Politica monetaria
Sami Alpanda and Serdar Kabaca, “Portfolio Rebalancing Channel and the Effects of Large-Scale Stock and Bond Purchases”
Bank of Canada, Working paper n° 2025-38
Posted in: Articolo
Feb
26
2026
Abstract: We quantify the effects of large-scale stock purchases by a central bank and compare these to bond purchases, using an estimated dynamic stochastic general equilibrium macro-finance model with nominal and real rigidities and portfolio rebalancing effects. The latter arise from imperfect substitutability between stocks ...more »
Tagged width: banking, capital markets, politica monetaria
Sandra Batten and Stephen Millard, “Productivity implications of the move to net zero”
Bank of England, Working Paper n° 1171
Posted in: Articolo
Feb
26
2026
Abstract: In this paper, we use a dynamic general equilibrium model to examine the effect of the move to net zero in the United Kingdom on productivity. One argument is that the transition is likely to be productivity-reducing, as it will involve a move from ...more »
Tagged width: capital markets, politica monetaria
Pablo Garcia, Pascal Jacquinot, Črt Lenarčič, Kostas Mavromatis, Niki Papadopoulou and Edgar Silgado-Gómez, “GREEN TRANSITION IN THE EURO AREA: DOMESTIC AND GLOBAL FACTORS”
BANCO DE ESPAÑA, Working paper n° 2537
Posted in: Articolo
Gen
29
2026
Abstract: We explore the macroeconomic effects of climate policies promoting the green energy transition in the euro area using an extended version of the Euro Area and Global Economy (EAGLE) model. The model differentiates between brown and green energy sectors and incorporates carbon taxes and ...more »
Tagged width: capital markets, eurozone, politica monetaria
Towards a new Eurosystem balance sheet
Posted in: News
Nov
07
2025
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets 2025 https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp251106~1133f93311.en.html
Tagged width: ecb, politica monetaria
Monetary policy decisions
Posted in: News
Ott
31
2025
The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation remains close to the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged. The economy has continued to grow despite the challenging global environment. ...more »
Tagged width: ecb, eurozone, politica monetaria
Ott
18
2025
La Banca d’Italia diffonde le proiezioni macroeconomiche per l’Italia nel triennio 2025-27. Le proiezioni sono elaborate dagli esperti della Banca d’Italia e sono basate sulle informazioni disponibili al 10 ottobre… https://www.bancaditalia.it/media/notizia/proiezioni-macroeconomiche-per-l-italia-ottobre-2025/?com.dotmarketing.htmlpage.language=102
Tagged width: banking, politica monetaria
PRESS CONFERENCE
Posted in: News
Set
13
2025
Christine Lagarde, President of the ECB,Luis de Guindos, Vice-President of the ECB Frankfurt am Main, 11 September 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250911~a13675b834.en.html
Tagged width: ecb, politica monetaria
Set
07
2025
Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament https://www.ecb.europa.eu//press/key/date/2025/html/ecb.sp250904~70ab593276.en.html
Tagged width: ecb, eurozone, politica monetaria
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Balázs Korányi and Francesco Cánepa on 12 June 2025
Posted in: News
Giu
16
2025
The projections provide the key to understanding our policy decision. It’s almost a cliché now but the level of uncertainty is huge. So much so, we published alternative scenarios. The key differences in the scenarios relate to trade policy. In the baseline, we assume no ...more »
Tagged width: ecb, politica monetaria
Mag
27
2025
Speech by Christine Lagarde, President of the ECB, at an event on Europe’s role in a fragmented world organised by Jacques Delors Centre at Hertie School in Berlin, Germany https://www.ecb.europa.eu//press/key/date/2025/html/ecb.sp250526~d8d4541ce5.en.html
Tagged width: ecb, eurozone, politica monetaria
