Date published | SUERF | Issue | Title | Author(s) |
Sep 2023 | Policy Note | No 322 | Central Banks: Firefighters or Pyromaniacs in Recent Crises? | Marc-Olivier Strauss-Kahn |
Sep 2023 | Policy Brief | No 690 | Gauging price pressures in the euro area with the inflation compass | Nuno Lourenço, João Quelhas, António Rua |
Sep 2023 | Policy Brief | No 689 | An Unconventional FX Tail Risk Story | Carlos Cañon, Eddie Gerba, Alberto Pambira, Evarist Stoja |
Sep 2023 | Policy Brief | No 688 | Bonds at a premium: the impact of insurers on corporate bond issuers | Christian Kubitza |
Sep 2023 | Policy Note | No 321 | Technological change and the destabilisation of bank deposits: Assessment and policy implications | Ulrich Bindseil, Richard Senner |
Sep 2023 | Policy Brief | No 687 | Fear The Walking Dead? Zombie Firms in the Euro Area and Their Effect on Healthy Firms’ Credit Conditions | Lea Katharina Havemeister, Kristian Horn |
Sep 2023 | Policy Brief | No 686 | The long-term effects of inflation on inflation expectations | Fabio Braggion, Felix von Meyerinck, Nic Schaub, Michael Weber |
Sep 2023 | Policy Brief | No 685 | How does climate change reshape the corporate sector? Evidence from Italian firms | Michele Cascarano, Filippo Natoli, and Andrea Petrella |
Sep 2023 | Policy Brief | No 684 | Fear (no more) of Floating: How emerging market central banks avoided a currency meltdown during the pandemic despite purchasing local-currency assets | Yasin Mimir, Enes Sunel |
Sep 2023 | Policy Note | No 320 | Leaving the eurozone but staying in the EU. Can it be done? And is it wise? | Wim Boonstra |
Sep 2023 | Policy Brief | No 683 | Can monetary policy ignore financial stability risks? | Sulkhan Chavleishvili, Manfred Kremer, Frederik Lund-Thomsen |
Sep 2023 | Policy Brief | No 682 | How asymmetries of information can amplify house price shocks to the supply of mortgage credit? | Salomón García |
Sep 2023 | Policy Brief | No 681 | To use or not to use? Capital buffers and lending during a crisis | Vítor Oliveira, Diogo Serra |
Sep 2023 | Policy Brief | No 680 | US Monetary Policy Spillovers To Emerging Markets: The Role of Trade Credit | Mélina London, Maéva Silvestrini |
Sep 2023 | Policy Note | No 319 | Stylised facts on the effectiveness of macroprudential policy | Pedro Duarte Neves |
Sep 2023 | Policy Brief | No 679 | The current Polycrisis versus the Global Financial Crisis | Marc-Olivier Strauss-Kahn |
Sep 2023 | Policy Brief | No 678 | Nowcasting World Trade with Machine Learning: a Three-Step Approach | Menzie Chinn, Baptiste Meunier, Sebastian Stumpner |
Sep 2023 | Policy Brief | No 677 | How does changing pricing behavior affect inflation? Evidence from Euro Area microdata | Juhana Hukkinen, Matti Viren |
Sep 2023 | Policy Brief | No 676 | Cash plays a key role for various groups at risk | Carin van der Cruijsen, Jelmer Reijerink |
Sep 2023 | Policy Brief | No 675 | How producer price changes transmit into final goods prices | Edvin Ahlander, Mikael Carlsson, Mathias Klein |
Aug 2023 | Policy Brief | No 674 | More uncertainty, but no financial compensation: Wage differentials between permanent and flexible jobs in The Netherlands | Cindy Biesenbeek, Maikel Volkerink |
Aug 2023 | Policy Brief | No 673 | Macroeconomic News, the Financial Cycle and the Commodity Cycle: the Chinese Footprint | Flavia Corneli, Fabrizio Ferriani, Andrea Gazzani |
Aug 2023 | Policy Brief | No 672 | Explaining the endurance of price level differences in the euro area | Huw Dixon, Pavlos Petroulas, Theodora Kosma |
Aug 2023 | Policy Brief | No 671 | An Analysis of Business Cycle Fluctuations in Slovenia and the Euro Area | Jan Radovan |
Aug 2023 | Policy Brief | No 670 | How to Design Carbon Pricing Under Financial Constraints? Revisiting Pigouvian Taxation when Borrowers are “Too Levered for Pigou” | Robin Döttling, Magdalena Rola-Janicka |
Aug 2023 | Policy Brief | No 669 | Could Green Growth Be An Oxymoron? | Paul Gruenwald |
Aug 2023 | Policy Brief | No 668 | Fifty Shades of QE Revisited | Martin Weale, Tomasz Wieladek |
Aug 2023 | Policy Brief | No 667 | Fifty shades of QE: Robust evidence | Brian Fabo, Martina Jancokova, Elisabeth Kempf, Lubos Pastor |
Aug 2023 | Policy Brief | No 665 | The Economics of Public Policy Leaks: New Evidence from Central Banking | Michael Ehrmann, Phillipp Gnan, Kilian Rieder |
Aug 2023 | Policy Brief | No 664 | Too Low for Too Long: Could Extended Periods of Ultra-Easy Monetary Policy Have Harmful Effects? | Etibar Jafarov, Enrico Minnella |
Aug 2023 | Policy Brief | No 663 | The drivers of market-based inflation expectations in the euro area and in the US | Christian Höynck and Luca Rossi |
Aug 2023 | Policy Brief | No 662 | Adoption, Fragility and Regulation of Stablecoins | Christoph Bertsch |
Aug 2023 | Policy Brief | No 661 | Forecasting banknote circulation during the COVID-19 pandemic using structural time series models | Nikolaus Bartzsch, Marco Brandi, Lucas Devigne, Raymond de Pastor, Gianluca Maddaloni, Diana Posada Restrepo, Gabriele Sene |
Aug 2023 | Policy Brief | No 660 | Central clearing in turbulent times: frontiers in regulation and oversight | Fabio Panetta |
Aug 2023 | Policy Note | No 318 | The Quest for Deposit Stability | Fernando Restoy |
Aug 2023 | Policy Note | No 317 | The European Commission Proposals for Reform of the Stability and Growth Pact: On the right track but not there yet | Jakob de Haan, Fabian Amtenbrink |
Aug 2023 | Policy Brief | No 659 | Rethinking the trade specialisation concept: from products to functions | Aleksandra Kordalska, Magdalena Olczyk |
Aug 2023 | Policy Brief | No 658 | The Spillover Effects of ECB Policies in a Small Open Economy framework | Bledar Hoda |
Aug 2023 | Policy Brief | No 657 | The climate change challenge and fiscal instruments and policies in the EU | Aris Avgousti, Francesco Caprioli, Giacomo Caracciolo, Marion Cochard, Pietro Dallari, Mar Delgado-Téllez, João Domingues, Marien Ferdinandusse, Daniela Filip, Carolin Nerlich, Doris Prammer, Katja Schmidt, Anastasia Theofilakou |
Aug 2023 | Policy Note | No 316 | Peeling the onion: US bank stress not spreading to Euro area | Ravi Balakrishnan, Marco Protopapa |
Aug 2023 | Policy Brief | No 656 | Should we bother with sovereign sustainability bonds? | Daniel C. Hardy |
Aug 2023 | Policy Brief | No 655 | Building Central Bank Credibility: The Role of Forecast Performance | Michael McMahon, Ryan Rholes |
Aug 2023 | Policy Brief | No 654 | The macroeconomic effects from the energy transition will be large and diverse | Alberto Americo, Jesse Johal, Christian Upper |
Aug 2023 | Policy Brief | No 653 | Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter? | Mohamed Belkhir, Sami Ben Naceur, Bertrand Candelon, Woon Gyu Choi, Farah Mugrabi |
Aug 2023 | Policy Brief | No 652 | Rising energy prices and productivity: short-run pain, long-term gain? | Christophe André, Hélia Costa, Lilas Demmou, Guido Franco |
Aug 2023 | Policy Brief | No 651 | Identifying money and inflation expectation shocks on real oil prices | Szilard Benk, Max Gillman |
Aug 2023 | Policy Brief | No 650 | Leading indicators of financial stress: a regime switching approach | Tihana Škrinjarić |
Aug 2023 | Policy Brief | No 649 | Do non-banks need access to the lender-of-last-resort? Evidence from fund runs | Johannes Breckenfelder, Marie Hoerova |
Aug 2023 | Policy Brief | No 648 | European bank performance – as good as it gets, despite recent wobbles? | Jan Schildbach |
Aug 2023 | Policy Brief | No 647 | Technology to combat climate change: where is investment flowing? | Giulio Cornelli, Jon Frost, Leonardo Gambacorta, Ouarda Merrouche |
Jul 2023 | Policy Brief | No 646 | CBDC and business cycle dynamics in a New Monetarist New Keynesian model | Katrin Assenmacher, Lea Bitter, Annukka Ristiniemi |
Jul 2023 | Policy Brief | No 645 | How to measure inflation volatility. A Note. | Alfredo Garcia-Hiernaux, Maria T. Gonzalez-Perez, David E. Guerrero |
Jul 2023 | Policy Brief | No 644 | Resource Misallocation and TFP Gap Development in Austria | Richard Sellner, Nico Pintar, Norbert Ernst |
Jul 2023 | Policy Brief | No 643 | Consumer Savings Behaviour at Low and Negative Interest Rates | Marco Felici, Geoff Kenny, Roberta Friz |
Jul 2023 | Policy Brief | No 642 | House price expectations and inflation expectations: Evidence from survey data | Vedanta Dhamija, Ricardo Nunes, Roshni Tara |
Jul 2023 | Policy Brief | No 641 | Exploring the informational role of inflated credit ratings | Anna Bayona, Oana Peia, Razvan Vlahu |
Jul 2023 | Policy Brief | No 640 | Solving the enforcement dilemma of the EU fiscal rules | Paul Dermine, Martin Larch |
Jul 2023 | Policy Brief | No 639 | Money growth and consumer price inflation in the euro area | Martin Mandler, Michael Scharnagl |
Jul 2023 | Policy Brief | No 638 | Dirty home, clean abroad: Implications of the “carbon home bias” | Martijn Boermans, Rients Galema |
Jul 2023 | Policy Brief | No 637 | How the central bank collateral framework shapes the outcomes of liquidity stress test models | Angelo Cuzzola, Claudio Barbieri, Ulrich Bindseil |
Jul 2023 | Policy Brief | No 636 | A proposal for the European Green Transition via Significant Risk Transfer Securitisations | Fernando Gonzalez, Giuliano Giovannetti |
Jul 2023 | Policy Brief | No 635 | No time to slack: nowcasting employment in the euro area | Marta Bańbura, Irina Belousova, Katalin Bodnár, Máté Barnabás Tóth |
Jul 2023 | Policy Note | No 315 | Privatization Effects on Central and Eastern European Enterprises: An Empirical Framework from a Bibliometric Analysis | Margerita Topalli, Silvester Ivanaj |
Jul 2023 | Policy Note | No 314 | Has monetary policy changed for good? A retrospective on recent history and implications going forward | Stefano Neri |
Jul 2023 | Policy Brief | No 634 | 2020s vs 1970s: echoes, not a replay | Monica Defend, Vincent Mortier |
Jul 2023 | Policy Brief | No 633 | Gauging the macroeconomic effects of higher carbon prices | Günter Coenen, Matija Lozej, Romanos Priftis |
Jul 2023 | Policy Brief | No 632 | When Do Credit Booms Become Troublesome? | Eddie Gerba, Danilo Leiva-León, Johannes Poeschl |
Jul 2023 | Policy Brief | No 631 | Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from Slovenia | Filippo Arigoni, Miha Breznikar, Črt Lenarčič, Matjaž Maletič |
Jul 2023 | Policy Brief | No 630 | Identifying financial fragmentation in the euro area | Jan Kakes, Jan Willem van den End |
Jul 2023 | Policy Brief | No 629 | Macroprudential policy is a key defense line against global financial shocks | Katharina Bergant, Francesco Grigoli, Niels-Jakob Hansen, Damiano Sandri |
Jul 2023 | Policy Brief | No 628 | Large shock, small adjustment – Evidence from the 2021 energy crisis | Matteo Alpino, Luca Citino, Annalisa Frigo |
Jul 2023 | Policy Brief | No 627 | Thirty Years Of The EU Single Market: Why Cross-Border Capital Flows Remain Sluggish, Despite Positive Developments | Sylvain Broyer, Aude Guez |
Jul 2023 | Policy Brief | No 626 | Macroprudential policy in the high inflation environment: Sailing uncharted waters | Carsten Detken, Ján Klacso, Reiner Martin |
Jun 2023 | Policy Brief | No 625 | Who holds sovereign debt and why it matters | Xiang Fang, Bryan Hardy, Karen K Lewis |
Jun 2023 | Policy Brief | No 624 | CCP initial margin models: A peek under the hood | Ismael Alexander Boudiaf, Martin Scheicher, Francesco Vacirca |
Jun 2023 | Policy Brief | No 623 | Are firms credit constrained? Answers from a Swedish credit registry | Niklas Amberg, Tor Jacobson, Vincenzo Quadrini, Anna Rogantini Picco |
Jun 2023 | Policy Brief | No 622 | Practical Offline Payments Using One-Time Passcodes | Priscilla Huang, Emmanuel Benoist, Christian Grothoff, Sebastian Javier Marchano |
Jun 2023 | Policy Brief | No 621 | Interdependence between assets and liabilities in the banking system: changes in the last two decades | Valentina Michelangeli, Fabio Massimo Piersanti |
Jun 2023 | Policy Brief | No 620 | Insights into Credit Loss Rates: A Global Database | Li Lian Ong, Christian Schmieder, Min Wei |
Jun 2023 | Policy Brief | No 619 | Does Green Transition promote Green Innovation and Technological Acquisitions? | Udichibarna Bose, Wildmer Daniel Gregori, Maria Martinez Cillero |
Jun 2023 | Policy Brief | No 618 | Misallocation and Productivity Growth: a Meta-analysis | Maurice Bun, Theoplasti Kolaiti, Tolga Özden |
Jun 2023 | Policy Brief | No 617 | On the effectiveness of dividend restrictions as supervisory policy tool | Ernest Dautović, Leonardo Gambacorta, Alessio Reghezza |
Jun 2023 | Policy Brief | No 616 | News or Animal Spirits? Consumer Confidence and Economic Activity: Redux | Sangyup Choi, Jaehun Jeong, Dohyeon Park, Donghoon Yoo |
Jun 2023 | Policy Brief | No 615 | Should inequality factor into central banks’ decisions? | Niels-Jakob H. Hansen, Alessandro Lin, Rui C. Mano |
Jun 2023 | Policy Brief | No 614 | After the crypto-winter, the spring of crypto-assets regulation and supervision | Denis Beau |
Jun 2023 | Policy Brief | No 613 | A common tool for a greener future: The case for an EU Climate and Energy Security Fund | Laurent Abraham, Marguerite O’Connell, Iñigo Arruga Oleaga |
Jun 2023 | Policy Brief | No 612 | Digital Euro: An assessment of the first two progress reports | Dirk Niepelt |
Jun 2023 | Policy Brief | No 611 | Sovereign exposures of European banks - revisited | Heike Mai |
Jun 2023 | Policy Brief | No 610 | Climate change risks and the energy and emission allowances market – An analysis based on EMIR data | Merel Vrolijk, Ellen van der Woerd, Elisabeth de Vogel |
Jun 2023 | Policy Brief | No 609 | The effects of negative interest rates on bank market power: implications for euro area banks’ lending channel and stability | Yener Altunbas, Giuseppe Avignone, Christoffer Kok, Cosimo Pancaro |
Jun 2023 | Policy Brief | No 608 | Is the EU Money Market Fund Regulation fit for purpose? Lessons from the COVID-19 turmoil | Laura-Dona Capotă, Michael Grill, Luis Molestina Vivar, Niklas Schmitz, Christian Weistroffer |
Jun 2023 | Policy Brief | No 607 | The use of surveys for monetary and economic policy | Luigi Federico Signorini |
Jun 2023 | Policy Brief | No 606 | Does it matter where and how governments spend? | Ernil Sabaj, Rashid Sbia, Haytem Troug |
Jun 2023 | Policy Brief | No 605 | BigTech Credit and Monetary Policy Transmission | Yiping Huang, Xiang Li, Han Qiu, Changhua Yu |
Jun 2023 | Policy Brief | No 604 | Back to the future: gold in international reserves as a new stabilizer (again!) of exchange rate systems | Aleksandr V. Gevorkyan, Tarron Khemraj |
Jun 2023 | Policy Brief | No 603 | Alexandre Lamfalussy and the origins of instability in capitalist economies | Ivo Maes |
Jun 2023 | Policy Note | No 313 | Monetary and financial stability – can they be separated? | Isabel Schnabel |
Jun 2023 | Policy Note | No 312 | Empowering central bank money for a digital future | Martin Diehl, Constantin Drott |
Jun 2023 | Policy Brief | No 602 | Assessing the “Tragedy of the Horizons”: Conceptual underpinnings of the NGFS scenarios and suggestions for improvement | Irene Monasterolo, María J. Nieto, Edo Schets |
Jun 2023 | Policy Brief | No 601 | What are the short-to-medium-term effects of extreme weather on the Croatian economy? | Tihana Škrinjarić |
Jun 2023 | Policy Brief | No 600 | Navigating the Tightrope: Balancing Financial Stability and Inflation in the Age of Persistent Financial Cycles and Crises | Thore Kockerols, Erling Motzfeldt Kravik, Yasin Mimir |
Jun 2023 | Policy Brief | No 599 | Measuring the Temporal Dimension of Text: An Application to Policymaker Speeches | David Byrne, Robert Goodhead, Michael McMahon, Conor Parle |
May 2023 | Policy Brief | No 598 | Do hawks sit on stronger branches? Central banks’ equity and policy reactions | Marcel Barmeier, André Casalis |
May 2023 | Policy Brief | No 597 | Boosting the Green Transition: Greenhouse gas emissions and bank lending | Koji Takahashi, Junnosuke Shino |
May 2023 | Policy Brief | No 596 | Reforming the Monetary System for the Digital Age | Burkhard Drees, Sunil Sharma |
May 2023 | Policy Brief | No 595 | Don’t blame the government!? An assessment of debt forecast errors with a view to the Economic Governance Review | Alena Bachleitner, Doris Prammer |
May 2023 | Policy Brief | No 594 | Lessons from forecast averaging residential investment | Carlos Cañizares Martínez, Gabe de Bondt, Arne Gieseck |
May 2023 | Policy Note | No 311 | Getting up from the floor | Claudio Borio |
May 2023 | Policy Brief | No 593 | How often and how much do food prices change during periods of high inflation – an analysis of online prices in Austria | Christian Beer, Robert Ferstl, Bernhard Graf, Fabio Rumler |
May 2023 | Policy Brief | No 592 | Debt-for-nature swaps: a two-fold solution for environmental and debt sustainability in developing countries? | Quentin Paul, Romain Svartzman, Pierre-François Weber |
May 2023 | Policy Brief | No 591 | What to expect after “effortless” debt reduction in the euro area? | Matthias Reith |
May 2023 | Policy Brief | No 590 | Is digitalisation the gamechanger it promised to be for firms’ productivity growth? | Robert Anderton, Vasco Botelho, Paul Reimers |
May 2023 | Policy Brief | No 589 | The environmental goods and services sector is the keystone of net zero: Let’s subsidize it! | Eric Jondeau, Grégory Levieuge, Jean-Guillaume Sahuc, Gauthier Vermandel |
May 2023 | Policy Brief | No 588 | The digital euro: a precautionary device, not a deus-ex-machina | Ignazio Angeloni |
May 2023 | Policy Brief | No 587 | CBDC Policies in Open Economies | Michael Kumhof, Marco Pinchetti, Phurichai Rungcharoenkitkul, Andrej Sokol |
May 2023 | Policy Brief | No 586 | The Big Problem of Small Syndicates | Mingze Gao, Iftekhar Hasan, Buhui Qiu, Eliza Wu |
May 2023 | Policy Brief | No 585 | Does IFRS 9 increase banks’ resilience? | Arndt Kund, Daniel Rugilo |
May 2023 | Policy Brief | No 584 | Euro Area inflation differentials: the role of fiscal policies revisited | Cristina Checherita-Westphal, Nadine Leiner-Killinger, Teresa Schildmann |
