Flexible working time arrangements can help parents reconcile family and work commitments. In this context, a new study examines the impact of the statutory right to work part-time on the labour supply and labour income of eligible mothers.

The macroeconomic environment is being shaped by the interest rate reversal and heightened uncertainty. So far, the German financial system has coped well with the rise in interest rates over the last year, but the effects of this rise have not yet fully materialised. Structural change in the economy is also likely to further increase credit risk.

The Bundesbank posted a profit of €2.0 billion for the 2017 financial year, compared with €1.0 billion one year earlier. Following an allocation to the reserves, the remaining distributable profit of €1.9 billion.

The monetary policy turnaround shaped the Bundesbank’s balance sheet last year. The profit and loss account for 2022 reported a distributable profit of zero.

The November 2021 edition of the Monthly Report comments on the economic situation in Germany in autumn 2021.

The December 2022 edition of the Bundesbank’s Monthly Report describes the outlook for the German economy for 2023 to 2025. Furthermore, it discusses the recent rise in energy prices in the context of Germany’s price competitiveness. The report also features an article entitled “Access to cash in Germany – results of a representative public survey”.

Monatsberichtsaufsatz April 2021

Professor Axel A Weber, President of the Deutsche Bundesbank, Speech delivered as part of the Ken Dixon public lecture series at the University of York

Implementing a minimum exchange rate regime by buying foreign currency eases monetary conditions domestically and may thus have a direct impact on the inflation rate. However, such foreign currency purchases involve a risky expansion of the central bank’s balance sheet total. A new model can now predict what expansion of the balance sheet a central bank must expect if it wishes to implement a minimum exchange rate in the foreign exchange market.