21 May 2021
No. 2557
The effect of macroeconomic uncertainty on household spending
Olivier CoibionDimitris GeorgarakosYuriy GorodnichenkoGeoff KennyMichael Weber
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20 May 2021
No. 2556
A risk management perspective on macroprudential policy
Sulkhan ChavleishviliStephan FahrManfred KremerSimone ManganelliBernd Schwaab
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19 May 2021
No. 2555
A toolkit for computing Constrained Optimal Policy Projections (COPPs)
Oliver de GrootFalk MazelisRoberto MottoAnnukka Ristiniemi
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Details
19 May 2021
No. 2554
On the optimal control of interbank contagion in the euro area banking system
Gábor FukkerChristoffer Kok
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18 May 2021
No. 2553
Lending relationships in loan renegotiation: evidence from corporate loans
Melina Papoutsi
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17 May 2021
No. 2552
Funding behaviour of debt management offices and the ECB’s Public Sector Purchase Programme
Katharina Plessen-MátyásChristoph KaufmannJulian von Landesberger
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14 May 2021
No. 2551
The disciplining effect of supervisory scrutiny in the EU-wide stress test
Christoffer KokCarola MüllerSteven OngenaCosimo Pancaro
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14 May 2021
No. 2550
Do banks fuel climate change?
Alessio ReghezzaYener AltunbasDavid Marqués-IbáñezCostanza Rodriguez d’AcriMartina Spaggiari
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12 May 2021
No. 2549
Banks and negative interest rates
Florian HeiderFarzad SaidiGlenn Schepens
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12 May 2021
No. 2548
Investing in crises

No. 2547
Can central bank communication help to stabilise inflation expectations?
Alexander JungPatrick Kühl
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7 May 2021
No. 2546
Globalisation and the efficiency-equity trade-off
Roland BeckVirginia Di NinoLivio Stracca
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7 May 2021
No. 2545
Market failures in market-based finance
Giovanni di IasioDominika Kryczka
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4 May 2021
No. 2544
Financial reforms and innovation: a micro-macro perspective
Spyridon BoikosIoannis BournakisDimitris ChristopoulosPeter McAdam
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3 May 2021
No. 2543
Combining Bayesian VARs with survey density forecasts: does it pay off?
Marta BańburaFederica BrennaJoan ParedesFrancesco Ravazzolo
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27 April 2021
No. 2542
Economic predictions with big data: the illusion of sparsity
Domenico GiannoneMichele LenzaGiorgio E. Primiceri
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26 April 2021
No. 2541
Tracking global economic uncertainty: implications for the euro area
Alina BobasuAndré GeisLucia QuagliettiMartino Ricci
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26 April 2021
No. 2540
Foreign banks and the doom loop
Ugo AlbertazziJacopo CimadomoNicolò Maffei-Faccioli
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23 April 2021
No. 2539
Leveraged property cycles
Ivan Jaccard
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23 April 2021
No. 2538
Capital flows-at-risk: push, pull and the role of policy
Fernando Eguren-MartinCian O’NeillAndrej SokolLukas von dem Berge
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13 April 2021
No. 2537
The interplay between green policy, electricity prices, financial constraints and jobs: firm-level evidence
Gert BijnensJohn HutchinsonJozef KoningsArthur Saint-Guilhem
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12 April 2021
No. 2536
International medium-term business cycles
Dominik HirschbühlMartin Spitzer
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12 April 2021
No. 2535
Euro area equity risk premia and monetary policy: a longer-term perspective
Daniel KappKristian Kristiansen
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9 April 2021
No. 2534

The identification of dominant macroeconomic drivers: coping with confounding shocks
Alistair DieppeNeville FrancisGene Kindberg-Hanlon
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9 April 2021
No. 2533
Technology and demand drivers of productivity dynamics in developed and emerging market economies
Alistair DieppeNeville FrancisGene Kindberg-Hanlon
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18 March 2021
No. 2532
Networking the yield curve: implications for monetary policy
Tatjana DalhausJulia SchaumburgTatevik Sekhposyan
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18 March 2021
No. 2531
Forbearance vs foreclosure in a general equilibrium model
