Publications published in 2016
- 23/12/2016
- Statistics paper no. 18: The Household Finance and Consumption Survey: results from the second wave
- 23/12/2016
- Statistics paper no. 17: The Household Finance and Consumption Survey: methodological report for the second wave
- 22/12/2016
- Impact of the November 2016 OPEC agreement on the oil marketEconomic Bulletin Issue 8, 2016
- 22/12/2016
- Liquidity conditions and monetary policy operations in the period from 27 July to 25 October 2016Economic Bulletin Issue 8, 2016
- 22/12/2016
- Structural indicators of the euro area business environmentEconomic Bulletin Issue 8, 2016
- 22/12/2016
- Assessing the impact of housing costs on HICP inflationEconomic Bulletin Issue 8, 2016
- 22/12/2016
- Review of draft budgetary plans for 2017 and the budgetary situation for the euro area as a wholeEconomic Bulletin Issue 8, 2016
- 22/12/2016
- Economic Bulletin Issue 8, 2016
- 22/12/2016
- Letter from the ECB President to Mr Luke Ming Flanagan, on the ECB sanctioning powers in cases of breaches
- 20/12/2016
- Looking back at OTC derivative reforms - objectives, progress and gapsEconomic Bulletin Issue 8, 2016
- 19/12/2016
- The impact of uncertainty on activity in the euro areaEconomic Bulletin Issue 8, 2016
- 15/12/2016
- Working paper no. 1988: Macroeconomic stabilization, monetary-fiscal interactions, and Europe’s monetary union
- 15/12/2016
- Letter from the ECB President to Mr Valli, MEP, and Mr Zanni, MEP, on the implementation of monetary policy
- 12/12/2016
- ECB contribution to the European Commission’s consultation on the review of the EU macroprudential policy framework
- 09/12/2016
- Working paper no. 1987: Determinants of sub-sovereign bond yield spreads: the role of fiscal fundamentals and federal bailout expectations
- 09/12/2016
- Working paper no. 1986: A global trade model for the euro area
- 08/12/2016
- Eurosystem staff macroeconomic projections for the euro area, December 2016ENGLISHOTHER LANGUAGES (21) +
- 30/11/2016
- European Union Balance of Payments and International Investment Position statistical sources and methods
- 30/11/2016
- Survey on the Access to Finance of Enterprises in the euro area – April to September 2016
- 29/11/2016
- Letter from the ECB President to Mr Borghezio, MEP, on high-denomination euro banknotes
- 29/11/2016
- Letter from the ECB President to Mr Fernández, MEP, on monetary policy
- 24/11/2016
- Towards a Framework for Calibrating Macroprudential Leverage Limits for Alternative Investment FundsFinancial Stability Review Issue 2, 2016
- 24/11/2016
- Addressing Market Failures in the Resolution of Non-Performing Loans in the Euro AreaFinancial Stability Review Issue 2, 2016
- 24/11/2016
- Adapting Bank Business Models: Financial Stability Implications of Greater Reliance on Fee and Commission IncomeFinancial Stability Review Issue 2, 2016
- 24/11/2016
- Financial Stability Review, November 2016
- 22/11/2016
- Working paper no. 1985: The risk-adjusted monetary policy rule
- 22/11/2016
- Working paper no. 1984: Towards more resilient economies: the role of well-functioning economic structures
- 22/11/2016
- Addressing market failures in the resolution of nonperforming loans in the euro area (Special Feature of the Financial Stability Review, November 2016)
- 21/11/2016
- Working paper no. 1983: Bank efficiency and regional growth in Europe: new evidence from micro-data
- 21/11/2016
- Working paper no. 1982: The impact of disasters on inflation
- 21/11/2016
- Research bulletin no. 29: The effective lower bound: some implications for inflation dynamics beyond the current low interest rate environment
- 18/11/2016
- Working paper no. 1981: Capital and labour (mis)allocation in the euro area: some stylized facts and determinants
- 17/11/2016
- Working paper no. 1980: US-euro area term structure spillovers, implications for central banks
- 17/11/2016
- Working paper no. 1979: Correlation changes between the risk-free rate and sovereign yields of euro area countries
- 17/11/2016
- Letter from the ECB President to Mr Ciocca, MEP, on monetary policy
- 17/11/2016
- Letter from the ECB President to Mr Molnar, MEP, on the activities of the Hungarian National Bank
- 17/11/2016
- Letter from the ECB President to Mr Urtasun, MEP, on the implementation of monetary policy
- 16/11/2016
- Working paper no. 1978: Mending the broken link: heterogeneous bank lending and monetary policy pass-through
- 16/11/2016
- Working paper no. 1977: Home bias in bank sovereign bond purchases and the bank-sovereign nexus
- 15/11/2016
- Working paper no. 1976: Gradualism and liquidity traps
- 15/11/2016
- Working paper no. 1975: Contagion, spillover and interdependence
- 11/11/2016
- Working paper no. 1974: How exporters set prices: evidence from a large behavioural survey
- 11/11/2016