May 2023 | Policy Brief | No 583 | Commodity prices and the US dollar | Daniel Rees |
May 2023 | Policy Brief | No 582 | Critical metals for the low-carbon transition: macro-financial issues | Stéphane Dees, Simon Dikau, Hugh Miller, Romain Svartzman |
May 2023 | Policy Brief | No 581 | On the Macroeconomic Effects of Reinvestments in Asset Purchase Programmes | Rafael Gerke, Daniel Kienzler, Alexander Scheer |
May 2023 | Policy Brief | No 580 | Can machine learning help forecasting fiscal crises in emerging and developing countries? | Raffaele De Marchi, Alessandro Moro |
May 2023 | Policy Brief | No 579 | Do unrealised bank losses affect loan pricing? | Matjaž Volk |
May 2023 | Policy Brief | No 578 | The effectiveness of green collateral policy as an instrument of climate policy | Francesco Giovanardi, Matthias Kaldorf, Lucas Radke, Florian Wicknig |
May 2023 | Policy Note | No 310 | Monetary and fiscal policies as anchors of trust and stability | Agustín Carstens |
Apr 2023 | Policy Brief | No 577 | Will a Green Transition lead to Greenflation? | Conny Olovsson, David Vestin |
Apr 2023 | Policy Brief | No 576 | Monetary policy and the drifting natural rate of interest | Sandra Daudignon, Oreste Tristani |
Apr 2023 | Policy Brief | No 575 | Labour market differences and monetary policy in the euro area | Sandra Gomes, Pascal Jacquinot, Matija Lozej |
Apr 2023 | Policy Brief | No 574 | The effect of extreme temperatures on the US economy and on the conduct of monetary policy | Filippo Natoli |
Apr 2023 | Policy Brief | No 573 | Moving apart – the financial sectors in UK and EU post-Brexit | Thorsten Beck, Christy Ann Petit |
Apr 2023 | Policy Brief | No 572 | House prices and ultra-low interest rates: Exploring the non-linear nexus | Daniel Dieckelmann, Hannah S. Hempell, Barbara Jarmulska, Jan Hannes Lang, Marek Rusnák |
Apr 2023 | Policy Brief | No 571 | Has the euro changeover really caused extra inflation in Croatia? | Matteo Falagiarda, Christine Gartner, Ivan Mužić, Andreja Pufnik |
Apr 2023 | Policy Brief | No 570 | Learning with uncertain inflation target | Stefano Marzioni, Guido Traficante |
Apr 2023 | Policy Brief | No 569 | Window dressing of Regulatory Metrics: Evidence from Repo Markets | Claudio Bassi, Markus Behn, Michael Grill, Martin Waibel |
Apr 2023 | Policy Brief | No 568 | Exploring labour market tightness and its implications: a case study for Slovenia | Mojca Lindič |
Apr 2023 | Policy Brief | No 567 | Catching the green-tech train: technology and climate change mitigation | Claire Alestra, Gilbert Cette, Valérie Chouard, Rémy Lecat |
Apr 2023 | Policy Brief | No 566 | Dump the Hump: How Education Impacts Consumption Smoothing and Macroeconomic Outcomes | Svend E. Hougaard Jensen, Sigurdur P. Olafsson, Thorsteinn S. Sveinsson, Gylfi Zoega |
Apr 2023 | Policy Note | No 309 | The Digital Euro (CBDC) as a Monetary Anchor of the Financial System | Peter Bofinger, Thomas Haas |
Apr 2023 | Policy Brief | No 565 | Monetary Policy in the Presence of Supply Constraints | Almut Balleer, Marvin Noeller |
Apr 2023 | Policy Brief | No 564 | The Stability and Growth Pact three decades later | Juhana Hukkinen, Matti Viren |
Apr 2023 | Policy Brief | No 563 | Regulators as Risk Managers: Macroprudential Policy through a Risk Management Lens | Daniel Dimitrov, Sweder van Wijnbergen |
Apr 2023 | Policy Note | No 308 | Supply matters | Andrew Bailey |
Apr 2023 | Policy Note | No 307 | Back to normal? Balance sheet size and interest rate control | Isabel Schnabel |
Apr 2023 | Policy Brief | No 562 | Loose Monetary Policy and Financial Instability | Maximilian Grimm, Òscar Jordà, Moritz Schularick, Alan M. Taylor |
Apr 2023 | Policy Brief | No 561 | Leaning against the Global Financial Cycle | Andrea Ferrero, Maurizio Michael Habib, Livio Stracca, Fabrizio Venditti |
Apr 2023 | Policy Brief | No 560 | Evaluating the macroprudential stance in a growth-at-risk framework | Dominic Cucic, Ianna Georgieva Yordanova, Niels Framroze Møller, Simon Gade Søndergaard |
Apr 2023 | Policy Brief | No 559 | Will the Green Transition Be Inflationary? Expectations Matter | Alessandro Ferrari, Valerio Nispi Landi |
Mar 2023 | Policy Note | No 306 | Why there is no need to stray from the original ideas behind the Bank Recovery and Resolution Directive | Jesper Berg, Steffen Ulrik Lind |
Mar 2023 | Policy Brief | No 558 | Unraveling the Structure of Nested Decentralized Finance (DeFi) Protocols | Stefan Kitzler, Friedhelm Victor, Pietro Saggese, Bernhard Haslhofer |
Mar 2023 | Policy Brief | No 557 | A friend in need is a friend indeed? Nonbanks and lending relationships during crises | Iñaki Aldasoro, Sebastian Doerr, Haonan Zhou |
Mar 2023 | Policy Brief | No 556 | How prevalent are investment funds in cross-border investment? | Pınar Yeşin |
Mar 2023 | Policy Brief | No 555 | Technology and Asset Liquidations: Evidence from Real Estate Collateral | Francesco Mazzola |
Mar 2023 | Policy Brief | No 554 | The impact of the war in Ukraine on energy prices: consequences for firms’ financial performance | Fabrizio Ferriani, Andrea Gazzani |
Mar 2023 | Policy Brief | No 553 | Machine Learning Methods in Climate Finance: a Systematic Review | Andrés Alonso-Robisco, José Manuel Carbó, José Manuel Marqués |
Mar 2023 | Policy Note | No 305 | Climate stress tests: Are banks fit for the green transition? | Ursula Walther |
Mar 2023 | Policy Brief | No 552 | The euro interest rate swap market: Recent trends in trading activity and liquidity | Federico Babbi, Immo Frieden, Martin Scheicher |
Mar 2023 | Policy Brief | No 551 | Who funds zombie firms: banks or non-banks? | Saara Tuuli |
Mar 2023 | Policy Brief | No 550 | Lower for longer under Endogenous Technology Growth | Michaela Elfsbacka Schmöller, Martin Spitzer |
Mar 2023 | Policy Brief | No 549 | CCPs United: the hidden dangers of shared clearing membership | Luitgard A. M. Veraart, Iñaki Aldasoro |
Mar 2023 | Policy Brief | No 548 | The Euro Area Great Inflation Surge | Guido Ascari, Paolo Bonomolo, Marco Hoeberichts, Riccardo Trezzi |
Mar 2023 | Policy Brief | No 547 | Conditional density forecasting: a tempered importance sampling approach | Carlos Montes-Galdón, Joan Paredes, Elias Wolf |
Mar 2023 | Policy Brief | No 546 | Bank lending to small firms: metamorphosis of a financing model | Paolo Finaldi Russo, Valentina Nigro, Sabrina Pastorelli |
Mar 2023 | Policy Brief | No 545 | Is the ECB Monetary Tightening Effective? The Role of Bank Funding and Asset Structure | Matjaž Volk |
Mar 2023 | Policy Brief | No 544 | Using machine learning to measure financial risk in China | Alexander Al-Haschimi, Apostolos Apostolou, Andres Azqueta-Gavaldon, Martino Ricci |
Mar 2023 | Policy Brief | No 543 | How shocks to Chinese supply chains affect US and euro area manufacturing | Makram Khalil, Marc-Daniel Weber |
Mar 2023 | Policy Brief | No 542 | Issuing bonds during the Covid-19 pandemic: is there an ESG premium? | Fabrizio Ferriani |
Mar 2023 | Policy Brief | No 541 | Climate Risks in Albania and their Relevance to the Central Bank | Margerita Topalli, Pierre Monnin |
Mar 2023 | Policy Brief | No 540 | The Determinants of Cash Holdings: The case of France | Franz Seitz, Lucas Devigne, Raymond de Pastor |
Mar 2023 | Policy Brief | No 539 | When policies get in the way of profit shifting to tax havens | Joana Garcia |
Mar 2023 | Policy Brief | No 538 | How does offshoring shape labour market imperfections? A comparative analysis of Belgian and Dutch firms | Sabien Dobbelaere, Catherine Fuss, Mark Vancauteren |
Mar 2023 | Policy Note | No 304 | Should central banks raise inflation targets? | Ernest Gnan, Robert Holzmann |
Mar 2023 | Policy Note | No 303 | Energy shocks and corporate performance, the case of Croatia | Ivan Huljak |
Mar 2023 | Policy Brief | No 537 | Navigating the housing channel of monetary policy across euro area regions | Niccolò Battistini, Matteo Falagiarda, Angelina Hackmann, Moreno Roma |
Mar 2023 | Policy Brief | No 536 | Disruptions in global supply chains drive inflation in the euro area | David Finck, Peter Tillmann |
Mar 2023 | Policy Brief | No 535 | The fear of job loss as a driver of households’ labour supply | Wouter Gelade, Maud Nautet, Céline Piton |
Mar 2023 | Policy Brief | No 534 | Modeling Semiconductor Export Restrictions and the US-China Trade Conflict | Michael Funke, Adrian Wende |
Feb 2023 | Policy Note | No 302 | Macroprudential policy and real estate funds | Manuel A. Muñoz, Frank Smets |
Feb 2023 | Policy Note | No 301 | Consistent economic policies: a prerequisite for macroeconomic stability | Pablo Hernández de Cos |
Feb 2023 | Policy Brief | No 533 | When food bites back: What quarterly firm-level data reveal about food inflation | André Casalis |
Feb 2023 | Policy Brief | No 532 | A New EU Economic Governance and Fiscal Framework: what role for the national independent fiscal institutions (IFIs)? | Daniel Daianu |
Feb 2023 | Policy Brief | No 531 | Austerity benefits the extremes | Ricardo Duque Gabriel, Mathias Klein, Ana Sofia Pessoa |
Feb 2023 | Policy Brief | No 530 | Deep contractions cause economic scars that never heal | David Aikman, Mathias Drehmann, Mikael Juselius, Xiaochuan Xing |
Feb 2023 | Policy Brief | No 529 | The effects of monetary policy across fiscal regimes | Roben Kloosterman, Dennis Bonam, Koen van der Veer |
Feb 2023 | Policy Brief | No 528 | Federal Reserve Speeches Meet Transformer Models | Christoph Bertsch, Isaiah Hull, Robin L. Lumsdaine, Xin Zhang |
Feb 2023 | Policy Brief | No 527 | Central Bank digital currencies in Africa: catching up | Enrique Alberola, Ilaria Mattei |
Feb 2023 | Policy Brief | No 526 | Consumption Inequality in the Digital Age | Kai Arvai, Katja Mann |
Feb 2023 | Policy Brief | No 525 | FX intervention to stabilize or manipulate the exchange rate? Inference from profitability | Damiano Sandri |
Feb 2023 | Policy Brief | No 524 | Highly Dispersed inflation rates challenge the ECB’s monetary policy strategy | Thomas Url |
Feb 2023 | Policy Brief | No 523 | Into the Universe of Unconventional Monetary Policy: State-dependence, Interaction and Complementarities | Andrejs Zlobins |
Feb 2023 | Policy Brief | No 522 | Macroprudential FX Regulations: Sacrificing Small Firms for Stability? | María Alejandra Amado |
Feb 2023 | Policy Note | No 300 | Geopolitical scenarios for 2023 and beyond | Franz Eder |
Feb 2023 | Policy Brief | No 521 | Can Machine Learning Methods Help Nowcast GDP? | Andreas Pick, Jasper de Winter |
Feb 2023 | Policy Brief | No 520 | Measuring the Optimum Currency Area properties of the euro area over its 20 years’ history | Davor Kunovac, Diego Rodriguez Palenzuela, Yiqiao Sun |
Feb 2023 | Policy Brief | No 519 | Borrower-based regulations push housing demand towards the suburbs | Rikke Rhode Nissen, Alessandro Tang-Andersen Martinello, Simon Juul Hviid, Christian Sinding Bentzen |
Feb 2023 | Policy Brief | No 518 | ECB Significant-Bank Risk Profile and COVID-19 Crisis Containment Phase: What Approach in the Transitioning Phase? | Bozena Gulija, Costanza Russo, Dalvinder Singh |
Feb 2023 | Policy Brief | No 517 | Stock Return Predictability: Comparing Macro- and Micro-Approaches | Arthur Stalla-Bourdillon |
Feb 2023 | Policy Note | No 299 | Convergence in GDP per capita in the euro area and the EU at the time of COVID-19 | Mirko Licchetta, Giovanni Mattozz |
Feb 2023 | Policy Note | No 298 | European Housing Prices: A Sticky, Gradual Decline | Sylvain Broyer, Marion Amiot, Boris S Glass, Aude Guez |
Feb 2023 | Policy Note | No 297 | Risk reduction vs risk sharing: A sticking point in the ongoing review of the EU fiscal framework? | Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Janis Malzubris |
Feb 2023 | Policy Brief | No 516 | A scientific illusion in risk management? | José María Roldán |
Feb 2023 | Policy Brief | No 515 | Green Policies and Transition Risk Propagation in Production Networks | Pablo Aguilar, Beatriz González, Samuel Hurtado |
Feb 2023 | Policy Brief | No 514 | Fund Flow Externalities Under the Microscope | Daniel Fricke, Stephan Jank, Hannes Wilke |
Jan 2023 | Policy Brief | No 513 | Gender diversity in bank boardrooms helps to combat climate change | Leonardo Gambacorta, Livia Pancotto, Alessio Reghezza, Martina Spaggiari |
Jan 2023 | Policy Brief | No 512 | Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices | Barbara Rudolf, Pascal Seiler |
Jan 2023 | Policy Brief | No 511 | Eurozone Government Bond Spreads: A Tale of Different ECB Policy Regimes | Sylvester C W Eijffinger, Mary Pieterse-Bloem |
Jan 2023 | Policy Brief | No 510 | Bank and non-bank balance sheet responses to monetary policy shocks | Fédéric Holm-Hadulla, Falk Mazelis, Sebastian Rast |
Jan 2023 | Policy Brief | No 509 | EU fiscal rules 2.0, more carrot than stick plus greenwashing? | Matthias Reith, Gunter Deuber |
Jan 2023 | Policy Brief | No 508 | Bank Competition and Bargaining over Refinancing | Marina Emiris, François Koulischer, Christophe Spaenjers |
Jan 2023 | Policy Brief | No 507 | Joint Ownership of Production Projects as a Commitment Device against Interest Groups | Nicoletta Berardi, Paul Seabright |
Jan 2023 | Policy Brief | No 506 | Is it easy to hide money in the crypto economy? The case of Russia | Armin Ahari, Johannes Duong, Jakob Hanzl, Elsa Maria Lichtenegger, Lukas Lobnik, Andreas Timel |
Jan 2023 | Policy Brief | No 505 | Adjusted regulation can improve capital buffer usability | Ianna Georgieva Yordanova |
Jan 2023 | Policy Brief | No 504 | Introduction of the composite indicator of cyclical systemic risk in Croatia: possibilities and limitations | Tihana Škrinjarić |
Jan 2023 | Policy Brief | No 503 | An international map of gender gaps | Ines Buono, Annalivia Polselli |
Jan 2023 | Policy Brief | No 502 | Latent Fragility: Conditioning Banks’ Joint Probability of Default on the Financial Cycle | Paul Bochmann, Paul Hiebert, Yves Schüler, Miguel Segoviano |
Jan 2023 | Policy Note | No 296 | Finding the right mix: monetary-fiscal interaction at times of high inflation | Isabel Schnabel |
Jan 2023 | Policy Note | No 295 | The interplay between too big to fail policies and why it matters | André Ebner, Christiane Westhoff |
Jan 2023 | Policy Brief | No 501 | Going native? How crypto technology may help regulators | Claudia Biancotti |
Jan 2023 | Policy Brief | No 500 | The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2020 and 2021 | Marco Corsi, Yvo Mudde |
Jan 2023 | Policy Brief | No 499 | Invest One -- Get Two Extra: Public Investment Crowds In Private Investment | Olegs Matvejevs, Olegs Tkacev |
Jan 2023 | Policy Brief | No 498 | Get your bearings: guidelines for newspaper based economic indicators | Erik Andres-Escayola, Corinna Ghirelli, Luis Molina, Javier Perez, Elena Vidal |
Dec 2022 | Policy Note | No 294 | A modern credit guidance regime for the green transition | Katie Kedward, Daniela Gabor, Josh Ryan-Collins |
Dec 2022 | Policy Note | No 293 | The EU macroprudential review should prioritize removing regulatory overlaps and increasing the flexibility of the CCyB | Stefan W. Schmitz, Michaela Posch, Peter Strobl |
Dec 2022 | Policy Brief | No 497 | European Small Business Finance Outlook: SMEs in between crises | Helmut Kraemer-Eis, Antonia Botsari, Salome Gvetadze, Frank Lang, Wouter Torfs |
Dec 2022 | Policy Brief | No 496 | New Frontiers in Monetary Policy Communication: Discovering Central Bank Tweeting | Donato Masciandaro, Oana Peia, Davide Romelli |
Dec 2022 | Policy Brief | No 495 | Asset Purchases and Sovereign Risk Premia in the Euro Area during the Pandemic | Robert Blotevogel, Gergely Hudecz, Elisabetta Vangelista |
Dec 2022 | Policy Brief | No 494 | Introducing Green Bank Equity to fund the low-carbon transition | Aaron Janowski |
Dec 2022 | Policy Brief | No 493 | Financial exposure and bank mergers - Micro and macro evidence from the EU | Laura Lebastard |
Dec 2022 | Policy Brief | No 492 | Euro area’s persistent current account surplus – a reason behind a decade of low interest rates? | Tobias Schuler, Yiqiao Sun |
Dec 2022 | Policy Brief | No 491 | Risk sharing and monetary policy transmission | Sebastian Hauptmeier, Fédéric Holm-Hadulla, Théodore Renault |
Dec 2022 | Policy Brief | No 490 | Systemic Bank Runs: How a Misallocation of Liquidity May Trigger a Solvency Crisis | Lukas Altermatt, Hugo van Buggenum, Lukas Voellmy |
Dec 2022 | Policy Brief | No 489 | The impact of portfolio-based green monetary policy | Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig, Carolin Nerlich |
Dec 2022 | Policy Brief | No 488 | Can we have a sudden stop for inflation? | Juhana Hukkinen, Matti Viren |
Dec 2022 | Policy Brief | No 487 | Pricing of green bonds – drivers and dynamics of the greenium | Allegra Pietsch, Dilyara Salakhova |
Dec 2022 | Policy Brief | No 486 | How do borrowers adjust in a household foreign currency debt crisis? | Győző Gyöngyösi, Judit Rariga, Emil Verner |
Dec 2022 | Policy Brief | No 485 | Dynamic Macroeconomic Implications of Immigration | Conny Olovsson, Karl Walentin, Andreas Westermark |
Dec 2022 | Policy Brief | No 484 | Monetary and macroprudential policy effectiveness and spillovers | Luc Laeven, Angela Maddaloni, Caterina Mendicino |
Dec 2022 | Policy Brief | No 483 | The Links Between Emerging Market Bond Flows, Exchange Rates and Future Financial Conditions | Peter Hördahl, Giorgio Valente |
Dec 2022 | Policy Brief | No 482 | Shipping freight rates and inflation in the Euro Area | Nektarios A. Michail, Konstantinos D. Melas, Lena T. Cleanthous |
Dec 2022 | Policy Brief | No 481 | Should central banks be involved in historical research? | Ivo Maes |
Dec 2022 | Policy Brief | No 480 | Quantitative forward guidance through interest rate projections | Boris Hofmann, Dora Xia |
Nov 2022 | Policy Brief | No 479 | Strategic behaviours and the policy response to commodity price shocks | Massimo Ferrari Minesso, Maria Sole Pagliari |
