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Evaluating the Financial Instability Hypothesis : A Positive and Normative Analysis of Leveraged Risk-Taking and Extrapolative Expectations
Seminar
When does Monetary Policy Matter? Not all Policy Statements are Alike
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Income Smoothing in Europe: A Multi-Speed Process
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Financial market infrastructures, payment systems
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Exchange rates (daily parities) - 2025-07-04
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2nd of July 2025
2nd of July 2025
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Macroeconomic interim projections – March 2025
12th of March 2025
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ECB’s Governing Council updates its monetary policy strategy
30th of June 2025
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25th of June 2025
23rd of June 2025
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19th of June 2025
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h
Harmonised Index of Consumer Prices (HICP)
A price index with a definition and methodology harmonised across the European Union, allowing for comparisons between countries.
u
Underlying inflation
A measure of inflation that provides a fundamental trend in price developments. It reflects the deep evolution in production costs and the match between supply and demand. Underlying inflation is therefore more appropriate for analysing inflationary pressures, as it is less affected by exogenous factors.
m
Median
A value that divides a distribution into two equal parts. For example, in a distribution of wages, 50% of wages are below the median value and 50% are above it.