We compare the labour market response to region-specific shocks in Europe and the US and to national shocks in Europe …-specific variables and the country factors. We find that both in Europe and the US labour mobility accounts for about 50% of the long run … adjustment to region-specific labour demand shocks and only a little more in the US than in Europe, where adjustment takes twice …

This paper provides a first empirical analysis of the impact of the European Central Bank's (ECB's) climate …

sector's solvency. This paper provides the first empirical analysis of forbearance in Europe, using the adjustment of … forbearance. Our results highlight weak macro-economic conditions, lax bank supervision and individual bank weakness as the key …

The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial …

The ECB's annual report on financial integration in Europe contributes to the advancement of the process of European …

The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial … Europe, especially in the euro area, as reflected in the Eurosystem's mission statement. Financial integration fosters a …

protection in Europe. Increased economic exposure and the growing frequency and severity of natural catastrophes linked to … climate change have been driving up the cost of natural catastrophes in Europe. Between 1981 and 2023, natural catastrophes … widen further due to the increasing risk posed by climate change. Europe is the fastest-warming continent in the world and …

resilience of the economy to shocks. This makes structural reforms relevant for any central bank, but especially in a monetary …