Welches ist der angemessene Wechselkurs, der weder inländischen noch ausländischen Anbietern einen ungerechtfertigten Wettbewerbsvorteil verschafft? Eine neue Studie untersucht, ob die aktuell verwendeten Schätzverfahren gut geeignet sind, um diese Frage zu beantworten. Es stellt sich heraus, dass sie es oft nicht sind.

INEXDA provides a framework for investigating possibilities to harmonise access procedures and metadata structures, to develop comparable structures for existing data and to further foster efficiency of statistical work with granular data. The ultimate aim is to facilitate the use of granular data for analytical, research and comparative purposes by users outside the participating institutions, within the limits set by the applicable confidentiality regimes.

Climate change is one of the most significant structural force shaping the global economy. Its impact will be substantial and diverse, affecting all economic agents and sectors across the globe. This report compiled by the NGFS group of experts on monetary policy and climate change investigates the possible effects of climate change on the conduct of monetary policy.

Climate change, and our response to it, will have a significant impact on economic and financial systems. The impacts will be far-reaching in breadth and in magnitude; subject to tipping points and irreversible changes; and are uncertain yet at the same time totally foreseeable. In particular, while we do not know now exactly what physical and transition risks will materialise, we do know for sure that we will face some combination of those risks. And, crucially, we also know that the size and balance of these future financial risks and economic costs will depend on the actions we take today.