Debt issuance Fiscal rules Economic Risk Analysis Matthieu Bellon Matthias Gnewuch Spillover effects of debt issuance and the importance of fiscal rules
Competitiveness Fiscal policy R&D Economic Risk Analysis Silvia Calò Robert Kraemer Francesco Tomasone The innovation channel of fiscal consolidation
Climate change Risks Financial stability Economic Risk Analysis Economic and Market Analysis Matthieu Bellon Martin Iseringhausen Bernhard Mayr Assessing climate risks at the ESM New
Interest rates Debt sustainability Bonds Financial markets Economic Risk Analysis Economic and Market Analysis Ermal Hitaj Gergely Hudecz Alexandre Lauwers Higher interest rates attract investors to euro area sovereign debt but pose challenges for public finances
Inflation Inequality Fiscal policy Chief Economist Department Economic Risk Analysis Matthieu Bellon Matthias Gnewuch Building resilience in times of inflation-induced inequality
Debt sustainability Budgetary revenues Inflation Tax revenues Chief Economist Department Economic Risk Analysis Silvia Calò Robert Kraemer Kamila Sławińska How much of last year’s unexpected revenue boon is explained by inflation?