Cancellation of all international central banking courses in Germany up to the end of June 2020 and a look at the last events to take place prior to the outbreak of the coronavirus epidemic

Germany has the second lowest share of homeowners of all OECD countries. This is driven by housing policies that produce incentives to rent. New studies show that alternative policies could increase the homeownership rate and reduce wealth inequality.

Can wage hikes in Germany contribute to a reduction in global trade imbalances? A new study answers this question. Applying a general equilibrium model, it shows that, although wage hikes in Germany reduce the country’s trade surplus, the quantitative effects are relatively small and depend on the European Central Bank’s monetary policy response.

The March 2020 Monthly Report analyses Germany’s balance of payments for 2019 and outlines the statistical data on households’ digital purchases that are contained in the balance of payments. It also includes an article on the challenges ahead posed by new reference interest rates using the implementation of the €STR in the euro area as an example.