data to precisely analyze how the vocal emo- tions and language of ECB President Mario Draghi affect the yields and yield … spreads of major euro area economies. This novel approach to central bank communication reveals that vocal and verbal emotions …

This report focuses on the implications of the changed inflation environment for the ECB's monetary policy strategy …. The starting point of the report is the outcome of the Monetary Policy Strategy Review 2020-21. While the previous review … (ELB), the inflation surge that followed the COVID-19 pandemic underscores the importance of a monetary policy strategy …

This report offers a strategic view on the economic and inflation environment in the euro area as part of the monetary … environment the ECB is likely to face. It also draws conclusions regarding the enhancements that need to be made to the existing … policy strategy assessment 2025. It reassesses the factors shaping the inflation and economic environment in light of the …

This paper considers the past, present, and future of the ECB monetary policy. Looking backwards, the ECB has succeeded … in navigating through several crises. Looking forward, the paper examines some of the main challenges confronting the ECB …

data to precisely analyze how the vocal emo- tions and language of ECB President Mario Draghi affect the yields and yield … spreads of major euro area economies. This novel approach to central bank communication reveals that vocal and verbal emotions …

and monetary policy transmission in the Euro Area and the United States. While the U.S. financial system has long been … market-based, the Euro Area has experienced a striking expansion of NBFIs, which now account for a larger share of GDP than … in the U.S. While the sector has grown significantly, much of its capital is intermediated and allocated outside the EU …

the design of monetary policy. Second, monetary easing is somewhat dampened by the reduction in ECB's balance sheet. Third …In this paper, we review the recent economic outlook, policy decisions and communication of the ECB against the …, ECB has chosen to foreground uncertainty more explicitly in its public facing communication, potentially as a tool to …

the design of monetary policy. Second, monetary easing is somewhat dampened by the reduction in ECB's balance sheet. Third …In this paper, we review the recent economic outlook, policy decisions and communication of the ECB against the …, ECB has chosen to foreground uncertainty more explicitly in its public facing communication, potentially as a tool to …

purposes and of the ECB's foreign reserves. 2 The primary objective of the ESCB is to maintain price stability in the euro area …This is the third report on the climate-related financial disclosures of Eurosystem assets held for monetary policy …