Diskussionspapiere
Die Diskussionspapiere mit ökonomischen Studien oder Finanz- und Bankenstudien werden vom Forschungszentrum der Bundesbank erarbeitet.
Abonnieren Sie den Newsletter für Diskussionspapiere
-
The impact of climate policies on financial markets: Evidence from the EU Carbon Border Adjustment Mechanism Discussion paper 14/2025: Mengjie Shi, Yupu Zhang, Christoph Meinerding
Is climate policy costly for firms? The academic literature has not come up with consistent evidence so far. New research evaluating recent changes in EU legislation suggests that European carbon pricing has finally started to bite.
-
The financial instability – Monetary policy nexus: Evidence from the FOMC minutes Discussion paper 13/2025: Dimitrios Kanelis, Lars H. Kranzmann, Pierre L. Siklos
-
A KISS for central bank communication in times of high inflation Discussion paper 12/2025: Mathias Hoffmann, Emanuel Moench, Lora Pavlova, Guido Schultefrankenfeld
-
Climate stress test for the German banking sector: Impact of the green transition on corporate loan portfolios Discussion paper 11/2025: Christian Gross, Laura-Chloé Kuntz, Simon Niederauer, Lena Strobel, Joachim Zwanzger
-
Disentangling supply-side and demand-side effects of uncertainty shocks on U.S. financial markets: Identification using prices of gold and oil Discussion paper 10/2025: Timo Bettendorf
-
Consistent commercial real estate market indicators: Methodology and an application to the German office market Discussion paper 09/2025: Thomas A. Knetsch, Martin Micheli, Phil Kafke, Mario Schimmelpfennig
-
Revisions in concurrent seasonal adjustments of daily and weekly economic time series Discussion paper 08/2025: Karsten Webel
-
Modeling the term structure Discussion paper 07/2025: Christoph Memmel, Lotta Heckmann-Draisbach
-
Monetary policy, central bank information, and bank lending: Evidence from German banks Discussion paper 06/2025: Sophia List, Norbert Metiu
-
Bank lending and firm internal capital markets following a deglobalization shock Discussion paper 05/2025: Björn Imbierowicz, Arne Nagengast, Esteban Prieto, Ursula Vogel
-
Pro-cyclical emissions, real externalities, and optimal monetary policy Discussion paper 04/2025: Francesco Giovanardi, Matthias Kaldorf
-
Trade dynamics under geopolitical risk Discussion paper 03/2025: Makram Khalil, David Osten, Felix Strobel
-
Cap and Trade versus tradable performance standard: A comparison for Europe and China Discussion paper 02/2025: Peter Burgold, Anne Ernst, Natascha Hinterlang, Marius Jäger, Nikolai Stähler
-
Stuck in a marriage: Labor market shocks, divorce and intra-household reallocation Discussion paper 01/2025: Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori Wakabayashi
-
Banks’ foreign homes Discussion paper 46/2024: Kirsten Schmidt, Lena Tonzer
974 KB, PDF
-
Macroeconomic and financial effects of natural disasters Discussion paper 45/2024: Sandra Eickmeier, Josefine Quast, Yves Schüler
991 KB, PDF
-
The optimal inflation target: Bridging the gap between theory and policy Discussion paper 44/2024: Klaus Adam, Henning Weber
792 KB, PDF
-
The ECB’s climate activities and public trust Discussion paper 43/2024: Sandra Eickmeier, Luba Petersen
2 MB, PDF
-
What moves households’ expectations during a crisis? Evidence from a randomized information experiment Discussion paper 42/2024: Norbert Metiu, Valentin Stockerl
1 MB, PDF
-
Who pays the greenium and why? A decomposition Discussion paper 41/2024: Daniel Fricke, Christoph Meinerding
-
Relative monetary policy and exchange rates Discussion paper 40/2024: Sören Karau
1 MB, PDF
-
Benchmarking short term forecasts of regional banknote lodgements and withdrawals Discussion paper 39/2024: Benedikt Sonnleitner, Jelena Stapf, Kai Wulff
695 KB, PDF
-
Constructing fan charts from the ragged edge of SPF forecasts Discussion paper 38/2024: Todd E. Clark, Gergely Ganics, Elmar Mertens
-
