European Central Bank
ECB
Paper
Endogenous threshold VAR solves price puzzles in monetary policy
An ECB working paper by Dimitris Christopoulos, Peter McAdam, and Elias Tzavalis introduces a copula-based control function for threshold vector autoregressions with endogenous state variables.
Focus
ECB
Decoder
Supply shocks dominate current euro area inflation surge
An ECB analysis shows the 2026 rise in euro area headline inflation from 1.9 percent to 2.8 percent is primarily driven by energy supply shocks rather than demand.
ECB
Press
Wage tracker indicates stable negotiated pay growth of 2.7 percent
The European Central Bank's wage tracker shows negotiated wage growth stabilizing at 2.7 percent in the first quarter of 2027.
Latest
ECB
Paper
Euro area firms widely adopt AI but intensive use lags at 7 percent
Approximately 70 percent of euro area firms report using artificial intelligence, but only 7 percent describe their adoption as significant.
ECB
Paper
Paris Agreement falls short as climate risks accelerate
A new European Central Bank working paper reviews global climate governance ten years after the 2015 Paris Agreement.
ECB
Paper
Securities losses reduce bank liquidity and tighten corporate credit
A new ECB research bulletin shows that securities losses during the 2022-23 tightening cycle reduced euro area banks' access to secured funding.
More Topics
ECB
Decoder
Oil prices rise 29 percent despite 14 percent supply shock
Despite a 14 percent global oil supply disruption from the Iran conflict, oil prices have risen by only 29 percent by early June 2026.
ECB
Paper
Central bank purchases and debt management shape Bund repo specialness
A new European Central Bank working paper analyzes how debt management office interventions and Eurosystem asset purchases jointly affected German government bond repo specialness between 2015 and 2024.
ECB
Paper
Price shock lowers bank credit for energy-intensive firms
A new European Central Bank working paper examines the impact of the 2022 energy price shock on bank lending using Danish firm-level data.
ECB
Speech
Lane outlines euro area outlook and global trade dynamics
ECB Executive Board member Philip R. Lane presented an assessment of the euro area economy at the MacGill Summer School on July 24, 2026.
ECB
Press
Corporate loan portfolios integrated into euro area collateral framework
The European Central Bank has integrated non-financial corporate loan portfolios into its general collateral framework.
ECB
Press
Climate factors extended to corporate credit claims
The European Central Bank will extend climate factors in its collateral framework to non-financial corporate credit claims.