper no. 1823: Financial constraints and productivity: evidence from euro area companies
07/07/2015
Working paper no. 1822: Gender bias and credit access
07/07/2015
Financial Risk Management of Eurosystem Monetary Policy Operations, July 2015
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Annex: ePub
01/07/2015
Letter from the ECB President to Mr Notis Marias, MEP, on the Greek adjustment programme
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01/07/2015
Letter from the ECB President to Mr Matt Carthy, MEP, on the Irish adjustment programme
01/07/2015
Letter from the ECB President to Mr Notis Marias, MEP, on the Greek adjustment programme
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30/06/2015
Statistics paper no. 8: New and timely statistical indicators on government debt securities
26/06/2015
Working paper no. 1821: Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis
26/06/2015
Working paper no. 1820: Sovereign stress, unconventional monetary policy, and SME access to finance
26/06/2015
Working paper no. 1819: Euro area business cycles in turbulent times: convergence or decoupling?
Published in: Applied Economics, Vol 47 (34-35): pp. 3791-3815
25/06/2015
Working paper no. 1818: An alternative view of exchange market pressure episodes in emerging Europe: an analysis using Extreme Value Theory (EVT)
25/06/2015
Working paper no. 1817: Wealth effects on consumption across the wealth distribution: empirical evidence
22/06/2015
Completing Europe's Economic and Monetary Union
19/06/2015
Working paper no. 1816: Conservatism and liquidity traps
19/06/2015
Working paper no. 1815: Spillovers and euroscepticism
18/06/2015
Working paper no. 1814: VAR for VaR: measuring tail dependence using multivariate regression quantiles
Published in: Journal of Econometrics, Vol 187, Iss. 1: pp 169-188
18/06/2015
Working paper no. 1813: A new identification of fiscal shocks based on the information flow
18/06/2015
Article: Forecasting the price of oilEconomic Bulletin Issue 4, 2015
18/06/2015
Article: IMF surveillance of the euro area and its member countriesEconomic Bulletin Issue 4, 2015
18/06/2015
Focus: The effectiveness of the medium-term budgetary objective as an anchor of fiscal policiesEconomic Bulletin Issue 4, 2015
18/06/2015
Focus: The 2015 Ageing Report: how costly will ageing in Europe be?Economic Bulletin Issue 4, 2015
18/06/2015
Focus: Monitoring the exchange rate pass-through to HICP inflationEconomic Bulletin Issue 4, 2015
18/06/2015
Focus: Recent equity price developments in the euro area and the United StatesEconomic Bulletin Issue 4, 2015
18/06/2015
Focus: Liquidity conditions and monetary policy operations in the period from 28 January 2015 to 21 April 2015Economic Bulletin Issue 4, 2015
18/06/2015
Focus: The rise to prominence of India’s economyEconomic Bulletin Issue 4, 2015
18/06/2015
Economic Bulletin Issue 4, 2015
18/06/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on the Greek adjustment programme
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18/06/2015
Letter from the ECB President to Mr Sven Giegold, MEP, on the Cypriot banking sector
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18/06/2015
Letter from the ECB President to Mr Burkhard Balz, MEP, on the Eurosystem Credit Assessment Framework
18/06/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the Public Sector Purchase Programme (PSPP)
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18/06/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on the access to ECB documents
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18/06/2015
Letter from the ECB President to Mr Jonas Fernández, MEP, on the Economic and Monetary Union
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17/06/2015
Working paper no. 1812: The relationship between structural and cyclical features of the EU financial sector
17/06/2015
Working paper no. 1811: Capturing the financial cycle in Europe
17/06/2015
Focus: Non-bank financing for euro area NFCs during the crisisEconomic Bulletin Issue 4, 2015
16/06/2015
Working paper no. 1810: Banking and currency crises: differential diagnostics for developed countries
16/06/2015
Working paper no. 1809: Do banks’ overnight borrowing rates lead their CDS Price? Evidence from the Eurosystem
Published in: Journal of Financial Intermediation (forthcoming)
16/06/2015
Focus: Recent current account developments in euro area countries with large pre-crisis deficitsEconomic Bulletin Issue 4, 2015
15/06/2015
Working paper no. 1808: Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC?
Published in: European Journal of Political Economy, Vol 39, September 2015: pp 222-234 as "Have minutes helped markets to predict the MPC's monetary policy decisions"
15/06/2015
Working paper no. 1807: Does uncertainty affect participation in the European Central Bank's Survey of Professional Forecasters?
