Publications published in 2019

18/11/2019
Euro area bank profitability: where can consolidation help?Financial Stability Review Issue 2, 2019
18/11/2019
Working paper no. 2330: Forecasting and stress testing with quantile vector autoregression
18/11/2019
Implications of bank misconduct costs for bank equity returns and valuationsFinancial Stability Review Issue 2, 2019
14/11/2019
Working paper no. 2329: Unconventional monetary policy and corporate bond issuance
14/11/2019
Working paper no. 2328: Accuracy and determinants of self-assessed euro area house prices
12/11/2019
Report by the working group on euro risk-free rates on €STR fallback arrangements
11/11/2019
Occasional paper no. 236: Overcapacities in banking: measurements, trends and determinants
07/11/2019
Economic Bulletin Issue 7, 2019
07/11/2019
Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD) – September 2019
07/11/2019
Goodbye EONIA, welcome €STR!Economic Bulletin Issue 7, 2019
06/11/2019
Working paper no. 2327: Global value chain participation and exchange rate pass-through
06/11/2019
Report by the working group on euro risk-free rates with high-level recommendations for fallback provisions in contracts for cash products and derivatives transactions referencing EURIBOR
06/11/2019
Trends in central banks’ foreign currency reserves and the case of the ECBEconomic Bulletin Issue 7, 2019
05/11/2019
ECB Forum on Central Banking, June 2019ECB Forum on Central Banking 2019
05/11/2019
Report by the working group on euro risk-free rates on the financial accounting implications of the transition from EONIA to the €STR and the introduction of €STR-based fallbacks for EURIBOR
05/11/2019
A stylised tracer for labour market cycles in the euro area based on assessments by corporate executivesEconomic Bulletin Issue 7, 2019
04/11/2019
Working paper no. 2326: The impact of central bank liquidity support on banks’ balance sheets
04/11/2019
Working paper no. 2325: Inducing sparsity and shrinkage in time-varying parameter models
04/11/2019
Price-setting behaviour: insights from a survey of large firmsEconomic Bulletin Issue 7, 2019
04/11/2019
Developments in the services sector and its relationship with manufacturingEconomic Bulletin Issue 7, 2019
31/10/2019
Working paper no. 2324: Hours of work polarisation?
31/10/2019
Working paper no. 2323: Investment funds under stress
29/10/2019
On the interaction between different bank liquidity requirements
29/10/2019
Macroprudential policy measures
29/10/2019
Investigating initial margin procyclicality and corrective tools using EMIR data
29/10/2019
The disciplining effect of supervisory scrutiny on banks’ risk-taking: evidence from the EU wide stress test
29/10/2019
Bank capital-at-risk: measuring the impact of cyclical systemic risk on future bank losses
29/10/2019
Introduction
29/10/2019
Is leverage driving procyclical investor flows? Assessing investor behaviour in UCITS bond funds
28/10/2019
Working paper no. 2322: Fixed rate versus adjustable rate mortgages: evidence from euro area banks
25/10/2019
Legal working paper no. 19: The new challenges raised by investment arbitration for the EU legal order
25/10/2019
The ECB Survey of Professional Forecasters (SPF) - Fourth quarter of 2019
22/10/2019
The euro area bank lending survey – Third quarter of 2019
21/10/2019
ECB environmental statement 2019
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17/10/2019
Report by the working group on euro risk-free rates on the risk management implications of the transition from EONIA to the €STR and the introduction of €STR-based fallbacks for EURIBOR
16/10/2019
Occasional paper no. 235: Conditionality and design of IMF-supported programmes
14/10/2019
Research bulletin no. 63: The gender promotion gap: what holds back female economists from making a career in central banking?
