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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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Exchange rates (daily parities) - 2025-07-11
Bridging the Gap in Macroeconomic Analysis of the Energy Transition: Combining Medium- and Long-Term Approaches
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h
Household disposable income
Share of household income available for consumption, investment or saving. It includes earned income net of social security contributions, unemployment benefit, retirement pensions, income from wealth, and social transfers and benefits, net of direct taxes.
k
Key interest rates
Interest rates set by the central bank of a country or monetary union. In the euro area, the European Central Bank sets three key interest rates: the deposit facility rate, the main refinancing operations rate, and the marginal lending facility rate.
n
Neutral rate
The theoretical level of the interest rate at which monetary inflation neither accelerates nor slows.