15/06/2015
Article: The role of the central bank balance sheet in monetary policyEconomic Bulletin Issue 4, 2015
12/06/2015
Working paper no. 1806: Will the true labor share stand up?
12/06/2015
Working paper no. 1805: Credit market disequilibrium in Greece (2003-2011) - a Bayesian approach
11/06/2015
Working paper no. 1804: Bank bailouts and competition - Did TARP distort competition among sound banks?
11/06/2015
Working paper no. 1803: The information content of money and credit for US activity
11/06/2015
Letter from the ECB President to Mr Alfred Sant, MEP, on ECB employment policy
11/06/2015
Letter from the ECB President to Ms Ulrike Trebesius, MEP, on monetary policy
11/06/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on several aspects of the Irish adjustment programme
11/06/2015
Letter from the ECB President to Ms Emily O'Reilly, European Ombudsman, regarding a speech delivered by a member of the ECB Executive Board on 18 May 2015.
10/06/2015
Working paper no. 1802: What has driven inflation dynamics in the Euro area, the United Kingdom and the United States
10/06/2015
Occasional paper no. 162: Fiscal multipliers and beyond
09/06/2015
Working paper no. 1801: The exchange rate, asymmetric shocks and asymmetric distributions
09/06/2015
Working paper no. 1800: Unraveling the skill premium
08/06/2015
Working paper no. 1799: Financial exposure to the euro area before and after the crisis: home bias and institutions at home
08/06/2015
Working paper no. 1798: Capital inflows and euro area long-term interest rates
Published in: Journal of International Money and Finance, Elsevier, Vol 54(C): pp 186-204
08/06/2015
European Reporting Framework (ERF): Key facts and information, June 2015
03/06/2015
Eurosystem staff macroeconomic projections for the euro area
02/06/2015
Institutional provisions 2015
02/06/2015
Survey on the access to finance of enterprises in the euro area - October 2014 to March 2015
01/06/2015
Towards the banking union – opportunities and challenges for statistics
01/06/2015
TARGET Annual Report 2014
Annex: ePub
28/05/2015
Working paper no. 1797: Bank bias in Europe: effects on systemic risk and growth
28/05/2015
Working paper no. 1796: Real estate markets and macroprudential policy in Europe
28/05/2015
Financial Stability Review, May 2015
27/05/2015
Working paper no. 1795: Lack of confidence, the zero lower bound, and the virtue of fiscal rules
22/05/2015
Working paper no. 1794: Granger causality and regime inference in Bayesian Markov-Switching VARs
22/05/2015
Working paper no. 1793: Collateral damage? Micro-simulation of transaction cost shocks on the value of central bank collateral
22/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on temporary agency work at the ECB
22/05/2015
Letter from the ECB President to Mr Bernd Kölmel, MEP, on monetary policy
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22/05/2015
Letter from the ECB President to Mr Mr Kostas Chrysogonos, MEP, on the ECB’s new premises
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22/05/2015
Letter from the ECB President to Mr Notis Marias, MEP, on Advocate General’s Opinion in Case C-62/14
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22/05/2015
Letter from the ECB President to Mr Miguel Urbán Crespo, MEP, on aspects related to banknotes production
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22/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on the Public Sector Purchase Programme (PSPP)
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22/05/2015
Letter from the ECB President to Mr Bernd Lucke, MEP, on the Public Sector Purchase Programme (PSPP)
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21/05/2015
Building a Capital Markets Union – Eurosystem contribution to the European Commission’s Green Paper
20/05/2015
Working paper no. 1792: The risk management approach to monetary policy, nonlinearity and aggressiveness: the case of the US Fed
19/05/2015
Working paper no. 1791: Interest rates, money, and banks in an estimated euro area model
Published in: Journal of Banking & Finance, Vol 55, June 2015: pp 281-294
19/05/2015
Working paper no. 1790: Household saving behaviour and credit constraints in the euro area
18/05/2015
Occasional paper no. 161: Critique of accommodating central bank policies and the 'expropriation of the saver' - A review
08/05/2015
Letter from the ECB President to Mr Ramon Tremosa i Balcells, MEP, on the expanded asset purchase programme
08/05/2015
Letter from the ECB President to ECR Members
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08/05/2015
Letter from the ECB President to Mr Costas Mavrides, MEP
08/05/2015
Letter from the ECB President to Mr Miguel Viegas, MEP, on the new ECB premises
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08/05/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on monetary policy
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08/05/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on non-performing loans
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08/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on monetary policy
08/05/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEPs, on electronic money
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08/05/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on the public sector purchase programme
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04/05/2015
Working paper no. 1789: Exploring price and non-price determinants of trade flows in the largest euro-area countries
04/05/2015
Working paper no. 1788: Assessing European firms' exports and productivity distributions: the CompNet trade module
30/04/2015
Focus: Developments in longer-term inflation expectations in the euro areaEconomic Bulletin Issue 3, 2015
30/04/2015
Focus: What has been driving consumer confidence?Economic Bulletin Issue 3, 2015
30/04/2015
Focus: Recent developments in the consumption of durable goodsEconomic Bulletin Issue 3, 2015
30/04/2015
Economic Bulletin Issue 3, 2015
30/04/2015
Euro money market study 2014
29/04/2015
Working paper no. 1787: "Made in China" - How does it affect our understanding of global market shares?
