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ECB - Working paper series

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Last updated 1 day ago

Interest rate control and the transmission of monetary policy

1 day ago

We study how short-term interest rate volatility affects the transmission of monetary...

Word2Prices: embedding central bank communications for inflation prediction

3 days ago

Word embeddings are vectors of real numbers associated with words, designed to...

The impact of regional institutional quality on economic growth and resilience in the EU

4 days ago

This paper investigates the impact of regional institutional quality on economic growth...

Effects of monetary policy on labor income: the role of the employer

4 days ago

This paper investigates the role of firms in the transmission of monetary...

Private safe-asset supply and financial instability

9 days ago

This paper analyzes the private production of safe assets and its implications...

Macroprudential and monetary policy tightening: more than a double whammy?

9 days ago

We investigate the interaction between monetary and macroprudential policy in affecting banks’...

Creditworthy: do climate change risks matter for sovereign credit ratings?

10 days ago

Do sovereign credit ratings take into account physical and transition climate risks...

The expert’s edge? Bank lending specialization and informational advantages for credit risk assessment

11 days ago

We examine whether loan portfolio sectoral specialization provides informational advantages to banks...

TLTRO III and banks' loan book rebalancing during the pandemic: less 'targeted' than intended for some?

17 days ago

Targeted longer-term refinancing operations (TLTROs)helped supporting bank lending to firms and to...

Banking in the negative: a vector error correction analysis of bank-specific lending and deposit rates

17 days ago

We analyze the impact of negative reference rates on the interest rate...

Fiscal requirements for price stability when households are not Ricardian

18 days ago

Are restrictions on fiscal policy necessary for monetary policy to be able...

Putting countries on the cap? Pastoral visits of John Paul II and international trade

22 days ago

During his reign from 1979 to 2005, Pope John Paul II visited...