- Working paper no. 1973: The optimal conduct of central bank asset purchases
- 09/11/2016
- AnaCredit Reporting Manual, Part I – General Methodology
- 09/11/2016
- Letter from the ECB President to Ms López Bermejo, MEP, on the advisory role of the ECB with regard to draft legislation falling within its fields of competence
- 08/11/2016
- Response letter from Sabine Lautenschläger to Commissioners Valdis Dombrovskis and Marianne Thyssen on the Memorandum of Understanding for the Macroeconomic Imbalances Procedure
- 08/11/2016
- Letter from Valdis Dombrovskis, Vice-President of the European Commission, to Sabine Lautenschläger on the Memorandum of Understanding for the Macroeconomic Imbalances Procedure
- 03/11/2016
- Recent developments in euro area residential property pricesEconomic Bulletin Issue 7, 2016
- 03/11/2016
- Economic developments in the aftermath of the UK referendum on EU membershipEconomic Bulletin Issue 7, 2016
- 03/11/2016
- Economic Bulletin Issue 7, 2016
- 02/11/2016
- TARGET balances and the asset purchase programmeEconomic Bulletin Issue 7, 2016
- 02/11/2016
- Exchange rate pass-through into euro area inflationEconomic Bulletin Issue 7, 2016
- 31/10/2016
- Business investment developments in the euro area since the crisisEconomic Bulletin Issue 7, 2016
- 31/10/2016
- The Future of the international monetary and financial architectureECB Forum on Central Banking 2016, conference proceedings
- 28/10/2016
- Research bulletin no. 28: The recovery of investment in the euro area in the aftermath of the great recession: how does it compare historically?
- 27/10/2016
- Report on financial structures
- 26/10/2016
- ECB environmental statement 2016
- 25/10/2016
- Working paper no. 1972: Forecast combination for euro area inflation: a cure in times of crisis?
- 25/10/2016
- Working paper no. 1971: Crisis severity and the international trade network
- 25/10/2016
- Macroprudential Bulletin, Issue 2, October 2016
- 21/10/2016
- The ECB Survey of Professional Forecasters (SPF) – Fourth Quarter of 2016
- 21/10/2016
- Working paper no. 1970: Firm responses to employment subsidies: a regression discontinuity approach to the 2012 Spanish labour market reform
- 21/10/2016
- Letter from the ECB President to Mr Bullmann, MEP, on the activities of the Hungarian National Bank
- 18/10/2016
- Letter from the ECB President to Mr Cozzolino, MEP, on targeted longer-term refinancing operations
- 18/10/2016
- Letter from the ECB President to Ms López Bermejo, MEP, on the implementation of monetary policy
- 18/10/2016
- Letter from the ECB President to Mr Fernández, MEP, on cash payment
- 04/10/2016
- Working paper no. 1969: Bank exposures and sovereign stress transmission
- 04/10/2016
- Working paper no. 1968: Carry trades and monetary conditions
- 30/09/2016
- Working paper no. 1967: The response of asset prices to monetary policy shocks: stronger than thought
- 30/09/2016
- Occasional paper no. 180: Dealing with large and volatile capital flows and the role of the IMF
- 27/09/2016
- Research bulletin no. 27: Does the tax advantage of debt impact financial stability?
- 22/09/2016
- Economic Bulletin Issue 6, 2016
- 22/09/2016
- What accounts for the recent decoupling between the euro area GDP deflator and the HICP excluding energy and food?Economic Bulletin Issue 6, 2016
- 22/09/2016
- Liquidity conditions and monetary policy operations in the period from 27 April to 26 July 2016Economic Bulletin Issue 6, 2016
- 22/09/2016
- Financing constraints in euro area regionsEconomic Bulletin Issue 6, 2016
- 21/09/2016
- The employment-GDP relationship since the crisisEconomic Bulletin Issue 6, 2016
- 21/09/2016
- Factors behind developments in average hours worked per person employed since 2008Economic Bulletin Issue 6, 2016
- 20/09/2016
- Determinants of the slowdown in global trade: what is the new normal?Economic Bulletin Issue 6, 2016
- 20/09/2016
- Letter from the ECB President to Mr Fernández and Mr Tang, MEPs, on monetary policy
- 20/09/2016
- Letter from the ECB President to ALDE MEPs regarding the reinstatement of the waiver affecting the eligibility of Greek bonds
- 19/09/2016
- Working paper no. 1966: An inflation-predicting measure of the output gap in the euro areaPublished in: Journal of Money, Credit and Banking (forthcoming)
- 19/09/2016
- Occasional paper no. 179: The euro area bank lending survey
- 19/09/2016
- Global production patterns from a European perspective: insights from a survey of large euro area firmsEconomic Bulletin Issue 6, 2016
- 16/09/2016
- Working paper no. 1965: Bank interest rate setting in the euro area during the Great Recession
- 16/09/2016
- Working paper no. 1964: Signals from the government: policy disagreement and the transmission of fiscal shocks
- 15/09/2016
- Occasional paper no. 178: Understanding the weakness in global trade - What is the new normal?