Nov 2022 | Policy Brief | No 478 | The surprisingly untapped potential of reallocation of economic activity to reduce carbon emissions | Gert Bijnens, Carine Swartenbroekx |
Nov 2022 | Policy Brief | No 477 | Foreign demand shocks to production networks: Firm responses and worker impacts | Emmanuel Dhyne, Ken Kikkawa, Toshiaki Komatsu, Magne Mogstad, Felix Tintelnot |
Nov 2022 | Policy Brief | No 476 | Finance in Africa 2022: Navigating the financial landscape in turbulent times | Colin Bermingham, Barbara Marchitto, Debora Revoltella |
Nov 2022 | Policy Brief | No 475 | Do stablecoins alter the monetary policy transmission mechanism? | Pietro Cova, Alessandro Notarpietro, Patrizio Pagano, Massimiliano Pisani |
Nov 2022 | Policy Brief | No 474 | Cost efficiency in the euro area banking sector and the negative interest rate environment | Giuseppe Avignone, Claudia Girardone, Cosimo Pancaro, Livia Pancotto, Alessio Reghezza |
Nov 2022 | Policy Brief | No 473 | The Impact of Natural Disasters on Banks’ Impairment Flow – Evidence from Germany | Iliriana Shala, Benno Schumacher |
Nov 2022 | Policy Brief | No 472 | (R-)Star gazing: Macro drivers suggest real neutral rate may have risen | Matthew Luzzetti, Brett Ryan, Justin Weidner, Amy Yang |
Nov 2022 | Policy Brief | No 471 | Environmental and Social Preferences and Investments in Crypto-Assets | Pavel Ciaian, Andrej Cupak, Pirmin Fessler, d’Artis Kancs |
Nov 2022 | Policy Brief | No 470 | What micro price data teach us about the inflation process: web-scraping in PRISMA | Chiara Osbat |
Nov 2022 | Policy Brief | No 469 | The safe asset potential of EU-issued bonds | Tilman Bletzinger, William Greif, Bernd Schwaab |
Nov 2022 | Policy Brief | No 468 | The reform of the EU fiscal framework: an enhanced surveillance role for independent fiscal councils? | Christos Chrysanthakopoulos, Athanasios Tagkalakis |
Nov 2022 | Policy Brief | No 467 | A tale of three crises: synergies between ECB tasks | Karin Hobelsberger, Christoffer Kok, Francesco Paolo Mongelli |
Nov 2022 | Policy Brief | No 466 | Price-at-risk: systemic risk from price-impact induced contagion | Gábor Fukker, Michiel Kaijser, Luca Mingarelli, Matthias Sydow |
Nov 2022 | Policy Brief | No 465 | Did COVID-19 induce a reallocation wave? | Agostino Consolo, Filippos Petroulakis |
Nov 2022 | Policy Brief | No 464 | Less Bank Failures Before Presidential Elections in Russia | Zuzana Fungáčová, Alexei Karas, Laura Solanko, Laurent Weill |
Nov 2022 | Policy Brief | No 463 | Country Characteristics and Institutions as Significant Factor in Global Value Chain Integration | Mojca Lindič |
Nov 2022 | Policy Brief | No 462 | Disclosure of climate change risks in credit ratings | Miriam Breitenstein, Stefania Ciummo, Florian Walch |
Nov 2022 | Policy Brief | No 461 | Dual interest rates and the transmission of monetary policy | Francesca Barbiero, Lorenzo Burlon, Maria Dimou, Jan Toczynski |
Nov 2022 | Policy Note | No 292 | The complex task of reforming the EU’s electricity market - Intervention options proposed by the European Commission | Cristian Stet, Pablo Ruiz, Susan Hansen |
Nov 2022 | Policy Brief | No 460 | Demystifying wholesale central bank digital currency | Fabio Panetta |
Nov 2022 | Policy Brief | No 459 | Central Bank Communication with the General Public: Challenging, Yet Worthwhile | Alan S. Blinder, Michael Ehrmann, Jakob de Haan, David-Jan Jansen |
Nov 2022 | Policy Brief | No 458 | Immigrants and the distribution of income and wealth in the euro area | Maarten Dossche, Aleksandra Kolndrekaj, Maximilian Propst, Javier Ramos Perez, Jiri Slacalek |
Nov 2022 | Policy Brief | No 457 | The Certification Role of the EU-Wide Stress Testing Exercises in the Stock Market. What Can We Learn from the Stress Tests (2014-2021)? | Agha Durrani, Steven Ongena, Aurea Ponte Marques |
Oct 2022 | Policy Brief | No 456 | Digital players vs. traditional banks: Fierce competition, higher concentration or a trend towards platformization? | Laurent Clerc, Timothée Dufour, Pierre Harguindeguy, Stefano Ungaro |
Oct 2022 | Policy Brief | No 455 | Forecasting and Understanding US Inflation with Artificial Intelligence | Philippe Goulet Coulombe |
Oct 2022 | Policy Brief | No 454 | Augmented credit-to-GDP gap as a more reliable indicator for macroprudential policy decision-making | Tihana Škrinjarić |
Oct 2022 | Policy Brief | No 453 | Under-researched areas of CBDC | Shalva Mkhatrishvili, Wim Boonstra |
Oct 2022 | Policy Brief | No 452 | Are governments inflating their economic forecasts ahead of elections? | Davide Cipullo, André Reslow |
Oct 2022 | Policy Brief | No 451 | Towards the holy grail of cross-border payments; the interlinking solution | Ulrich Bindseil, George Pantelopoulos |
Oct 2022 | Policy Brief | No 450 | Are Liability Driven Investors (LDIs) a liability for policymakers? | Giacomo Carboni, Martin Ellison |
Oct 2022 | Policy Brief | No 449 | Natural Language Processing and Financial Markets: Semi-supervised Modelling of Coronavirus and Economic News | Carlos Moreno Pérez, Marco Minozzo |
Oct 2022 | Policy Brief | No 448 | Inequality and the real economy | Sebastian Doerr, Thomas Drechsel, Donggyu Lee |
Oct 2022 | Policy Brief | No 447 | Does the European Central Bank speak differently when in parliament? A comparative textual analysis of the European Central Bank’s speeches in the European Parliament and in press conferences | Nicolò Fraccaroli, Alessandro Giovannini, Jean-François Jamet, Eric Persson |
Oct 2022 | Policy Brief | No 446 | Forecasting digital technologies diffusion: A question of method | Charles Hoffreumon, Vincent Labhard |
Oct 2022 | Policy Brief | No 445 | Fiscal deficits and inflation risks: the role of fiscal and monetary policy regimes | Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli |
Oct 2022 | Policy Brief | No 444 | How do central bank lending operations interact with equity offering announcements? | Massimo Giuliodori, Jan Kakes, Dimitris Mokas |
Oct 2022 | Policy Brief | No 443 | Transition Versus Physical Climate Risk Pricing in European Financial Markets: A Text-Based Approach | Giovanna Bua, Daniel Kapp, Federico Ramella, Lavinia Rognone |
Oct 2022 | Policy Brief | No 442 | New insights into inequality and wealth in the euro area | Janina Engel, Pau Gayà Riera, Joseph Grilli, Pierre Sola |
Oct 2022 | Policy Brief | No 441 | The digital revolution in banking: The old, the new and the ugly | José María Roldán |
Oct 2022 | Policy Brief | No 440 | Forced migration and food crises | Federico Carril-Caccia, Jordi Paniagua, Marta Suárez-Varela |
Oct 2022 | Policy Brief | No 439 | The potential of central bank digital currencies for cross-border payments | Anneke Kosse, Ilaria Mattei |
Oct 2022 | Policy Note | No 291 | Monetary policy and inflation: recent developments | Ignazio Visco |
Oct 2022 | Policy Brief | No 438 | Instinctive and reflective trust in the European Central Bank | Siria Angino, Stefania Secola |
Oct 2022 | Policy Brief | No 437 | Is a global factor driving bond yields lately? | Mattia Girotti, Guillaume Horny, Adrian Penalver, Anna Petronevich |
Oct 2022 | Policy Brief | No 436 | The double materiality of climate physical and transition risks in the euro area | Regis Gourdel, Irene Monasterolo, Nepo Dunz, Andrea Mazzocchetti, Laura Parisi |
Oct 2022 | Policy Brief | No 435 | Using household-level data to guide borrower-based macro-prudential policy | Gastón Andrés Giordana, Michael Heinrich Ziegelmeyer |
Oct 2022 | Policy Brief | No 434 | Growth Expectations and the Dynamics of Entry | Enisse Kharroubi |
Oct 2022 | Policy Brief | No 433 | From macro to micro: large exporters more responsive to common shocks | Jean-Charles Bricongne, Juan Carluccio, Lionel Fontagné, Guillaume Gaulier, Sebastian Stumpner |
Sep 2022 | Policy Note | No 290 | Seven Trends That Will Shape European Power Purchase Agreements’ Path To Growth | Cristian Stet |
Sep 2022 | Policy Brief | No 432 | Objectified Housing Sales and Rent Prices in Representative Household Surveys: the Impact on Macroeconomic Statistics | M. Denisa Naidin, Sofie R. Waltl, Michael H. Ziegelmeyer |
Sep 2022 | Policy Brief | No 431 | Consumer Inflation Expectations and Regional Price Changes | Tomasz Łyziak, Michael Pedersen, Ewa Stanisławska |
Sep 2022 | Policy Brief | No 430 | Central bank capital | Paul Wessels, Dirk Broeders |
Sep 2022 | Policy Brief | No 429 | Liquidity Coverage Ratios and Monetary Policy Credit in the time of Corona | Viktoriya Gocheva, Yvo Mudde, Jens Tapking |
Sep 2022 | Policy Brief | No 428 | Natural Gas – An Unexpected Macro and Market Driver | Samantha Azzarello, Gabrielle Jabre |
Sep 2022 | Policy Brief | No 427 | Integrating the carbon footprint into the construction of corporate bond portfolios | Mario Bajo, Emilio Rodríguez |
Sep 2022 | Policy Brief | No 426 | Privacy and Central Bank Digital Currency in the Digital Economy | Toni Ahnert, Peter Hoffmann, Cyril Monnet |
Sep 2022 | Policy Brief | No 425 | What Moves Markets? | Mark Kerssenfischer, Maik Schmeling |
Sep 2022 | Policy Brief | No 424 | Information Transmission between Banks and the Market for Corporate Control | Christian Bittner, Falko Fecht, Melissa Pala, Farzad Saidi |
Sep 2022 | Policy Note | No 289 | Monetary policy in the euro area: the next phase | Philip R. Lane |
Sep 2022 | Policy Brief | No 423 | Country biases in equity portfolios are less pronounced and less irrational than one might think | Martijn Boermans, Ian Cooper, Piet Sercu, Rosanne Vanpée |
Sep 2022 | Policy Brief | No 422 | Job polarisation decreases the access to credit in Europe | Michele Cantarella, Ilja Kristian Kavonius |
Sep 2022 | Policy Brief | No 421 | Nothing spreads like technology: Digitalisation and its Interaction with Institutions and Governance | Claudio Baccianti, Vincent Labhard, Jonne Lehtimäki |
Sep 2022 | Policy Brief | No 420 | Smart or Smash? The Effect of Financial Sanctions on Trade in Goods and Services | Tibor Besedeš, Stefan Goldbach, Volker Nitsch |
Sep 2022 | Policy Brief | No 419 | Was globalization just a little thing in the process of inflation? | Juhana Hukkinen, Matti Viren |
Sep 2022 | Policy Brief | No 418 | The Kiel Trade Indicator – A real-time indicator for trade flows | Wolfgang Lechthaler, Vincent Stamer |
Sep 2022 | Policy Note | No 288 | Product level greenhouse gas contents – how to get there? | Ulf von Kalckreuth |
Sep 2022 | Policy Brief | No 417 | Friendshoring: Who will benefit? | Michael Every, Erik-Jan van Harn |
Sep 2022 | Policy Brief | No 416 | The rise of cross-border financial centres | Pamela Pogliani, Philip Wooldridge |
Sep 2022 | Policy Brief | No 415 | How much foreign currency must a central bank buy to implement a minimum exchange rate? Estimation using the Swiss National Bank as an example | Markus Hertrich |
Sep 2022 | Policy Brief | No 414 | The effects of Monetary Policy on Capital Flows: A Meta-Analysis | Mauricio Villamizar-Villegas, Lucía Arango-Lozano, Geraldine Castelblanco-Arias, Nicolás Fajardo-Baquero, María A. Ruiz-Sánchez |
Sep 2022 | Policy Brief | No 413 | The EU gas savings plan ahead of a long winter | Marco Protopapa |
Sep 2022 | Policy Note | No 287 | Monetary policy and the Great Volatility | Isabel Schnabel |
Sep 2022 | Policy Brief | No 412 | Natural Gas in Europe: The Potential Impact of Disruptions to Supply | Gabriel Di Bella, Mark Flanagan, Karim Foda, Andrea Pescatori, Alex Pienkowski, Martin Stuermer, Frederik Toscani |
Sep 2022 | Policy Brief | No 411 | Subjective Expectations and Uncertainty | Andrzej Kocięcki, Tomasz Łyziak, Ewa Stanisławska |
Sep 2022 | Policy Brief | No 410 | Should we trust the credit decisions provided by machine learning models? | Andrés Alonso, José Manuel Carbó |
Sep 2022 | Policy Brief | No 409 | A model of system-wide stress simulation: market-based finance and the COVID-19 event | Giovanni di Iasio, Giulio Nicoletti, Nicholas Vause |
Sep 2022 | Policy Brief | No 408 | What can CBDC designers learn from asking potential users? Results from a survey of Austrian residents | Svetlana Abramova, Rainer Böhme, Helmut Elsinger, Helmut Stix, Martin Summer |
Sep 2022 | Policy Brief | No 407 | Household inflation expectations react to high euro area inflation | Gabriele Galati, Richhild Moessner, Maarten van Rooij |
Aug 2022 | Policy Note | No 286 | The optimal quantity of CBDC in the euro area | Lorenzo Burlon, Carlos Montes-Galdón, Manuel A. Muñoz, Frank Smets |
Aug 2022 | Policy Note | No 285 | From SEPA to the digital euro: payments past, present and future | Johannes Asel, Simone Mingione, Petia Niederlaender, Georg Nitsche |
Aug 2022 | Policy Brief | No 406 | Sustainable finance data for central banks: a new Irving Fisher Committee survey | Merve Artman, Pierre Bui Quang, Nadia Esham, Nur Izzati, Leah Kling, David Nefzi, Romana Peronaci, Christine Schlitzer, Christian Schmieder, Ömer Kayhan Seyhun, Bruno Tissot, Elena Triebskorn, Huiming Yang |
Aug 2022 | Policy Brief | No 405 | Forgetting Approaches to Improve Forecasting: Executive Summary | Robert Hill, Paulo Rodrigues |
Aug 2022 | Policy Brief | No 404 | Entity-based vs activity-based regulation: a framework and applications to traditional financial firms and big techs | Claudio Borio, Stijn Claessens, Nikola Tarashev |
Aug 2022 | Policy Brief | No 403 | What Can We Learn from 60 Years of PCE Inflation Data? | Raphael Schoenle, Dominic Smith |
Aug 2022 | Policy Brief | No 402 | To Announce or Not To Announce: Basic Trade-offs in Public Debt Management | Alexander Dentler, Enzo Rossi |
Aug 2022 | Policy Brief | No 401 | Allocation is key? Analysis of ECB public sector bond purchases’ divergence from the capital key | Carlo Birkholz, Friedrich Heinemann |
Aug 2022 | Policy Brief | No 400 | Regulatory complexity, uncertainty, and systemic risk | Maurizio Trapanese |
Aug 2022 | Policy Brief | No 399 | The effects of internationally coordinated carbon pricing on the economy and welfare | Anne Ernst, Natascha Hinterlang, Alexander Mahle, Nikolai Stähler |
Aug 2022 | Policy Brief | No 398 | Central Banking and Climate Change Policies: It is not Always a Positive Sum Game | Donato Masciandaro, Riccardo Russo |
Aug 2022 | Policy Note | No 284 | The design of a data governance system | Siddharth Tiwari, Sharad Sharma, Siddharth Shetty, Frank Packer |
Aug 2022 | Policy Brief | No 397 | Unbalanced macroeconomic risks over the business cycle | Martin Iseringhausen, Ivan Petrella, Konstantinos Theodoridis |
Aug 2022 | Policy Brief | No 396 | The pass-through from inflation perceptions to inflation expectations | Stefanie J. Huber, Daria Minina, Tobias Schmidt |
Aug 2022 | Policy Brief | No 395 | Liquidity in bond markets - navigating in troubled waters | Martin Scheicher, Andreas Schrimpf |
Aug 2022 | Policy Brief | No 394 | Flexibility in Asset Purchases: A Structural Analysis | James Costain, Galo Nuño, Carlos Thomas |
Aug 2022 | Policy Brief | No 393 | Stagflation in the 1970s: lessons for the current situation | Almira Enders, Sebastian Giesen, Dominic Quint |
Aug 2022 | Policy Brief | No 392 | Consumption-led expansions lead to lower growth | Matti Viren |
Aug 2022 | Policy Brief | No 391 | Why is Swiss inflation low? | GianLuigi Mandruzzato |
Aug 2022 | Policy Brief | No 390 | Dissent in the ECB’s Governing Council Increases Households’ Inflation Uncertainty | Moritz Grebe, Peter Tillmann |
Aug 2022 | Policy Brief | No 389 | Digital Endowments and Comparative Advantage | Dario Guarascio, Roman Stöllinger |
Aug 2022 | Policy Brief | No 388 | Technology Standardization matters for Competition and Growth | Antonin Bergeaud, Julia Schmidt, Riccardo Zago |
Jul 2022 | Policy Brief | No 387 | Climate Change-Related Regulatory Risks and Bank Lending | Isabella Mueller, Eleonora Sfrappini |
Jul 2022 | Policy Brief | No 386 | Application of machine learning models and interpretability techniques to identify the determinants of the price of bitcoin | Sergio Gorjón, Jose Manuel Carbó |
Jul 2022 | Policy Brief | No 385 | Wake-Up Call Contagion | Toni Ahnert, Christoph Bertsch |
Jul 2022 | Policy Brief | No 384 | Aim High, Shoot Low? The Impact of Product Characteristics on Product Survival in Latvia’s Export Markets | Konstantīns Beņkovskis, Peter Jarret, Ze’ev Krill, Oļegs Tkačevs, Naomitsu Yashiro |
Jul 2022 | Policy Brief | No 383 | Measuring the engagement in climate-related financial policymaking: the climate-related financial policy index | Paola D’Orazio |
Jul 2022 | Policy Brief | No 382 | What Should the Inflation Target Be? Views from 600 Economists | Gene Ambrocio, Andrea Ferrero, Esa Jokivuolle, Kim Ristolainen |
Jul 2022 | Policy Brief | No 381 | Wage Effects of Labor Market Tightness | Christian Philip Hoeck |
Jul 2022 | Policy Brief | No 380 | Old age takes its toll: long-run projections of health-related public expenditure in Luxembourg | Gastón Andrés Giordana, María Noel Pi Alperin |
Jul 2022 | Policy Brief | No 379 | Firms’ Inflation Expectations: New Evidence from France | Olivier Coibion, Erwan Gautier, Yuriy Gorodnichenko, Frédérique Savignac |
Jul 2022 | Policy Brief | No 378 | Estimating Growth-at-Risk: Insights from a Structural Nonlinear Model | Matthias Rottner |
Jul 2022 | Policy Brief | No 377 | What lessons can we learn from the heterogeneity in inflation expectations among economic agents? | Camille Cornand, Paul Hubert |
Jul 2022 | Policy Brief | No 376 | Climate change and inflation in the euro area | Christiane Nickel |
Jul 2022 | Policy Brief | No 375 | A shot in the arm: stimulus packages and firm performance during COVID-19 | Deniz Igan, Ali Mirzaei, Tomoe Moore |
Jul 2022 | Policy Brief | No 374 | When Are “Inflation Expectations” Inflation Expectations? New Evidence From Business Surveys | Brent H. Meyer, Xuguang Simon Sheng |
Jul 2022 | Policy Brief | No 373 | Minibonds and intangibles | Gabriele Beccari, Francesco Marchionne, Beniamino Pisicoli |
Jul 2022 | Policy Brief | No 372 | Toward a green economy: the role of central bank’s asset purchases | Alessandro Ferrari, Valerio Nispi Landi |
Jul 2022 | Policy Brief | No 371 | How household savings in CESEE are related to the past and the future | Melanie Koch, Thomas Scheiber |