07/10/2019
ECB Survey of Monetary Analysts (SMA) - questionnaire
04/10/2019
Working paper no. 2321: Introducing dominant currency pricing in the ECB’s global macroeconomic model
04/10/2019
Working paper no. 2320: Modelling yields at the lower bound through regime shifts
30/09/2019
Working paper no. 2319: Financial integration in Europe through the lens of composite indicators
30/09/2019
Occasional paper no. 234: Early French and German central bank charts and regulations
27/09/2019
Letter from the ECB President to Mr Domènec Ruiz Devesa, MEP, on monetary policy
27/09/2019
Letter from the ECB President to Mr Sven Giegold, MEP, on institutional matters
27/09/2019
Letter from the ECB President to Mr Matt Carthy MEP, on institutional matters
27/09/2019
Letter from the ECB President to Ms Eva Kaili, MEP, on stablecoin initiatives
27/09/2019
Euro money market study 2018
26/09/2019
Working paper no. 2318: Finance and carbon emissions
26/09/2019
Working paper no. 2317: Has the new bail-in framework increased the yield spread between subordinated and senior bonds?
26/09/2019
Economic Bulletin Issue 6, 2019
26/09/2019
Liquidity conditions and monetary policy operations in the period from 17 April to 30 July 2019Economic Bulletin Issue 6, 2019
26/09/2019
How do profits shape domestic price pressures in the euro area?Economic Bulletin Issue 6, 2019
26/09/2019
The September policy packageEconomic Bulletin Issue 6, 2019
26/09/2019
Research bulletin no. 62: Unconventional monetary policy operations – to what extent is there an upside for central bank balance sheet risks?
25/09/2019
Household income risk over the business cycleEconomic Bulletin Issue 6, 2019
24/09/2019
How does the current employment expansion in the euro area compare with historical patterns?Economic Bulletin Issue 6, 2019
24/09/2019
The taxonomy of ECB instruments available for banking supervisionEconomic Bulletin Issue 6, 2019
23/09/2019
Domestic versus foreign factors behind the fall in euro area industrial productionEconomic Bulletin Issue 6, 2019
23/09/2019
Derivatives transactions data and their use in central bank analysisEconomic Bulletin Issue 6, 2019
17/09/2019
Working paper no. 2316: Stock price cycles and business cycles
16/09/2019
Macroprudential Bulletin - Introductory statement by Luis de Guindos
16/09/2019
Working paper no. 2315: Introducing ECB-BASE: The blueprint of the new ECB semi-structural model for the euro area
16/09/2019
Occasional paper no. 233: Financial stability assessment for EU candidate countries and potential candidates
16/09/2019
The macroeconomic impact of changes in economic bank capital buffers
16/09/2019
Thinking beyond borders: how important are reciprocity arrangements for the use of sectoral capital buffers?
16/09/2019
Understanding the specific features of the CCyB and the SCCyB − evidence from the 3D DSGE model
13/09/2019
AnaCredit Validation Checks – Version 1.5
Selected validation checks performed in AnaCredit datasets
12/09/2019
ECB staff macroeconomic projections for the euro area, September 2019
04/09/2019
Working paper no. 2314: ECB corporate QE and the loan supply to bank-dependent firms
04/09/2019
Working paper no. 2313: Regulating the doom loop
03/09/2019
Occasional paper no. 232: Understanding low wage growth in the euro area and European countries
02/09/2019
20 Years of European Economic and Monetary Union: Selected takeaways from the ECB’s Sintra ForumECB Forum on Central Banking 2019
02/09/2019
Working paper no. 2312: Effects of labour and product market regulation on worker flows: evidence for the euro area using micro data
30/08/2019
Occasional paper no. 231: Taking stock of the functioning of the EU fiscal rules and options for reform
29/08/2019
Occasional paper no. 230: In search for stability in crypto-assets: are stablecoins the solution?