- 15/09/2016
- Occasional paper no. 177: What do we know about the global financial safety net? Rationale, data and possible evolution
- 14/09/2016
- Working paper no. 1963: Institutions, public debt and growth in Europe
- 14/09/2016
- Working paper no. 1962: Multiplex interbank networks and systemic importance: an application to European data
- 14/09/2016
- Working paper no. 1961: Have FOMC minutes helped markets to predict FED funds rate changes?Published in: Journal of Macroeconomics, Volume 49, September 2016: pp 18-32
- 14/09/2016
- Eurosystem contribution to the European Commission's DG FISMA consultation paper on further considerations for the implementation of the net stable funding ratio in the European Union
- 13/09/2016
- Working paper no. 1960: Got rejected? Real effects of not getting a loan
- 12/09/2016
- Working paper no. 1959: Interbank loans, collateral and modern monetary policy
- 12/09/2016
- Working paper no. 1958: How you export matters: the disassortative structure of international trade
- 09/09/2016
- Working paper no. 1957: Net debt supply shocks in the euro area and the implications for QE
- 09/09/2016
- Working paper no. 1956: The ECB's asset purchase programme: an early assessment
- 09/09/2016
- Working paper no. 1955: Has the exchange rate pass through recently declined in the euro area?
- 08/09/2016
- ECB staff macroeconomic projections for the euro area, September 2016ENGLISHOTHER LANGUAGES (21) +
- 31/08/2016
- Research bulletin no. 26: How distinct are financial cycles from business cycles?
- 31/08/2016
- Letter from the ECB President to Mr Reinhard Bütikofer, MEP, concerning the ECB's work on green finance
- 31/08/2016
- Letter from the ECB President to Mr Nikolaos Chountis, MEP, on the legal framework for appointing the members of banks’ boards of directors
- 31/08/2016
- Letter from the ECB President to Mr Dimitrios Papadimoulis, MEP, regarding the possible purchases of marketable instruments issued or guaranteed by the Hellenic Republic under the public sector purchase programme
- 31/08/2016
- Letter from the ECB President to Mr Matt Carthy, MEP, regarding the ECB Financial Stability Report
- 30/08/2016
- Working paper no. 1954: Credit constraints and the international propagation of US financial shocks
- 30/08/2016
- Working paper no. 1953: Animal spirits, fundamental factors and business cycle fluctuations
- 30/08/2016
- Working paper no. 1952: The great moderation in international capital flows: a global phenomenon?
- 29/08/2016
- Working paper no. 1951: The effectiveness of non-standard monetary policy measures: evidence from survey data
- 29/08/2016
- Working paper no. 1950: Is corruption efficiency-enhancing? A case study of nine Central and Eastern European countries
- 29/08/2016
- Working paper no. 1949: The stock market effects of a securities transaction tax: quasi-experimental evidence from Italy
- 29/08/2016
- Working paper no. 1948: Advanced economy inflation: the role of global factors
- 26/08/2016
- Working paper no. 1947: Deciding with judgment
- 26/08/2016
- Working paper no. 1946: Real exchange rates and international co-movement: news-shocks and non-tradable goods with complete markets
- 26/08/2016
- Working paper no. 1945: Anchoring of inflation expectations in the euro area: recent evidence based on survey dataPublished in: Łyziak T., Paloviita M. (2017), Anchoring of inflation expectations in the euro area: Recent evidence based on survey data, European Journal of Political Economy, 46, 52-73.