Bianca BarbaroPatrizio Tirelli
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3 March 2021
No. 2530
ECB-Global 2.0: a global macroeconomic model with dominant-currency pricing, tariffs and trade diversion
Georgios GeorgiadisSebastian HildebrandMartino RicciBen SchumannBjörn van Roye
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26 February 2021
No. 2529
Inventory management, dealers’ connections, and prices in OTC markets
Jean-Edouard ColliardThierry FoucaultPeter Hoffmann
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22 February 2021
No. 2528
Regional economic impact of Covid-19: the role of sectoral structure and trade linkages
Philipp MeinenRoberta SerafiniOttavia Papagalli
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19 February 2021
No. 2527
On the interaction between monetary and macroprudential policies
Alberto MartinCaterina MendicinoAlejandro Van der Ghote
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19 February 2021
No. 2526
Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: looking-through investment funds
Daniel CarvalhoMartin Schmitz
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12 February 2021
No. 2525
Stress-testing net trading income: the case of European banks
Carla GiglioFrances ShawNicolas SyrichasGiuseppe Cappelletti
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11 February 2021
No. 2524
Modeling extreme events: time-varying extreme tail shape
Bernd SchwaabXin ZhangAndré Lucas
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11 February 2021
No. 2523
A multivariate unobserved components model to estimate potential output in the euro area: a production function based approach
Máté Tóth
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8 February 2021
No. 2522
Homeownership and portfolio choice over the generations
Gonzalo Paz-Pardo
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8 February 2021
No. 2521
Policy uncertainty, lender of last resort and the real economy
Martina JasovaCaterina MendicinoDominik Supera
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29 January 2021
No. 2520
Issuance and valuation of corporate bonds with quantitative easing
Stefano PegoraroMattia Montagna
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29 January 2021
No. 2519
Limited liability, strategic default and bargaining power
Mirco BalattiCarolina López-Quiles
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28 January 2021
No. 2518
Transforming ‘sympathetic interlocutors’ into veto players
Bernhard ReinsbergAndreas KernMatthias Rau-Goehring
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27 January 2021
No. 2517
LSIs’ exposures to climate change related risks: an approach to assess physical risks
Maria Sole Pagliari
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27 January 2021
No. 2516
Text-based recession probabilities
Massimo FerrariHelena Le Mezo
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26 January 2021
No. 2515
The implications of liquidity regulation for monetary policy implementation and the central bank balance sheet size: an empirical analysis of the euro area
Danielle KedanAlexia Ventula Veghazy
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26 January 2021
No. 2514
Risk aversion and bank loan pricing
Gonzalo Camba-MéndezFrancesco Paolo Mongelli
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25 January 2021
No. 2513
Global impacts of US monetary policy uncertainty shocks
Povilas LastauskasAnh Dinh Minh Nguyen
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No. 2512
Statistical decision functions with judgment
Simone Manganelli
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22 January 2021
No. 2511
Do bank insiders impede equity issuances?
Martin GoetzLuc LaevenRoss Levine
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11 January 2021
No. 2510
Nowcasting in a pandemic using non-parametric mixed frequency VARs
Florian HuberGary KoopLuca OnoranteMichael PfarrhoferJosef Schreiner
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21 December 2020
No. 2509
Losers amongst the losers: the welfare effects of the Great Recession across cohorts
Alessandro Ferrari
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18 December 2020
No. 2508
Bank credit and market-based finance for corporations: the effects of minibond issuances
Steven OngenaSara PinoliPaola RossiAlessandro Scopelliti
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18 December 2020
No. 2507
The Covid-19 crisis and consumption: survey evidence from six EU countries
Dimitris ChristelisDimitris GeorgarakosTullio JappelliGeoff Kenny
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17 December 2020
No. 2506
What value added in the trade balances of euro area financial centres?