26/08/2019
ECB Survey of Monetary Analysts (SMA) - questionnaire
23/08/2019
Working paper no. 2311: Interbank rate uncertainty and bank lending
23/08/2019
Occasional paper no. 229: Are instant payments becoming the new normal? A comparative study
21/08/2019
Working paper no. 2310: Detecting turning points in global economic activity
19/08/2019
Report by the working group on euro risk-free rates on the impact of the transition from EONIA to the €STR on cash and derivatives products
16/08/2019
Working paper no. 2309: Much ado about nothing? The shale oil revolution and the global supply curve
14/08/2019
Working paper no. 2308: Dominant-currency pricing and the global output spillovers from US dollar appreciation
14/08/2019
Working paper no. 2307: Estimation of impulse response functions when shocks are observed at a higher frequency than outcome variables
12/08/2019
Working paper no. 2306: A macroeconomic vulnerability model for the euro area
12/08/2019
Occasional paper no. 228: Role of cross currency swap markets in funding and investment decisions
08/08/2019
Economic Bulletin Issue 5, 2019
08/08/2019
Priorities for fiscal policies under the 2019 European SemesterEconomic Bulletin Issue 5, 2019
08/08/2019
Country-specific recommendations for economic policies under the 2019 European SemesterEconomic Bulletin Issue 5, 2019
08/08/2019
Euro area foreign direct investment since 2018: the role of special purpose entitiesEconomic Bulletin Issue 9, 2019
08/08/2019
What is behind the change in the gap between services price inflation and goods price inflation?Economic Bulletin Issue 5, 2019
07/08/2019
Social spending, a euro area cross-country comparisonEconomic Bulletin Issue 5, 2019
07/08/2019
Understanding the crypto-asset phenomenon, its risks and measurement issuesEconomic Bulletin Issue 5, 2019
06/08/2019
Sources of economic policy uncertainty in the euro area: a machine learning approachEconomic Bulletin Issue 5, 2019
06/08/2019
Global value chain participation and exchange rate pass-through to export and import pricesEconomic Bulletin Issue 5, 2019
05/08/2019
Services trade liberalisation and global imbalances: a critical review of the empirical evidenceEconomic Bulletin Issue 5, 2019
05/08/2019
What is behind the decoupling of global activity and trade?Economic Bulletin Issue 5, 2019
01/08/2019
Working paper no. 2305: The cost-efficiency and productivity growth of euro area banks
01/08/2019
Working paper no. 2304: Expectations-driven liquidity traps: implications for monetary and fiscal policy
01/08/2019
Response to the public consultation on draft ECB Decision under Article 21 of the revised SIPS Regulation
31/07/2019
Commission’s Communication on further strengthening the Rule of Law within the Union: a central bank perspective
31/07/2019
Working paper no. 2303: Monetary policy shocks and the health of banks
31/07/2019
Working paper no. 2302: The macroeconomic effects of international uncertainty
31/07/2019
Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD) – June 2019
30/07/2019
Working paper no. 2301: International debt and Special Purpose Entities: evidence from Ireland
30/07/2019
Working paper no. 2300: Fast trading and the virtue of entropy: evidence from the foreign exchange market
30/07/2019
Research bulletin no. 61: How to signal the future path of interest rates? The international evidence on forward guidance
29/07/2019
Working paper no. 2299: Insurers’ investment strategies: pro- or countercyclical?
29/07/2019
Working paper no. 2298: Behind the scenes of the beauty contest: window dressing and the G-SIB framework
26/07/2019
Working paper no. 2297: Monetary policy, macroprudential policy, and financial stability
26/07/2019
Working paper no. 2296: Disentangling the role of the exchange rate in oil-related scenarios for the European stock market
26/07/2019
Letter from the ECB President to Mr Markus Ferber, MEP, on stablecoin initiatives
26/07/2019
Letter from the ECB President to Mr Markus Ferber, MEP, on a Slovenian draft law on judicial relief granted to former holders of qualified bank credit
26/07/2019
The ECB Survey of Professional Forecasters (SPF) - Third quarter of 2019
23/07/2019
The euro area bank lending survey – Second quarter of 2019
17/07/2019
Working paper no. 2295: Phillips curves in the euro area
17/07/2019
Occasional paper no. 227: Macroprudential policy at the ECB: Institutional framework, strategy, analytical tools and policies
16/07/2019
Research bulletin no. 60: Do low interest rates hurt banks’ equity values?
