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 October 2021 edition of the Monthly Report contains an article on state government finances in 2020 from the perspective of the temporary impact of the pandemic on the deficit situation and the effect of escape clauses on the building of reserves. Another topic discussed is the development of the global economy during the coronavirus pandemic. The question of how households in Germany view the digital euro is also addressed, with a presentation of initial survey results and interviews. The report additionally features an article on the regulation of remuneration in credit institutions.

The September 2013 Monthly Report explains the performance of German credit institutions in 2012 and the development of government interest expenditure in Germany. In addition, a workshop report to predictive models in the short-term economic analysis is included.

The January 2021 edition of the Monthly Report analyses the slowdown in productivity growth in the euro area and describes the data collection methodology and analysis options for the new securities holding statistics on banking groups. It also discusses the two-tier system for remunerating reserve holdings and its impact on banks and financial markets.

The November 2020 edition of the Monthly Report comments on the economic situation in Germany in autumn 2020.

The May 2018 edition of the Monthly Report comments on the economic situation in Germany in spring 2018.