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Monetary Policy committees meetings and outcomes

Berk, Jan Marc; Bierut, Beata K. - European Central Bank - 2009

Monetary Policy Committees differ in the way the interest rate proposal is preparedand presented in the policy meeting. In this paper we show analytically how differentarrangements could affect the voting behaviour of individual MPC members andtherefore policy outcomes. We then apply our results...

Persistent link: https://www.econbiz.de/10005866511

Aggregated results of SREP 2023

European Central Bank - 2023

The 2023 Supervisory Review and Evaluation Process (SREP) for banks supervised by the ECB took place during a period of uncertainty about both the economic outlook and the dynamics in financial markets. The banking sector continues to show strength. It has maintained robust capital and liquidity...

Persistent link: https://www.econbiz.de/10015278881

Aggregated results of SREP 2022

European Central Bank - 2023

The 2022 Supervisory Review and Evaluation Process (SREP) was carried out against the backdrop of the current economic conditions and dynamics in financial markets. This report summarises the outcome of the 2022 SREP cycle. It covers the assignment of SREP scores to banks' overall risk profiles...

Persistent link: https://www.econbiz.de/10015279628

Why has broad money demand been more stable in the euro area than in other economies? A literature review

Calza, Alessandro; Sousa, João - European Central Bank - 2003

JEL Classification: E41, C22, C32

Persistent link: https://www.econbiz.de/10005530979

Is the demand for euro area M3 stable?

Warne, Anders; Bruggeman, Annick; Donati, Paola - European Central Bank - 2003

JEL Classification: C22, C32, E41

Persistent link: https://www.econbiz.de/10005531005

Aggregation, the skill premium, and the two-level production function

León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - European Central Bank - 2011

We examine the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes. We propose a normalized system estimation method to retrieve estimates of the inter- and intra-class elasticities of substitution and...

Persistent link: https://www.econbiz.de/10009371718

Understanding and forecasting aggregate and disaggregate price dynamics

Bermingham, Colin; D’Agostino, Antonello - European Central Bank - 2011

The issue of forecast aggregation is to determine whether it is better to forecast a series directly or instead … results, it is generally accepted that forecast aggregation is an empirical issue. Empirical results in the literature often … go unexplained. This leaves forecasters in the dark when confronted with the option of forecast aggregation. We take our …

Persistent link: https://www.econbiz.de/10009228752

Does it matter how aggregates are measured? The case of monetary transmission mechanisms in the euro area

Beyer, Andreas; Juselius, Katarina - European Central Bank - 2010

Beyer, Doornik and Hendry (2000, 2001) show analytically that three out of four aggregation methods yield problematic … the choice of aggregation method. JEL Classification: C32, C42, E41 …

Persistent link: https://www.econbiz.de/10008480911

Trade adjustment in the European Union - a structural estimation approach

Corbo, Vesna; Osbat, Chiara - European Central Bank - 2013

We estimate the elasticity of substitution of a country’s imports, and that of its exports on the world market, for EU countries using sector level trade data. We present a new empirical strategy based on the identification scheme by Feenstra (1994), which enables the estimation of...

Persistent link: https://www.econbiz.de/10010686740

Guide on effective risk data aggregation and risk reporting : May 2024

European Central Bank - 2024

The ability of institutions to effectively manage and aggregate risk-related data is an essential precondition for sound decision-making and strong risk governance. This applies to any data used to steer and manage institutions, both strategically and operationally, as well as data used for...

Persistent link: https://www.econbiz.de/10015277955