Blog post
08 December 2022
Do financial markets consider European common debt a safe asset?
The interest rate on European Union bonds is now almost as high as that of supposedly riskier Spanish bonds; this risks defeating their purpose.
European central bank
Showing 17-32 of 259 results
Blog post
28 November 2022
Does inflation hit the poor hardest everywhere?
Low-income households suffer most from high inflation, but in some European Union countries the inflation burden is felt more equally than others.
Policy brief
22 November 2022
Completing Europe’s banking union: economic requirements and legal conditions
This contribution analyses the deficiencies of the current framework and identifies possible responses, in line with three levels of reform ambition.
Blog post
24 October 2022
National policies are the best protection against euro-area financial fragmentation risks
An analysis of German-Italian spreads under five Italian governments shows that the gap was biggest when Italian policies worried markets most.
Comment
07 October 2022
The importance of being fiscally earnest
As interest rates increase over the course of the next few months, there are bound to be asset-price corrections & rethinking of investment decisions.
Podcast
28 September 2022
Learning from the European Central Bank's policy mistakes
While mistakes unduly constrained rate hikes, gradual tightening is the right approach along with a new instrument to address energy bottlenecks.
Blog post
22 September 2022
Tackling inflation: learning from the European Central Bank's six lapses
While mistakes unduly constrained rate hikes, gradual tightening is the right approach along with a new instrument to address energy bottlenecks.
External publication
19 September 2022
The ECB’s monetary tightening: a belated start under uncertainty
A paper assessing the ECB policy errors that occurred in the last year, and the appropriateness of the current monetary policy stance of the ECB.
Blog post
12 September 2022
How effective has the pandemic emergency purchase programme been in ensuring debt sustainability?
The ECB’s pandemic emergency purchase programme has improved substantially the debt dynamics of euro-area countries, with durable effects.
Policy brief
12 July 2022
An analysis of central bank decision-making
Bank of England MPC celebrates 25 years and we use this occasion to compare its decision-making process to that of the ECB
Blog post
20 June 2022
A new European tool to deal with unjustified rising spreads
The ECB needs a new tool to prevent the current rise in spreads, triggered by monetary policy tightening, from escalating into a new euro-area crisis.
External publication
08 June 2022
Fragmentation risk in the euro area: no easy way out for the European Central Bank
The ECB should design a specific tool that will accompany interest rate hikes to neutralise the risk of fragmentation directly for countries facing it
Comment
31 May 2022
Three headaches for the European Central Bank
Once again, the limits of EMU architecture are visible and will require a rethink.
Event
05 May 2022
What is in store for Euro area economies?
ECB Executive Board Member Philip Lane discussed the outlook for Euro area economies.
Event
29 March 2022
Tackling future risks to banks
How to address vulnerabilities in banks in the coming years?
Comment
08 March 2022
The week inflation became entrenched
The events that have unfolded since 24 February have solved one dispute: inflation is no longer temporary.