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COVID-related fiscal measures and debt sustainability Prepared for the ESM seminar on debt sustainability Panel II “Policy implications in the ‘new normal’”
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Monthly Report: Relative energy price rise hurting, euro depreciation supporting Germany’s international price competitiveness
16.12.2022 DE
How is Germany’s international price competitiveness faring in light of high energy costs? The Bundesbank’s experts explore this question in the latest edition of the Monthly Report. To this end, they examined the impact of the higher energy costs, on the one hand, and the euro's depreciation against the US dollar, on the other. Their result was that, at least from a macroeconomic perspective, the depreciation of the currency is probably still offsetting high energy prices.
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