10/07/2019
Letter from the ECB President to Mr Markus Ferber, MEP, on the European distribution of debt instruments (EDDI) initiative
10/07/2019
Working paper no. 2294: An agent-based model for the assessment of LTV caps
08/07/2019
Working paper no. 2293: Tracing the impact of the ECB’s asset purchase programme on the yield curve
08/07/2019
ECB Survey of Monetary Analysts (SMA) - questionnaire
02/07/2019
Occasional paper no. 226: Macroprudential stress test of the euro area banking system
01/07/2019
Implications of digitalisation in retail payments for the Eurosystem’s catalyst role
28/06/2019
Working paper no. 2292: Impact of higher capital buffers on banks’ lending and risk-taking: evidence from the euro area experiments
28/06/2019
Letter from the ECB President to Mr Sven Giegold, MEP, on the collateral eligibility criteria for unsecured bank bonds
28/06/2019
Euro area monetary and financial statistics - 2018 quality report
28/06/2019
ESS - ESCB quality assessment report on statistics underlying the Macroeconomic Imbalance Procedure (annual report for 2018)
27/06/2019
Research bulletin no. 59: Price and Wage Setting when Accurate Decisions Are Costly: Implications for Monetary Policy Transmission
26/06/2019
Legal working paper no. 18: The European Central Bank and EU procurement law: a comparative outlook
20/06/2019
Economic Bulletin Issue 4, 2019
20/06/2019
Liquidity conditions and monetary policy operations in the period from 30 January to 16 April 2019Economic Bulletin Issue 4, 2019
20/06/2019
Confidence and business investmentEconomic Bulletin Issue 4, 2019
20/06/2019
The decrease in euro area net financial outflows in 2018: foreign direct investment retrenchment and portfolio investment slowdownEconomic Bulletin Issue 4, 2019
19/06/2019
Occasional paper no. 225: Firm heterogeneity and trade in EU countries: a cross-country analysis
19/06/2019
Rent inflation in the euro area since the crisisEconomic Bulletin Issue 4, 2019
19/06/2019
The euro area labour market through the lens of the Beveridge curveEconomic Bulletin Issue 4, 2019
17/06/2019
Definitions and characteristics of soft patches in the euro areaEconomic Bulletin Issue 4, 2019
17/06/2019
Drivers of underlying inflation in the euro area over time: a Phillips curve perspectiveEconomic Bulletin Issue 4, 2019
14/06/2019
Letter from the ECB President to Mr Nikolaos Chountis, MEP, on monetary policy
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14/06/2019
Letter from the ECB President to Mr Miguel Viegas, MEP, on monetary policy
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14/06/2019
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on the Irish economy
14/06/2019
Letter from the ECB President to Mr Markus Ferber, MEP, on the European financial sector
13/06/2019
The international role of the euro, June 2019
13/06/2019
Occasional paper no. 224: Economic structures 20 years into the euro
13/06/2019
Common Minimum Standards for Data Revisions as agreed between the ECB, EIOPA, National Central Banks and National Competent Authorities
11/06/2019
Working paper no. 2291: An analysis of the Eurosystem/ECB projections
11/06/2019
Working paper no. 2290: Competition among high-frequency traders, and market quality
07/06/2019
Working paper no. 2289: Is there a zero lower bound? The effects of negative policy rates on banks and firms
07/06/2019
Working paper no. 2288: The procyclicality of banking: evidence from the euro area
07/06/2019
Euro area and national balance of payments and international investment position statistics - 2018 quality report
07/06/2019
Euro area and national quarterly financial accounts - 2018 quality report
06/06/2019
Eurosystem staff macroeconomic projections for the euro area, June 2019
