ECB
Paper
An ECB study shows that financial frictions across production networks amplify the impact of monetary policy on prices and output, with network effects dominating direct sector leverage by a factor of three.
ECB
Paper
The ECB has introduced the Broad Intermediation Gauge (ECB-BIG) index to provide a timely assessment of credit conditions across euro area banks and non-banks.
ECB
Paper
An ECB Economic Bulletin analysis shows that longer-term euro area inflation expectations remain broadly anchored across consumers, firms and professional forecasters following recent energy price shocks.
ECB
Paper
The euro area youth unemployment rate reached 15.1 percent in the first quarter of 2026 as overall labor demand cooled.
ECB
Paper
Euro area governments have deployed minimal fiscal support of 0.1 percent of GDP following the 2026 Middle East energy shock, as elevated borrowing costs and a 3.3 percent structural deficit constrain fiscal policy compared to the 2022 energy crisis.
ECB
Paper
The European Central Bank kept its key deposit facility rate unchanged at 2.25 percent at its July meeting.
ECB
Paper
A new ECB Economic Bulletin article shows that policy uncertainty shocks subtracted roughly 0.4 percentage points from euro area GDP growth in 2025.
BIS
Paper
A Bank for International Settlements study shows that global energy supply shocks produce more than double the impact on core inflation when household inflation expectations exceed central bank targets.
ECB
Paper
A new ECB working paper shows that extracting text-based labour demand indicators from corporate earnings calls significantly improves short-term forecasts of euro area job vacancy rates.
ECB
Paper
A European Central Bank working paper introduces MuSE, a simulation engine designed to generate thousands of macro-financial stress scenarios.
BIS
Paper
A study of the 100 largest euro area commercial real estate groups reveals distinct risk patterns between bank loans and bond markets.