This study provides an overview of the effect of the decline in the number of farms across the EU on the European farming model (EFM), which is built around the notion of multifunctionality and provision of public goods by agriculture. It concludes that in order to foster sustainability and resi...
How do banks respond to changes in capital requirements as a result of the stress tests? Does the disclosure of stress test results matter? To answer these questions, we study the impact of European stress tests on banks' lending, their corresponding risk-taking, the ensuing effect on their prof...
This briefing paper investigates the practice of close cooperation and examines the banking system performance in Bulgaria and Croatia. The factors that could pose risks to Bulgarian and Croatian banks are identified. This document was prepared by the Economic Governance Support Unit at the requ...
We estimate the response of product-level retail prices to changes in the corporate tax rates paid by wholesale producers (pass-through). Under perfect competition in goods and factor markets, pass-through of corporate taxes should be zero, and their incidence mainly falls on factor prices. We u...
The close cooperation arrangement for Bulgaria and Croatia poses challenges for the ECB that we discuss in terms of existing and emerging risks and vulnerabilities in the two banking sectors. The focus is on three risk areas: money laundering, climate change risk, and geopolitical tensions relat...
Diese Publikation handelt von der Europäischen Union (EU). Die EU beeinflusst unser Leben vielfältig: beim Arbeiten und beim Reisen, beim Studieren und in der Währung, beim Umweltschutz und beim Einkaufen, beim Essen und beim Trinken. Die Corona-Pandemie hat seit 2020 gezeigt, wie eng wir in der...