European Central Bank
Asset management companies stabilize credit by breaking NPL feedback loop
A new European Central Bank working paper finds that asset management companies (AMCs) effectively stabilize credit by purchasing nonperforming loans (NPLs) and breaking the feedback loop between default rates and lending costs.
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Model comparison reveals climate transition challenges for monetary policy
A new ECB working paper compares several multi-sector monetary models to analyze the macroeconomic effects of carbon-intensive energy price changes.
New Macro-Finance FCI improves euro area monetary policy assessment
A new ECB working paper introduces a novel Macro-Finance Financial Conditions Index for the euro area.
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Lagarde urges Europe to unlock growth potential through scale
ECB President Christine Lagarde outlined Europe's new growth model, emphasizing the need to turn its size into scale by overcoming structural barriers.
Macroprudential measures tighten euro area mortgage lending standards
A new ECB working paper finds that euro area banks generally tightened mortgage lending standards around the implementation of borrower-based macroprudential measures.
New least-squares filter enhances sequence-space model econometrics
A new ECB Working Paper introduces a least-squares filter for efficiently extracting unobserved shocks in linear sequence-space models.
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Regional data reveal flatter Phillips curve, highlight expectations
A new European Central Bank study using regional data from 11 euro area countries finds that the Phillips curve is flatter and largely shaped by inflation expectations.
ECB enhances transparency on high-level remuneration
ECB President Christine Lagarde has detailed the remuneration of high-level officials and announced improved disclosure practices.
Lagarde urges pragmatic reforms to preserve global order
European Central Bank President Christine Lagarde called for pragmatic reforms to rebuild trust in the international order.
Elderson details progress on climate risk and supervisory priorities
Frank Elderson, Member of the Executive Board of the European Central Bank, stated in a Bloomberg interview that banks are largely managing climate risks, but supervisory challenges persist.
Climate disasters increase debt costs for vulnerable nations
New research from the European Central Bank reveals that climate-related disasters can significantly increase sovereign bond yields.
Cipollone outlines digital euro's role in strengthening European payments
Piero Cipollone, Member of the Executive Board of the ECB, presented the digital euro project to the Italian Parliamentary Committee on February 19, 2026.