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Publications on Labour market

11 May 2022
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a conference organised by the Österreichische Vereinigung für Finanzanalyse und Asset Management
5 May 2022
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bruegel
1 May 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Adolfo Lorente and Manu Álvarez on 26 April
English
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21 March 2022
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 2, 2022
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Abstract
This box analyses the current labour market recovery using data from the ECB Consumer Expectations Survey (CES). The CES allows for unique insights into the expectations and perceptions of labour market participants in the largest six countries of the euro area. We show that discouragement and unemployment perceptions declined as labour market conditions improved, while job-to-job transitions increased and so did earnings expectations. Despite the severity of the COVID-19 crisis there is no strong evidence in CES survey responses of a substantial deterioration in skill match and job satisfaction.
JEL Code
E24 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital
J62 : Labor and Demographic Economics→Mobility, Unemployment, Vacancies, and Immigrant Workers→Job, Occupational, and Intergenerational Mobility
24 February 2022
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a virtual policy panel on “Unwinding QE” at the first annual Bank of England Agenda for Research (BEAR) conference
Annexes
24 February 2022
SPEECH
15 February 2022
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Martin Arnold on 14 February and published on 15 February
10 February 2022
THE ECB BLOG
Blog post by Philip R. Lane, Member of the Executive Board of the ECB[1]
Details
Summary
Looking at inflation dynamics, the relative price dislocations associated with bottlenecks are intrinsically short-term, Chief Economist Philip R. Lane writes in The ECB Blog. An increase in the relative price for a scarce item will stimulate new supply, while cooling demand.
3 February 2022
INTRODUCTORY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB
10 January 2022
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 8, 2021
Details
Abstract
Post-pandemic labour market developments in the United States and United Kingdom show that imbalances between labour demand and labour supply are causing a high and unusual tightness in the labour market for such an early stage in a recovery. This could translate into broad-based wage pressures, in turn posing a risk to inflation. Such pressures are becoming increasingly visible in the United States, but are less marked in the United Kingdom.
JEL Code
E24 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital
16 December 2021
INTRODUCTORY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 December 2021
11 November 2021
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 7, 2021
Details
Abstract
This box assesses labour supply developments during the COVID-19 pandemic. During the pandemic labour supply has fallen sharply. It has partially recovered, although it remains substantially below pre-pandemic levels. While labour force was initially affected in a similar way across the largest euro area countries, there was also some heterogeneity across countries and demographic groups. When taking the pre-pandemic trends into account, workers with a low and medium level of education as well as older workers explain the largest part of the current gap to the pre-pandemic trends. A full recovery of labour force participation to the rising pre-pandemic trend will likely be gradual.
JEL Code
E32 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Business Fluctuations, Cycles
J11 : Labor and Demographic Economics→Demographic Economics→Demographic Trends, Macroeconomic Effects, and Forecasts
J21 : Labor and Demographic Economics→Demand and Supply of Labor→Labor Force and Employment, Size, and Structure
28 October 2021
INTRODUCTORY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 28 October 2021
28 September 2021
SPEECH
Speech by Christine Lagarde, President of the ECB, at ECB Forum on Central Banking "Beyond the pandemic: the future of monetary policy"
1 June 2021
PRESS RELEASE
Related
1 June 2021
SURVEY ON THE ACCESS TO FINANCE OF ENTERPRISES IN THE EURO AREA
26 May 2021
PRESS RELEASE
26 April 2021
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the European Statistical Forum (virtual)
23 April 2021
PRESS RELEASE
1 April 2021
THE ECB BLOG
Blog post by Philip R. Lane, Member of the Executive Board of the ECB
Details
Summary
The recent volatility of inflation can largely be attributed to the nature of the pandemic shock, writes Chief Economist Philip R. Lane. The increase in inflation during early 2021 does not constitute the basis for a sustained shift in inflation dynamics.
8 March 2021
THE ECB BLOG
Blog post by Christine Lagarde, President of the ECB
Details
Summary
One year into the pandemic, we can clearly see that the social and economic impact of the virus is particularly hard for women, writes President Christine Lagarde. In response we must choose to challenge women’s roles at home, at work and in our society.
22 January 2021
PRESS RELEASE
Related
28 November 2020
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Petri Sajari on 24 November 2020
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24 November 2020
PRESS RELEASE
Related
24 November 2020
SURVEY ON THE ACCESS TO FINANCE OF ENTERPRISES IN THE EURO AREA
11 November 2020
SPEECH
Keynote speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking
30 October 2020
PRESS RELEASE
Related
21 October 2020
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB, on the occasion of the award of the Bernácer Prize to Professor Loukas Karabarbounis
18 October 2020
SPEECH
Contribution by Christine Lagarde, President of the ECB, during the session “Rebuilding and Sustaining Growth”
11 October 2020
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
7 October 2020
INTERVIEW
Interview with Christine Lagarde, President of the ECB
28 September 2020
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Annual Meeting 2020 of the Verein für Socialpolitik
22 September 2020
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the ECB Money Market Contact Group
20 September 2020
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020
English
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18 September 2020
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Jean-Pierre de La Rocque
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13 September 2020
SPEECH
Contribution by Christine Lagarde, President of the ECB during the session “Economic, financial and monetary impact of COVID-19 pandemic, and post-crisis options for policies and tools”
17 July 2020
PRESS RELEASE
14 June 2020
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by María Jesús Pérez on 9 June 2020 and published on 14 June 2020
English
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10 June 2020
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB at the Institute of International and European Affairs, Dublin, (by video conference)
10 June 2020
SPEECH
Remarks by Isabel Schnabel, Member of the Executive Board of the ECB, at an online seminar hosted by the Florence School of Banking & Finance
Annexes
10 June 2020
SPEECH
8 June 2020
PRESS RELEASE
8 May 2020
PRESS RELEASE
Related
8 May 2020
SURVEY ON THE ACCESS TO FINANCE OF ENTERPRISES IN THE EURO AREA
4 May 2020
PRESS RELEASE
9 April 2020
THE ECB BLOG
Blog post by Christine Lagarde, President of the ECB
Details
Summary
Our response to coronavirus is designed to reach the firms and families facing a steep loss of income and rising anxiety about the future, writes President Christine Lagarde. She adds that full alignment of fiscal and monetary policies is the best way to protect productive capacity and employment.
