A lot has been said recently about the structural reasons for the productivity gap between Europe and the United States, notably in Mario Draghi’s recent report... https://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp241115~6463794e80.en.html

“Fiscal and structural policies should be aimed at making the economy moreproductive, competitive and resilient. That would help to raise potential growthand reduce price pressures in the medium term... https://www.ecb.europa.eu//press/key/date/2024/html/ecb.sp241107_1~cc24bbd9f6.en.pdf

This paper analyses how country-specific institutional quality shapes the impact of monetary policy on downside risks to GDP growth in the euro area... https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2989~15a3617c8c.en.pdf

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing additional details on the selection of Consolidated Tapes Providers (CTPs) for bonds and for shares and Exchange-Traded Funds ...more »

Between the fourth quarter of 2019 and the second quarter of 2024 labour productivity per hour worked increased by 0.9% in the euro area, whereas it increased by 6.7% in the United States. Labour productivity growth in the euro area has historically lagged ...more »

Euro area exporters have been going through a difficult period since the pandemic and have lost competitiveness in global trade. Over the past two decades, the euro area has experienced a gradual decline in its market share in global trade. This downward trend is not unique to the ...more »

Growth in the eurozone is sluggish, the German economy is contracting and inflation has been below 3% for six months. Are you not worried that you might stifle economic growth by keeping interest rates too high for too ...more »

Con il D.lgs. n. 207 del 7 dicembre 2023 è stato istituito il Comitato per le politiche macroprudenziali. Il decreto dà attuazione a una raccomandazione del Comitato europeo per il rischio sistemico (European Systemic Risk Board, ESRB), ...more »

We are at a turning point in the European monetary policy cycle. In June, the GoverningCouncil decided to cut the key ECB interest rates by 25 basis points after holding themat high levels for nine months. Turning points inevitably attract attention, and ...more »