Jul 2022 | Policy Brief | No 370 | Too little too late: ECB’s normalisation path was model- rather than data-driven | Daniel Gros, Farzaneh Shamsfakhr |
Jul 2022 | Policy Brief | No 369 | The impact of energy efficiency on Belgian house prices | Peter Reusens, Frank Vastmans, Sven Damen |
Jul 2022 | Policy Brief | No 368 | Inflation Expectations and Climate Concern | Christoph Meinerding, Andrea Poinelli, Yves Schüler |
Jul 2022 | Policy Brief | No 367 | The Eurosystem’s bond market share at an all-time high: what does it mean for repo markets? | Tomás Carrera de Souza, Tom Hudepohl |
Jul 2022 | Policy Brief | No 366 | Firm-level expectations and macroeconomic conditions: underpinnings and disagreement | Monique Reid, Pierre Siklos |
Jul 2022 | Policy Brief | No 365 | Subjective inflation expectations of households and firms | Michael Weber |
Jul 2022 | Policy Brief | No 364 | Uncertainty, non-linear contagion and the credit quality channel: an application to the Spanish interbank market | Adrian Carro, Patricia Stupariu |
Jun 2022 | Policy Note | No 283 | Sanctions in the context of Russia’s invasion of Ukraine | Cristina Sofia Dias, Kristina Grigaitė, Marcel Magnus |
Jun 2022 | Policy Brief | No 363 | Stablecoins - DeFi, Libra and beyond | Heike Mai |
Jun 2022 | Policy Brief | No 362 | On Implementing Macroprudential Policy | Itai Agur, Sunil Sharma |
Jun 2022 | Policy Brief | No 361 | The influence of financial corporations on IMF lending: Has it changed with the global financial crisis? | Lena Lee Andresen |
Jun 2022 | Policy Brief | No 360 | On the psychology of inflation and its implications | Pascal Blanqué |
Jun 2022 | Policy Brief | No 359 | Scarring effects of major economic downturns: The role of fiscal policy and government investment | Martin Larch, Peter Claeys, Wouter van der Wielen |
Jun 2022 | Policy Brief | No 358 | Forecasting Inflation in France: an update of the model used at Banque de France | Youssef Ulgazi, Paul Vertier |
Jun 2022 | Policy Brief | No 357 | What tax data can tell us about consumption and saving patterns | Alain Galli, Rina Rosenblatt-Wisch |
Jun 2022 | Policy Brief | No 356 | How much is too much? Assessing the non-linear relationship between debt and sovereign creditworthiness | Sanne Zwart |
Jun 2022 | Policy Brief | No 355 | Japan’s Sovereign Rating in the Post-Pandemic Era: Quo Vadis? | Jinho Choi, Alexander den Ruijter, Kimi Xu Jiang, Edmund Moshammer |
Jun 2022 | Policy Brief | No 354 | A Coasian Bargain: Climate Financing to Phase Out Coal | Tobias Adrian, Patrick Bolton, Alissa M. Kleinnijenhuis |
Jun 2022 | Policy Note | No 282 | Trade and Climate – The Disrupted Nexus | Stefan P. Schleicher |
Jun 2022 | Policy Brief | No 353 | How Bad Can Financial Crises Be? A GDP Tail Risk Assessment for Portugal | Ivan De Lorenzo Buratta, Marina Feliciano, Duarte Maia |
Jun 2022 | Policy Brief | No 352 | An innovative new measure of human capital to better assess the link between education policies and productivity | Balázs Égert, Christine de la Maisonneuve, David Turner |
Jun 2022 | Policy Brief | No 351 | Currency demand at negative interest rates | Edoardo Rainone |
Jun 2022 | Policy Brief | No 350 | The currency channel of global bank leverage: a boost to fund-raising capacity | Justine Pedrono |
Jun 2022 | Policy Note | No 281 | CBDC and Bank Intermediation in the Euro Area | Ramón Adalid, Álvaro Álvarez-Blázquez, Katrin Assenmacher, et al. |
Jun 2022 | Policy Brief | No 349 | How does financial openness affect inequality? | Stefan Avdjiev, Tsvetana Spasova |
Jun 2022 | Policy Brief | No 348 | 9 stylized facts on productivity | Andreas Breitenfellner, Robert Holzmann, Richard Sellner, Maria Silgoner, Thomas Zörner |
Jun 2022 | Policy Brief | No 347 | Sectoral exchange rate pass-through in the euro area | Chiara Osbat, Yiqiao Sun, Martin Wagner |
Jun 2022 | Policy Brief | No 346 | How do firms respond to demand and supply shocks? | Michał Gradzewicz |
Jun 2022 | Policy Brief | No 345 | Can banks weather the green transition? The financial risks of increasingly stringent climate policies | Marco Belloni, Friderike Kuik, Luca Mingarelli |
Jun 2022 | Policy Brief | No 344 | Elections Hinder Firms’ Access to Credit | Florian Léon, Laurent Weill |
Jun 2022 | Policy Brief | No 343 | Cybersecurity and financial stability | Kartik Anand, Chanelle Duley, Prasanna Gai |
Jun 2022 | Policy Brief | No 342 | Making Subsidies Work: Rules vs. Discretion | Federico Cingano, Filippo Palomba, Paolo Pinotti, Enrico Rettore |
Jun 2022 | Policy Brief | No 341 | Economic adjustment in the euro area and the United States during the COVID-19 crisis | Mirko Licchetta, Giovanni Mattozzi, Rafal Raciborski, Rupert Willis |
Jun 2022 | Policy Note | No 280 | Should the ECB consider issuing its own securities? | Wim Boonstra, Bas van Geffen |
May 2022 | Policy Brief | No 340 | Optimal Timing of Policy Interventions in Troubled Banks | Philipp König, Paul Mayer, David Pothier |
May 2022 | Policy Brief | No 339 | Does own wealth and wealth of others matter for life satisfaction? | Antje Jantsch, Julia Le Blanc,Tobias Schmidt |
May 2022 | Policy Brief | No 338 | Mortgage debt relief after economic shocks: lessons from the pandemic | Edward Gaffney, Fergal McCann, Johannes Stroebel |
May 2022 | Policy Brief | No 337 | Does it matter that households disagree about inflation? | Alistair Macaulay |
May 2022 | Policy Note | No 279 | Who comes after us? The correct mindset for designing a Central Bank Digital Currency | Antoine d’Aligny, Emmanuel Benoist, Florian Dold, Christian Grothoff, Özgür Kesim, Martin Schanzenbach |
May 2022 | Policy Brief | No 336 | Business resilience in the pandemic and beyond: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia | Luca Gattini, Rozália Pál, Helena Schweiger, Laura Valderrama |
May 2022 | Policy Brief | No 335 | Macroeconomic Implications and Differences of Oil and Gas Price Shocks | Thomas Zörner, Nico Petz |
May 2022 | Policy Brief | No 334 | The local presence of global banks | Iñaki Aldasoro, John Caparusso, Yingyuan Chen |
May 2022 | Policy Note | No 278 | Monitoring Narratives: an Application to the Equity Market | Pascal Blanqué, Mohamed Ben Slimane, Amina Cherief, Théo Le Guenedal, Takaya Sekine, Lauren Stagnol |
May 2022 | Policy Brief | No 333 | The effect of introducing a Loan-to-Value limit on homeownership | Cindy Biesenbeek, Mauro Mastrogiacomo, Rob Alessie, Jakob de Haan |
May 2022 | Policy Brief | No 332 | Analysis of ESG disclosures in Pillar 3 reports. A text mining approach | Angel Iván Moreno, Teresa Caminero García |
May 2022 | Policy Brief | No 331 | Caution: Do not cross! Distance to regulatory capital buffers and lending in Covid-19 times | Cyril Couaillier, Marco Lo Duca, Alessio Reghezza, Costanza Rodriguez d’Acri |
May 2022 | Policy Brief | No 330 | How to regulate crypto currencies | Eduard de Jong |
May 2022 | Policy Note | No 277 | What business model for the Digital Euro? Lessons from Brazil and Switzerland | Peter Bofinger, Thomas Haas |
May 2022 | Policy Note | No 276 | More than an intellectual game: Exploring the monetary policy and financial stability implications of central bank digital currencies | Fabio Panetta |
May 2022 | Policy Brief | No 329 | Digital payment behaviour differs significantly across countries | Jakob Mølgaard Heisel, Marcus Clausen Brock |
May 2022 | Policy Brief | No 328 | Ideology and Monetary Policy: The role of political parties’ stances in the ECB’s parliamentary hearings | Nicolò Fraccaroli, Alessandro Giovannini, Jean-François Jamet, Eric Persson |
May 2022 | Policy Brief | No 327 | Under Pressure: Credibility of Monetary Policy | Antoine Camous, Dmitry Matveev |
May 2022 | Policy Brief | No 326 | The impact of QE on sovereign risk | Dirk Broeders, Leo de Haan, Jan Willem van den End |
May 2022 | Policy Brief | No 325 | Climate Change and Individual Behavior | René Bernard, Panagiota Tzamourani, Michael Weber |
May 2022 | Policy Brief | No 324 | Uncertainty shocks and the monetary-macroprudential policy mix | Valeriu Nalban, Andra Smădu |
Apr 2022 | Policy Brief | No 323 | Is Super-Active Fiscal Policy Desirable? | Roberto M. Billi, Carl E. Walsh |
Apr 2022 | Policy Brief | No 322 | Trends in Monetary Policy Transparency Around the World | Nergiz Dincer, Barry Eichengreen, Petra Geraats |
Apr 2022 | Policy Brief | No 321 | Would a retail CBDC achieve its intended purpose? | Romain Baeriswyl, Samuel Reynard, Alexandre Swoboda |
Apr 2022 | Policy Note | No 275 | Balancing public and private interests: Crypto, stablecoin and central bank digital currency | Wilko Bolt, Vera Lubbersen, Peter Wierts |
Apr 2022 | Policy Note | No 274 | Stylised facts on debt and financial crisis | Pedro Duarte Neves |
Apr 2022 | Policy Brief | No 320 | Global Banking, Regulatory Spillovers, and the Benefits of Macroprudential Policy Coordination | Pierre-Richard Agénor, Timothy P Jackson, Luiz A Pereira da Silva |
Apr 2022 | Policy Brief | No 319 | Time for a circular business cycle clock | Nuno Lourenço, António Rua |
Apr 2022 | Policy Brief | No 318 | How do carbon prices spillover along global production networks? | Ivan Frankovic |
Apr 2022 | Policy Brief | No 317 | Evidence on financial literacy and financial inclusion in Albania | Elona Dushku |
Apr 2022 | Policy Brief | No 316 | Robert Triffin and the search for Asian Monetary Union | Ivo Maes, Ilaria Pasotti |
Apr 2022 | Policy Brief | No 315 | Who owns banks? The household-bank nexus and its implications for bank stock prices | Matías Lamas, David Martinez-Miera |
Apr 2022 | Policy Brief | No 314 | Private Debt for SMEs – Market Overview | Helmut Kraemer-Eis, Jörn Block, Antonia Botsari, Salome Gvetadze, Frank Lang, Carlos Krause, Alexandra Moritz, Anna Schulze |
Apr 2022 | Policy Brief | No 313 | From open banking to open finance | Denis Beau |
Apr 2022 | Policy Note | No 273 | The return of inflation | Agustín Carstens |
Apr 2022 | Policy Brief | No 312 | Household Uncertainty and Inflation | Gene Ambrocio |
Apr 2022 | Policy Brief | No 311 | Making Sense of Consumers’ Inflation Expectations | Lovisa Reiche, Aidan Meyler, Christian Gayer |
Apr 2022 | Policy Brief | No 310 | Insurers’ investments before and after the COVID-19 outbreak | Federico Apicella, Raffaele Gallo, Giovanni Guazzarotti |
Apr 2022 | Policy Brief | No 309 | The low-carbon transition, climate commitments and firm credit risk | Sante Carbone, Margherita Giuzio, Sujit Kapadia, Johannes Sebastian Krämer, Ken Nyholm, Katia Vozian |
Apr 2022 | Policy Brief | No 308 | Investor demand in syndicated bond issuances: stylised facts | Martin Hillebrand, Marko Mravlak, Peter Schwendner |
Mar 2022 | Policy Brief | No 307 | On the Welfare Effects of Using Energy and Emissions Taxes to Finance a Labour Tax Reduction in a Multi-sector DSGE Model | Natascha Hinterlang, Anika Martin, Oke Röhe, Nikolai Stähler, Johannes Strobel |
Mar 2022 | Policy Brief | No 306 | ECB Communication and its Impact on Financial Markets | Klodiana Istrefi, Florens Odendahl, Giulia Sestieri |
Mar 2022 | Policy Brief | No 305 | Is There Financial Exclusion when Official Lenders Are Considered? | María Bru Muñoz |
Mar 2022 | Policy Brief | No 304 | Mind the gap: The widening post-pandemic gender divide | Joyce Chang, Amy Ho |
Mar 2022 | Policy Note | No 272 | Financing Faster Growth For Europe’s SMEs | Sylvain Broyer, Sarah Limbach, Cihan Duran |
Mar 2022 | Policy Note | No 271 | Financial stability and crypto-assets | Pablo Hernández de Cos |
Mar 2022 | Policy Brief | No 303 | Rising rent burdens following distorting investment incentives – The effects of rent controls in Germany | Vera Baye, Valeriya Dinger |
Mar 2022 | Policy Brief | No 302 | Optimal Monetary Policy and Capital Misallocation | Beatriz González, Galo Nuño, Dominik Thaler, Silvia Albrizio |
Mar 2022 | Policy Brief | No 301 | Is the ECB applying lessons from the past? | Anselm Küsters |
Mar 2022 | Policy Brief | No 300 | Household saving and fiscal policy: Evidence for the euro area from a thick modelling perspective | Cristina Checherita-Westphal, Marcel Stechert |
Mar 2022 | Policy Brief | No 299 | When domestic and foreign QE overlap | Paola Di Casola, Pär Stockhammar |
Mar 2022 | Policy Note | No 270 | Will the supply-driven oil price shock unanchor inflation expectations? | Matthew Luzzetti, Brett Ryan, Justin Weidner, Amy Yang |
Mar 2022 | Policy Brief | No 298 | Covid-19 government subsidies and their implications for pandemic labour productivity | Tommaso Bighelli, Tibor Lalinsky, Juuso Vanhala |
Mar 2022 | Policy Brief | No 297 | Central banks’ in-house credit assessment systems – supporting the Eurosystem’s response to the pandemic and its climate change action plan | Aviram Levy, Florian Resch, Anna Maria Rossi, Stephan Sauer |
Mar 2022 | Policy Brief | No 296 | The political economy of reforms in central bank design | Davide Romelli |
Mar 2022 | Policy Brief | No 295 | How do Asian central banks use big data? Insights from an Irving Fisher Committee survey | Giulio Cornelli, Sebastian Doerr, Leonardo Gambacorta, Bruno Tissot |
Mar 2022 | Policy Brief | No 294 | Preparing for the Financial System of the Future | Lael Brainard |
Mar 2022 | Policy Note | No 269 | CBDC and the international position of the euro | Wim Boonstra |
Mar 2022 | Policy Brief | No 293 | Tax Race to the Bottom Harms Location Attractiveness of Western Europe | Leonie Fischer, Jost H. Heckemeyer, Christoph Spengel, Daniela Steinbrenner |
Mar 2022 | Policy Brief | No 292 | The role of systemic risk spillovers in the transmission of Euro Area monetary policy | Alexandros Skouralis |
Mar 2022 | Policy Brief | No 291 | The Political Economy of Currency Unions | Kai Arvai |
Mar 2022 | Policy Brief | No 290 | Should monetary finance remain taboo? | Itai Agur, Damien Capelle, Giovanni Dell’Ariccia, Damiano Sandri |
Mar 2022 | Policy Brief | No 289 | The pressing need to reform the European crisis management framework | Fernando Restoy |
Mar 2022 | Policy Note | No 268 | Crisis-tested Europe – Solidarity with Ukraine spurs European identity | Heinz Handler |
Mar 2022 | Policy Brief | No 288 | Economists: not enough transparency? Evidence from a reproducibility exercise of a top economic journal | Sylvérie Herbert, Hautahi Kingi, Flavio Stanchi, Lars Vilhuber |
Mar 2022 | Policy Brief | No 287 | The implications of demographics, pension systems, and migration for monetary policy | Marcin Bielecki, Michał Brzoza-Brzezina, Marcin Kolasa |
Mar 2022 | Policy Brief | No 286 | Private and Public Debt: Some Implications on Economic Growth | Patrizio Morganti |
Mar 2022 | Policy Brief | No 285 | Why the impact of the health crisis in 2020 was uneven across the euro area economies? | Ángel Luis Gómez, Ana del Río |
Mar 2022 | Policy Note | No 267 | Towards a single operational indicator in the SGP – A look at the properties of the current expenditure benchmark | Nicholai Benalal, Maximilian Freier, Wim Melyn, Stefan Van Parys, Lukas Reiss |
Feb 2022 | Policy Brief | No 284 | House Prices and Misallocation: The Impact of the Collateral Channel on Productivity | Sergi Basco, David Lopez-Rodriguez, Enrique Moral-Benito |
Feb 2022 | Policy Brief | No 283 | Don’t trust the (inflation) process | Bruce Kasman |
Feb 2022 | Policy Brief | No 282 | Lessons from estimating the average option-implied volatility term-structure for the Spanish banking sector | Maria T. Gonzalez-Perez |
Feb 2022 | Policy Brief | No 281 | GDP-linked bonds and the fear of ambiguity | Deniz Igan, Taehoon Kim, Antoine Levy |
Feb 2022 | Policy Brief | No 280 | Are complex banking groups riskier? | Isabel Argimón, María Rodríguez-Moreno |
Feb 2022 | Policy Brief | No 279 | Brexit: Trade diversion due to trade policy uncertainty | Eduardo Gutiérrez, Aitor Lacuesta, César Martín-Machuca |
Feb 2022 | Policy Brief | No 278 | The Political Phillips Curve in the Euro Area: Parliamentary Voice on ECB Monetary Policy | Federico M. Ferrara, Donato Masciandaro, Manuela Moschella, Davide Romelli |
Feb 2022 | Policy Brief | No 277 | Money and psychology of inflation: an investor view | Pascal Blanqué |
Feb 2022 | Policy Note | No 266 | Does polarization have economic effects? It does on economic expectations | Luis Guirola |
Feb 2022 | Policy Brief | No 276 | The COVID Non-Performing Loan ’Tsunami’ that Never Happened and How to Avoid it Now | Reiner Martin, Piroska Nagy-Mohacsi, Elina Ribakova, Jonathan M. Fortun Vargas |
Feb 2022 | Policy Brief | No 275 | The effectiveness of ECB euro liquidity lines: spillovers and spillbacks | Silvia Albrizio, Iván Kataryniuk, Luis Molina, Jan Schäfer |
Feb 2022 | Policy Brief | No 274 | Regulating big tech in the public interest | Agustín Carstens |
Feb 2022 | Policy Brief | No 273 | Revisiting the Properties of Money | Isaiah Hull, Or Sattath |
Feb 2022 | Policy Note | No 265 | Austrian conceptions of money and the rise of digital currency | Michael Peneder |
Feb 2022 | Policy Brief | No 272 | Global models for a global pandemic: the impact of COVID-19 on small euro area economies | Pablo Garcia, Pascal Jacquinot, Črt Lenarčič, Matija Lozej, Kostas Mavromatis |
Feb 2022 | Policy Brief | No 271 | Including inflation expectations helps to improve inflation forecasts of econometric models | Marta Bańbura, Danilo Leiva-León, Jan-Oliver Menz |
Feb 2022 | Policy Brief | No 270 | Population ageing and the digital divide | Sebastian Doerr, Jon Frost, Leonardo Gambacorta, Han Qiu |
Feb 2022 | Policy Brief | No 269 | Recovery as a springboard for change | Debora Revoltella, Tessa Bending, Atanas Kolev |
Feb 2022 | Policy Brief | No 268 | Monetary policy and the green transition | Lena Boneva, Gianluigi Ferrucci, Francesco Paolo Mongelli |
Feb 2022 | Policy Note | No 264 | High earners in the European banking sector | Emma-Faye Dertnig, Jakob Hanzl, Mario Hübler, Christoph Prenner |
Jan 2022 | Policy Brief | No 267 | Pledge or pretext? Lessons from the Fiscal Compact | Martin Larch, Matthias Busse, László Jankovics |
Jan 2022 | Policy Brief | No 266 | Feeling the Heat? – Assessing Labor Shortages in the Euro area | Paul Ramskogler |
