Date published | SUERF | Issue | Title | Author(s) |
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 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 388 | Technology Standardization matters for Competition and Growth | Antonin Bergeaud, Julia Schmidt, Riccardo Zago |
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 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 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 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 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 Brief | No 362 | On Implementing Macroprudential Policy | Itai Agur, Sunil Sharma |
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 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 351 | Currency demand at negative interest rates | Edoardo Rainone |
Jun 2022 | Policy Brief | No 346 | How do firms respond to demand and supply shocks? | Michał Gradzewicz |
Jun 2022 | Policy Note | No 280 | Should the ECB consider issuing its own securities? | Wim Boonstra, Bas van Geffen |
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 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 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 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 327 | Under Pressure: Credibility of Monetary Policy | Antoine Camous, Dmitry Matveev |
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 Note | No 275 | Balancing public and private interests: Crypto, stablecoin and central bank digital currency | Wilko Bolt, Vera Lubbersen, Peter Wierts |
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 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 310 | Insurers’ investments before and after the COVID-19 outbreak | Federico Apicella, Raffaele Gallo, Giovanni Guazzarotti |
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 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 Brief | No 302 | Optimal Monetary Policy and Capital Misallocation | Beatriz González, Galo Nuño, Dominik Thaler, Silvia Albrizio |
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 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 Note | No 268 | Crisis-tested Europe – Solidarity with Ukraine spurs European identity | Heinz Handler |
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 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 279 | Brexit: Trade diversion due to trade policy uncertainty | Eduardo Gutiérrez, Aitor Lacuesta, César Martín-Machuca |
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 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 |
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 265 | Has the Impact of the ECB’s Asset Purchases Diminished Over Time? | Andrejs Zlobins |
Jan 2022 | Policy Brief | No 263 | Pitfalls of Inflation Tolerance Ranges | Hervé Le Bihan, Magali Marx, Julien Matheron |
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 259 | How to analyse monetary policy transmission and inequality in a three-agent model (THRANK) | Maria Eskelinen |
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 |
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 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 Note | No 261 | Mortgage and real estate markets: Current developments pose risks to financial stability | Fritz Zurbrügg |
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 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 Note | No 259 | Crises as a catalyst for change – lessons from the past, challenges for the future | Jens Weidmann |
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 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 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 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 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 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 213 | The role of prudential policy in addressing climate change | Fernando Restoy |
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 208 | Human Frictions in the Transmission of Economic Policy | Francesco D’Acunto, Daniel Hoang, Maritta Paloviita, Michael Weber |
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 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 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 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 |
Sep 2021 | Policy Brief | No 190 | The Effects of Fiscal Policy when Planning Horizons are Finite | Joep Lustenhouwer, Kostas Mavromatis |
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 180 | Sovereign CDS Volatility as an Indicator of Economic Uncertainty | Maximilian Böck, Martin Feldkircher, Burkhard Raunig |
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 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 169 | Recycling carbon tax revenues | Ángel Estrada, Daniel Santabárbara |
Aug 2021 | Policy Brief | No 167 | Limits of stress-test based bank regulation | Tirupam Goel, Isha Agarwal |
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 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 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 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 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 149 | Regulation of crypto-assets is a must for governments and central banks | Daniel Daianu |
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 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 |
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 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 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 126 | Intergenerational macroeconomics | Gabriel Makhlouf |
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 121 | How climate protection adds to inflation | Jörg Krämer, Ralph Solveen |
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 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 111 | A rising core lifts all baskets | Bruce Kasman, Joseph Lupton, Michael S Hanson |
Jun 2021 | Policy Brief | No 108 | Can central bank communication help to stabilise inflation expectations? | Alexander Jung, Patrick Kuehl |
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 105 | Monetary policy space and monetary policy strategies for the euro area | Markus Haavio, Olli-Matti Laine |
