Publications75 Annual reports Working papers Discussion Papers Conference proceedings Evaluations ESG Other publications ESM 75 15/01/2026 Working papers The innovation channel of fiscal space New ESM 74 15/12/2025 Working papers The macroeconomic effects of extreme weather events in Spain: a high-frequency, regional approach ESM 73 24/10/2025 Working papers Spending composition and fiscal consolidation: Enhancing resilience in the face of economic shocks ESM 72 16/06/2025 Working papers Regime-based portfolio optimisation: A Hidden Markov Model approach for fixed income portfolios ESM 71 10/06/2025 Working papers The Unilateral Issuance Framework for the European Stability Mechanism and the European Commission 70 07/04/2025 Working papers Concessional credit lines for sovereigns in financial distress ESM 69 21/02/2025 Working papers Asset-Quality-at-Risk ESM 68 12/02/2025 Working papers A survey-based measure of asymmetric macroeconomic risk in the euro area More content is coming your way
ESM 74 15/12/2025 Working papers The macroeconomic effects of extreme weather events in Spain: a high-frequency, regional approach
ESM 73 24/10/2025 Working papers Spending composition and fiscal consolidation: Enhancing resilience in the face of economic shocks
ESM 72 16/06/2025 Working papers Regime-based portfolio optimisation: A Hidden Markov Model approach for fixed income portfolios
ESM 71 10/06/2025 Working papers The Unilateral Issuance Framework for the European Stability Mechanism and the European Commission
ESM 68 12/02/2025 Working papers A survey-based measure of asymmetric macroeconomic risk in the euro area