Geopolitical risk perceptions Discussion paper 37/2024: Yevheniia Bondarenko, Vivien Lewis, Matthias Rottner, Yves Schüler
3 MB, PDF
-
Financial fragility in open-ended mutual funds: the role of liquidity management tools Discussion paper 36/2024: Peter Dunne, Lorenz Emter, Falko Fecht, Raffaele Giuliana, Oana Peia
819 KB, PDF
-
Risky sovereign bond holdings by commercial banks in the euro area: Do safe assets availability and differences in bank funding costs play a role? Discussion paper 35/2024: Axel Jochem, Ernest Lecomte
2 MB, PDF
-
Doom loop, trilemma, and moral hazard: Which narrative of the banking union did stock market investors buy? Discussion paper 34/2024: Tobias Körner, Michael Papageorgiou
-
What is the value of retail order flow? Discussion paper 33/2024: Peter Hoffmann, Stephan Jank
-
Dynamics of probabilities of default Discussion paper 32/2024: Peter Bednarek, Günter Franke
1 MB, PDF
-
Unemployment benefit duration and startup success Discussion paper 31/2024: Sebastian Camarero Garcia, Martin Murmann
2 MB, PDF
-
The scenario-based equity price impact induced by greenhouse gas emissions Discussion paper 30/2024: Mark A. Weth, Markus Baltzer, Christoph Bertram, Jérôme Hilaire, Craig Johnston
3 MB, PDF
-
Do firm credit constraints impair climate policy? Discussion paper 29/2024: Matthias Kaldorf, Mengjie Shi
865 KB, PDF
-
Digital transformation and its impact on labour productivity – A multi-sector perspective Discussion paper 28/2024: Elisabeth Falck, Oke Röhe, Johannes Strobel
901 KB, PDF
-
Toward a holistic approach to central bank trust Discussion paper 27/2024: Sandra Eickmeier, Luba Petersen
2 MB, PDF
-
Climate Minsky moments and endogenous financial crises Discussion paper 26/2024: Matthias Kaldorf, Matthias Rottner
834 KB, PDF
-
Taxation of top incomes and tax avoidance Discussion paper 25/2024: Alessandro Di Nola, Georgi Kocharkov, Almuth Scholl, Anna-Mariia Tkhir, Hoamin Wang
815 KB, PDF
-
Returns to scale: New evidence from administrative firm-level data Discussion paper 24/2024: Peter McAdam, Philipp Meinen, Chris Papageorgiou, Patrick Schulte
2 MB, PDF
-
Inflation distorts relative prices: Theory and evidence Discussion paper 23/2024: Klaus Adam, Andrey Alexandrov, Henning Weber
2 MB, PDF
-
Sudden stop: Supply and demand shocks in the German natural gas market Discussion paper 22/2024: Jochen Güntner, Magnus Reif, Maik Wolters
2 MB, PDF
-
Changes in the euro area interest rate pass-through Discussion paper 21/2024: Henrike Michaelis
3 MB, PDF
-
Financial repression in general equilibrium: The case of the United States, 1948–1974 Discussion paper 20/2024: Martin Kliem, Alexander Kriwoluzky, Gernot J. Müller, Alexander Scheer
2 MB, PDF
-
Listening to the noise: On price efficiency with dynamic trading Discussion paper 19/2024: Lutz G. Arnold, David Russ
790 KB, PDF
-
First-order and higher-order inflation expectations: Evidence about households and firms Discussion paper 18/2024: Pascal Kieren, Christian König-Kersting, Robert Schmidt, Stefan Trautmann, Franziska Heinicke
1 MB, PDF
-
Structural change and the climate risk premium during the green transition Discussion paper 17/2024: Sophie Zhou, Frederick van der Ploeg
-
Zero-risk weights and capital misallocation Discussion paper 16/2024: Takuji Fueki, Patrick Hürtgen, Todd B. Walker
681 KB, PDF
-
CBDC and banks: Disintermediating fast and slow Discussion paper 15/2024: Rhys Bidder, Timothy Jackson, Matthias Rottner
5 MB, PDF
-
Product turnover and endogenous price flexibility in uncertain times Discussion paper 14/2024: Makram Khalil, Vivien Lewis
3 MB, PDF
-
Climate change and the macroeconomics of bank capital regulation Discussion paper 13/2024: Francesco Giovanardi, Matthias Kaldorf
-
Does the right to work part-time affect mothers’ labor market outcomes? Discussion paper 12/2024: Hannah Paule-Paludkiewicz
-
The fall and rebound of average establishment size in West Germany Discussion paper 11/2024: Tim Kovalenko, Timo Sauerbier, Benedikt Schröpf
908 KB, PDF