Volume 22, Issue 4

(When) Do Banks React to Anticipated Capital Reliefs?

Guillaume Arnould, Benjamin Guin, Steven Ongena and Paolo Siciliani

Understanding the Joint Dynamics of Inflation and Wage Growth in the Euro Area

Vahagn Galstyan

What Drives Euro-Area Financial Markets? The Role of U.S. Spillovers and Global Risk

Lennart Brandt, Arthur Saint Guilhem, Maximilian Schröder and Ine Van Robays

Monetary Policy Strategies to Navigate Post-Pandemic Inflation: An Assessment Using the ECB’s New Area-Wide Model

Matthieu Darracq Pariès, Antoine Kornprobst and Romanos Priftis

ECB Euro Liquidity Lines

Silvia Albrizio, Iván Kataryniuk, Luis Molina and Jan Schäfer

A Business Conditions Real-Time Measure of Output Gap Deviations

Alex Ilek and Yuval Mazar

“El Niño” and “La Niña”: Revisiting the Impact on Food Commodity Prices and Euro-Area Consumer Prices

Fructuoso Borrallo, Lucía Cuadro-Sáez, Corinna Ghirelli and Javier J. Pérez

Low for Long: Could Extended Periods of Ultra-low Monetary Policy Rates Have Harmful Effects?

Etibar Jafarov and Enrico Minnella