It is often said that wage moderation in Germany was the primary cause of the current account imbalances in the euro area that emerged prior to the financial crisis. A new study puts this hypothesis to the test.

Some basic information to help you as you enter the world of work in Germany.

Gaetan talks about his journey to becoming a Bundesbank data warehouse architect and how he takes advantage of the working conditions at the Bundesbank to do his job.

Alongside the functional documents, there is also information that does not directly relate to the functioning of TIPS. This includes, for instance, the TARGET Services pricing guide.

The auction procedure is used for issuing Federal bonds, five-year Federal notes, Federal Treasury notes and Treasury discount paper. The terms of each Federal security to be issued by auction are published.