Publications & Research

All Publications & Research 2025


Type Title Authors Date
Economic Update Economic Update 12/2025 Central Bank of Malta 29 December 2025
Outlook 2025:4 - Box 2 The fiscal and macroeconomic effects of the parent income tax reform Glenn AbelaIan DebattistaNoel Rapa 19 December 2025
Outlook 2025:4 - Box 1 The impact of Budget 2026 targets on the Bank’s fiscal projections Jessica Pace, John Farrugia 19 December 2025
Outlook for the Maltese Economy Outlook 2025:4 Central Bank of Malta 19 December 2025
Report The dynamics of sovereign debt spreads: A comparative study of core and peripheral euro area economies Kimberley C. Agius, Christopher Aquilina, Maria Micallef 15 December 2025
Policy Note 04/2025 Did the early pension deferral scheme lengthen careers in Malta? Aaron G. Grech 2 December 2025
Report Emerging Market Debt: Performance, risks and global drivers Nathan Magro 1 December 2025
Research Bulletin - Article Short-run spillover effects of climate shocks to small open economies: An empirical investigation Theodossios Drossidis 28 November 2025
Research Bulletin - Article A supply-side model of the Maltese economy Jacopo Zacché 28 November 2025
Research Bulletin - Article Conventional monetary policy and wealth fluctuations in Malta Valentina Antonaroli, Germano Ruisi 28 November 2025
Research Bulletin - Article Fiscal drag in Malta 2017-2025: A microsimulation analysis Glenn Abela, Ian Debattista 28 November 2025
Research Bulletin - Article Crumbs make a loaf using product price data to nowcast food inflation Sarah Spiteri, Massimo Giovannini, Umberto Collodel 28 November 2025
Research Bulletin Research Bulletin 2025 Central Bank of Malta 28 November 2025
Economic Update Economic Update 11/2025 Central Bank of Malta 27 November 2025
Discussion Paper 6/25 The Maltese aircraft registry in focus: Global reach and carbon footprint Kurt Sant 25 November 2025
Interim FSR 2025 - Box 4 Macroeconomic drivers of insurance premia in Malta Luana Camilleri 21 November 2025
Interim FSR 2025 - Box 3 The evolution of payments transactions by licensed institutions Andrew Spiteri 21 November 2025
Interim FSR 2025 - Box 2 A credit risk-based clustering approach for banks in Malta Michele Andreani, William Gatt Fenech 21 November 2025
Interim FSR 2025 - Box 1 Impact of CRR3 on Maltese banks' risk weights Dominique Tanti 21 November 2025
Interim FSR Interim FSR 2025 Central Bank of Malta 21 November 2025
Quarterly Review 2025:4 - Article EU trade relations with the United States Lorraine Bonavia 18 November 2025
Quarterly Review 2025:4 - Box 3 An analysis of credit transfers in Malta - 2024 Victoria Briffa 18 November 2025
Quarterly Review 2025:4 - Box 2 The interplay of reforms and foreign labour inflows in driving labour supply growth in Malta Aaron G. Grech 18 November 2025
Quarterly Review 2025:4 - Box 1 ECB Monetary Policy Strategy Review 2025 Silvio Vella 18 November 2025
Quarterly Review Quarterly Review 2025:4 Central Bank of Malta 17 November 2025
WP/07/2025 A credit risk-based clustering approach for banks in Malta Michele Andreani, William Gatt 6 November 2025
Economic Update Economic Update 10/2025 Central Bank of Malta 29 October 2025
Discussion Paper 5/25 The length of stay of foreign workers in Malta: An update Ian Borg 23 October 2025
Business Dialogue 2025:4 - Box 1

Persistent labour shortages and emerging workforce strategies

Warren Deguara, Eliza Farrugia, Christine BorgAngelica Gennaro 16 October 2025
Business Dialogue CBM Business Dialogue 2025:4 Central Bank of Malta 16 October 2025
WP/06/2025 Details matter: loan pricing and transmission of monetary policy in the euro area Massimo Giovannini & co-authors 2 October 2025
Economic Update Economic Update 9/2025 Central Bank of Malta 29 September 2025
Economic Update Economic Update 8/2025 Central Bank of Malta 29 August 2025
Outlook 2025:3 - Box 2