- 25/08/2016
- Working paper no. 1944: Multi-layered interbank model for assessing systemic risk
- 25/08/2016
- Working paper no. 1943: When shadows grow longer: shadow banking with endogenous entry
- 25/08/2016
- Working paper no. 1942: Policy spillovers and synergies in a monetary union
- 11/08/2016
- Occasional paper no. 176: The fiscal and macroeconomic effects of government wages and employment reform
- 10/08/2016
- Occasional paper no. 175: Labour market modelling in the light of the financial crisis
- 04/08/2016
- Economic Bulletin Issue 5, 2016
- 04/08/2016
- Trends in the external financing structure of euro area non-financial corporationsEconomic Bulletin Issue 5, 2016
- 04/08/2016
- The launch of money market statistical reportingEconomic Bulletin Issue 5, 2016
- 04/08/2016
- The layers of the global financial safety net: taking stockEconomic Bulletin Issue 5, 2016
- 03/08/2016
- The corporate bond market and the ECB’s corporate sector purchase programmeEconomic Bulletin Issue 5, 2016
- 03/08/2016
- Recent developments in capital flows to emerging market economiesEconomic Bulletin Issue 5, 2016
- 02/08/2016
- Recent developments in euro area construction activityEconomic Bulletin Issue 5, 2016
- 02/08/2016
- Increasing resilience and long-term growth: the importance of sound institutions and economic structures for euro area countries and EMUEconomic Bulletin Issue 5, 2016
- 01/08/2016
- New evidence on wage adjustment in Europe during the period 2010-13Economic Bulletin Issue 5, 2016
- 29/07/2016
- TITUS – Crisis communication exercise for euro area financial market infrastructures report
- 27/07/2016
- Statistics paper no. 16: The statistical classification of cash pooling activities
- 27/07/2016
- Letter from the ECB President to Mr Matt Carthy, MEP, regarding the Irish economy
- 25/07/2016
- Research bulletin no. 25: The role of the ECB’s asset purchases in preventing a potential de-anchoring of longer-term inflation expectations
- 22/07/2016
- Statistics paper no. 15: Unit non-response in household wealth surveys
- 22/07/2016
- The ECB Survey of Professional Forecasters (SPF) - Third Quarter of 2016
- 15/07/2016
- Working paper no. 1941: The role of price and cost competitiveness for intra- and extra-euro area trade of euro area countries
- 15/07/2016
- Working paper no. 1940: How competitiveness shocks affect macroeconomic performance across euro area countries
- 15/07/2016
- Eurosystem oversight policy framework
- 15/07/2016
- A guide to the Eurosystem/ECB staff macroeconomic projection exercises
- 14/07/2016
- Working paper no. 1939: Impact of the asset purchase programme on euro area government bond yields using market news
- 14/07/2016
- Working paper no. 1938: Bond risk premia, macroeconomic factors and financial crisis in the euro area
- 13/07/2016
- Working paper no. 1937: The invisible hand of the government: “Moral suasion” during the European sovereign debt crisis
- 13/07/2016
- Working paper no. 1936: Trade in value added: do we need new measures of competitiveness?
- 12/07/2016
- Working paper no. 1935: Assessing the costs and benefits of capital-based macroprudential policy
- 12/07/2016
- Working paper no. 1934: The BEAR toolbox
- 11/07/2016
- Working paper no. 1933: News and noise in the housing market
- 11/07/2016
- Statistics paper no. 14: Estimating gross value added volumes and prices by institutional sector
- 07/07/2016
- Working paper no. 1932: Credit market competition and liquidity crises
- 07/07/2016
- Bridging tables between the accounting balance sheet items of the NCBs and the ECB and the items to be reported for statistical purposes
- 07/07/2016
- Letter from the ECB President to Mr Benedek Jávor, MEP, on the activities of the Hungarian National Bank
- 07/07/2016
- Letter from the ECB President to Mr Nuno Melo, MEP, regarding a less significant credit institution
- 07/07/2016
- Letter from the ECB President to Ms Ana Gomes, Mr Carlos Zorrinho, Mr Pedro Silva Pereira, Mr Francisco Assis, Ms Liliana Rodrigues, Mr Ricardo Serrao Santos, Ms Maria Joao Rodrigues, MEPs, regarding a less significant credit institution
- 07/07/2016
- Letter from the ECB President to Mr Miguel Viegas, MEP, on the economic policy of the euro area
- 06/07/2016
- Working paper no. 1931: Networks of value added trade
- 06/07/2016
- Letter from the ECB President to Mr Jean-Claude Juncker, President of the European Commission, on the seizure of ECB information
- 06/07/2016
- Letter from the ECB President to Mr Fišer, State Prosecutor General of the Republic of Slovenia, on the seizure of ECB information
- 05/07/2016
- Working paper no. 1930: Credit spreads, economic activity and fragmentation
- 05/07/2016
- Working paper no. 1929: A portfolio demand approach for broad money in the euro area
- 04/07/2016
- Working paper no. 1928: The limits of model-based regulation
- 01/07/2016
- Working paper no. 1927: Violating the law of one price: the role of non-conventional monetary policy
- 01/07/2016
- Working paper no. 1926: Have monetary data releases helped markets to predict the interest rate decisions of the European Central Bank?
