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The European Central Bank (ECB) is the central bank of the European Union, which is responsible for the monetary policy of the Eurozone. The ECB is an independent institution, which works to ensure price stability in the Eurozone, and to promote economic growth and financial stability. The ECB sets the interest rates for the Eurozone, and is responsible for the issuance of the Euro currency. The ECB is headed by a President and is responsible to the European Parliament. The ECB also works in partnership with the national central banks of the Eurozone countries. The ECB has become increasingly influential in recent years, as it has had to take on a greater role in the management of the Eurozone crisis. The ECB publishes regular press releases and holds regular press conferences, to keep the media and public informed about its decisions and activities. The ECB also produces regular economic reports, which provide an overview of the Eurozone economy and monetary policy. The ECB also regularly produces videos and articles about the Eurozone economy and monetary policy. These videos and articles provide an insight into the work of the ECB, and can help to explain the decisions and actions of the ECB.
João Amador, Joana Garcia, Arnaud Mehl and Martin Schmitz in this ECB paper look at dominance of US Dollar in services trade: We analyze, for the first time, how firms choose the currency in which they price transactions in international trade of services and investigate, using direct evidence, whether the US dollar (USD) plays a…
Ferdinand Dreher of ECB in this article looks at people's trust in the central bank On aggregate, according to the Eurobarometer, trust in the ECB held up relatively well during the pandemic and in the period of heightened inflation thereafter. Average trust across euro area countries declined significantly during the global financial crisis and the sovereign…
This week has brought something of a confession from the European Central Bank. It relates to something that they and the Euro area establishment have kept out of their official inflation measure for 25 years now. It is owner occupied housing costs and they matter a lot which from time to time they confess as…