Thema Geldpolitik

ECB communications contain information that improves the forecasting of future monetary policy decisions

Die EZB-Statements liefern Hinweise, wie es mit den Leitzinsen im nächsten Monat weitergeht: Interview mit Kerstin Bernoth

EZB-Kommunikation birgt Informationen, die Prognose zukünftiger geldpolitischer Entscheidungen verbessert

Bitcoin yield is not suitable as a substitute for gold

Bitcoin-Rendite eignet sich nicht als Goldersatz

Bitcoin ist als Währungsreserve absolut ungeeignet: Interview mit Alexander Kriwoluzky

Euro Area Inflation Differentials: The Role of Fiscal Policies Revisited

Where Do They Care? The ECB in the Media and Inflation Expectations

This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, we measure the impact of ECB-related inflation news on inflation expectations. Our results indicate that German and Italian consumers are more attentive to this news, whereas in Spain ...

Was die Politik nicht schafft: Kapitalmärkte bringen Trump zur Räson: Kommentar

ECB Communication and Policy Responses: Being Effective in an Era of Disinflation and Economic Policy Uncertainty: In-Depth Analysis

This briefing report evaluates the ECB's monetary policy in a context of declining inflation and stagnant growth. Inflation risks have been averted and, after a period of relatively tight policy in 2024, benchmark comparisons indicate that the current interest rate is consistent with the ECB's mandate. The prevailing economic and inflation outlook supports further rate cuts. However, the high level ...