- 01/07/2016
- Research bulletin no. 24: How large is the output gap in the euro area
- 30/06/2016
- Disclosure report - TARGET2 assessment against the principles for financial market infrastructures
- 29/06/2016
- Working paper no. 1925: Stressed interbank markets: evidence from the European financial and sovereign debt crisis
- 27/06/2016
- Working paper no. 1924: Pricing sovereign credit risk of an emerging market
- 27/06/2016
- Occasional paper no. 174: Shadow banking in the euro area: risks and vulnerabilities in the investment fund sector
- 17/06/2016
- Working paper no. 1923: EAGLE-FLI. A macroeconomic model of banking and financial interdependence in the euro area
- 16/06/2016
- Economic Bulletin Issue 4, 2016
- 16/06/2016
- Country-specific recommendations for fiscal policies under the 2016 European SemesterEconomic Bulletin Issue 4, 2016
- 16/06/2016
- Improved timeliness of the euro area quarterly GDP flash estimate: first experiencesEconomic Bulletin Issue 4, 2016
- 16/06/2016
- Liquidity conditions and monetary policy operations in the period from 27 January 2016 to 26 April 2016Economic Bulletin Issue 4, 2016
- 16/06/2016
- The euro area fiscal stanceEconomic Bulletin Issue 4, 2016
- 15/06/2016
- The role of euro area non-monetary financial institutions in financial intermediationEconomic Bulletin Issue 4, 2016
- 15/06/2016
- Letter from the ECB President to Mr Csaba Molnár, MEP, on the activities of the Hungarian National Bank
- 14/06/2016
- Low interest rates and households’ net interest incomeEconomic Bulletin Issue 4, 2016
- 13/06/2016
- Global implications of low oil pricesEconomic Bulletin Issue 4, 2016
- 10/06/2016
- Working paper no. 1922: Global credit risk: world country and industry factors
- 10/06/2016
- Working paper no. 1921: The real exchange rate and economic growth: revisiting the case using external instruments
- 09/06/2016
- Working paper no. 1920: Making sense of the EU wide stress test: a comparison with the SRISK approach
- 09/06/2016
- Working paper no. 1919: Liquidity, innovation, and endogenous growth
- 08/06/2016
- Working paper no. 1918: Collateral damage? On collateral, corporate financing and performance
- 08/06/2016
- Working paper no. 1917: Search-based endogenous asset liquidity and the macroeconomy
- 08/06/2016
- Letter from the ECB President to Mr Nuno Melo, MEP, regarding a less significant credit institution
- 08/06/2016
- Letter from the ECB President to Mr Marco Zanni and Mr Marco Valli, MEPs, regarding macroprudential policies
- 08/06/2016
- The international role of the euro, June 2016
- 07/06/2016
- Convergence ReportENGLISHOTHER LANGUAGES (21) +ENGLISHOTHER LANGUAGES (21) +
- 07/06/2016
- Working paper no. 1916: Bank capital structure and the credit channel of central bank asset purchases
- 07/06/2016
- Working paper no. 1915: Business, housing and credit cycles
- 06/06/2016
- Working paper no. 1914: The effect of bank shocks on firm-level and aggregate investment
- 06/06/2016
- Working paper no. 1913: The risky steady state and the interest rate lower bound
- 03/06/2016
- Working paper no. 1912: Determinants of euro-denominated corporate bond spreads
- 03/06/2016
- Working paper no. 1911: Leading indicator properties of corporate bond spreads, excess bond premia and lending spreads in the euro area
- 02/06/2016
- Letter from the ECB President to Mr Jonás Fernández, MEP, on the expanded asset purchase programme
- 02/06/2016
- Letter from the ECB President to Mr Jonás Fernández, MEP, on euro banknkotes and coins
- 02/06/2016
- Eurosystem staff macroeconomic projections for the euro area - June 2016ENGLISHOTHER LANGUAGES (21) +
- 02/06/2016
- Letter from the ECB President to Mr Nikolaos Chountis, MEP, on the public sector purchase programme
- 02/06/2016
- Letter from the ECB President to Mr José Manuel Fernandes, MEP, regarding a less significant credit institution
- 02/06/2016
- Letter from the ECB President to Mr Nuno Melo, MEP, regarding a less significant credit institution
- 02/06/2016
- Letter from the ECB President to Mr Bernard Monot, MEP, on the ECB's monetary policy
- 02/06/2016
- Letter from the ECB President to Mr Marco Zanni, MEP, and Mr Marco Valli, MEP, on 5 euro coins
- 01/06/2016
- Survey on the Access to Finance of Enterprises in the euro area – October 2015 to March 2016
- 25/05/2016
- Working paper no. 1910: Waking up from the American dream: on the experience of young Americans during the housing boom of the 2000s
- 25/05/2016
- Working paper no. 1909: On domestic demand and export performance in the euro area countries: does export concentration matter?
