External publication
17 February 2022
Book notes: Monetary policy in times of crisis
Review of 'Monetary policy in times of crisis: a tale of two decades of the European Central Bank' published in the Central Banking.
European central bank
Showing 33-48 of 258 results
Blog post
18 November 2021
Including home-ownership costs in the inflation indicator is not just a technical issue
The ECB’s preferred method to include owner-occupied housing services in the inflation indicator would involve an asset price.
External publication
09 November 2021
The New Euro Area Inflation Indicator and Target: The Right Reset?
Testimony to the Monetary Dialogue Preparatory Meeting of the European Parliament's Committee on Economic and Monetary Affairs (ECON).
Event
04 November 2021
European monetary policy: lessons from the past two decades
This event will feature the presentation of “Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank."
External publication
04 November 2021
The new euro area inflation indicator and target: the right reset?
In-depth analysis on the European Central Bank's revised inflation target prepared for the European Parliament's Committee on Economic and Monetary Af
Blog post
02 November 2021
Is the risk of stagflation real?
Most economic forecasts predict a return, in the medium-term, to pre-pandemic growth and inflation. Nevertheless, the European Central Bank and fiscal
Comment
02 November 2021
Is the ECB right to take on climate change?
The real issue here is not that the ECB takes a very sizeable risk by pursuing climate objectives but rather, that it cannot afford not to. And by doi
Blog post
07 July 2021
How have the European Central Bank’s negative rates been passed on?
Negative rate cuts are not that different from ‘standard’ rate cuts. Like them, they reduce banks’ margins, but this effect does not appear to be ampl
Comment
23 June 2021
What to expect from the ECB’s monetary policy strategy review?
Emphasis will be placed on greening monetary policy and clarifying the ECB's price stability objective, but is this enough?
Blog post
09 June 2021
Inflation!? Germany, the euro area and the European Central Bank
There is concern in Germany about rising prices, but expectations and wage data show no sign of excess pressures; German inflation should exceed 2% to
External publication
09 June 2021
What Are the Effects of the ECB’s Negative Interest Rate Policy?
This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects hav
Blog post
28 May 2021
Emergency Liquidity Assistance: A new lease of life or kiss of death?
Use of Emergency Liquidity Assistance to prop up euro-area banks needs to be more transparent; available evidence suggests its use has not always been
Comment
22 April 2021
The ECB needs political guidance on secondary objectives
While EU Treaties clearly stipulate that the ECB “shall support the general objectives of the European Union”, it is not appropriate to simply stand b
Comment
14 April 2021
More Europe or less Europe?
Europe is often a ship with multiple captains. The boat moves forward in calm seas, but when the slightest wind puts it off course, it is not easy to
Event
13 April 2021
An alpine divide? Comparing economic cultures in Germany and Italy
A discussion of Italian and German macro-economic cultures and performances.
Event
01 April 2021
The role of the ECB in stabilizing sovereign debt markets
What are the main lessons of ECB interventions in specific sovereign debt markets?