Understanding the inflation–output relationship across business cycle phases
Full report
Reading view
More from source
More from European Central Bank (ECB)
European Central Bank (ECB)
European Central Bank (ECB)Jan 22, 2026
Financial stability risks from geoeconomic fragmentation
Macro
European Central Bank (ECB)
European Central Bank (ECB)Jan 22, 2026
Letter from the ECB President to Mr Bas Eickhout, MEP, on climate change and
Macro
European Central Bank (ECB)
European Central Bank (ECB)Jan 22, 2026
Environmental score and bond pricing: it better be good, it better be green
Macro

European Central Bank (ECB)Jan 15, 2026
Bulgaria adopts the euro
Macro

European Central Bank (ECB)Jan 15, 2026
The household saving rate
Macro