29/04/2015
Working paper no. 1786: Optimal supervisory architecture and financial integration in a banking union
29/04/2015
Article: Understanding the weakness in world tradeEconomic Bulletin Issue 3, 2015
28/04/2015
Focus: Broad money and lending in the United States during the implementation of the Federal Reserve's large-scale asset purchase programmesEconomic Bulletin Issue 3, 2015
27/04/2015
Working paper no. 1785: A measure of redenomination risk
27/04/2015
Working paper no. 1784: Policy mandates for macro-prudential and monetary policies in a new Keynesian framework
27/04/2015
Focus: Japan's recent net export performanceEconomic Bulletin Issue 3, 2015
27/04/2015
Financial integration in Europe, 2015
24/04/2015
Euro area monetary and financial statistics - 2014 quality report
23/04/2015
Working paper no. 1783: Monetary and macroprudential policy with foreign currency loans
22/04/2015
Working paper no. 1782: The impact of fiscal policy announcements by the Italian government on the sovereign spread: a comparative analysis
Published in: European Journal of Political Economy, Vol 39, September 2015: pp 288-304
22/04/2015
Working paper no. 1781: The determinants of sovereign bond yield spreads in the EMU
21/04/2015
Letter from the ECB President to Mr Jonas Fernandez, MEP
21/04/2015
Letter from the ECB President to the Members of the EFDD on the expanded asset purchase programme (APP)
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21/04/2015
Letter from the ECB President to Ms Mara Bizzotto, MEP, and Mr Gianluca Buonanno, MEP, on the expanded asset purchase programme (APP)
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21/04/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on the expanded asset purchase programme (APP)
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21/04/2015
Letter from the ECB President to Mr Miguel Viegas, MEP, on the ECB’s new premises
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21/04/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP
21/04/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on several aspects of the Irish adjustment programme
21/04/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, and Ms Eider Gardiazabal Rubial, MEP, on the judgement of the General Court of the European Union of 4 March 2015 in Case T-496/11
21/04/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEP
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21/04/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEP
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21/04/2015
Letter from the ECB President to Mr Marco Valli, MEP, and Mr Marco Zanni, MEP
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21/04/2015
Letter from the ECB President to Ms Eva Kaili, MEP, on monetary policy
21/04/2015
Letter from the ECB President to Mr Fabio de Masi, MEP, and Mr Neoklis Sylikiotis, MEP, on the Cypriot banking sector
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21/04/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEP, on virtual currency schemes (VCS)
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21/04/2015
Letter from the ECB President to Mr Hugues Bayet, MEP, on the expanded asset purchase programme (APP)
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15/04/2015
Letter from the ECB President to the Members of GUE/NGL on monetary policy
15/04/2015
Letter from the ECB President to Mr Matt Carthy, MEP, on the expanded asset purchase programme (APP)
15/04/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP
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15/04/2015
Letter from the ECB President to Mr Fabio De Masi, MEP, on Outright Monetary Transactions (OMTs)
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15/04/2015
Letter from the ECB President to Mr Jonás Fernandez, MEP, on the expanded asset purchase programme (APP)
15/04/2015
Letter from the ECB President to Mr Jonás Fernandez, MEP, on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
15/04/2015
Letter from the ECB President to Mr Jonás Fernandez, MEP, on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
15/04/2015
Letter from the ECB President to the Members of GUE/NGL on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
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15/04/2015
Letter from the ECB President to Ms Paloma López Bermejo, MEP, on the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
09/04/2015
Statistics paper no. 7: Financial assistance measures in the euro area from 2008 to 2013: statistical framework and fiscal impact
Annex: Data file
08/04/2015
Working paper no. 1780: Do financial reforms help stabilize inequality?