The net expenditure path

John Farrugia 19 August 2025
Outlook 2025:3 - Box 1

Inflation in passenger transport by air

Maria Christine Saliba, Eliza Farrugia 19 August 2025
Outlook for the Maltese Economy Outlook 2025:3 Central Bank of Malta 19 August 2025
WP/05/2025 Identifying macrofinancial risk regimes in Malta William Gatt, Sarah Vella 11 August 2025
Economic Update Economic Update 7/2025 Central Bank of Malta 30 July 2025
Quarterly Review 2025:3 - Box 6

Market for Malta Government Stocks: 2024 in review

Kimberley C. Agius, Emmanuel Farrugia 29 July 2025
Quarterly Review 2025:3 - Box 5

Liquidity conditions and monetary policy operations from maintenance period 1 to maintenance period 8 of 2024

Ritlen Abela 29 July 2025
Quarterly Review 2025:3 - Box 4

Overview of the financial assets and liabilities of the Maltese economy by institutional sector

Kimberly Vatter, Janica Borg 29 July 2025
Quarterly Review 2025:3 - Box 3

Survey on the access to finance of enterprises (SAFE) 2024: Key insights for SMEs

Sandra Zerafa 29 July 2025
Quarterly Review 2025:3 - Box 2

The usage of cheques in Malta

Silvienne Cassar 29 July 2025
Quarterly Review 2025:3 - Box 1

EU and Malta's trade with China

Lorraine Bonavia 29 July 2025
Quarterly Review Quarterly Review 2025:3 Central Bank of Malta 28 July 2025
Business Dialogue 2025:3 - Box 1

Expected impact of global tariffs

Warren Deguara, Eliza Farrugia, Christine BorgLiam MicallefAngelica Gennaro 24 July 2025
Business Dialogue CBM Business Dialogue 2025:3 Central Bank of Malta 24 July 2025
Policy Note 03/2025 The economic impact of Malta's 2025 personal income tax reform Glenn Abela, Ian Debattista 17 July 2025
WP/04/2025 Where does Malta’s P2P rental market fit? A case study for 2023 Sarah Spiteri 17 July 2025
Discussion Paper 4/25 Energy subsidies in Malta: Estimating the effects of current policies and hypothetical exit strategies Noel Rapa 16 July 2025
Policy Note 02/2025 Firms' contribution to a carbon neutral economy - Evidence from a survey amongst Maltese firms Warren Deguara 8 July 2025
Discussion Paper 3/25 Interpreting recent developments in poverty and social exclusion in Malta Aaron G. Grech 8 July 2025
FSR 2024 - Box 6 The policy case for an extension of the sectoral systemic risk buffer Mariah Dimech 2 July 2025
FSR 2024 - Box 5 Analysing Directive 16, first insights from data Sarah Vella, Matteo Panfilo 2 July 2025
FSR 2024 - Box 4 Update to expected credit loss model David Stephen Law, Kanan Musayev 2 July 2025
FSR 2024 - Box 3 An analysis of bank-financed commercial real estate in Malta Ariana Bartolo, Shaun Zafferese 2 July 2025
FSR 2024 - Box 2 How green are Maltese banks' portfolios? Andrew Spiteri, Stefan Scerri 2 July 2025
FSR 2024 - Box 1 Insights from the Bank Lending Survey Ariana Bartolo, Shaun Zafferese 2 July 2025
FSR 2024 - Special Feature Cyclical risk dynamics William Gatt Fenech, Christian Mamo 2 July 2025
FSR Financial Stability Report 2024 Central Bank of Malta 2 July 2025
Economic Update Economic Update 6/2025 Central Bank of Malta 27 June 2025
CRFDR Climate-Related Financial Disclosures Report 2025 Central Bank of Malta 12 June 2025
Outlook 2025:2 - Box 2 Composition of government capital expenditure John Farrugia, Jessica Pace 6 June 2025
Outlook 2025:2 - Box 1 US Tariffs - Malta's exposure and macroeconomic implications Nathaniel Debono, Abigail Marie Rapa, Lynn Cumbo 6 June 2025
Outlook for the Maltese Economy Outlook 2025:2 Central Bank of Malta 6 June 2025
Economic Update Economic Update 5/2025 Central Bank of Malta 28 May 2025
Quarterly Review 2025:2 - Box 3 The transition between the Consolidated Fund and the general government balance Laura Bigeni 14 May 2025
Quarterly Review 2025:2 - Box 2 Fiscal developments in Malta during 2024 Jessica Pace 14 May 2025
Quarterly Review 2025:2 - Box 1 Assessing the Impact of GDP Revisions: A Comparative Analysis of Pre- and Post-Revision Data Eliza Farrugia 14 May 2025
Quarterly Review Quarterly Review 2025:2 Central Bank of Malta 14 May 2025
Report Analysis of cash usage, preferences and perceptions on euro banknotes of the Maltese public Julian Carl Borg, Nicole Buttigieg 14 May 2025
Policy Note 01/2025 The native Maltese population: Projections and implications on the labour supply Lynn Cumbo 12 May 2025
AR 2024 - Box 3