Jan 2022 | Policy Brief | No 265 | Has the Impact of the ECB’s Asset Purchases Diminished Over Time? | Andrejs Zlobins |
Jan 2022 | Policy Brief | No 264 | Why disinflation can be more costly in a small open economy than in a closed economy | Oleksandr Faryna, Magnus Jonsson, Nadiia Shapovalenko |
Jan 2022 | Policy Brief | No 263 | Pitfalls of Inflation Tolerance Ranges | Hervé Le Bihan, Magali Marx, Julien Matheron |
Jan 2022 | Policy Brief | No 262 | Choosing the European fiscal rule | Ginters Bušs, Patrick Grüning, Oļegs Tkačevs |
Jan 2022 | Policy Brief | No 261 | Firm financing and public liquidity measures during the pandemic | Ida Rommedahl Julin, Andreas Kuchler, Alexander Meldgaard Otte |
Jan 2022 | Policy Brief | No 260 | Credit Constrained Firms and Government Subsidies: Evidence from a European Union Program | Tirupam Goel, Péter Lang, Eszter Balogh, Ádám Banai, Martin Stancsics, Előd Takáts, Álmos Telegdy |
Jan 2022 | Policy Brief | No 259 | How to analyse monetary policy transmission and inequality in a three-agent model (THRANK) | Maria Eskelinen |
Jan 2022 | Policy Brief | No 258 | Why have interest rates fallen far below the return on capital? | Magali Marx, Benoît Mojon, François R. Velde |
Jan 2022 | Policy Brief | No 257 | Why do households save? | Sami Oinonen, Matti Viren |
Jan 2022 | Policy Brief | No 256 | Operating leverage and its importance during the Covid-19 pandemic | Katharina Allinger, Ivan Huljak |
Jan 2022 | Policy Brief | No 255 | Climate actions and macro-financial stability: The role of central banks | Francesca Diluiso, Barbara Annicchiarico, Matthias Kalkuhl, Jan. C. Minx |
Jan 2022 | Policy Note | No 263 | Monetary Policy in a World of Radical Uncertainty | Mervyn King |
Jan 2022 | Policy Note | No 262 | The encrypted threat: Bitcoin’s social cost and regulatory responses | Ulrich Bindseil, Patrick Papsdorf, Jürgen Schaaf |
Dec 2021 | Policy Brief | No 254 | What explains the emergence and diffusion of climate-related financial policies in G20 countries? | Paola D’Orazio |
Dec 2021 | Policy Brief | No 253 | Money market funds in the euro area: Vulnerabilities and the role of macroprudential policy | Tom Hudepohl, Jeroen Huiting, Annelie Petersen |
Dec 2021 | Policy Brief | No 252 | Determinants of the credit cycle: a flow analysis of the extensive margin | Vincenzo Cuciniello, Nicola di Iasio |
Dec 2021 | Policy Brief | No 251 | Have Bail-in Policies Reduced Too-Big-To-Fail Expectations? Evidence from the European Overnight Interbank Market | Eero Tölö, Esa Jokivuolle, Matti Virén |
Dec 2021 | Policy Brief | No 250 | Big techs in finance: a new trade-off between efficiency and privacy | Frederic Boissay, Torsten Ehlers, Leonardo Gambacorta, Hyun Song Shin |
Dec 2021 | Policy Brief | No 249 | Monetary and fiscal complementarity in the Covid-19 pandemic | Jagjit S Chadha, Luisa Corrado, Jack Meaning, Tobias Schuler |
Dec 2021 | Policy Note | No 261 | Mortgage and real estate markets: Current developments pose risks to financial stability | Fritz Zurbrügg |
Dec 2021 | Policy Note | No 260 | Identifying lessons from the current crisis for the prudential framework of the banking system | Pablo Hernández de Cos |
Dec 2021 | Policy Brief | No 248 | Africa and COVID-19: Can the financial sector stay on course for a green and digital future? | Debora Revoltella, Claudio Cali, Barbara Marchitto, Nina Fenton, Ricardo Santos |
Dec 2021 | Policy Brief | No 247 | Bridge over troubled water? The effectiveness of macroprudential policy during the Covid-19 pandemic in Portugal | Katja Neugebauer, Vítor Oliveira, Ângelo Ramos |
Dec 2021 | Policy Brief | No 246 | Public trust only partly immune to COVID-19 pandemic | Carin van der Cruijsen, Jakob de Haan, Nicole Jonker |
Dec 2021 | Policy Brief | No 245 | How to set Cyclical and Structural capital buffers via Stress tests? A Risk-to-Buffer approach | Cyril Couaillier, Valerio Scalone |
Dec 2021 | Policy Brief | No 244 | Switching-track after the Great Recession | Francesca Vinci, Omar Licandro |
Dec 2021 | Policy Brief | No 243 | The Macroeconomic Impact of Euro Area Labor Market Reforms | Gerhard Rünstler |
Dec 2021 | Policy Note | No 259 | Crises as a catalyst for change – lessons from the past, challenges for the future | Jens Weidmann |
Dec 2021 | Policy Brief | No 242 | The Role of Contact Tracing in the Long Pandemic War | Leonardo Melosi, Matthias Rottner |
Dec 2021 | Policy Brief | No 241 | Mutual funds’ loyalty helped to stabilize ESG stocks during the COVID-19 market crash | Rui Albuquerque, Yrjo Koskinen, Raffaele Santioni |
Dec 2021 | Policy Brief | No 240 | The European CBAM as a first step towards a globally coordinated climate policy | Daniel Römer, Milena Schwarz |
Dec 2021 | Policy Brief | No 239 | The Leverage Effect of Bank Disclosures | Philipp J. König, Christian Laux, David Pothier |
Dec 2021 | Policy Note | No 258 | The importance of Private Equity and Venture Capital financing for Greentech companies in Europe | Helmut Kraemer-Eis, Antonia Botsari, Salome Gvetadze, Frank Lang, Wouter Torfs |
Dec 2021 | Policy Brief | No 238 | Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic | Guido Ascari, Andrea Colciago, Riccardo Silvestrini |
Dec 2021 | Policy Brief | No 237 | Does competition reduce agency problems within banks? | Mattia Girotti, Federica Salvadè |
Dec 2021 | Policy Brief | No 236 | How to steer interest rates in negative territory? An analysis of reserve tiering and interbank market activity | Lucas Marc Fuhrer, Matthias Jüttner, Jan Wrampelmeyer, Matthias Zwicker |
Nov 2021 | Policy Brief | No 235 | Does one (unconventional) size fit all? Effects of the ECB’s unconventional monetary policies on the euro area economies | Maria Sole Pagliari |
Nov 2021 | Policy Brief | No 234 | Optimism is bad for fiscal outcomes | Martin Larch, Janis Malzubris, Matthias Busse |
Nov 2021 | Policy Brief | No 233 | Caveat Emptor | José María Roldán |
Nov 2021 | Policy Brief | No 232 | Central banks on social media – the reception of ECB communication among experts and non-experts on Twitter | Michael Ehrmann, Alena Wabitsch |
Nov 2021 | Policy Brief | No 231 | A Multi-level Network Approach to Spillovers Analysis: An Application to the Maltese Domestic Investment Funds Sector | Francesco Meglioli, Stephanie Gauci |
Nov 2021 | Policy Brief | No 230 | Temporary panic or fundamental change in payment habits in Europe? Lesson from COVID-19 pandemic shift towards cashless payments | Michal Polasik, Radoslaw Kotkowski |
Nov 2021 | Policy Brief | No 229 | Earnings expectations signal a heterogenous recovery after COVID-19 | Joost Bats, William Greif, Daniel Kapp |
Nov 2021 | Policy Brief | No 228 | The effect of monetary policy on stock market valuation is maybe not what you think | Olli-Matti Laine |
Nov 2021 | Policy Brief | No 227 | Did liquidity limits amplify money market fund redemptions during the COVID crisis? | Peter Dunne, Raffaele Giuliana |
Nov 2021 | Policy Brief | No 226 | Benefits of internationalisation for acquirers and targets – but unevenly distributed | Rainer Frey, Stefan Goldbach |
Nov 2021 | Policy Brief | No 225 | Population aging and the persistence of three key global trends | Andrea Papetti |
Nov 2021 | Policy Brief | No 224 | Does the shadow economy explain household saving? | Sami Oinonen, Matti Viren |
Nov 2021 | Policy Brief | No 223 | A taxonomy of sustainable finance taxonomies | Torsten Ehlers, Diwen Gao, Frank Packer |
Nov 2021 | Policy Brief | No 222 | Central Bank Digital Currencies, Crypto Currencies, and Anonymity: Economics and Experiments | Emanuele Borgonovo, Stefano Caselli, Alessandra Cillo, Donato Masciandaro, Giovanni Rabitti |
Nov 2021 | Policy Brief | No 221 | External Costs of Freight Transport – Relevance and Implications of Internalisation at the European Level | Elisabeth Christen, Bettina Meinhart, Franz Sinabell, Gerhard Streicher |
Nov 2021 | Policy Brief | No 220 | Consumption and service sector key factors in the COVID-19 trade collapse | Heli Simola |
Nov 2021 | Policy Brief | No 219 | How do banks propagate economic shocks? | Yusuf Emre Akgündüz, Seyit Mümin Cılasun, H. Özlem Dursun-de Neef, Yavuz Selim Hacıhasanoğlu, İbrahim Yarba |
Nov 2021 | Policy Brief | No 218 | When the panic broke out: Covid-19 and investment funds’ portfolio rebalancing around the world | Massimiliano Affinito, Raffaele Santioni |
Nov 2021 | Policy Brief | No 217 | How Pandemics Affect the Financial System: Fintech Adoption, and the Digital Divide | Orkun Saka, Barry Eichengreen, Cevat Giray Aksoy |
Nov 2021 | Policy Brief | No 216 | Employment Composition Matters for the slope of the Phillips Curve | Daniele Siena, Riccardo Zago |
Nov 2021 | Policy Brief | No 215 | Monetary policy strategies in the New Normal: A model-based analysis for the euro area | Fabio Busetti, Stefano Neri, Alessandro Notarpietro, Massimiliano Pisani |
Nov 2021 | Policy Brief | No 214 | How do Loan-to-Value Caps Impact Bank Lending and Credit Spillover? | Selva Bahar Baziki, Tanju Çapacıoğlu |
Nov 2021 | Policy Brief | No 213 | The role of prudential policy in addressing climate change | Fernando Restoy |
Oct 2021 | Policy Brief | No 212 | Private equity buyouts and firm exports: Evidence from UK firms | Paul Lavery, Jose-Maria Serena, Marina-Eliza Spaliara, Serafeim Tsoukas |
Oct 2021 | Policy Brief | No 211 | Technical barriers to trade play the most important role in trade of goods in information and communications technology | Mahdi Ghodsi |
Oct 2021 | Policy Brief | No 210 | Exploring DORA - the Digital Operational Resilience Act and its impact on banks and their supervisors | Joachim Wuermeling |
Oct 2021 | Policy Brief | No 209 | The one trillion euro CBDC: Issuing a digital euro without disrupting the bank lending channel | Paolo Fegatelli |
Oct 2021 | Policy Brief | No 208 | Human Frictions in the Transmission of Economic Policy | Francesco D’Acunto, Daniel Hoang, Maritta Paloviita, Michael Weber |
Oct 2021 | Policy Brief | No 207 | The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls | Philippe Bacchetta, Rachel Cordonier, Ouarda Merrouche |
Oct 2021 | Policy Brief | No 206 | Cost-Benefit Analysis of Borrower-Based Measures in Slovakia | Martin Cesnak, Ján Klacso, Roman Vasiľ |
Oct 2021 | Policy Brief | No 205 | Mind the promotional gap! Climate-related financial policies and institutional dynamics | Moritz Baer, Emanuele Campiglio, Jérôme Deyris |
Oct 2021 | Policy Brief | No 204 | Combining negative rates, forward guidance and asset purchases: Identification and impacts of the ECB’s unconventional policies | Massimo Rostagno, Carlo Altavilla, Giacomo Carboni, Wolfgang Lemke, Roberto Motto, Arthur Saint Guilhem |
Oct 2021 | Policy Brief | No 203 | The reform of the EU’s fiscal governance framework in a new macroeconomic environment | Mario Alloza, Javier Andrés, Pablo Burriel, Iván Kataryniuk, Javier J. Pérez, Juan Luis Vega |
Oct 2021 | Policy Brief | No 202 | Revisiting the link between government debt and sovereign interest rates in the euro area | Stéphanie Pamies, Nicolas Carnot, Anda Pătărău |
Oct 2021 | Policy Brief | No 201 | Basel III implementation in the European Union | Pablo Hernández de Cos |
Oct 2021 | Policy Brief | No 200 | The highly heterogeneous impact of the Covid-19 crisis on French firms | Benjamin Bureau, Anne Duquerroy, Julien Giorgi, Mathias Lé, Suzanne Scott, Frédéric Vinas |
Oct 2021 | Policy Brief | No 199 | The impact of macroprudential policies on capital flows in CESEE | Markus Eller, Niko Hauzenberger, Florian Huber, Helene Schuberth, Lukas Vashold |
Oct 2021 | Policy Brief | No 198 | Why did the pass-through from labor cost to price inflation decline in the US? | Elena Bobeica, Matteo Ciccarelli, Isabel Vansteenkiste |
Oct 2021 | Policy Brief | No 197 | How to Design a CBDC? Remuneration, Collateral Haircuts and Quantity Constraints | Katrin Assenmacher, Aleksander Berentsen, Claus Brand, Nora Lamersdorf |
Oct 2021 | Policy Brief | No 196 | Negative interest rates and the erosion of banks’ interest margins | Jorien Freriks, Jan Kakes |
Oct 2021 | Policy Brief | No 195 | Is window dressing by banks systemically important? | Luis Garcia, Ulf Lewrick, Taja Sečnik |
Oct 2021 | Policy Brief | No 194 | The impact of COVID-19 on analysts’ sentiment about the banking sector | Alicia Aguilar, Diego Torres |
Oct 2021 | Policy Brief | No 193 | The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic | George Hondroyiannis, Dimitrios Papaoikonomou |
Oct 2021 | Policy Brief | No 192 | Optimal Robust Monetary Policy with Parameters and Output Gap Uncertainty | Adriana Grasso, Guido Traficante |
Oct 2021 | Policy Brief | No 191 | Macroeconomic stabilisation in the presence of the effective lower bound: the case of the euro area | Günter Coenen, Carlos Montes-Galdón, Sebastian Schmidt |
Oct 2021 | Policy Note | No 257 | Systemic Implications of the Bail-in Design: A Precis of our Main Text | J. Doyne Farmer, Charles Goodhart, Alissa M. Kleinnijenhuis |
Sep 2021 | Policy Brief | No 190 | The Effects of Fiscal Policy when Planning Horizons are Finite | Joep Lustenhouwer, Kostas Mavromatis |
Sep 2021 | Policy Brief | No 189 | How do real and monetary integrations affect inflation dynamics in Turkey? | Hülya Saygılı |
Sep 2021 | Policy Brief | No 188 | The Path to Euro Area and Banking Union Membership: Assessing the Incentives for “Close Cooperation” and Adherence to the Exchange Rate Mechanism II | Maria J. Nieto, Dalvinder Singh |
Sep 2021 | Policy Brief | No 187 | Can policy boost the international role of currencies? Lessons from international trade invoicing | Georgios Georgiadis, Helena Le Mezo, Arnaud Mehl, Cédric Tille |
Sep 2021 | Policy Brief | No 186 | Prudential responses to COVID-19 in G20 countries: a missed opportunity to enhance "green" financial policy and regulations? | Paola D’Orazio |
Sep 2021 | Policy Brief | No 185 | The grocery trolley race in times of Covid-19. Evidence from Italy | Emanuela Ciapanna, Gabriele Rovigatti |
Sep 2021 | Policy Brief | No 184 | Frozen markets: Iceland’s experience with capital controls | Francis Breedon, Thórarinn G. Pétursson, Paolo Vitale |
Sep 2021 | Policy Brief | No 183 | Central bank’s financial result and inter-sectoral transfers of benefits | Krzysztof Kruszewski, Mikołaj Szadkowski |
Sep 2021 | Policy Brief | No 182 | The FX Global Code | Guy Debelle |
Sep 2021 | Policy Note | No 256 | Ultra low interest rates from the perspective of a central banker | Lars Rohde |
Sep 2021 | Policy Note | No 255 | Navigating by r*: safe or hazardous? | Claudio Borio |
Sep 2021 | Policy Brief | No 181 | A liquidity risk early warning indicator for Italian banks: a machine learning approach | Maria Ludovica Drudi, Stefano Nobili |
Sep 2021 | Policy Brief | No 180 | Sovereign CDS Volatility as an Indicator of Economic Uncertainty | Maximilian Böck, Martin Feldkircher, Burkhard Raunig |
Sep 2021 | Policy Brief | No 179 | The relevance of trade policy: Evidence from the 19th century | Jacopo Timini |
Sep 2021 | Policy Brief | No 178 | Contagious Zombies | Christian Bittner, Falko Fecht, Co-Pierre Georg |
Sep 2021 | Policy Note | No 254 | Fiscal-Monetary Crosswinds in the Euro Area | Lucrezia Reichlin, Giovanni Ricco, Matthieu Tarbé |
Sep 2021 | Policy Note | No 253 | Raising r*: Why, how, and if not now, when? | Robert Holzmann, Maria T. Valderrama |
Sep 2021 | Policy Note | No 252 | Forging the Future of Monetary Union – taking stock and looking forward | Markus Rodlauer, Rolf Strauch |
Sep 2021 | Policy Brief | No 177 | Labor adjustment and productivity dynamics: cross-country evidence and policy implications | Maarten Dossche, Andrea Gazzani, Vivien Lewis |
Sep 2021 | Policy Brief | No 176 | Does the ECB’s monetary policy react to the balance of risks? | Philippine Cour-Thimann, Alexander Jung |
Sep 2021 | Policy Brief | No 175 | The Liquidity of the Government Bond Market – What Impact Does Quantitative Easing Have? Evidence from Sweden | Marianna Blix Grimaldi, Alberto Crosta, Dong Zhang |
Sep 2021 | Policy Brief | No 174 | Low-for-ultra-long policy will not be enough for Japan | Hiroshi Ugai |
Sep 2021 | Policy Brief | No 173 | An export supply channel of exchange rates | Erik Frohm |
Sep 2021 | Policy Brief | No 172 | Central banks as bank supervisors: how does this double role affect their inflation outcomes? | Vasco Gabriel, Ioannis Lazopoulos, Diana Lima |
Sep 2021 | Policy Brief | No 171 | Curb your enthusiasm: the aggregate short-run effects of a borrower-based measure | Joana Passinhas, Daniel Abreu |
Sep 2021 | Policy Brief | No 170 | Pension funds’ portfolio choices and investment beliefs | Dirk Broeders, Kristy Jansen |
Sep 2021 | Policy Brief | No 169 | Recycling carbon tax revenues | Ángel Estrada, Daniel Santabárbara |
Aug 2021 | Policy Brief | No 168 | Monetary Gold and Central Bank Capital | Kenneth Sullivan |
Aug 2021 | Policy Brief | No 167 | Limits of stress-test based bank regulation | Tirupam Goel, Isha Agarwal |
Aug 2021 | Policy Brief | No 166 | Record global FX reserves after COVID shock | Michael S Hanson |
Aug 2021 | Policy Brief | No 165 | Assessment of the effectiveness of the macroprudential measures implemented in the context of the Covid-19 pandemic | Lucas Avezum, Vítor Oliveira, Diogo Serra |
Aug 2021 | Policy Brief | No 164 | Banks Fearing the Drought? Liquidity Hoarding as a Response to Idiosyncratic Interbank Funding Dry-Ups | Helge C.N. Littke, Matias Ossandon Busch |
Aug 2021 | Policy Brief | No 163 | Heterogeneous firm-level impact and responses to the COVID-19 crisis | Alejandro Fernández-Cerezo, Beatriz González, Mario Izquierdo, Enrique Moral-Benito |
Aug 2021 | Policy Brief | No 162 | The Natural Interest Rate in China | SUN Guofeng, Daniel M Rees |
Aug 2021 | Policy Brief | No 161 | Banks’ complexity-risk nexus and the role of regulation | Natalya Martynova, Ursula Vogel |
Aug 2021 | Policy Brief | No 160 | Have scale effects on cost margins of pension fund investment portfolios disappeared? | Jacob A. Bikker, Jeroen J. Meringa |