08/04/2015
Working paper no. 1779: Commercial bank failures during the Great Recession: the real (estate) story
07/04/2015
Working paper no. 1778: European firm adjustment during times of economic crisis
07/04/2015
Working paper no. 1777: Exports and domestic demand pressure: a dynamic panel data model for the euro area countries
02/04/2015
Working paper no. 1776: Expectation-driven cycles: time-varying effects
02/04/2015
Working paper no. 1775: Housing market dynamics: Any news?
01/04/2015
Working paper no. 1774: Does fiscal austerity affect public opinion?
01/04/2015
Working paper no. 1773: An automatic leading indicator, variable reduction and variable selection methods using small and large datasets: Forecasting the industrial production growth for euro area economies
01/04/2015
Letter from the ECB President to EFDD Members on high-denomination euro banknotes
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01/04/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on Outright Monetary Transactions
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01/04/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on the Eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
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27/03/2015
Joint response from the Bank of England and the ECB to the consultation document of the European Commission: "An EU framework for simple, transparent and standardised securitisation"
26/03/2015
Working paper no. 1772: Fragility in money marketfunds: sponsor support and regulation
26/03/2015
Working paper no. 1771: Governments' payment discipline: the macroeconomic impact of public payment delays and arrears
Published in: Journal of Macroeconomics, January 2016
26/03/2015
The first euros. The creation and issue of the first euro banknotes and the road to the Europa series
24/03/2015
Working paper no. 1770: The confidence effects of fiscal consolidations
24/03/2015
Working paper no. 1769: Ending over-lending: assessing systemic risk with debt to cash flow
23/03/2015
Working paper no. 1768: Macroprudential oversight, risk communication and visualization
23/03/2015
Working paper no. 1767: Labour market adjustments in Europe and the US: How different?
Published in: Economic Policy, Vol 30 (84), 2015: pp 643-682
19/03/2015
Economic Bulletin Issue 2, 2015
19/03/2015
Focus: Follow-up to the review of draft budgetary plans for 2015Economic Bulletin Issue 2, 2015
19/03/2015
Focus: The 2015 macroeconomic imbalance procedureEconomic Bulletin Issue 2, 2015
19/03/2015
Focus: Factors behind recent household saving patterns in the euro areaEconomic Bulletin Issue 2, 2015
19/03/2015
Focus: Liquidity conditions and monetary policy operations in the period from 12 November 2014 to 27 January 2015Economic Bulletin Issue 2, 2015
19/03/2015
Focus: Assessing US inflation developments using the Phillips curveEconomic Bulletin Issue 2, 2015
19/03/2015
Article: Who holds what? New information on securities holdingsEconomic Bulletin Issue 2, 2015
17/03/2015
Working paper no. 1766: Shifting horizons: assessing macro trends before, during, and following systemic banking crises
17/03/2015
Focus: Effects of e-commerce on inflationEconomic Bulletin Issue 2, 2015
17/03/2015
Focus: Recent movements in the effective exchange rate of the euroEconomic Bulletin Issue 2, 2015
16/03/2015
Working paper no. 1765: Endogenous labor share cycles: theory and evidence
16/03/2015
Working paper no. 1764: Assessing European competitiveness: the new CompNet microbased database
16/03/2015
Article: Progress with structural reforms across the euro area and their possible impactsEconomic Bulletin Issue 2, 2015
11/03/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEP
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11/03/2015
Letter from the ECB President to Mr Enrique Calvet Chambon, MEP, on the extended asset purchase programme
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11/03/2015
Letter from the ECB President to Mr Marco Valli, MEP, and Mr Marco Zanni, MEP, on the ABS purchase programme
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11/03/2015
Letter from the ECB President to the S&D Members on the extended asset purchase programme
11/03/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on the Greek adjustment programme
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11/03/2015
Letter from the ECB President to Mr Gianluca Buonanno, MEP
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10/03/2015
Working paper no. 1763: Do professional forecasters behave as if they believed in the new Keynesian Phillips Curve for the euro area?
