European Central Bank
ECBPaper
EU carbon pricing cuts emissions and drives green M&As
A new European Central Bank working paper finds that tighter EU climate regulation led high-emission firms to cut emissions and acquire greener targets.
Focus
ECBDecoder
Low prices, variety draw euro area shoppers to Chinese e-commerce
Euro area consumers are increasingly drawn to Chinese e-commerce platforms by low prices and extensive product variety, an ECB survey finds.
ECBPaper
Non-bank groups test EU regulatory perimeter, new oversight proposed
An ECB Occasional Paper examines how large non-bank groups providing bank-like services challenge the European Union's regulatory perimeter.
Latest
ECBDecoder
ECB upgrades models for inflation, geopolitical shocks
The European Central Bank is upgrading its economic models to better address growing uncertainty, war, and energy shocks.
ECBNews
ECB sees inflation risks, AI fuels market optimism
The ECB Governing Council's June 10-11 meeting account revealed persistent inflation risks from the Middle East conflict, alongside robust market optimism driven by the artificial intelligence boom.
ECBPaper
New theory: Liquidity rules need bank size limits for efficiency
A new European Central Bank working paper proposes a general equilibrium theory where bank liquidity requirements improve incentives but are insufficient for efficient financial intermediation.
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ECBPaper
Temporary migration reshapes regional shocks and policy trade-offs
A new ECB working paper finds that temporary migration significantly alters macroeconomic fluctuations and the effectiveness of stabilization policies in integrated economies like the European Union.
ECBDecoder
New climate factors tackle uncertainty in ECB collateral
The European Central Bank has introduced climate factors into its collateral framework.
ECBPaper
New LLM index tracks euro area geoeconomic tension
ECB researchers have developed a new index to measure geopolitical and geoeconomic tension in the euro area.
ECBPaper
Cross-border bank lending barriers cost euro area 1.6% GDP
An ECB working paper quantifies significant barriers to cross-border bank lending within the euro area, primarily hindering relationship formation and bank entry.
ECBSpeech
Lane: AI's net effect on natural rate of interest uncertain
ECB Executive Board Member Philip R. Lane outlined the uncertain net effect of artificial intelligence on macroeconomic dynamics and the natural rate of interest (R*).
ECBPaper
Monetary policy hits households via banks
An ECB Occasional Paper reviews how monetary policy transmits to euro area households, highlighting the central role of banks and non-bank intermediaries.