Aug 2021 | Policy Brief | No 159 | On the Effectiveness of Macroprudential Policy | Miguel Ampudia, Marco Lo Duca, Mátyás Farkas, Gabriel Perez Quiros, Mara Pirovano, Gerhard Rünstler, Eugen Tereanu |
Aug 2021 | Policy Brief | No 158 | Bank pricing of corporate loans | Márcio Mateus, Tiago Pinheiro |
Aug 2021 | Policy Brief | No 157 | Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments | Stefan Goldbach, Volker Nitsch |
Aug 2021 | Policy Brief | No 156 | More aware societies suffered less from Covid-19 | Alejandro Buesa, Javier J. Pérez, Daniel Santabárbara |
Aug 2021 | Policy Brief | No 155 | The anatomy of bond ETF arbitrage | Karamfil Todorov |
Aug 2021 | Policy Brief | No 154 | Can Internet banking affect households’ participation in financial markets and financial awareness? | Valentina Michelangeli, Eliana Viviano |
Aug 2021 | Policy Brief | No 153 | What’s the Message? Interpreting Monetary Policy Through Central Bankers’ Speeches | Martin Feldkircher, Paul Hofmarcher, Pierre Siklos |
Aug 2021 | Policy Brief | No 152 | Patchy data is a good start: from Kuznets and Clark to supervisors and climate | Frank Elderson |
Aug 2021 | Policy Brief | No 151 | No country is an island: International cooperation and climate change | Massimo Ferrari, Maria Sole Pagliari |
Aug 2021 | Policy Brief | No 150 | Digital euro has potential in the Netherlands | Michiel Bijlsma, Carin van der Cruijsen, Nicole Jonker and Jelmer Reijerink |
Aug 2021 | Policy Brief | No 149 | Regulation of crypto-assets is a must for governments and central banks | Daniel Daianu |
Aug 2021 | Policy Brief | No 148 | The role of information channels and experience for households’ inflation expectations | Christian Conrad, Zeno Enders and Alexander Glas |
Aug 2021 | Policy Note | No 251 | Green Liquidity Moves Mainstream | Patrick Drury Byrne, Sandeep Chana and Sylvain Broyer |
Aug 2021 | Policy Brief | No 147 | Proportionality in banking regulation: who, what and how? | Raihan Zamil |
Aug 2021 | Policy Brief | No 146 | Digital payments and European sovereignty | Burkhard Balz |
Aug 2021 | Policy Note | No 250 | Roads for the future: Central Bank Digital Currency (CBDC) and Innovative Payments | François Villeroy de Galhau |
Aug 2021 | Policy Brief | No 145 | It’s in the Tails: The Distributional Income Effects of Monetary Policy | Niklas Amberg, Thomas Jansson, Mathias Klein and Anna Rogantini Picco |
Aug 2021 | Policy Brief | No 144 | A quantitative analysis of the countercyclical capital buffer | Miguel Faria e Castro |
Aug 2021 | Policy Brief | No 143 | The dynamics of macroeconomic downside risk | By Davide Delle Monache, Andrea De Polis and Ivan Petrella |
Aug 2021 | Policy Brief | No 142 | Consumption patterns in Italy during COVID-19 | Elisa Guglielminetti and Concetta Rondinelli |
Jul 2021 | Policy Brief | No 141 | Some warning signals about average inflation targeting | Seppo Honkapohja, Nigel McClung |
Jul 2021 | Policy Brief | No 140 | How green is your budget? Green budgeting practices in the EU | Elva Bova |
Jul 2021 | Policy Brief | No 139 | Consistent recovery and resolution of small and large banks in Europe | Anne Dyrberg Rommer, Louise Kleiner |
Jul 2021 | Policy Brief | No 138 | Three questions on the outlook for banking | Carolyn Rogers |
Jul 2021 | Policy Brief | No 137 | Euro area equity risk premia and monetary policy | Daniel Kapp, Kristian Loft Kristiansen |
Jul 2021 | Policy Brief | No 136 | What does “below, but close to, two per cent” mean? Assessing the ECB’s reaction function with real time data | Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen |
Jul 2021 | Policy Brief | No 135 | Liquidity in the German corporate bond market: has the CSPP made a difference? | Kathi Schlepper |
Jul 2021 | Policy Brief | No 134 | Future Challenges: Old Problems in New Shapes | José María Roldán |
Jul 2021 | Policy Brief | No 133 | Evidence of a macroeconomic reversal rate | Paul Konietschke, Anna Samarina, Irina Stanga, Jan Willem van den End |
Jul 2021 | Policy Brief | No 132 | Euro area portfolio flows in 2020: the impact of the Covid-19 crisis | Julia Schmidt, Olivier Sirello |
Jul 2021 | Policy Brief | No 131 | Investment funds, monetary policy, and the global financial cycle | Christoph Kaufmann |
Jul 2021 | Policy Note | No 249 | Gender, women economic concerns and monetary policy decision-making | Sylvie Goulard |
Jul 2021 | Policy Brief | No 130 | How well are consumers’ inflation expectations anchored to the ECB’s inflation aim? | Gabriele Galati, Richhild Moessner, Maarten van Rooij |
Jul 2021 | Policy Brief | No 128 | Effects of a European Unemployment Benefit Scheme on consumption risk sharing and production efficiency | Zeno Enders, David Vespermann |
Jul 2021 | Policy Brief | No 129 | Nearshoring Perspectives after COVID-19: Can Western Balkans Benefit? | Branimir Jovanovic, Mahdi Ghodsi |
Jul 2021 | Policy Brief | No 127 | Women and Monetary Policy | Paola Profeta |
Jul 2021 | Policy Brief | No 126 | Intergenerational macroeconomics | Gabriel Makhlouf |
Jul 2021 | Policy Note | No 248 | The Future of Bitcoin | Wim Boonstra |
Jul 2021 | Policy Brief | No 125 | Monetary policy surprises trigger different responses in the housing market across European regions | Winfried Koeniger, Benedikt Lennartz, Marc-Antoine Ramelet |
Jul 2021 | Policy Brief | No 124 | Global Financial Uncertainty: Does it Matter for the Global Business Cycle? | Giovanni Caggiano, Efrem Castelnuovo |
Jul 2021 | Policy Brief | No 123 | Five stylized facts on the Great Lockdown | Francesco Grigoli, Daniel Leigh, and Antonio Spilimbergo |
Jul 2021 | Policy Brief | No 122 | Barriers to net zero: How firms can make or break the green transition | Ralph De Haas, Ralf Martin, Mirabelle Muûls, Helena Schweiger |
Jul 2021 | Policy Brief | No 121 | How climate protection adds to inflation | Jörg Krämer, Ralph Solveen |
Jul 2021 | Policy Brief | No 120 | What is the true resilience of our financial systems to climate change with the buffers we currently have? | Alejandro Díaz de León |
Jun 2021 | Policy Brief | No 119 | Six ways to bring inflation (expectations) up | Ernest Gnan |
Jun 2021 | Policy Brief | No 118 | The reduction in homeownership rates for the young | Gonzalo Paz-Pardo |
Jun 2021 | Policy Brief | No 117 | Regulating liquidity risk in mutual funds | Dominic Cucic |
Jun 2021 | Policy Brief | No 116 | The euro area sovereign debt markets in the crisis: role and impact on financial stability perspectives | Denis Beau |
Jun 2021 | Policy Note | No 247 | Not alone: Financial support of the Western Balkans | Mauro Giorgio Marrano |
Jun 2021 | Policy Brief | No 115 | Understanding the financial risks of nature loss: exploring policy options for financial authorities | Katie Kedward, Josh Ryan-Collins, Hugues Chenet |
Jun 2021 | Policy Brief | No 114 | How to issue a privacy-preserving central bank digital currency | Christian Grothoff, Thomas Moser |
Jun 2021 | Policy Brief | No 113 | The economics of interest rates and population growth | Jesse Edgerton |
Jun 2021 | Policy Brief | No 112 | Fund Cross-Holdings and Financial Stability | Daniel Fricke, Hannes Wilke |
Jun 2021 | Policy Brief | No 111 | A rising core lifts all baskets | Bruce Kasman, Joseph Lupton, Michael S Hanson |
Jun 2021 | Policy Brief | No 110 | Global vulnerabilities to the COVID-19 variant B.1.617.2 | David Mackie |
Jun 2021 | Policy Brief | No 109 | Quantifying bias and inaccuracy of upper-level aggregation in Harmonised Index of Consumer Prices for Germany and the euro area | By Thomas Knetsch, Julika Herzberg , Patrick Schwind and Sebastian Weinand |
Jun 2021 | Policy Brief | No 108 | Can central bank communication help to stabilise inflation expectations? | Alexander Jung, Patrick Kuehl |
Jun 2021 | Policy Brief | No 107 | Building a more effective financial safety net for poor countries | Bruno Cabrillac, Luc Jacolin |
Jun 2021 | Policy Note | No 246 | Integrated policy frameworks: The constraints of policy horizons and adjustment frequencies | Claudio Borio and Piti Disyatat |
Jun 2021 | Policy Brief | No 106 | What consumption habits tell us about the joint dynamics of government bond yields and stock prices internationally | Thomas Nitschka, Shajivan Satkurunathan |
Jun 2021 | Policy Brief | No 105 | Monetary policy space and monetary policy strategies for the euro area | Markus Haavio, Olli-Matti Laine |
Jun 2021 | Policy Brief | No 104 | The Economic Case for Global Vaccinations: An Epidemiological Model with International Production Networks | Cem Çakmaklı, Selva Demiralp, Şebnem Kalemli-Özcan, Sevcan Yeşiltaş, Muhammed A. Yıldırım |
Jun 2021 | Policy Brief | No 103 | A bigger house at the cost of an empty fridge? The effect of households’ indebtedness on their consumption: Micro-evidence using Belgian HFCS data | Philip Du Caju, Guillaume Périlleux, François Rycx, Ilan Tojerow |
Jun 2021 | Policy Note | No 245 | A technical toolkit to monitor a pandemic outbreak from a central bank perspective | Alexie Alupoaiei, Csaba Bálint, Matei Kubinschi |
Jun 2021 | Policy Note | No 244 | External Vulnerabilities and Exchange Rate Pass-Through: The Case of Emerging Markets | Abdullah Kazdal, Muhammed Hasan Yılmaz |
Jun 2021 | Policy Brief | No 102 | Assessing the impact of Basel III: Evidence from macroeconomic models | Olivier de Bandt, Bora Durdu, Hibiki Ichiue, Yasin Mimir, Jolan Mohimont, Kalin Nikolov, Sigrid Röhrs, Jean-Guillaume Sahuc, Valerio Scalone, Michael Straughan |
Jun 2021 | Policy Brief | No 101 | The interplay between green policy, electricity prices, financial constraints and jobs: firm-level evidence | Gert Bijnens, John Hutchinson, Jozef Konings, Arthur Saint Guilhem |
Jun 2021 | Policy Brief | No 100 | Shocks to bank capital as a driver of lending standards to corporates. What can macroprudential policy learn from bank lending surveys? | Ewa Wróbel |
Jun 2021 | Policy Brief | No 99 | Stress-testing CESEE borrowers in the light of the COVID-19 pandemic | Aleksandra Riedl |
Jun 2021 | Policy Note | No 243 | What does research say about the effects of central bank balance sheet policies? | Paola Di Casola |
May 2021 | Policy Note | No 242 | Does the upturn in Eurozone money growth imply 5% inflation? | Tim Congdon |
May 2021 | Policy Note | No 241 | Digital Disruption: The Inevitable Rise of CBDC | Chetan Ahya, Derrick Kam, Julian Richers |
May 2021 | Policy Brief | No 98 | Detecting turning point in the Danish economy in real time – nowcasting in Danmarks Nationalbank during the covid-19 crisis | Jesper Pedersen |
May 2021 | Policy Brief | No 96 | Real interest rates and demographic developments: the role of population growth and migration | Lucas Fuhrer, Nils Herger |
May 2021 | Policy Brief | No 97 | Stress-Testing Net Trading Income: The Case of European Banks | Carla Giglio, Frances Shaw, Nicolas Syrichas and Giuseppe Cappelletti |
May 2021 | Policy Brief | No 95 | A digital euro to meet the expectations of Europeans | Fabio Panetta |
May 2021 | Policy Brief | No 94 | Climate risks and collateral: a methodological experiment | Pierre-François Weber, Bünyamin Erkan, Antoine Oustry, Romain Svartzman |
May 2021 | Policy Brief | No 93 | Set-up costs and the financing of young firms | François Derrien, Jean-Stéphane Mésonnier, Guillaume Vuillemey |
May 2021 | Policy Brief | No 92 | The pandemic year from a consumer behaviour perspective: The Slovak experience | Milan Gylanik, Viera Mrazikova and Roman Vrbovsky |
May 2021 | Policy Brief | No 91 | Low Interest Rates and the Distribution of Household Debt | Marina Emiris, François Koulischer |
May 2021 | Policy Note | No 240 | What Caused The Resurgence In FDI Screening? | Simon J. Evenett |
May 2021 | Policy Note | No 239 | How to prevent a too restrictive fiscal policy in Europe? | Wim Boonstra |
May 2021 | Policy Note | No 238 | Monetary and Fiscal Policy: Privileged powers, entwined responsibilities | Claudio Borio and Piti Disyatat |
May 2021 | Policy Note | No 237 | Will consumers save the EU recovery? - Insights from the Commission’s consumer survey | Roberta Friz, Fiona Morice |
May 2021 | Policy Brief | No 90 | SPACs (special purpose acquisition companies) | Mario Hübler, Jakob Hanzl, Christoph Prenner |
May 2021 | Policy Brief | No 89 | Foreclosures and House Prices | Michele Loberto |
May 2021 | Policy Brief | No 88 | Strengthening the international role of the euro | Gergely Hudecz, Gong Cheng, Edmund Moshammer, Alexander Raabe |
May 2021 | Policy Brief | No 87 | Banking regulation and the benefits of international cooperation – views from a banking supervisor | Joachim Wuermeling |
May 2021 | Policy Note | No 236 | Europe’s growth gap: reconciling Keynes and Schumpeter | François Villeroy de Galhau |
May 2021 | Policy Brief | No 86 | The Bewildering Effects of COVID-19 and Other Recessions on Forecast Accuracy Measurements | Boriss Siliverstovs |
May 2021 | Policy Brief | No 85 | Navigating the Digital Transition, Maintaining a Stable Payment System | Denis Beau |
May 2021 | Policy Brief | No 84 | Data sharing for better policy making | Claudia Buch |
May 2021 | Policy Note | No 235 | Negative Interest Rate Policy – The Experience So Far | Luis Brandao Marques, Marco Casiraghi, Gaston Gelos, Gunes Kamber, Roland Meeks |
May 2021 | Policy Note | No 234 | Building-back-better after the Covid-19 crisis in Europe: The twin transition and divergence | Marco Buti, István P. Székely |
Apr 2021 | Policy Brief | No 82 | The banking supervisors dilemma: wearing many hats on one head | Sasin Kirakul, Jeffery Yong, Raihan Zamil |
Apr 2021 | Policy Brief | No 83 | Zero Covid: fewer deaths and much less contraction in GDP | Cécile Philippe, Nicolas Marques |
Apr 2021 | Policy Note | No 233 | How should the COVID restrictions in England be eased? | David K. Miles, Adrian H Heald, Michael Stedman |
Apr 2021 | Policy Brief | No 81 | How the Capital Markets Union can help Europe avoid a liquidity trap | Sylvain Broyer |
Apr 2021 | Policy Brief | No 80 | Fed’s financial stability concerns and monetary policy | Klodiana Istrefi, Florens Odendahl, Giulia Sestieri |
Apr 2021 | Policy Brief | No 79 | A New Measure of Synthetic Leverage | Daniel Fricke |
Apr 2021 | Policy Note | No 232 | The Macroeconomics of Covid-19 Leverage | Théophile Jégard, Simon Ray |
Apr 2021 | Policy Brief | No 78 | Not all debt is bank debt: Nonbank borrowing in Central, Eastern and Southeastern Europe | Katharina Allinger, Elisabeth Beckmann |
Apr 2021 | Policy Brief | No 77 | Smoke and Mirrors: On cancelling public debts held by the Eurosystem | Jef Boeckx and Xavier Debrun |
Apr 2021 | Policy Brief | No 76 | The Impact of COVID-19 on European Banks | Shekhar Aiyar, Mai Chi Dao, Andreas A. Jobst, Aiko Mineshima, Srobona Mitra, Mahmood Pradhan |
Apr 2021 | Policy Brief | No 75 | Europe: the shock of Covid-19 and the fear of accelerated zombification | Hélène Baudchon, Louis Boisset, Guillaume Derrien, Kenza Charef |
Apr 2021 | Policy Brief | No 74 | The Great Depression, banking crisis, and Keynes’ paradox of thrift | Victor Degorce, Eric Monnet |
Apr 2021 | Policy Brief | No 73 | The Saving and Employment Effects of Higher Job Loss Risk | Ragnar E. Juelsrud, Ella Getz Wold |
Apr 2021 | Policy Brief | No 72 | Uncertainty Is Not an Excuse. Integrating Climate Risks into Monetary Policy Operations and Financial Supervision | Julia Anna Bingler, Chiara Colesanti Senni, Pierre Monnin |
Apr 2021 | Policy Brief | No 71 | CESEE’s Macroprudential Policy Response to Covid-19 | Markus Eller, Reiner Martin, Lukas Vashold |
Apr 2021 | Policy Brief | No 70 | The impact of Covid-19 on global value chains | Heli Simola |
Apr 2021 | Policy Brief | No 69 | Crisis management of credit institutions: Senior unsecured creditors must prepare for bail-in | Christine Sif Larsen, Anne Dyrberg Rommer |
Apr 2021 | Policy Brief | No 68 | Banking union - achievements and challenges | Luis de Guindos |
Apr 2021 | Policy Note | No 231 | The challenges to the banking sector a year after the outbreak of the COVID-19 pandemic | Pablo Hernández de Cos |
Apr 2021 | Policy Brief | No 67 | How do central banks use big data and machine learning? | Sebastian Doerr, Leonardo Gambacorta, Jose Maria Serena |
Apr 2021 | Policy Brief | No 66 | Unconventional monetary policies and expectations on economic variables | Alessio Anzuini, Luca Rossi |
Apr 2021 | Policy Brief | No 65 | EMU deepening and sovereign debt spreads: using political space to achieve policy space | Iván Kataryniuk, Víctor Mora-Bajén, Javier J. Pérez |
Apr 2021 | Policy Note | No 230 | Immovable property: where, why and how should it be taxed? | Doris Prammer |
Apr 2021 | Policy Brief | No 64 | Shaken but not deterred: business confidence and Covid-19 in the Euro area | Gene Ambrocio |
Apr 2021 | Policy Brief | No 63 | The role of fiscal policies in the Covid-19 crisis: scope and limitations | Niels Thygesen |
Apr 2021 | Policy Brief | No 62 | The way forward for EU-wide stress tests | Pedro Duarte Neves |
Apr 2021 | Policy Brief | No 61 | A backstop liquidity facility for a greener economy | Eric Jondeau, Benoit Mojon, Cyril Monnet |
Apr 2021 | Policy Note | No 229 | Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: looking-through investment funds | Daniel Carvalho, Martin Schmitz |
Mar 2021 | Policy Brief | No 60 | EU – US: Towards renewed transatlantic cooperation? | Maartje Wijffelaars, Philip Marey |
Mar 2021 | Policy Brief | No 59 | Whatever it takes to save the planet? Central banks and unconventional green policy | Alessandro Ferrari, Valerio Nispi Landi |
Mar 2021 | Policy Brief | No 58 | Next Generation EU: can we do better? | Lorenzo Codogno, Paul van den Noord |
Mar 2021 | Policy Brief | No 57 | Central bank communication with the general public: effective or not? | Nils Brouwer, Jakob de Haan |
Mar 2021 | Policy Brief | No 56 | On the Origin of Systemic Risk | Mattia Montagna, Giovanni Covi, Gabriele Torri |
Mar 2021 | Policy Note | No 228 | CBDC: Where is the unique selling proposition? | Peter Bofinger,Thomas Haas |
