European Central Bank
ECB
Paper
EU venture capital funds lag US by sixfold at 150 billion euros
Venture capital funds located in the United States hold approximately 930 billion euros, about six times the 150 billion euros managed by EU funds.
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ECB
Paper
Job security drives European job search while pay leads in US market
An ECB working paper by Bick, Dias da Silva, and Weißler reveals that 13 percent of European workers and 19 percent of U.S. workers actively search while employed.
ECB
Paper
Severe model defects drive majority of supervisory capital add-ons
Severe model defects, rather than the total number of flaws, drive supervisory capital add-ons imposed on euro area banks using internal ratings-based models.
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ECB
Paper
Energy price shocks hit low income households twice as hard
An ECB study shows energy price surges act as an open-economy income tax that hits poorest households hardest.
ECB
Paper
Supply chain linkages amplify inflation shocks and persistence
An ECB working paper demonstrates that incorporating production network linkages into Bayesian vector autoregressions reveals stronger and more persistent inflation spillovers from sectoral shocks, with supply chain structures significantly amplifying energy and agricultural price pass-through.
ECB
Paper
Middle East war shock curbs euro area spending
The war in the Middle East caused euro area consumer confidence to drop by 12 index points between February and April 2026, lowering nominal consumption growth from over 3 percent to 2.5 percent.
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ECB
Decoder
Refining margins amplify Middle East crude oil shocks at the pump
Retail diesel prices in the euro area jumped by a third to 2.18 euros per litre in April 2026 following Middle East conflict shocks.
ECB
Paper
Updated guide details government finance statistics framework
The European Central Bank has published its updated Government Finance Statistics guide to implement Guideline ECB/2025/9. The publication details reporting rules for national central banks and statistical institutes on general government revenue, deficit, debt, and EU budget transactions.
ECB
Paper
Income risk stems from job transitions rather than persistent shocks
An ECB working paper shows that individual productivity shocks are far less persistent than previously estimated, with income risk primarily driven by job transitions and worker heterogeneity.
ECB
Paper
FABART model reveals asymmetric impact of oil supply news shocks
An ECB working paper introduces the FABART framework to analyze US oil supply news shocks from 1974 to 2019.
ECB
Press
Digital euro app to exceed European accessibility standards
The European Central Bank has unveiled accessibility features for its digital euro app that go beyond European Accessibility Act requirements.
ECB
Paper
AI indicator SPOT quantifies financial stability risk triggers
Researchers from the European Central Bank have developed an AI-based indicator called SPOT to systematically extract and quantify potential financial stability trigger events from news texts.