10/03/2015
Working paper no. 1762: Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession
Published in: Journal of Monetary Economics
09/03/2015
Working paper no. 1761: Global value chains: a view from the euro area
09/03/2015
Working paper no. 1760: Comparing fiscal multipliers across models and countries in Europe
05/03/2015
ECB staff macroeconomic projections for the euro area, March 2015
03/03/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on monetary policy
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03/03/2015
Letter from the ECB President to Ms Mara Bizzotto, MEP, on monetary policy
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03/03/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on several aspects of the Irish adjustment programme
03/03/2015
Letter from the ECB President to Mr Jonas Fernandez, MEP, on monetary policy
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02/03/2015
Virtual currency schemes - a further analysis
27/02/2015
Eurosystem oversight report 2014
25/02/2015
Guide for the assessment of card payment schemes against the oversight standards
24/02/2015
Letter from the ECB President to MEP Harkin on the ECB’s participation in the Irish parliamentary Committee of Inquiry
24/02/2015
Letter of the President of the ECB to the President of the Eurogroup, Mr Jeroen Dijsselbloem, on the list of measures submitted by the Greek authorities
24/02/2015
Ninth survey on correspondent banking in euro, 2014
19/02/2015
Consolidated balance sheet of the Eurosystem as at 31 December 2014
18/02/2015
Letter from the ECB President to Mr Miguel Viegas, MEP, on monetary policy
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18/02/2015
Letter from the ECB President to Mr Matt Carthy, MEP, on several aspects of the Irish adjustment programme
18/02/2015
Letter from the ECB President to Mr Jonás Fernández, MEP, on monetary policy
18/02/2015
Letter from the ECB President to Mr Kostas Chrysogonos , MEP, on monetary policy
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18/02/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, on institutional matters
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12/02/2015
Working paper no. 1759: Corporate Debt Structure and the Financial Crisis
12/02/2015
Working paper no. 1758: Leading indicators of systemic banking crises: Finland in a panel of EU countries
10/02/2015
Working paper no. 1757: Efficiency, Inefficiency and the MENA Frontier
06/02/2015
Occasional paper no. 160: The four unions "PIE" on the Monetary Union "CHERRY": a new index of European Institutional Integration
06/02/2015
Occasional paper no. 159: Comparisons and contrasts of the impact of the crisis on euro area labour markets
05/02/2015
Focus: Flexibility within the Stability and Growth PactEconomic Bulletin Issue 1, 2015
05/02/2015
Focus: Trends in profit margins of euro area non-financial corporationsEconomic Bulletin Issue 1, 2015
05/02/2015
Focus: The recent oil price decline and the euro area economic outlookEconomic Bulletin Issue 1, 2015
05/02/2015
Focus: Recent developments in the labour force participation rate in the euro areaEconomic Bulletin Issue 1, 2015
05/02/2015
Focus: Lithuania adopts the euroEconomic Bulletin Issue 1, 2015
05/02/2015
Focus: The outlook for China's economy: risks, reforms and challengesEconomic Bulletin Issue 1, 2015
05/02/2015
Focus: The Governing Council's expanded asset purchase programmeEconomic Bulletin Issue 1, 2015
05/02/2015
Economic Bulletin Issue 1, 2015
04/02/2015
Article: Grocery prices in the euro area: findings from the analysis of a disaggregated price datasetEconomic Bulletin Issue 1, 2015
03/02/2015
Article: Focus: Recent developments in the labour force participation rate in the euro areaEconomic Bulletin Issue 1, 2015
30/01/2015
Occasional paper no. 158: IMF Surveillance in Europe
26/01/2015
Letter from the ECB President to Mr Kostas Chrysogonos, MEP, on certain aspects of the macroeconomic adjustment programme in Greece
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14/01/2015
Letter from the ECB President to Mr Kostas Chrysogonos , MEP
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14/01/2015
Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP
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14/01/2015
Letter from the ECB President to Mr Gianluca Buonanno , MEP, on financial regulation
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08/01/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEP, on the targeted longer-term refinancing operations
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08/01/2015
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on monetary policy
08/01/2015
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEP, on fiscal and monetary policies
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01/01/2015
CCBM information for counterparties – summary of legal instruments used in the euro area
01/01/2015
CCBM procedures for Eurosystem counterparties