Mar 2021 | Policy Brief | No 55 | Debt cancellation by the ECB: Does it make a difference? | Paul de Grauwe |
Mar 2021 | Policy Note | No 227 | Scarring in Europe | Reza Moghadam, Markus Guetschow, Camille White |
Mar 2021 | Policy Brief | No 54 | Are lower bank capital requirements an efficient policy tool for supporting credit to SMEs? | Michel Dietsch, Henri Fraisse, Mathias Lé, Sandrine Lecarpentier |
Mar 2021 | Policy Note | No 226 | Greening the UK financial system – a fit for purpose approach | Yannis Dafermos, Daniela Gabor, Maria Nikolaidi, Frank van Lerven |
Mar 2021 | Policy Brief | No 53 | Who has purchased euro area debt since the start of the health crisis? | Olivier Sirello |
Feb 2021 | Policy Brief | No 52 | Pandemic Recession, Recovery Plan and Helicopter Money: A Tale from the Serenissima | Charles Goodhart, Donato Masciandaro, Stefano Ugolini |
Feb 2021 | Policy Brief | No 51 | Digital technologies: a source of a productivity rebound? | Gilbert Cette, Sandra Nevoux, Loriane Py |
Feb 2021 | Policy Note | No 225 | Sharing Economy in the Financial Industry: A Platform Approach towards Sharing in Regulatory Reporting using the Shapley Value | Aaron Janowski, Moritz Plenk, Mirko Haselwander |
Feb 2021 | Policy Brief | No 50 | The rise of digital watchers | Till Ebner, Thomas Nellen, Jörn Tenhofen |
Feb 2021 | Policy Brief | No 49 | Should developed economies manage international capital flows? An empirical and welfare analysis | Dennis Bonam, Gavin Goy, Emmanuel de Veirman |
Feb 2021 | Policy Brief | No 48 | Crisis management for medium-sized banks: the case for a European approach | Andrea Enria |
Feb 2021 | Policy Note | No 224 | Vaccination delay to cost Europe EUR90bn in 2021 | Ludovic Subran, Ana Boata, Patrick Krizan, Katharina Utermöhl |
Feb 2021 | Policy Note | No 223 | Bank stress tests: their philosophy and their use by prudential authorities during the Covid-19 crisis | Valère Fourel, Julien Idier, Valerio Scalone, Aurore Schilte |
Feb 2021 | Policy Brief | No 46 | The crisis management framework for banks in the EU: what can be done with small and medium-sized banks? | Elke König |
Feb 2021 | Policy Brief | No 47 | Banking Across Borders: Are Chinese Banks Different? | Eugenio Cerutti, Catherine Koch, Swapan-Kumar Pradhan |
Feb 2021 | Policy Brief | No 45 | The crisis management framework for banks in the EU: how Can we deal with small and medium-sized banks? | Ignazio Visco |
Feb 2021 | Policy Note | No 222 | A pragmatic solution for the liquidity in resolution problem | Matthias Gruber, Stefan W. Schmitz |
Feb 2021 | Policy Brief | No 44 | The evolution of bond and swap trading | Martin Scheicher |
Feb 2021 | Policy Note | No 221 | The future of data collection & data management: Agile RegOps for digitalizing the regulatory value chain | Martina Drvar, Johannes Turner, Maciej Piechocki, Eric Stiegeler, Daniel Münch |
Feb 2021 | Policy Brief | No 43 | Nowcasting world GDP growth with high-frequency data | Caroline Jardet, Baptiste Meunier |
Jan 2021 | Policy Brief | No 42 | Scars of youth non-employment and labour market conditions | Giulia Martina Tanzi |
Jan 2021 | Policy Brief | No 41 | Is inflation dead or hibernating? | Claudio Borio |
Jan 2021 | Policy Note | No 220 | Is the 100% Reserve Reform Finally Getting Topical? | Christian Pfister |
Jan 2021 | Policy Note | No 219 | Buffer usability and potential stigma effects | Stefan W. Schmitz, Viola Nellessen, Michaela Posch, Peter Strobl |
Jan 2021 | Policy Note | No 218 | Interest rate-growth differentials on government debt: an empirical investigation for the euro area | Cristina Checherita-Westphal and João Domingues Semeano |
Jan 2021 | Policy Note | No 217 | The post-COVID-19 recovery: what challenges and roadmap for the banking industry? | Jordi Gual |
Jan 2021 | Policy Note | No 216 | Capital Buffer Assignments to Other Systemically Important Institutions in the Euro area – Is the Country Heterogeneity in the EU caused by Regulatory Capture? | Michael Sigmund |
Dec 2020 | Policy Note | No 214 | Is NGEU a game changer for the ECB’s role in fighting the fall-out from COVID-19 in the euro area? | Lukas Reiss, Maria Teresa Valderrama |
Dec 2020 | Policy Note | No 213 | COVID-19 pandemic: Perception, confusion and conspiracies | Stefan Schneider |
Dec 2020 | Policy Brief | No 40 | Could housing booms undermine productivity growth? | Sebastian Doerr |
Dec 2020 | Policy Note | No 215 | Consequences for banks’ business from COVID-19 and policy responses | Francesco Mazzaferro |
Dec 2020 | Policy Brief | No 39 | Thriving in a post-pandemic world | Debora Revoltella, Pedro de Lima |
Dec 2020 | Policy Note | No 212 | Monetary policy effects when interest rates are negative | Joost Bats, Massimo Giuliodori, Aerdt Houben |
Dec 2020 | Policy Brief | No 38 | Limits of the Market | Paul De Grauwe |
Dec 2020 | Policy Note | No 211 | Preparing for a higher inflation regime | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
Dec 2020 | Policy Note | No 210 | On the risk-adjusted performance of machine learning models in credit default prediction | Andres Alonso, Jose Manuel Carbo |
Nov 2020 | Policy Brief | No 36 | A stronger voice for Europe in global development | Werner Hoyer |
Nov 2020 | Policy Brief | No 37 | In Support of Monetary Policy: Using the Countercyclical Capital Buffer to Avoid a Reversal Interest Rate | Matthieu Darracq Pariès, Christoffer Kok, Matthias Rottner |
Nov 2020 | Policy Note | No 209 | Are equity markets currently overvalued? The role of the time horizon in earnings expectations | Roberto Blanco and Irene Roibás |
Nov 2020 | Policy Note | No 208 | The world economy under Covid-19: Can emerging market economies keep the engine running? | Kristel Buysse, Dennis Essers |
Nov 2020 | Policy Note | No 207 | Surge in corporate insolvencies hitting German banks | Jan Schildbach |
Nov 2020 | Policy Note | No 206 | Cyber risk in the financial sector | Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta, Thomas Leach, David Whyte |
Nov 2020 | Policy Note | No 205 | Retail CBDC Remuneration: The Sign Matters | Christian Pfister |
Nov 2020 | Policy Brief | No 35 | Keynes and Schumpeter are what the European economy needs right now | Sylvain Broyer |
Nov 2020 | Policy Note | No 204 | Lessons from the Swedish anti-corona strategy | Lieven Noppe |
Oct 2020 | Policy Brief | No 34 | Cross-country differences in Europe’s second COVID wave | David Mackie |
Oct 2020 | Policy Note | No 203 | Tracking Covid: What Worked? | Markus Guetschow |
Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
Oct 2020 | Policy Note | No 201 | Central banks’ response to the “tragedy on the horizon” | François Villeroy de Galhau |
Oct 2020 | Policy Note | No 200 | Finding the Right “Hall of Mirrors”: The Mixed Blessings of Lessons from the Past for Shaping a Post-COVID Future | Robert Holzmann |
Oct 2020 | Policy Brief | No 33 | Update of the European Fiscal Monitor (September 2020) | Willem-Pieter de Groen, Inna Oliinyk |
Oct 2020 | Policy Note | No 199 | Macroeconomic stabilisation when nominal interest rates are constrained: A role for household inflation expectations? | Geoff Kenny, Ioana Duca-Radu, Andreas Reuter |
Oct 2020 | Policy Brief | No 32 | More travel warnings are almost like a new lockdown for the hospitality industry | Eric Heymann |
Oct 2020 | Policy Note | No 198 | The shadow of fiscal dominance: Misconceptions, perceptions and perspectives | Isabel Schnabel |
Oct 2020 | Policy Brief | No 31 | Monitoring economic activity in times of Covid-19: moving up to higher frequency | Barbara Castelletti, Marie Delorme, Pavel Diev, Yannick Kalantzis, Antoine Lalliard, Matteo Mogliani |
Oct 2020 | Policy Note | No 197 | The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival | C.A.E. Goodhart, Manoj Pradhan |
Sep 2020 | Policy Brief | No 30 | Can we expect the economy to rebound rapidly? | Stéphane Dupraz |
Sep 2020 | Policy Note | No 196 | The Eurosystem collateral framework in 2018 and 2019 | Marco Corsi, Benjamin Hartung, Viktoriya Gocheva |
Sep 2020 | Policy Note | No 195 | The EU’s “Northern enlargement” 25 years on – stocktaking and some thoughts for the future | Ernest Gnan and Robert Holzmann |
Sep 2020 | Policy Brief | No 29 | A Journey through the Monetary Cyber World | Christian Pfister |
Sep 2020 | Policy Brief | No 28 | Limits and pitfalls of QE in emerging markets | Daniel Daianu |
Sep 2020 | Policy Brief | No 27 | To each crisis its analogy, to each analogy its critical reflection | Robert Holzmann |
Sep 2020 | Policy Note | No 194 | Home- and host-country prudential regulation and spillovers in dollar credit | Stefan Avdjiev, Bryan Hardy, Patrick McGuire, Goetz von Peter |
Sep 2020 | Policy Brief | No 26 | Global value chains and the challenge of Covid-19 | Antoine Berthou, Juan Carluccio, Guillaume Gaulier |
Sep 2020 | Policy Brief | No 25 | After Coronavirus: Deflation or Inflation? | C.A.E. Goodhart |
Sep 2020 | Policy Note | No 192 | A rule-based monetary strategy for the European Central Bank: a call for monetary stability | Juan E. Castañeda |
Sep 2020 | Policy Note | No 193 | Inclusive payments for the post-pandemic world | Raphael Auer, Jon Frost, Thomas Lammer, Tara Rice, Amber Wadsworth |
Sep 2020 | Policy Note | No 191 | Are bank capital requirements optimally set? Evidence from researchers’ views | Gene Ambrocio, Iftekhar Hasan, Esa Jokivuolle, Kim Ristolainen |
Aug 2020 | Policy Note | No 190 | Finland and monetary policy through three crises | Tuomas Välimäki and Meri Obstbaum |
Aug 2020 | Policy Note | No 189 | Financial integration in the Nordic-Baltic region vis-à-vis the EU: A Swedish perspective | David Farelius, Stefan Ingves, Magnus Jonsson |
Aug 2020 | Policy Note | No 188 | The Growth of Indexing - What is happening, and why? | Craig Lazzara |
Aug 2020 | Policy Note | No 187 | Measuring Regulatory Complexity | Jean-Edouard Colliard, Co-Pierre Georg |
Aug 2020 | Policy Brief | No 24 | The big debt surge | Ralph Solveen |
Aug 2020 | Policy Brief | No 23 | Eurozone in times of Covid-19: Debt monetisation by stealth | Peter Vanden Houte |
Aug 2020 | Policy Note | No 186 | European Recovery Fund: Sceptics Q&A | Reza Moghadam, Jacob Nell, Joao Almeida, Bruna Skarica, Markus Guetschow |
Aug 2020 | Policy Brief | No 22 | Radical Uncertainty | John Kay |
Jul 2020 | Policy Note | No 185 | The Macroeconomic Impact of NPLs in Euro Area Countries | Ivan Huljak, Reiner Martin, Diego Moccero, Cosimo Pancaro |
Jul 2020 | Policy Brief | No 21 | How effective are bank levies in reducing leverage given the debt bias of corporate income taxation? | Franziska Bremus, Kirsten Schmidt, Lena Tonzer |
Jul 2020 | Policy Note | No 184 | Special Update of the European Fiscal Monitor | Willem-Pieter de Groen, Inna Oliinyk, Sander van Veldhuizen |
Jul 2020 | Policy Brief | No 20 | How firms are adapting to the lockdown: insights from text mining | Mathilde Gerardin, Martial Ranvier |
Jul 2020 | Policy Note | No 183 | Retail Central Bank Digital Currencies: means of payment vs store of value | Santiago Fernández de Lis, Pablo Urbiola |
Jul 2020 | Policy Note | No 182 | Europe’s answer to Libra – potential and prerequisites of a programmable euro | Andreas Krautscheid, Tobias Tenner, Siegfried Utzig |
Jul 2020 | Policy Brief | No 19 | Banking between two crises | Karel Lannoo |
Jul 2020 | Policy Brief | No 18 | The liquidity trap, monetary policy and the health crisis | Stéphane Lhuissier |
Jul 2020 | Policy Brief | No 17 | Financial resilience of German households to Corona triggered income shock | Orcun Kaya |
Jul 2020 | Policy Note | No 181 | A sensible fiscal policy for the sharp rise in government debt | Forrest Capie, Meyrick Chapman, Chris Marsh, Geoffrey Wood |
Jun 2020 | Policy Note | No 180 | Which factors drive consumers to adopt crypto-assets? Results from an Austrian survey | Helmut Stix |
Jun 2020 | Policy Note | No 179 | The need for a new financial architecture after CORONA, an opinion | Freddy Van den Spiegel |
Jun 2020 | Policy Note | No 178 | Covalization: Europe on the Rack Between Globalization and Covid - A Historian’s Perspective on the European Union: Europe and Globalization | Harold James |
Jun 2020 | Policy Note | No 177 | The EU’s recovery plan is the next generation of fiscal solidarity | Sylvain Broyer |
Jun 2020 | Policy Note | No 176 | Credit Guarantees in the COVID-19 crisis – Relevance and Economic Impact | Julien Brault, Simone Signore |
Jun 2020 | Policy Brief | No 16 | Assessing the efficacy of COVID-19 tracing regimes | David Mackie |
Jun 2020 | Policy Note | No 175 | Towards a wider international role for the euro | Francesco Papadia, Konstantinos Efstathiou |
Jun 2020 | Policy Note | No 173 | A first look at fiscal dynamics in the Euro area after COVID-19: the case for a shift in the fiscal governance system | Marco Protopapa |
Jun 2020 | Policy Note | No 174 | The international role of the euro | Marco Buti |
Jun 2020 | Policy Brief | No 15 | There is nothing magic in central bank money | Jean Barthélemy, Adrian Penalver |
Jun 2020 | Policy Brief | No 14 | Do contactless cards really change the way we pay? | Martin Brown, Nicole Hentschel, Hannes Mettler, Helmut Stix |
Jun 2020 | Policy Brief | No 13 | Keeping the COVID-19 R number below 1 as mobility rises | David Mackie |
May 2020 | Policy Brief | No 12 | An ECB digital currency – a flight of fancy? | Yves Mersch |
May 2020 | Policy Note | No 172 | Does the EU convergence machine still work and how will the Covid-19 crisis impact it? | Patrick Bisciari, Dennis Essers, Evelien Vincent |
May 2020 | Policy Note | No 171 | US dollar funding markets during the Covid-19 crisis – the international dimension | Egemen Eren, Andreas Schrimpf, Vladyslav Sushko |
May 2020 | Policy Brief | No 11 | Simulating the distributive effects of the Macron-Merkel Recovery Fund | Friedrich Heinemann |
May 2020 | Policy Note | No 170 | International inflation co-movements | Philip R. Lane |
May 2020 | Policy Note | No 169 | Making banking integration work for better risk sharing in the eurozone: the role of cross-border banking consolidation | Mathias Hoffmann |
May 2020 | Policy Note | No 168 | Cross-border consolidation in the European banking sector: between dreams and reality | Jan Van Hove |
May 2020 | Policy Note | No 167 | Services are the next – and fast approaching – frontier of global trade and financial services is a sector leading the way | Robert Koopman |
May 2020 | Policy Brief | No 10 | German Constitutional Court vs ECB: Law, Economics and Politics | Donato Masciandaro |
May 2020 | Policy Brief | No 9 | ECB needs to finance Corona budget deficits | Paul De Grauwe |
May 2020 | Policy Note | No 166 | Turning collective savings into private equity investments: The Covid-19 crisis as a catalyst for pan-European efficient resource allocation | Georges Hübner |
May 2020 | Policy Brief | No 8 | The currency composition of foreign exchange reserves | Hiro Ito and Robert N McCauley |
May 2020 | Policy Note | No 165 | Monetary policy implications of digital currencies | Katrin Assenmacher |
May 2020 | Policy Note | No 164 | Can we compare the COVID-19 and 2008 crises? | Marc-Olivier Strauss-Kahn |
May 2020 | Policy Note | No 163 | Coronavirus and the world of work | Monika Kiss |
May 2020 | Policy Note | No 162 | How large is the coronavirus macro shock? Putting the near-term record-breaking shock in the long-term context | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
May 2020 | Policy Brief | No 7 | Covid-19 policy response and the role of the EIB | Debora Revoltella |
May 2020 | Policy Brief | No 5 | An EU Recovery Fund: How to square the circle? | Kajus Hagelstam, Alice Zoppè, Cristina Sofia Dias |
May 2020 | Policy Note | No 161 | Shh, don’t say it! ECB Helicopter Money: Economics and Politics | Donato Masciandaro |
May 2020 | Policy Brief | No 6 | Never Let a Good Crisis Go to Waste! | Kai A. Konrad, Marcel Thum |
Apr 2020 | Policy Brief | No 4 | How the economy will recover from the Corona shock | Jörg Krämer and Bernd Weidensteiner |
Apr 2020 | Policy Note | No 160 | Interlinking Europe’s recovery plan and the next EU budget | Kevin Körner and Barbara Böttcher |
Apr 2020 | Policy Note | No 158 | Overview of Central Bank Digital Currency - State of Play | Johannes Duong |
Apr 2020 | Policy Note | No 159 | Embedded supervision: how to build regulation into Libra 2.0 and the token economy | Raphael Auer |
Apr 2020 | Policy Brief | No 3 | What central banks have done to help the economy survive Covid-19 | Florens Odendahl, Adrian Penalver, and Urszula Szczerbowicz |
Apr 2020 | Policy Brief | No 2 | Politics and Economics of Global Currencies | Paul De Grauwe |
Apr 2020 | Policy Note | No 156 | Navigation tools in the semi-normal corona era | Andy Langenkamp |
Apr 2020 | Policy Note | No 157 | The search for the right European Financing Instruments in the Corona Pandemic - ESM Liquidity Assistance versus Corona Bonds | Friedrich Heinemann |
Apr 2020 | Policy Brief | No 1 | Regulation, Corporate Culture and Individual Responsibility in Banking | David T Llewellyn |
Apr 2020 | Policy Note | No 155 | The range of different opinions and moods in Germany on collective ‘corona bonds’ | Ingobert Waltenberger |
Apr 2020 | Policy Note | No 154 | The Prudent Algorithm Principle: A new paradigm for financial supervision | Jakob Thomä |
Apr 2020 | Policy Note | No 153 | Passive Funds Actively Affect Prices: Evidence from the Largest ETF Markets | Karamfil Todorov |
Apr 2020 | Policy Note | No 152 | European banks in the corona crisis | Jan Schildbach |
Apr 2020 | Policy Note | No 151 | Mother Nature: The gender-climate nexus | Jessica Murray |
Apr 2020 | Policy Note | No 150 | How deep will it fall? Comparing the euro area recessions of 2020 and 2009 | Andreas Breitenfellner, Paul Ramskogler |
Apr 2020 | Policy Note | No 149 | A diverse monetary union creates invisible transfers that justify conditional solidarity | Enrico Perotti and Oscar Soons |
Apr 2020 | Policy Note | No 148 | Reflections on the health and financial crisis | Jacques de Larosière |
