efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock … ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …

We test for bias and efficiency of the ECB inflation forecasts using a confidential dataset of ECB macroeconomic … distinguishing whether the inflation observed by the ECB at the time of forecasting is above or below the target. The forecasts are … unbiased and efficient on average, however there is evidence of state dependence. In particular, the ECB tends to overpredict …

We test for bias and efficiency of the ECB inflation forecasts using a confidential dataset of ECB macroeconomic … distinguishing whether the inflation observed by the ECB at the time of forecasting is above or below the target. The forecasts are … unbiased and efficient on average, however there is evidence of state dependence. In particular, the ECB tends to overpredict …

start of the ECB’s Public Sector Purchase Programme (PSPP). Our results show that (i) lower yield levels and (ii) PSPP … economic implications of public debt management during the PSPP and its relevance for monetary policy transmission …

importance of the ECB combining a risk-based and forward-looking ‘judgement’ based approach to supervision …

This article analyses the new challenges that the ECB faces in implementing its monetary policy and asks to what extent …, itself weigh in on monetary policy. Neither approach, we argue, can improve the tenuous democratic legitimacy of the ECB in … judicial review can help address these. The ECB mandate provides no clear guidance for many of the ECB’s recent challenges …

Most meetings of the Governing Council of the ECB take place intra muros at the ECB's premises in Frankfurt. Some … high-frequency surprises from meeting days to show that the standard deviation of surprises is higher when the ECB meets … muros. In addition, when the meeting takes place extra muros, the wording of the ECB communication during the press …