Playing with a squared ball: the financial literacy gender gap

There is a persistent financial literacy gender gap. Out of the nine questions we asked to assess the level of financial literacy, the mean number of correct responses from women was 3.7 (median 4), while that of men was 4.5 (median 5).

US immaculate disinflation: How much should we thank the Fed for?

Half of the decline in US inflation since last year is the making of the Fed. The fall of inflation to 3% in June has cheered markets by strengthening the argument that the US economy can achieve a soft landing, avoiding a recession and normalizing inflation. 

Back to the beach: Tourism rebound in Southern Europe?

Will surging travel prices wash out Southern Europe’s all-important summer season? Beach holidays are the top choice for leisure trips (30.3%) but 41% of European travelers expect to spend more than EUR1,500 on their holidays this summer, up from 33% last year. 

A new Eurozone doom loop?

Over the last four years, Eurozone sovereign exposures to the corporate sector have exceeded 20% of GDP. While support measures have helped keep vulnerable firms afloat, there has been considerable economic scarring – and the risk of higher corporate defaults continues to rise.

European Retail: a cocktail of lower spending and tighter funding

One year on since Russia’s invasion of Ukraine, retail sales in Europe have proven more resilient than expected despite record-high inflation and poor consumer confidence.

Eurozone convergence: two steps forward, one step back

The European Commission’s new Economic Security Strategy could not have come sooner, with its focus on boosting Europe’s competitiveness and deepening the Single Market as essential elements for safeguarding the bloc’s economic security. 

More emissions than meet the eye: Decarbonizing the ICT sector

More emissions than meet the eye: Even without taking into account the cryptocurrency boom, the global ICT sector emits as much greenhouse gases as the aviation sector. The information and communications technologies (ICT) sector drives economic growth, enables digital transformation, fosters innovation and promotes global collaboration and connectivity.

De-dollarization? No so fast…

Recent efforts by some emerging market (EM) countries to diversify their currency reserves away from the US dollar have raised questions about the beginning of the end of USD dominance. 

Toasted, roasted and grilled? Walking the talk on green monetary policy

At this week’s ECB Forum on Central Banking in Sintra, climate change risks and their impact on monetary policy will feature prominently on the agenda. One of the awarded academic papers investigates how the transition to a net-zero emissions economy can affect the transmission of monetary policy.