- 24/05/2016
- A Case for Macroprudential Margins and HaircutsFinancial Stability Review Issue 1, 2016
- 24/05/2016
- Systemic Implications of the European Bail-In Tool: a Multi-Layered Network AnalysisFinancial Stability Review Issue 1, 2016
- 24/05/2016
- Recent Trends in Euro Area Banks' Business Models and Implications for Banking Sector StabilityFinancial Stability Review Issue 1, 2016
- 24/05/2016
- Working paper no. 1908: Unemployment risk and over-indebtedness
- 24/05/2016
- Working paper no. 1907: Estimating the top tail of the wealth distribution
- 24/05/2016
- Financial Stability Review, May 2016
- 23/05/2016
- Recent trends in euro area banks' business models and implications for banking sector stability (Special Feature of the Financial Stability Report, May 2016)
- 20/05/2016
- Occasional paper no. 173: Safeguarding the euro as a currency beyond the state
- 20/05/2016
- Letter from the ECB President to Mr Sven Giegold, MEP, on AnaCredit
- 18/05/2016
- Letter from the ECB President to Mr Nuno Melo, MEP, on the Portuguese adjustment programme
- 18/05/2016
- Letter from the ECB President to Ms Eva Kaili, MEP, on the Greek adjustment programme
- 18/05/2016
- Letter from the ECB President to Mr Nikolaos Chountis, MEP, on the public sector purchase programme
- 17/05/2016
- Working paper no. 1906: The collateral channel of open market operations
- 13/05/2016
- Working paper no. 1905: Exchange rate forecasting with DSGE models
- 13/05/2016
- Working paper no. 1904: The housing market, household portfolios and the German consumer
- 12/05/2016
- TARGET Annual Report 2015
- 10/05/2016
- Working paper no. 1903: Bank leverage and monetary policy's risk-taking channel: evidence from the United States
- 05/05/2016
- Economic Bulletin Issue 3, 2016
- 05/05/2016
- The second series of targeted longer-term refinancing operations (TLTRO II)Economic Bulletin Issue 3, 2016
- 05/05/2016
- Recent wage trends in the euro areaEconomic Bulletin Issue 3, 2016
- 05/05/2016
- Harmonised Index of Consumer Prices - Easter effects and improved seasonal adjustmentEconomic Bulletin Issue 3, 2016
- 04/05/2016
- Government debt reduction strategies in the euro areaEconomic Bulletin Issue 3, 2016
- 03/05/2016
- Working paper no. 1902: Export characteristics and output volatility: comparative firm-level evidence for CEE countries
- 03/05/2016
- The slowdown in emerging market economies and its implications for the global economyEconomic Bulletin Issue 3, 2016
- 03/05/2016
- Letter from the ECB President to Mr Fabio De Masi, MEP, on deposit guarantees schemes
- 03/05/2016
- Letter from the ECB President to Mr Steeve Briois and Mr Bernard Monot, MEPs, on the ECB’s monetary policy
- 03/05/2016
- Letter from the ECB President to Mr Brian Hayes, MEP, on macro prudential measures
- 03/05/2016
- Letter from the ECB President to Mr Notis Marias, MEP, on non-performing loans
- 02/05/2016
- Working paper no. 1901: Price drift before U.S. macroeconomic news: private information about public announcements?
- 02/05/2016
- Working paper no. 1900: Toward robust early-warning models: a horse race, ensembles and model uncertainty
- 02/05/2016
- Rebalancing in euro area portfolio investment flowsEconomic Bulletin Issue 3, 2016
- 27/04/2016
- Working paper no. 1899: Monetary policy according to HANK
- 27/04/2016
- Working paper no. 1898: Credit risk spillover between financials and sovereigns in the euro area during 2007-2015
- 26/04/2016
- Working paper no. 1897: Restoring rational choice: The challenge of consumer financial regulation
- 26/04/2016
- Working paper no. 1896: Dynamic balance sheet model with liquidity risk
- 25/04/2016
- Working paper no. 1895: Credit, asset prices and business cycles at the global level
- 25/04/2016
- Working paper no. 1894: Sovereign risk and bank risk-taking
- 25/04/2016
- Financial integration in Europe, April 2016
- 22/04/2016
- Occasional paper no. 172: Distributed ledger technologies in securities post-trading - Revolution or evolution?
- 22/04/2016
- The ECB Survey of Professional Forecasters (SPF) - Second Quarter of 2016
- 22/04/2016
- Letter from the ECB President to Mr Csaba Molnár, MEP, on Hungarian legislation and the monetary policy of the Hungarian National Bank
- 22/04/2016
- Letter from the ECB President to Mr Jonás Fernández, MEP, on the ECB’s proceeds from sanctions
- 22/04/2016
- Letter from the ECB President to Mr Jonás Fernández, MEP, on low interest rates
- 22/04/2016
- Letter from the ECB President to Mr Fabio De Masi, MEP, on high-denomination banknotes
- 21/04/2016
- Letter from the ECB President to Fabio De Masi, MEP, on monetary policy
- 20/04/2016
- Working paper no. 1893: On the design of data sets for forecasting with dynamic factor models
- 20/04/2016
- Working paper no. 1892: A lost generation? Education decisions and employment outcomes during the U.S. housing boom-bust cycle of the 2000s
- 20/04/2016
- Working paper no. 1891: Parsing financial fragmentation in the euro area: a multi-country DSGE perspective
- 20/04/2016
- Working paper no. 1890: Does slack influence public and private labor market interactions?