31/05/2019
AnaCredit Reporting Manual Part III – Case studies, second edition
31/05/2019
AnaCredit Reporting Manual Part II – Datasets and data attributes, second edition
31/05/2019
AnaCredit Reporting Manual Part I – General Methodology
29/05/2019
Macroprudential space and current policy trade-offs in the euro areaFinancial Stability Review Issue 1, 2019
29/05/2019
Economic shocks and contagion in the euro area banking sector: a new micro-structural approachFinancial Stability Review Issue 1, 2019
29/05/2019
Climate change and financial stabilityFinancial Stability Review Issue 1, 2019
29/05/2019
Financial Stability Review, May 2019
29/05/2019
Survey on the Access to Finance of Enterprises in the euro area − October 2018 to March 2019
27/05/2019
Working paper no. 2287: The architecture of supervision
27/05/2019
TARGET Annual Report 2018
24/05/2019
Working paper no. 2286: Bank capital in the short and in the long run
23/05/2019
Working paper no. 2285: Cross-border effects of prudential regulation: evidence from the euro area
23/05/2019
Research bulletin no. 58: Prudential regulation, national differences and banking stability
22/05/2019
Working paper no. 2284: Rules and discretion(s) in prudential regulation and supervision: evidence from EU banks in the run-up to the crisis
20/05/2019
Working paper no. 2283: Negative interest rates, excess liquidity and retail deposits: banks’ reaction to unconventional monetary policy in the euro area
20/05/2019
Working paper no. 2282: EME financial conditions: which global shocks matter?
17/05/2019
Working paper no. 2281: Measuring euro area monetary policy
17/05/2019
Occasional paper no. 223: Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures
15/05/2019
Working paper no. 2280: The global capital flows cycle: structural drivers and transmission channels
15/05/2019
ECB Survey of Monetary Analysts (SMA) - questionnaire
10/05/2019
Working paper no. 2279: Uncertainty shocks, monetary policy and long-term interest rates
06/05/2019
Working paper no. 2278: Targeting financial stability: macroprudential or monetary policy?
06/05/2019
Working paper no. 2277: Pockets of risk in European housing markets: then and now
03/05/2019
Working paper no. 2276: Institutional presence in secondary bank bond markets: how does it affect liquidity and volatility?
03/05/2019
Occasional paper no. 222: Monetary policy, credit institutions and the bank lending channel in the euro area
02/05/2019
Letter from the ECB President to Mr Auke Zijlstra, MEP, on monetary policy
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02/05/2019
Letter from the ECB President to Mr Sotirios Zarianopoulos, MEP, on the Greek economy
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02/05/2019
Letter from the ECB President to Ms Eleonora Evi, Mr Piernicola Pedicini, Ms Isabella Adinolfi, Ms Laura Agea, Ms Tiziana Beghin, Ms Rosa D’Amato, Mr Fabio Massimo Castaldo, Mr Ignazio Corrao, Ms Laura Ferrara, Mr Dario Tamburrano, Mr Marco Zullo, MEPs, on members of the ECB’s decision-making bodies participating in international discussion fora
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02/05/2019
Letter from the ECB President to Mr Nikolaos Chountis, MEP, on the Greek economy
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02/05/2019
Letter from the ECB President to Mr Mario Borghezio, MEP, on the European financial sector
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30/04/2019
Working paper no. 2275: Did the euro change the nature of FDI flows among member states?
30/04/2019
Occasional paper no. 221: The impact of global value chains on the euro area economy
30/04/2019
Research bulletin no. 57: What is the macroeconomic impact of changing money market conditions?
