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Publications published in 2017

29/03/2017
Working paper no. 2041: How does risk flow in the credit default swap market?
29/03/2017
Working paper no. 2040: Fiscal spillovers in the euro area a model-based analysis : en
23/03/2017
Economic Bulletin Issue 2, 2017 Web version PDF version ePub version
23/03/2017
Focus: Conceptual issues surrounding the measurement of fiscal space Economic Bulletin Issue 2, 2017
23/03/2017
Focus: New euro area statistics on insurance corporations Economic Bulletin Issue 2, 2017
23/03/2017
Focus: Liquidity conditions and monetary policy operations in the period from 26 October 2016 to 24 January 2017 Economic Bulletin Issue 2, 2017
23/03/2017
Focus: Impact of the ECB's non-standard measures on financing conditions: taking stock of recent evidence Economic Bulletin Issue 2, 2017
23/03/2017
Focus: EME financial market developments after the 2016 US presidential election compared with developments after the 2013 tapering talk episode Economic Bulletin Issue 2, 2017
22/03/2017
Article: The impact of global value chain participation on current account balances - a global perspective Economic Bulletin Issue 2, 2017
21/03/2017
Article: Firm heterogeneity and competitiveness in the European Union Economic Bulletin Issue 2, 2017
20/03/2017
Focus: The 2017 macroeconomic imbalance procedure and implementation of the 2016 country-specific recommendations Economic Bulletin Issue 2, 2017
20/03/2017
Focus: Analysing euro area net portfolio investment outflows Economic Bulletin Issue 2, 2017
17/03/2017
Working paper no. 2039: Macroeconomic effects of secondary market trading
17/03/2017
Occasional paper no. 184: Benchmarking institutional and structural indicators in EU candidate and potential candidate countries
15/03/2017
Working paper no. 2038: Stagnation traps
15/03/2017
Working paper no. 2037: The time dimension of the links between loss given default and the macroeconomy
14/03/2017
Working paper no. 2036: Fiscal reaction function and fiscal fatigue: evidence for the euro area
14/03/2017
Working paper no. 2035: Safe assets: a review
13/03/2017
Working paper no. 2034: The implications of global and domestic credit cycles for emerging market economies: measures of finance-adjusted output gaps
13/03/2017
Working paper no. 2033: The inflation risk premium in the post-Lehman period
09/03/2017
ECB staff macroeconomic projections for the euro area, March 2017
01/03/2017
Letter from the ECB President to Ms Paloma López Bermejo, MEP, on Spanish legislation
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01/03/2017
Letter from the ECB President to Ms Paloma López Bermejo, MEP, on the financial sector adjustment programme for Spain
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28/02/2017
Working paper no. 2032: Government guarantees and financial stability
28/02/2017
Working paper no. 2031: How robust is the result that the cost of "leaning against the wind" exceeds the benefit?
28/02/2017
Working paper no. 2030: Financial transaction taxes, market composition, and liquidity
28/02/2017
Tenth survey on correspondent banking in euro, 2016
27/02/2017
Working paper no. 2029: Macro stress testing euro area banks' fees and commissions
27/02/2017
Working paper no. 2028: A stochastic forward-looking model to assess the profitability and solvency of European insurers
24/02/2017
Working paper no. 2027: Economic crises and the eligiblity for the lender of last resort: evidence from 19th century France
24/02/2017
Working paper no. 2026: A panel VAR analysis of macro-financial imbalances in the EU
23/02/2017
Working paper no. 2025: Optimizing policymakers' loss functions in crisis prediction: before, within or after?
23/02/2017
Working paper no. 2024: Global inflation: the role of food, housing and energy prices
22/02/2017
Working paper no. 2023: Starting from a blank page? Semantic similarity in central bank communication and market volatility
22/02/2017
Working paper no. 2022: The role of counterparty risk and asymmetric information in the interbank market
22/02/2017
STAMP€: Stress-Test Analytics for Macroprudential Purposes in the euro area Edited by Stéphane Dees, Jérôme Henry and Reiner Martin
21/02/2017
Working paper no. 2021: The effect of public investment in Europe: a model-based assessment
21/02/2017
Occasional paper no. 183: Stress-Testing of liquidity risk in TARGET2
16/02/2017
Consolidated balance sheet of the Eurosystem as at 31 December 2016
10/02/2017
Working paper no. 2020: High frequency trading and fragility
10/02/2017
Working paper no. 2019: The impact of constrained monetary policy on fiscal multipliers on output and inflation
10/02/2017
Working paper no. 2018: Exchange rate prediction redux: new models, new data, new currencies
10/02/2017
Working paper no. 2017: Inside asset purchase programs: the effects of unconventional policy on banking competition
07/02/2017
Working paper no. 2016: Interactions between fiscal multipliers and sovereign risk premium during fiscal consolidation: model based assessment for the euro area
07/02/2017
ESCB Legal Conference 2016
06/02/2017
Working paper no. 2015: Forecasting euro area inflation using targeted predictors: is money coming back?