- 18/04/2016
- Euro area quarterly financial accounts - 2015 quality report
- 18/04/2016
- Euro area balance of payments and international investment position statistics - 2015 quality report
- 15/04/2016
- Occasional paper no. 171: Basel III and recourse to Eurosystem monetary policy operations
- 08/04/2016
- Occasional paper no. 170: Strengthening the role of local currencies in EU candidate and potential candidate countries
- 08/04/2016
- Statistics paper no. 13: Modelling metadata in central banks
- 07/04/2016
- Annual Report 2015ENGLISHOTHER LANGUAGES (21) +ENGLISHOTHER LANGUAGES (21) +
- 07/04/2016
- Cover letter to the transmission letter of the Annual Report 2015
- 07/04/2016
- Feedback on the input provided by the European Parliament as part of its resolution on the ECB Annual Report 2014
- 06/04/2016
- Letter from the ECB President to Mr Notis Marias, MEP, on the Eurosystem’s operational framework for monetary policy implementation
- 06/04/2016
- Letter from the ECB President to Fabio De Masi, MEP, on the eligibility criteria and other aspects of the APP
- 06/04/2016
- Letter from the ECB President to Mr Notis Marias, MEP, on the eligibility criteria of the APP
- 05/04/2016
- Occasional paper no. 169: Profit distribution and loss coverage rules for central banks
- 05/04/2016
- Letter from the ECB President to Mr Jonás Fernández, MEP
- 05/04/2016
- Letter from the ECB President to Mr Bernard Monot, MEP, on commodities markets
- 05/04/2016
- Letter from the ECB President to Mr Mario Borghezio, MEP, on gold reserves
- 30/03/2016
- Working paper no. 1889: Cables, Sharks and Servers: Technology and the Geography of the Foreign Exchange Market
- 24/03/2016
- Economic Bulletin Issue 2, 2016
- 24/03/2016
- The slowdown in US labour productivity growth - stylised facts and economic implicationsEconomic Bulletin Issue 2, 2016
- 24/03/2016
- Current oil price trendsEconomic Bulletin Issue 2, 2016
- 24/03/2016
- Liquidity conditions and monetary policy operations in the period from 28 October 2015 to 26 January 2016Economic Bulletin Issue 2, 2016
- 24/03/2016
- Factors behind the comparatively strong actvity in euro area servicesEconomic Bulletin Issue 2, 2016
- 24/03/2016
- The impact of the oil price decline on the current account surplus of the euro areaEconomic Bulletin Issue 2, 2016
- 24/03/2016
- The relationship between HICP inflation and HICP inflation excluding energy and foodEconomic Bulletin Issue 2, 2016
- 24/03/2016
- The 2016 macroeconomic imbalance procedure and the implementation of the 2015 country-specific recommendationsEconomic Bulletin Issue 2, 2016
- 23/03/2016
- Transmission of output shocks - the role of cross-border production chainsEconomic Bulletin Issue 2, 2016
- 23/03/2016
- Macroprudential Bulletin, Issue 1, March 2016
- 22/03/2016
- Oil prices and euro area consumer energy pricesEconomic Bulletin Issue 2, 2016
- 21/03/2016
- Public investment in EuropeEconomic Bulletin Issue 2, 2016
- 15/03/2016
- Letter from the ECB President to Ms Laura Ferrara, Mr Marco Valli, Mr Marco Zanni, MEPs, on total seigniorage income earned by the ECB and on the NCBs’ shares in the capital of the ECB
- 15/03/2016
- Letter from the ECB President to Mr Fabio De Masi, MEP, on the Agreement on Net Financial Assets
- 15/03/2016
- Letter from the ECB President to Mr Alfred Sant, MEP, on the ECB’s human resource policies
- 15/03/2016
- Letter from the ECB President to Ms Eva Kaili, MEP, on the Greek adjustment programme
- 10/03/2016
- ECB staff macroeconomic projections for the euro area - March 2016ENGLISHOTHER LANGUAGES (21) +
- 08/03/2016
- Working paper no. 1888: The impact of bank capital on economic activity - evidence from a mixed-cross-section GVAR model
- 03/03/2016
- Working paper no. 1887: Network Dependence in the Euro Area Money Market
- 01/03/2016
- Letter by the ECB President to Mr Richard Sulík on Slovakian legislation
- 01/03/2016
- Letter from the ECB President to Mr Fabio De Masi, Mr Nikolaus Chountis, Ms Sofia Sakorafa and Mr Miguel Urbán Crespo on the Greek adjustment programme
- 01/03/2016
- Letter from the ECB President to Mr Dennis de Jong on members of the ECB’s decision-making bodies participating to international discussion fora
- 01/03/2016
- Letter from the ECB President to Mr Jonas Fernández on monetary policy
- 19/02/2016
- Working paper no. 1886: Lending-of-last-resort is as lending-of-last-resort does: central bank liquidity provision and interbank market functioning in the euro areaPublished in: Journal of Financial Intermediation (forthcoming)
- 19/02/2016
- Revised oversight framework for retail payment systems
- 18/02/2016
- Working paper no. 1885: Advances in multivariate back-testing for credit risk underestimation
- 18/02/2016
- Working paper no. 1884: Lenders on the storm of wholesale funding shocks: Saved by the central bank?