Apr 2020 | Policy Note | No 147 | Does It Fit? Tweeting on Monetary Policy and Central Bank Communication | Donato Masciandaro, Davide Romelli, Gaia Rubera |
Apr 2020 | Policy Note | No 146 | The European Deposit Insurance Scheme: Economic Rationale, Issues and Policy Solutions | Ettore Panetti |
Mar 2020 | Policy Note | No 145 | A “European Capitalization and Development Fund” (ECDF) to facilitate Europe’s post-corona recovery | Ernest Gnan |
Mar 2020 | Policy Note | No 144 | Euro Area Economics: Putting the OOH into HICP | Jacob Nell, Bruna Skarica, Joao Almeida, Markus Guetschow |
Mar 2020 | Policy Note | No 143 | Central Bank Digital Currency: A Primer | Christian Pfister |
Mar 2020 | Policy Note | No 142 | Are Standard Macro and Credit Policies Enough to Deal with the Economic Fallout from a Global Pandemic? A Proposal for a Negative SME Tax | Thomas Drechsel, Şebnem Kalemli-Özcan |
Mar 2020 | Policy Note | No 141 | Reforms, Reversals and the Road Ahead: Lessons from Three Decades of Transition in Central and Eastern Europe | Beata Javorcik |
Mar 2020 | Policy Note | No 140 | The Paradox of Endogenous Nationalism and the Role of Quantitative Easing | Massimo Morelli |
Mar 2020 | Policy Note | No 139 | Capital Regulations and the Management of Credit Commitments during Crisis Times | Paul Pelzl, María Teresa Valderrama |
Mar 2020 | Policy Note | No 138 | Euro Area Economics: Greenflation? | Jacob Nell, Joao Almeida, Markus Guetschow |
Mar 2020 | Policy Note | No 137 | R-star decline and monetary hysteresis | Phurichai Rungcharoenkitkul |
Mar 2020 | Policy Note | No 136 | Mortgage Lending and Macroprudential Policy in the UK and US | Alan Brener |
Feb 2020 | Policy Note | No 135 | Cost-Efficiency and Productivity of euro area banks | Ivan Huljak, Reiner Martin, Diego Moccero |
Feb 2020 | Policy Note | No 134 | Regulating fintech: what is going on, and where are the challenges? | Fernando Restoy |
Feb 2020 | Policy Note | No 133 | Making sure your bot colleague is less biased than you! | Frank De Jonghe |
Feb 2020 | Policy Note | No 132 | The European Banking Union | Margarita Delgado |
Feb 2020 | Policy Note | No 131 | Populism, Economic Policies and Central Banking: an Overview | Ernest Gnan, Donato Masciandaro |
Feb 2020 | Policy Note | No 130 | European Banking Consolidation: Can a view to the past inform current policy efforts? | Peter Hahn |
Feb 2020 | Policy Note | No 129 | How Could Central Bank Digital Currencies Be Designed? | Itai Agur, Anil Ari, Giovanni Dell’Ariccia |
Feb 2020 | Policy Note | No 128 | Interests and alliances | Klaas Knot |
Jan 2020 | Policy Note | No 127 | Europe’s role in the global financial system | Luis de Guindos |
Jan 2020 | Policy Note | No 126 | Bank resolution, the need to recognize reality in order to prepare for the next crisis | Jesper Berg, Henrik Bjerre-Nielsen |
Jan 2020 | Policy Note | No 125 | Should central banks also be supervisors: a political economy perspective | Donato Masciandaro |
Jan 2020 | Policy Note | No 124 | Economic policy in EMU: What role for fiscal and monetary policy? Which has more scope left? How to combine them? | Marco Buti |
Jan 2020 | Policy Note | No 123 | DLT-Based Regulatory Reporting - A game changer for the regulatory regime? | Daniel Münch, Noah Bellon |
Jan 2020 | Policy Note | No 122 | TCFD: strengthening the foundations of sustainable finance | Mark Carney |
Jan 2020 | Policy Note | No 121 | The quest for policy scope: Implications for monetary policy strategies | Klaas Knot |
Dec 2019 | Policy Note | No 120 | Investing in Europe’s Competitiveness and Sustainability | Werner Hoyer |
Dec 2019 | Policy Note | No 119 | Central bank independence and inflation | Ryszard Kokoszczyński, Joanna Mackiewicz-Łyziak |
Dec 2019 | Policy Note | No 118 | Deposit facility rate, bank reserves, and portfolio reallocation incentives | Manuel Buchholz, Kirsten Schmidt, Lena Tonzer |
Nov 2019 | Policy Note | No 117 | Euro Area Fiscal Policy: The Factual, the Possible and the Surprising | Daniele Antonucci |
Nov 2019 | Policy Note | No 116 | Following “Libra” German banks say: The economy needs a programmable digital euro | Andreas Krautscheid, Tobias Tenner, Siegfried Utzig |
Nov 2019 | Policy Note | No 115 | Putting macroprudential policy to work: a case study on the Dutch housing market | Paul Hilbers, Marco van Hengel |
Nov 2019 | Policy Note | No 114 | Central Banking in challenging times | Claudio Borio |
Nov 2019 | Policy Note | No 113 | Ten years after Lehman, is the financial system safer? | Denis Beau |
Nov 2019 | Policy Note | No 112 | Inflation In The Eurozone Is Dead. Long Live (The Right Kind Of) Inflation | Sylvain Broyer |
Nov 2019 | Policy Note | No 111 | Reforming the Stability and Growth Pact: Striving for sustainability while offering room for manoeuvre | Karsten Wendorff |
Nov 2019 | Policy Note | No 110 | Towards a European Governance Framework for Cryptoassets | Jason Grant Allen, Rosa María Lastra |
Oct 2019 | Policy Note | No 109 | The rise of central banks as sovereign debt holders: Implications for investor bases | Alvise Lennkh, Bernhard Bartels, Thibault Vasse |
Oct 2019 | Policy Note | No 108 | Libra – a view from Europe | Heike Mai |
Oct 2019 | Policy Note | No 107 | Tackling non-performing loans in Europe | Peter Grasmann, Markus Aspegren, Nicolas Willems |
Oct 2019 | Policy Note | No 106 | Banks’ behavioral reactions to Basel III: mostly as intended | Stefan W. Schmitz |
Oct 2019 | Policy Note | No 105 | Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
Oct 2019 | Policy Note | No 104 | On Crypto Assets | Andrei Kirilenko |
Sep 2019 | Policy Note | No 103 | Non-banks in the EU: ensuring a smooth transition to a Capital Markets Union | Fatima Pires |
Sep 2019 | Policy Note | No 102 | How to improve crisis management in the banking union: a European FDIC? | Fernando Restoy |
Sep 2019 | Policy Note | No 101 | Central bank digital currency: institutional issues | Wim Boonstra |
Sep 2019 | Policy Note | No 100 | Integration and convergence in the EMU: a complex dynamic | Bruno Cabrillac |
Sep 2019 | Policy Note | No 99 | The euro’s global role: past, present and future | Arnaud Mehl |
Sep 2019 | Policy Note | No 98 | Making the most of the EMU: Challenges and opportunities for structural reforms | Luiz de Mello |
Sep 2019 | Policy Note | No 97 | Strengthened EU fiscal framework: fiscal discipline versus economic stabilization | Bernhard Grossmann, Gottfried Haber |
Sep 2019 | Policy Note | No 96 | Reconciling risk sharing with market discipline: A constructive approach to euro area reform | Isabel Schnabel |
Sep 2019 | Policy Note | No 95 | Controlling CBDC through tiered remuneration | Ulrich Bindseil |
Sep 2019 | Policy Note | No 94 | Escaping the Trap: Secular Stagnation, Monetary Policy and Financial Fragility | Martin Wolf |
Sep 2019 | Policy Note | No 93 | European Economic and Monetary Union: from the Past into the Future | Jean-Claude Trichet |
Aug 2019 | Policy Note | No 92 | Beliefs and Portfolios: New Measurement and Facts | Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Stephen Utkus |
Aug 2019 | Policy Note | No 91 | How to Make Capitalism Work for All? | Anita Angelovska Bezhoska |
Aug 2019 | Policy Note | No 90 | Restricting or Abolishing Cash: An Effective Instrument for Eliminating the Shadow Economy, Corruption and Terrorism? | Friedrich Schneider |
Aug 2019 | Policy Note | No 89 | Central banks still run money creation | Daniel Daianu |
Aug 2019 | Policy Note | No 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
Jul 2019 | Policy Note | No 87 | Loan portfolio diversification in the euro area, capital requirements, and the European Banking Union | Esa Jokivuolle, Matti Virén |
Jul 2019 | Policy Note | No 86 | Regulatory complexity and the quest for robust regulation | Prasanna Gai, Malcolm Kemp, Antonio Sánchez Serrano, Isabel Schnabel |
Jul 2019 | Policy Note | No 85 | Libra: A new competitor among international currencies? | Beat Weber |
Jul 2019 | Policy Note | No 84 | Main findings from a survey on the long-term impact of Brexit on the UK and EU economies | Patrick Bisciari |
Jul 2019 | Policy Note | No 83 | Global economic governance at a crossroads | Carlo Monticelli |
Jul 2019 | Policy Note | No 82 | Rethinking Capital Regulation: The Case for a Dividend Prudential Target in the Euro Area | Manuel Muñoz |
Jun 2019 | Policy Note | No 81 | Bilateral Trade Balances Under Focus | Florence Jaumotte |
Jun 2019 | Policy Note | No 80 | A products and activities approach to managing risk in asset management | Barbara Novick |
Jun 2019 | Policy Note | No 79 | Financial aspects of Brexit | Thomas Url |
Jun 2019 | Policy Note | No 78 | Central banks are too risk averse as investors | Massimiliano Castelli, Stefan Gerlach |
Jun 2019 | Policy Note | No 77 | Thoughts for a third EU Referendum: Revoke Article 50 OR Leave with “a” deal | Graham Bishop |
Jun 2019 | Policy Note | No 76 | Chinese foreign investment: a dangerous obsession or a new normal? Get ready for the latter! | Peter Havlik |
Jun 2019 | Policy Note | No 75 | The future of financial stability: Maintaining effectiveness while reducing complexity | Andreas Ittner |
May 2019 | Policy Note | No 74 | The future of the UK services trade post-Brexit: unlikely to be bright | Olga Pindyuk |
May 2019 | Policy Note | No 73 | Monetary and financial stability: the implications for prudential supervision | Ed Sibley |
May 2019 | Policy Note | No 72 | Analysing the Economics of BREXIT and World Trade | David T. Llewellyn |
May 2019 | Policy Note | No 71 | Rethinking the Trade-offs for Monetary Policy in an Era of Globalization | Enrique Martínez-García |
May 2019 | Policy Note | No 70 | The impact of Brexit on growth and the public finances | Iain Begg |
May 2019 | Policy Note | No 69 | The post-crisis Phillips Curve and its policy implications: cumulative wage gap matters for inflation | Liviu Voinea |
Apr 2019 | Policy Note | No 68 | How to assess the adequacy of capital requirements based on internal models? | Susanne Roehrig |
Apr 2019 | Policy Note | No 67 | What is „Modern Money Theory“ (MMT)? | Beat Weber |
Apr 2019 | Policy Note | No 66 | The future of money and payments | Agustín Carstens |
Apr 2019 | Policy Note | No 65 | A New Horizon | Mark Carney |
Apr 2019 | Policy Note | No 64 | The Euro Area: Staying the Course through Uncertainties | François Villeroy de Galhau |
Apr 2019 | Policy Note | No 63 | The Euro Area: Creating a Stronger Economic Ecosystem | Christine Lagarde |
Mar 2019 | Policy Note | No 62 | Market power: a complex reality | Peter Praet |
Mar 2019 | Policy Note | No 61 | Beyond voluntary disclosure: why a ‘market-shaping’ approach to financial regulation is needed to meet the challenge of climate change | Josh Ryan-Collins |
Mar 2019 | Policy Note | No 60 | Fiscal Rules | Vitor Gaspar, David Amaglobeli |
Mar 2019 | Policy Note | No 59 | New Frontiers in the Euro Debate in Iceland | Thorsteinn Thorgeirsson |
Feb 2019 | Policy Note | No 58 | Disintermediation and re-intermediation effects of the CSPP | Óscar Arce, Ricardo Gimeno, Sergio Mayordomo |
Feb 2019 | Policy Note | No 57 | Creating an enabling environment for innovation and digitalisation | Debora Revoltella, Tim Bending, Christoph Weiss, Philipp-Bastian Brutscher |
Feb 2019 | Policy Note | No 56 | What lies in store for the eurozone? An assessment of the Greek bailout programmes: Has the EU become wiser? | Yannis Stournaras |
Feb 2019 | Policy Note | No 55 | Europe needs reforms for inclusive growth. Do Europeans agree? | Pier Carlo Padoan |
Jan 2019 | Policy Note | No 54 | Big tech in finance and new challenges for public policy | Agustín Carstens |
Jan 2019 | Policy Note | No 53 | The output cost of the global financial crisis: A reappraisal after ten years | David Turner, Patrice Ollivaud |
Jan 2019 | Policy Note | No 52 | Monetary Policy beyond normalization | Maria Demertzis |
Jan 2019 | Policy Note | No 51 | Africa needs investments beyond its pockets of growth | Olivier de Boysson, Clément Gillet |
Dec 2018 | Policy Note | No 50 | Business models in prudential policies | Isabelle Vaillant, Marina Cernov |
Dec 2018 | Policy Note | No 49 | Bank business models: time to act | Rudi Vander Vennet |
Nov 2018 | Policy Note | No 48 | Trends and Cycles in Financial Intermediation | Philip R. Lane |
Nov 2018 | Policy Note | No 47 | Regtech meets financial supervision: how climate scenario analysis by supervisors is ushering in a new regulatory paradigm | Jakob Thomä |
Nov 2018 | Policy Note | No 46 | Global financial vulnerabilities: Get ready for a bumpy ride | Claudio Borio |
Oct 2018 | Policy Note | No 45 | A plea for a paradigm shift in financial decision-making in the age of climate change and disruptive technologies | Angela Köppl, Sigrid Stagl |
Oct 2018 | Policy Note | No 44 | A Financial Union for the Euro Area | Poul M. Thomsen |
Oct 2018 | Policy Note | No 43 | A Green Supporting Factor — The Right Policy? | Jacob Dankert, Lars van Doorn, Henk Jan Reinders, Olaf Sleijpen |
Sep 2018 | Policy Note | No 42 | Preserving regulatory certainty: The review of insurers’ capital requirements | Gabriel Bernardino |
Sep 2018 | Policy Note | No 41 | Central banks should reflect climate risks in monetary policy operations | Pierre Monnin |
Aug 2018 | Policy Note | No 40 | 21st century cash: Central banking, technological innovation and digital currencies | Fabio Panetta |
Jul 2018 | Policy Note | No 39 | Green bond finance and certification | Torsten Ehlers, Frank Packer |
Jun 2018 | Policy Note | No 38 | The future for central bank balance sheets and their potential use as a macroprudential tool | Paul Fisher |
Jun 2018 | Policy Note | No 37 | A solid common landing ground for EMU | Jeroen Dijsselbloem |
Jun 2018 | Policy Note | No 36 | Temporary Eurobill Fund (TEF): 30 FAQs | Graham Bishop |
May 2018 | Policy Note | No 35 | Strengthening the euro area Architecture: A proposal for Purple bonds | Lorenzo Bini Smaghi, Michala Marcussen |
May 2018 | Policy Note | No 34 | Modern financial repression in the euro area crisis: making high public debt sustainable? | Ad van Riet |
May 2018 | Policy Note | No 33 | Populism and Central Bank Independence | Donato Masciandaro, Francesco Passarelli |
May 2018 | Policy Note | No 32 | Central Bank Accountability and Judicial Review | Charles Goodhart, Rosa Lastra |
Apr 2018 | Policy Note | No 31 | Opportunities and challenges for banking regulation and supervision in the digital age | José Manuel González-Páramo |
Apr 2018 | Policy Note | No 30 | In the euro area, discipline is of the essence, but risk-sharing is no less important | Daniel Daianu |
Mar 2018 | Policy Note | No 29 | European Monetary Union reform preferences of French and German parliamentarians | Sebastian Blesse, Pierre C. Boyer, Friedrich Heinemann, Eckhard Janeba, Anasuya Raj |
Mar 2018 | Policy Note | No 28 | Credit conditions and corporate investment in Europe | Laurent Maurin, Rozalia Pal, Philipp-Bastian Brutscher |
Feb 2018 | Policy Note | No 27 | Euro area quantitative easing: Large volumes, small impact? | Daniel Gros |
Feb 2018 | Policy Note | No 26 | Comparability of Basel risk weights in the EU banking sector | Zsofia Döme, Stefan Kerbl |
Jan 2018 | Policy Note | No 25 | The New Silk Road: Implications for Europe | Stephan Barisitz, Alice Radzyner |
Jan 2018 | Policy Note | No 24 | Fairness and Support for the Reforms: Lessons from the Transition Economies | Sergei Guriev |
Jan 2018 | Policy Note | No 23 | The occasional importance of the current account in an era of a global savings glut | Jesper Berg, Steffen Lind |
Dec 2017 | Policy Note | No 22 | Deepening the Economic and Monetary Union: the EU priorities by 2025 and beyond | Marco Buti |
Nov 2017 | Policy Note | No 21 | Risk sharing in EMU: key insights from a literature review | Demosthenes Ioannou, David Schäfer |
Nov 2017 | Policy Note | No 20 | Recent developments in Chinese shadow banking | Michael Chui, Christian Upper |
Oct 2017 | Policy Note | No 19 | Is cash back? Assessing the recent increase in cash demand | Clemens Jobst, Helmut Stix |
Oct 2017 | Policy Note | No 18 | Is there a risk of snapback in long-dated yields? | Hyun Song Shin |
Sep 2017 | Policy Note | No 17 | Gaming the rules or ruling the game? – How to deal with regulatory arbitrage | Danièle Nouy |
Sep 2017 | Policy Note | No 16 | International financial crises: new understandings, new data | Jaime Caruana |
Aug 2017 | Policy Note | No 15 | Technological Change and the Future of Cash | François R. Velde |
Jul 2017 | Policy Note | No 14 | Banks or platforms: The digital future | Patricia Jackson |
Jun 2017 | Policy Note | No 13 | The political economy of central banking in the digital age | Sir Paul Tucker |
May 2017 | Policy Note | No 12 | (No) worries about the new shape of international capital flows | Matthieu Bussiére, Julia Schmidt, Natacha Valla |
Mar 2017 | Policy Note | No 11 | Completing the architecture of the Euro | Lorenzo Bini Smaghi |
Jan 2017 | Policy Note | No 10 | Bail-ins: Issues of Credibility and Contagion | Clas Wihlborg |
Dec 2016 | Policy Note | No 9 | Two turbulent centuries: Lessons from Austria’s monetary policy, 1816-2016 | Ernest Gnan, Clemens Jobst |
Nov 2016 | Policy Note | No 8 | Doves, Hawks and Pigeons: Behavioral Monetary Policy Making | Donato Masciandaro |
May 2016 | Policy Note | No 7 | Ten Myths in the Brexit Debate | David T. Llewellyn |
May 2016 | Policy Note | No 6 | Bank secrecy in offshore centres, capital flows and blacklisting: It takes two to tango | Donato Masciandaro |
Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |
Feb 2016 | Policy Note | No 4 | Gender diversity and monetary policy | Donato Masciandaro, Paola Profeta, Davide Romelli |
Dec 2015 | Policy Note | No 3 | Cash without future? Future without cash? A wider view | Christian Beer, Urs W. Birchler, Ernest Gnan |
Oct 2015 | Policy Note | No 2 | Modigliani–Miller, Basel 3 and CRD 4 | Morten Balling |
Sep 2015 | Policy Note | No 1 | What is money and who says so? | Peter R. Fisher |