European Central Bank
ECB
Paper
EU temporary migration amplifies output fluctuations
A new ECB working paper uses a two-country DSGE model to study temporary migration between EU15 and NMS12 countries.
Focus
ECB
Paper
Gas shocks shape euro area inflation expectations
An ECB working paper analyzes how natural gas market shocks influence euro area inflation expectations and actual inflation.
ECB
Speech
Financial integration crucial for Europe's prosperity
ECB Vice-President Luis de Guindos emphasized the strategic necessity of deepening financial integration in Europe.
Latest
ECB
Paper
Physical climate risk raises bank credit risk, alters lending
A new ECB working paper finds that physical climate risk from floods persistently increases bank credit risk and temporarily alters lending activity.
ECB
Paper
Q-learning, LLM investors pose new financial stability risks
A new ECB working paper finds that artificial intelligence investor behavior fundamentally alters financial fragility.
ECB
Decoder
Digital banks: faster deposit, slower loan repricing
Digital banks adjust deposit pricing faster but loan pricing slower than traditional peers, reshaping monetary policy transmission.
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ECB
Speech
New energy shock challenges euro area stability
ECB Executive Board member Piero Cipollone warned that a new energy shock, stemming from the war in Iran and the Middle East, poses significant risks to euro area economic stability.
ECB
Press
Wage tracker shows stable pressures through 2026
The European Central Bank's updated wage tracker indicates that negotiated wage growth is expected to remain stable at around 2.6 percent by the end of 2026.
ECB
Speech
Lane: Climate change impacts output, inflation, ECB policy
Philip R. Lane, Member of the Executive Board of the ECB, outlined how climate change and the green transition are impacting the euro area economy and the central bank's monetary policy.
ECB
Paper
Proposals to strengthen non-bank financial regulation
The European Central Bank's Financial Stability Committee task force proposes strengthening macroprudential regulation for non-bank financial intermediation.
ECB
Speech
Lagarde: Climate, nature risks sharpen central bank analysis
ECB President Christine Lagarde opened a conference on climate, nature, and monetary policy, emphasizing the need for deeper central bank analysis.
ECB
Paper
ECB cyber stress tests boost bank investment by 80 percent
The European Central Bank's 2024 Cyber Resilience Stress Test (CyRST) significantly increased cybersecurity investment among 'laggard' European banks.