- 18/02/2016
- Annual Accounts 2015ENGLISHOTHER LANGUAGES (22) +
- 18/02/2016
- Consolidated balance sheet of the Eurosystem as at 31 December 2015ENGLISHOTHER LANGUAGES (22) +
- 18/02/2016
- Letter from the ECB President to ENF members, EP, on the financing situation of small and medium-sized enterprises in the euro area
- 18/02/2016
- Letter from the ECB President to Mr Annemans, MEP, on monetary policy
- 18/02/2016
- Letter from the ECB President to Mr Kouloglou, MEP, on the Greek adjustment programme
- 18/02/2016
- Letter from the ECB President to Mr Marias, MEP, on the expanded asset purchase programme
- 18/02/2016
- Letter from the ECB President to Mr Borghezio, MEP, on the application of resolution tools
- 18/02/2016
- Letter from the ECB President to Mr Balz, MEP, on the Agreement on Net Financial Assets
- 08/02/2016
- Working paper no. 1883: Is fiscal consolidation self-defeating? A Panel-VAR analysis for the Euro area countries
- 05/02/2016
- Working paper no. 1882: Is the intrinsic value of macroeconomic news announcements related to their asset price impact?
- 05/02/2016
- Working paper no. 1881: Assessing the efficacy of borrower-based macroprudential policy using an integrated micro-macro model for European householdsPublished in: Economic Modelling, Vol. 61, February 2017, pages 510-528
- 04/02/2016
- Occasional paper no. 168: What's so special about specialization in the euro area?
- 04/02/2016
- Economic Bulletin Issue 1, 2016
- 04/02/2016
- What is driving Brazil's economic downturn?Economic Bulletin Issue 1, 2016
- 04/02/2016
- A closer look at differences between industrial gross value added and industrial productionEconomic Bulletin Issue 1, 2016
- 04/02/2016
- Eurosystem contribution to the European Commission's call for evidence on the EU regulatory framework for financial services
- 04/02/2016
- Letter from the ECB President to Mr De Masi, MEP, on international economic development
- 04/02/2016
- Letter from the ECB President to Mr Papadimoulis, MEP, on monetary policy
- 04/02/2016
- Letter from the ECB President to Mr Papadimoulis, MEP, on principles for external communication by members of the Executive Board and by ECB staff
- 04/02/2016
- Letter from the ECB President to ECR Members (EP) on the ECB’s communication policy in relation to the provision of emergency liquidity assistance (ELA)
- 04/02/2016
- Letter from the ECB President to Mr De Masi, MEP, on principles for external communication by members of the Executive Board
- 02/02/2016
- Recent developments in the composition and cost of bank funding in the euro areaEconomic Bulletin Issue 1, 2016
- 01/02/2016
- Eurosystem publishes more detailed criteria for accepting rating agenciesEconomic Bulletin Issue 1, 2016
- 29/01/2016
- Covered bonds in the European Union – ECB contribution to the European Commission’s public consultation
- 28/01/2016
- Occasional paper no. 167: Savings and investment behaviour in the euro area
- 26/01/2016
- Letter from the ECB President to Ms Elisa Ferreira, MEP, on issues related to the Banking Union
- 25/01/2016
- Working paper no. 1880: Reserve accumulation, inflation and moral hazard: Evidence from a natural experiment
- 25/01/2016
- Working paper no. 1879: Taking gravity online: the role of virtual proximity in international finance
- 25/01/2016
- CCBM procedures for Eurosystem counterparties
- 25/01/2016
- CCBM information for counterparties – summary of legal instruments used in the euro area
- 22/01/2016
- The ECB Survey of Professional Forecasters (SPF) - First Quarter of 2016
- 18/01/2016
- Working paper no. 1878: Sovereign to corporate risk spillovers
- 15/01/2016
- Letter from Sabine Lautenschläger, Member of the Executive Board and Vice-Chair of the Supervisory Board, to Mr Pieper, MEP, on AnaCredit
- 14/01/2016
- Working paper no. 1877: Credit subsidies
- 14/01/2016
- Working paper no. 1876: Bank networks from text: interrelations, centrality and determinants
- 13/01/2016
- Working paper no. 1875: The information in systemic risk rankings
- 13/01/2016
- Working paper no. 1874: Cash management and payment choices: a simulation model with international comparisons
- 13/01/2016
- Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP, on the Money Market Contact Group
- 13/01/2016
- Letter from the ECB President to Mr Zanni, MEP, and Mr Valli, MEP, on targeted longer-term refinancing operations
- 13/01/2016
- Letter from the ECB President to Mr Papadimoulis, MEP, and Mr Kouloglou, MEP, on several aspects of the Greek adjustment programme
- 12/01/2016
- Research Bulletin No. 23