2 March 2020
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB, at the European Economics and Financial Centre
10 February 2020
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Andrés Stumpf on 6 February 2020 and published on 10 February 2020
English
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24 January 2020
PRESS RELEASE
28 November 2019
SPEECH
Remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the National Treasury Management Agency
22 November 2019
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Frankfurt European Banking Congress
16 October 2019
SPEECH
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at Brookings Institution in Washington DC
11 October 2019
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB, on the occasion of the award of the Bernácer Prize to Professor Gabriel Zucman
24 September 2019
SPEECH
Speech by Luis de Guindos, Vice-President of the ECB, at the ECB conference “Inflation in a changing economic environment”
16 September 2019
SPEECH
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bloomberg, London, 16 September 2019
Annexes
16 September 2019
SPEECH
7 September 2019
SPEECH
Panel contribution by Luis de Guindos, Vice-President of the ECB, at The European House-Ambrosetti Forum, Cernobbio, 7 September 2019
4 September 2019
SPEECH
Keynote lecture by Philip R. Lane, Member of the Executive Board of the ECB, at the 50th anniversary conference of The Money, Macro and Finance Research Group, London, 4 September 2019
4 July 2019
SPEECH
Welcome remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the ECB conference on “Challenges in the digital age”, Frankfurt, 4 July 2019
29 June 2019
SPEECH
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog, Königswinter, 29 June 2019
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10 June 2019
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB, during the Instituto de Empresa (IE) Business Leadership Forum at the IE Business School, Madrid, 10 June 2019
16 May 2019
SPEECH
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the 21st Geneva Conference on the World Economy, 16 May 2019
Annexes
16 May 2019
SPEECH
27 March 2019
SPEECH
Speech by Mario Draghi, President of the ECB, at the conference 'The ECB and Its Watchers XX', Frankfurt am Main, 27 March 2019
13 March 2019
SPEECH
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB Youth Dialogue Event, Bocconi University, 13 March 2019
Annexes
13 March 2013
SPEECH
20 February 2019
SPEECH
Presentation by Peter Praet, Member of the Executive Board of the ECB, at the Frankfurt Main Finance Breakfast, Frankfurt am Main, 20 February 2019
13 December 2018
INTRODUCTORY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 13 December 2018
16 November 2018
SPEECH
Speech by Mario Draghi, President of the ECB, Frankfurt European Banking Congress, Frankfurt am Main, 16 November 2018
17 October 2018
SPEECH
Speech by Peter Praet, Member of the Executive Board of the ECB, at the “la Caixa” Chair for Economics and Society conference, Madrid, 17 October 2018
15 October 2018
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB, at the Ist Edition of the Prize José Echegaray of elEconomista, Madrid, 15 October 2018
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4 October 2018
SPEECH
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at Les Champs du Possible, Châteaudun, 4 October 2018
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Annexes
4 October 2018
ANNEX
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20 September 2018
SPEECH
Speech by Peter Praet, Member of the Executive Board of the ECB, at the SUERF conference “Sustainable Policy Responses: EU and US Perspectives”, New York, 20 September 2018
17 September 2018
SPEECH
Presentation by Peter Praet, Member of the Executive Board of the ECB, to the Société Royale d’Economie Politique, Brussels, 17 September 2018
19 June 2018
SPEECH
Speech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 19 June 2018
4 May 2018
SPEECH
Speech by Vítor Constâncio, Vice-President of the ECB, at the Conference on “Central Banks in Historical Perspective: What Changed After the Financial Crisis?”, organised by the Central Bank of Malta, Valletta, 4 May 2018
19 March 2018
SPEECH
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Schweizerisch-Deutscher Wirtschaftsclub, Frankfurt am Main, 19 March 2018
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26 February 2018
SPEECH
Introductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 February 2018
Annexes
15 February 2018
SPEECH
Presentation by Peter Praet, Member of the Executive Board of the ECB, at the joint French Treasury / IMF conference entitled “Transforming France’s economy and completing the integration of the Eurozone”, Paris, 15 February 2018
1 February 2018
SPEECH
Speech by Peter Praet, Member of the Executive Board of the ECB, at the Cercle de Lorraine, Brussels, 1 February 2018
25 January 2018
INTRODUCTORY STATEMENT
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 25 January 2018