Virginia Di NinoAnna Ekstam
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17 December 2020
No. 2505
Daily tracker of global economic activity: a close-up of the COVID-19 pandemic
Elena Maria DiazGabriel Pérez Quirós
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16 December 2020
No. 2504
Monetary and macroprudential policy complementarities: evidence from European credit registers
Carlo AltavillaLuc LaevenJosé-Luis Peydró
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Details
15 December 2020
No. 2503
The impact of US tariffs against China on US imports: evidence for trade diversion?
Simone CignaPhilipp MeinenPatrick SchulteNils Steinhoff
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15 December 2020
No. 2502
On the origin of systemic risk
Mattia MontagnaGabriele TorriGiovanni Covi
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14 December 2020
No. 2501
Weigh(t)ing the basket: aggregate and component-based inflation forecasts for the euro area
Jakub ChalmovianskyMario PorquedduAndrej Sokol
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14 December 2020
No. 2500
Whatever it takes to save the planet? Central banks and unconventional green policy
Alessandro FerrariValerio Nispi Landi
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11 December 2020
No. 2499
Contagion accounting
Iñaki AldasoroAnne-Caroline HüserChristoffer Kok
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11 December 2020
No. 2498
Benefits of macro-prudential policy in low interest rate environments
Alejandro Van der Ghote
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30 November 2020
No. 2497
How do banking groups react to macroprudential policies? Cross-border spillover effects of higher capital buffers on lending, risk-taking and internal markets
Giuseppe CappellettiAurea Ponte MarquesCarmelo SalleoDiego Vila Martín
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27 November 2020
No. 2496
Interest rate risk and monetary policy normalisation in the euro area
Alessio ReghezzaCostanza Rodriguez d’AcriLivia PancottoPhilip Molyneux
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27 November 2020
No. 2495
Using forecast-augmented VAR evidence to dampen the forward guidance puzzle
Kai ChristoffelOliver de GrootFalk MazelisCarlos Montes-Galdón
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Details
25 November 2020
No. 2494
Nowcasting business cycle turning points with stock networks and machine learning
Andres Azqueta-GavaldonDominik HirschbühlLuca OnoranteLorena Saiz
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Details
24 November 2020
No. 2493
How news affects sectoral stock prices through earnings expectations and risk premia
Kristian KristiansenAnna Kirstine Hvid
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24 November 2020
No. 2492
Banks, low interest rates, and monetary policy transmission
Olivier Wang
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23 November 2020
No. 2491
Fire sales by euro area banks and funds: what is their asset price impact?
Harun MirzaDiego MocceroSpyros PalligkinisCosimo Pancaro
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Details
23 November 2020
No. 2490
Do words hurt more than actions? The impact of trade tensions on financial markets
Massimo Minesso FerrariMaria Sole PagliariFrederik Kurcz
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Details
19 November 2020
No. 2489
Investment funds, monetary policy, and the global financial cycle
Christoph Kaufmann
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19 November 2020
No. 2488
Central bank digital currency in an open economy
Massimo Minesso FerrariArnaud MehlLivio Stracca
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10 November 2020
No. 2487
Reversal interest rate and macroprudential policy
Matthieu Darracq ParièsChristoffer KokMatthias Rottner
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Details
4 November 2020
No. 2486
Interest rate-growth differentials on government debt: an empirical investigation for the euro area
Cristina Checherita-WestphalJoão Domingues Semeano
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30 October 2020
No. 2485
The wage-price pass-through in the euro area: does the growth regime matter?
Elke Hahn
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30 October 2020
No. 2484
Spillover effects in international business cycles
Maximo CamachoGabriel Perez-QuirosMatías Pacce
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21 October 2020
No. 2483
Money markets, central bank balance sheet and regulation
Stefano CorradinJens EisenschmidtMarie HoerovaTobias LinzertGlenn SchepensJean-David Sigaux
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Details
15 October 2020

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