06/02/2017
Working paper no. 2014: The drivers of revenue productivity: a new decomposition analysis with firm-level data
06/02/2017
Letter from the ECB President to Mr Alfred Sant, MEP, on the European Court of Auditor’s report on the SSM
03/02/2017
Working paper no. 2013: Regular versus lump-sum payments in union contracts and household consumption
03/02/2017
Working paper no. 2012: Modeling euro area bond yields using a time-varying factor model
03/02/2017
Letter from the ECB President to Ms Marina Albiol Guzmán, MEP, on consumer protection
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03/02/2017
Letter from the ECB President to Ms Molly Scott Cato and Mr Ernest Urtasun, MEPs, on monetary policy implementation
03/02/2017
Letter from the ECB President to Mr Miguel Viegas, MEP, on monetary policy
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02/02/2017
Working paper no. 2011: Understanding sovereign rating movements in euro area countries
02/02/2017
Working paper no. 2010: The systemic implications of bail-in: a multi-layered network approach
02/02/2017
Focus: What has been driving developments in professional forecasters’ inflation expectations? Economic Bulletin Issue 1, 2017
02/02/2017
Focus: The role of energy base effects in short-term inflation developments Economic Bulletin Issue 1, 2017
02/02/2017
Focus: Wage adjustment and employment in Europe: some results from the Wage Dynamics Network Survey Economic Bulletin Issue 1, 2017
02/02/2017
Focus: Financial cycles and the macroeconomy Economic Bulletin Issue 1, 2017
02/02/2017
Focus: Economic growth in the euro area is broadening Economic Bulletin Issue 1, 2017
02/02/2017
Economic Bulletin Issue 1, 2017 Web version PDF version ePub version
01/02/2017
Working paper no. 2009: Securitization and credit quality
01/02/2017
Working paper no. 2008: Banks credit and productivity growth
31/01/2017
Working paper no. 2007: The rational inattention filter
31/01/2017
Occasional paper no. 182: Euro area fiscal stance
30/01/2017
Article: MFI lending rates: pass-through in the time of non-standard monetary policy Economic Bulletin Issue 1, 2017
25/01/2017
Working paper no. 2006: Demographics and inflation
25/01/2017
Working paper no. 2005: Low inflation and monetary policy in the euro area
25/01/2017
Working paper no. 2004: Mind the output gap: the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area
25/01/2017
Working paper no. 2003: Exchange rate pass-through in the euro area
25/01/2017
Working paper no. 2002: Changing prices... changing times: evidence for Italy
25/01/2017
Working paper no. 2001: Will US inflation awake from the dead? The role of slack and non-linearities in the Phillips curve
25/01/2017
Working paper no. 2000: Missing disinflation and missing inflation: the puzzles that aren't
25/01/2017
Working paper no. 1999: The long-term distribution of expected inflation in the euro area: what has changed since the great recession?
25/01/2017
Working paper no. 1998: Inflation anchoring in the euro area
25/01/2017
Working paper no. 1997: Tail co-movement in inflation expectations as an indicator of anchoring
25/01/2017
Working paper no. 1996: A new indicator of inflation expectations anchoring
25/01/2017
Working paper no. 1995: Unconventional monetary policy and the anchoring of inflation expectations
25/01/2017
Working paper no. 1994: Trust, but verify. De-anchoring of inflation expectations under learning and heterogeneity
25/01/2017
Occasional paper no. 181: Low inflation in the euro area: Causes and consequences
24/01/2017
Working paper no. 1993: Trade, finance or policies: what drives the cross-border spill-over of business cycles?
24/01/2017
Working paper no. 1992: Pricing of bonds and equity when the zero lower bound is relevant
23/01/2017
Working paper no. 1991: Below the zero lower bound: a shadow-rate term structure model for the euro area
23/01/2017
Statistics paper no. 19: Leverage interactions: a national accounts approach
23/01/2017
Letter from the ECB President to Mr Werner Langen, MEP, on TARGET2 operations
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20/01/2017
Working paper no. 1990: Financial inclusion: what’s it worth?
20/01/2017
Working paper no. 1989: Revenue elasticities in euro area countries
20/01/2017
Letter from the ECB President to Mr Costas Mavrides, MEP, on cooperative banks
20/01/2017
Letter from the ECB President to Mr Bernd Lucke, MEP, on monetary policy implementation
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20/01/2017
Letter from the ECB President to Mr Enrique Calvet Chambon, MEP, on the EU regulatory, supervisory and oversight framework
20/01/2017
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEPs, on TARGET2 operations
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20/01/2017
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEPs, on monetary policy
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20/01/2017
Letter from the ECB President to Mr David Coburn, MEP, on the ECB sanctioning powers in cases of breaches
17/01/2017
Manual on MFI interest rate statistics, January 2017
11/01/2017
Letter from the ECB President to Ms Pervenche Berès, MEP, on the legal framework for central counterparties
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11/01/2017
Letter from the ECB President to Mr Enrique Calvet Chambon, MEP, on monetary policy
02/01/2017
CCBM procedures for Eurosystem counterparties
02/01/2017
CCBM information for counterparties - Summary of legal instruments used in the euro area