29/04/2019
Working paper no. 2274: Credit rating dynamics: evidence from a natural experiment
26/04/2019
Working paper no. 2273: Mapping bank securities across euro area sectors: comparing funding and exposure networks
26/04/2019
Working paper no. 2272: Monetary policy implications of state-dependent prices and wages
25/04/2019
Economic Bulletin Issue 3, 2019
25/04/2019
The predictive power of real M1 for real economic activity in the euro areaEconomic Bulletin Issue 3, 2019
25/04/2019
Emerging market economy currencies: the role of global risk, the US dollar and domestic forcesEconomic Bulletin Issue 3, 2019
25/04/2019
What the maturing tech cycle signals for the global economyEconomic Bulletin Issue 3, 2019
24/04/2019
The economic implications of rising protectionism: a euro area and global perspectiveEconomic Bulletin Issue 3, 2019
23/04/2019
Working paper no. 2271: Credit supply and human capital: evidence from bank pension liabilities
23/04/2019
Fiscal rules in the euro area and lessons from other monetary unionsEconomic Bulletin Issue 3, 2019
23/04/2019
Exploring the factors behind the 2018 widening in euro area corporate bond spreadsEconomic Bulletin Issue 3, 2019
18/04/2019
Working paper no. 2270: Risky assets in Europe and the US: risk vulnerability, risk aversion and economic environment
18/04/2019
Working paper no. 2269: Shocks and labour cost adjustment: evidence from a survey of European firms
17/04/2019
Working paper no. 2268: Dynamic fiscal limits and monetary-fiscal policy interactions
17/04/2019
Working paper no. 2267: Monetary policy spillovers, capital controls and exchange rate flexibility, and the financial channel of exchange rates
17/04/2019
Card payments in Europe – current landscape and future prospects: a Eurosystem perspective
16/04/2019
Working paper no. 2266: Collateral booms and information depletion
16/04/2019
Working paper no. 2265: The gender promotion gap: evidence from central banking
15/04/2019
Working paper no. 2264: The CSPP at work - yield heterogeneity and the portfolio rebalancing channel
15/04/2019
Working paper no. 2263: Can more public information raise uncertainty? The international evidence on forward guidance
12/04/2019
Working paper no. 2262: Once bitten: new evidence on the link between IMF conditionality and IMF stigma
12/04/2019
Working paper no. 2261: The benefits and costs of adjusting bank capitalisation: evidence from euro area countries
11/04/2019
The ECB Survey of Professional Forecasters (SPF) - Second quarter of 2019
09/04/2019
The euro area bank lending survey – First quarter of 2019
04/04/2019
Geographical allocation of euro area portfolio investment liabilities: estimates of outstanding amounts and associated income flows
01/04/2019
Annual Report 2018
01/04/2019
Cover letter to the transmission letter of the Annual Report 2018
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01/04/2019
Feedback on the input provided by the European Parliament as part of its resolution on the ECB Annual Report for 2017
29/03/2019
Working paper no. 2260: Macroprudential policy in a monetary union with cross-border banking
28/03/2019
Letter from the ECB President to Mr Bernd Lucke, MEP, on TARGET2
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28/03/2019
Letter from the ECB President to Ms Paloma López Bermejo, MEP, on high-denomination euro banknotes
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28/03/2019
Letter from the ECB President to Ms Ulrike Trebesius, MEP, on the ECB’s human resource policies
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28/03/2019
Letter from the ECB President to Mr Piernicola Pedicini, MEP, on the European financial sector
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28/03/2019
Letter from the ECB President to Mr Marco Valli and Mr Marco Zanni, MEP, on Treaty provisions on foreign reserves
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28/03/2019
Letter from the ECB President to Ms Eva Kaili, MEP, on the European financial sector
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28/03/2019
Working paper no. 2259: On the credit and exchange rate channels of central bank asset purchases in a monetary union
28/03/2019
Working paper no. 2258: Demographics and the natural real interest rate: historical and projected paths for the euro area
27/03/2019
Macroprudential Bulletin - Introductory statement by Luis de Guindos
27/03/2019
Is taxpayers’ money better protected now? An assessment of banking regulatory reforms ten years after the global financial crisis
27/03/2019
A bird’s-eye view of the resilience of the European banking system: results from the new macroprudential stress test framework
27/03/2019
Macroprudential analysis of residential real estate markets
27/03/2019
Shelter from the storm: recent countercyclical capital buffer (CCyB) decisions
27/03/2019
Macroprudential policy measures
27/03/2019
Working paper no. 2257: Taylor-rule consistent estimates of the natural rate of interest
27/03/2019
Working paper no. 2256: Does liquidity regulation impede the liquidity profile of collateral?