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 |
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 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 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 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 |
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 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 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 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 66 | Unconventional monetary policies and expectations on economic variables | Alessio Anzuini, Luca Rossi |
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 61 | A backstop liquidity facility for a greener economy | Eric Jondeau, Benoit Mojon, Cyril Monnet |
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 Note | No 226 | Greening the UK financial system – a fit for purpose approach | Yannis Dafermos, Daniela Gabor, Maria Nikolaidi, Frank van Lerven |
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 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 48 | Crisis management for medium-sized banks: the case for a European approach | Andrea Enria |
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 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 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 |
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 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 Note | No 215 | Consequences for banks’ business from COVID-19 and policy responses | Francesco Mazzaferro |
Dec 2020 | Policy Note | No 212 | Monetary policy effects when interest rates are negative | Joost Bats, Massimo Giuliodori, Aerdt Houben |
Dec 2020 | Policy Note | No 211 | Preparing for a higher inflation regime | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
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 205 | Retail CBDC Remuneration: The Sign Matters | Christian Pfister |
Nov 2020 | Policy Note | No 204 | Lessons from the Swedish anti-corona strategy | Lieven Noppe |
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 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 Note | No 197 | The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival | C.A.E. Goodhart, Manoj Pradhan |
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 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 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 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 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 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 Brief | No 18 | The liquidity trap, monetary policy and the health crisis | Stéphane Lhuissier |
Jun 2020 | Policy Note | No 177 | The EU’s recovery plan is the next generation of fiscal solidarity | Sylvain Broyer |
Jun 2020 | Policy Brief | No 14 | Do contactless cards really change the way we pay? | Martin Brown, Nicole Hentschel, Hannes Mettler, Helmut Stix |
May 2020 | Policy Brief | No 12 | An ECB digital currency – a flight of fancy? | Yves Mersch |
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 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 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 Note | No 161 | Shh, don’t say it! ECB Helicopter Money: Economics and Politics | Donato Masciandaro |
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 Note | No 156 | Navigation tools in the semi-normal corona era | Andy Langenkamp |
Apr 2020 | Policy Brief | No 1 | Regulation, Corporate Culture and Individual Responsibility in Banking | David T Llewellyn |
Apr 2020 | Policy Note | No 154 | The Prudent Algorithm Principle: A new paradigm for financial supervision | Jakob Thomä |
Apr 2020 | Policy Note | No 152 | European banks in the corona crisis | Jan Schildbach |
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 |
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 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 134 | Regulating fintech: what is going on, and where are the challenges? | Fernando Restoy |
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 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 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 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 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 |
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 101 | Central bank digital currency: institutional issues | Wim Boonstra |
Sep 2019 | Policy Note | No 99 | The euro’s global role: past, present and future | Arnaud Mehl |
Sep 2019 | Policy Note | No 94 | Escaping the Trap: Secular Stagnation, Monetary Policy and Financial Fragility | Martin Wolf |
Aug 2019 | Policy Note | No 89 | Central banks still run money creation | Daniel Daianu |
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 82 | Rethinking Capital Regulation: The Case for a Dividend Prudential Target in the Euro Area | Manuel Muñoz |
Jun 2019 | Policy Note | No 80 | A products and activities approach to managing risk in asset management | Barbara Novick |
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 |
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 |
Jan 2019 | Policy Note | No 52 | Monetary Policy beyond normalization | Maria Demertzis |
Dec 2018 | Policy Note | No 50 | Business models in prudential policies | Isabelle Vaillant, Marina Cernov |
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 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 |
Jun 2018 | Policy Note | No 37 | A solid common landing ground for EMU | Jeroen Dijsselbloem |
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 |
Apr 2018 | Policy Note | No 31 | Opportunities and challenges for banking regulation and supervision in the digital age | José Manuel González-Páramo |
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 |
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 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 |
Jun 2017 | Policy Note | No 13 | The political economy of central banking in the digital age | Sir Paul Tucker |
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 |
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 |