The sustainability of Maltese government debt

Ian Debattista, John Farrugia 30 April 2025
AR 2024 - Box 2

Economic Projections

Central Bank of Malta 30 April 2025
AR 2024 - Box 1

Chronology of ECB monetary policy decisions in 2024

Central Bank of Malta 30 April 2025
Annual Report Annual Report 2024 Central Bank of Malta 30 April 2025
Economic Update Economic Update 4/2025 Central Bank of Malta 30 April 2025
Business Dialogue 2025:2 - Box 1 Sector specific analysis - Retail trade Warren DeguaraEliza Farrugia, Christine Borg 25 April 2025
Business Dialogue CBM Business Dialogue 2025:2 Central Bank of Malta 25 April 2025
WP/03/2025 Analysis of the payment habits in Malta Stefano Savo, Brenda Lee Galea 4 April 2025
Economic Update Economic Update 3/2025 Central Bank of Malta 28 March 2025
Discussion Paper 2/25 An in-depth analysis of Malta's air connectivity in 2024 Kurt Sant 18 March 2025
Outlook 2025:1 - Box 2 Outlook for long-term potential output Lynn Cumbo 14 March 2025
Outlook 2025:1 - Box 1 Household disposable income and saving rate - New measure and a comparison with the European Union Abigail Marie Rapa 14 March 2025
WP/02/2025 Wealth transfers and homeownership in Malta Valentina Antonaroli, Warren Deguara, Valerio Sergio Castaldo 14 March 2025
WP/01/2025 Market-based monetary policy uncertainty shocks in the euro area Umberto Collodel, Vanessa Kunzmann 13 March 2025
Outlook for the Maltese Economy Outlook 2025:1 Central Bank of Malta 11 March 2025
Economic Update Economic Update 2/2025 Central Bank of Malta 28 February 2025
Discussion Paper 1/25 Understanding recent labour supply dynamics in Malta Aaron G. Grech 14 February 2025
Quarterly Review 2025:1 - Box 3 Evaluating the impact of tax rebates and exemptions on the financial well-being of pensioners Kurt Sant 3 February 2025
Quarterly Review 2025:1 - Box 2 Inflation persistence over time: Developments and contributing factors Germano Ruisi 3 February 2025
Quarterly Review 2025:1 - Box 1 The evolution of the labour income share in Malta Nathaniel Debono 3 February 2025
Quarterly Review Quarterly Review 2025:1 Central Bank of Malta 3 February 2025
Economic Update Economic Update 1/2025 Central Bank of Malta 28 January 2025
Business Dialogue 2025:1 - Box 1 Analysis of profit trends in Maltese companies (2023-2024) Warren Deguara, Martina Cassar, Eliza Farrugia, Christine Borg 27 January 2025
Business Dialogue CBM Business Dialogue 2025:1 Central Bank of Malta 24 January 2025
Report Factors affecting the bond-equity correlation Maria Dimech, Audrin Tanti 6 January 2025