26/03/2019
Working paper no. 2255: Fiscal multipliers and foreign holdings of public debt
26/03/2019
Working paper no. 2254: Stress testing household balance sheets in Luxembourg
26/03/2019
Research bulletin no. 56: Interactions between monetary and macroprudential policies
25/03/2019
Working paper no. 2253: Concentration, market power and dynamism in the euro area
25/03/2019
Working paper no. 2252: Distance(s) and the volatility of international trade(s)
21/03/2019
Working paper no. 2251: Labor share and growth in the long run
21/03/2019
Economic Bulletin Issue 2, 2019
21/03/2019
Liquidity conditions and monetary policy operations in the period from 31 October 2018 to 29 January 2019Economic Bulletin Issue 2, 2019
21/03/2019
Characterising the current expansion across non-euro area advanced economies: where do we go from here?Economic Bulletin Issue 2, 2019
21/03/2019
The European Commission’s 2019 assessment of macroeconomic imbalances and progress on reformsEconomic Bulletin Issue 2, 2019
21/03/2019
Interest rate-growth differential and government debt dynamicsEconomic Bulletin Issue 2, 2019
21/03/2019
A new method for the package holiday price index in Germany and its impact on HICP inflation ratesEconomic Bulletin Issue 2, 2019
20/03/2019
Working paper no. 2250: Forecasting daily electricity prices with monthly macroeconomic variables
19/03/2019
Occasional paper no. 220: The impact of lending standards on default rates of residential real estate loans
19/03/2019
New features in the Harmonised Index of Consumer Prices: analytical groups, scanner data and web-scrapingEconomic Bulletin Issue 2, 2019
19/03/2019
Employment growth and GDP in the euro areaEconomic Bulletin Issue 2, 2019
18/03/2019
Working paper no. 2249: Whatever it takes: what’s the impact of a major nonconventional monetary policy intervention?
18/03/2019
Taking stock of the Eurosystem’s asset purchase programme after the end of net asset purchasesEconomic Bulletin Issue 2, 2019
13/03/2019
ECB Survey of Monetary Analysts (SMA) - questionnaire
12/03/2019
Working paper no. 2248: Global growth on life support? The contributions of fiscal and monetary policy since the global financial crisis
07/03/2019
ECB staff macroeconomic projections for the euro area, March 2019
28/02/2019
SEPA Migration – impact assessment
25/02/2019
Working paper no. 2247: The Green Golden Rule: habit and anticipation of future consumption
22/02/2019
Letter from the ECB President to Mr Paul Tang, MEP, on the Eurosystem credit assessment framework
22/02/2019
Working paper no. 2246: Mars or mercury redux: the geopolitics of bilateral trade agreements
22/02/2019
Working paper no. 2245: The financial transmission of housing bubbles: evidence from Spain
22/02/2019
Qualitative stock-taking questionnaire on the integrated reporting framework
Analysis of high-level considerations and high-priority technical aspects
22/02/2019
The ESCB Integrated Reporting Framework (IReF): an overview
22/02/2019
Research bulletin no. 55: Interest rate risk in the euro area
21/02/2019
Annual Accounts 2018
21/02/2019
Consolidated balance sheet of the Eurosystem as at 31 December 2018
18/02/2019
Working paper no. 2244: Credit, financial conditions and the business cycle in China
18/02/2019
Working paper no. 2243: Monetary policy transmission to mortgages in a negative interest rate environment
15/02/2019
Working paper no. 2242: The anatomy of the euro area interest rate swap market
15/02/2019
Working paper no. 2241: Debt overhang, rollover risk, and corporate investment: evidence from the European crisis
14/02/2019
Working paper no. 2240: Breaking the shackles: Zombie firms, weak banks and depressed restructuring in Europe
14/02/2019
Occasional paper no. 219: Anticipating the bust: a new cyclical systemic risk indicator to assess the likelihood and severity of financial crises
13/02/2019
Letter from the ECB President to Auke Zijlstra, MEP, on monetary policy
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13/02/2019
Letter from the ECB President to Werner Langen, MEP, on the European financial sector
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13/02/2019
Working paper no. 2239: Money markets, collateral and monetary policy
13/02/2019
Working paper no. 2238: America First? A US-centric view of global capital flows
07/02/2019
Working paper no. 2237: Empowering central bank asset purchases: The role of financial policies
07/02/2019
Working paper no. 2236: Do reputable issuers provide better-quality securitizations?
