The September 2018 Monthly Report explains the models that the Bundesbank uses to make its short-term economic forecasts as well as how these models have been updated. In addition, the Report also analyses the performance of German credit institutions in 2017. 

The March 2018 Monthly Report sheds light on Germany’s balance of payments for 2017 and provides an insight into demand for euro banknotes at the Deutsche Bundesbank. It also includes an article on the design, regulation and use of contingent convertible bonds.

The April 2017 Monthly Report outlines the role of banks, non-banks and the central bank in the money creation process and analyses the impact of demographic change and immigration on the German economy’s potential Output.

The October 2017 Monthly Report analyses emerging market economies’ global liquidity, foreign reserves and exchange rates and contains an article on developments in the natural interest rate. In addition, the Supervisory Review and Evaluation Process for smaller institutions and proportionality considerations are described, and the initial results of the new money market statistics as well as the new insurance statistics are presented.

The March 2017 Monthly Report sheds light on Germany’s balance of payments for 2016 and outlines the cyclical adjustment procedures carried out by the federal states as part of the debt brake.

The January 2017 Monthly Report contains an article on the Eurosystem’s asset purchases and the euro exchange rate. In addition, it analyses how debt levels have developed in the non-financial private sector in selected euro-area countries.