07/02/2019
Economic Bulletin Issue 1, 2019
07/02/2019
The mechanical impact of changes in oil price assumptions on projections for euro area HICP energy inflationEconomic Bulletin Issue 1, 2019
07/02/2019
Results of the third special questionnaire for participants in the ECB Survey of Professional Forecasters
06/02/2019
Fiscal spillovers in a monetary unionEconomic Bulletin Issue 1, 2019
06/02/2019
Recent developments in oil pricesEconomic Bulletin Issue 1, 2019
05/02/2019
Twenty years of the ECB Survey of Professional ForecastersEconomic Bulletin Issue 1, 2019
04/02/2019
Working paper no. 2235: The link between labor cost and price inflation in the euro area
04/02/2019
Driving factors of and risks to domestic demand in the euro areaEconomic Bulletin Issue 1, 2019
01/02/2019
Working paper no. 2234: Markets, banks, and shadow banks
01/02/2019
Occasional paper no. 218: Availability of high-quality liquid assets and monetary policy operations: an analysis for the euro area
31/01/2019
Working paper no. 2233: A dynamic model of bank behaviour under multiple regulatory constraints
31/01/2019
Working paper no. 2232: From cash- to securities-driven euro area repo markets: the role of financial stress and safe asset scarcity
30/01/2019
Working paper no. 2231: Do public wages in the euro area explain private wage developments? An empirical investigation
30/01/2019
Working paper no. 2230: Some borrowers are more equal than others: bank funding shocks and credit reallocation
29/01/2019
Working paper no. 2229: Medium term treatment and side effects of quantitative easing: international evidence
29/01/2019
Manual on MFI balance sheet statistics
29/01/2019
Research bulletin no. 54: Quantitative easing did not increase inequality in the euro area
28/01/2019
Working paper no. 2228: When losses turn into loans: the cost of undercapitalized banks
28/01/2019
Working paper no. 2227: Mind the gap: a multi-country BVAR benchmark for the Eurosystem projections
25/01/2019
Working paper no. 2226: Money, credit, monetary policy and the business cycle in the euro area: what has changed since the crisis?
25/01/2019
Working paper no. 2225: Risk endogeneity at the lender/investor-of-last-resort
25/01/2019
Government finance statistics guide
25/01/2019
The ECB Survey of Professional Forecasters (SPF) - First quarter of 2019
22/01/2019
The euro area bank lending survey – Fourth quarter of 2018
21/01/2019
Working Group on euro risk-free rates - Guiding principles for fallback provisions in new contracts for euro-denominated cash products
16/01/2019
Letter from the ECB President to Mr Luke Ming Flanagan, MEP, on the European financial sector
16/01/2019
Letter from the ECB President to Mr Stelios Kouloglou, MEP, on the Greek adjustment programme
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16/01/2019
Working paper no. 2224: CoMap: mapping contagion in the euro area banking sector
16/01/2019
Working paper no. 2223: Leaning against the wind: macroprudential policy and the financial cycle
15/01/2019
Working paper no. 2222: On the retirement effect of inheritance: heterogeneity and the role of risk aversion
15/01/2019
Working paper no. 2221: Interest rates and foreign spillovers
11/01/2019
Working paper no. 2220: Attenuating the forward guidance puzzle: implications for optimal monetary policy