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The financial instability – Monetary policy nexus: Evidence from the FOMC minutes Discussion paper 13/2025: Dimitrios Kanelis, Lars H. Kranzmann, Pierre L. Siklos
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Falling inflation, but not yet time to sound the all-clear – outlook for the German economy up to 2026 Article from the Monthly Report – December 2023
384 KB, PDF
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Annual Report 2022
2 MB, PDF
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.
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Productivity effects of reallocation in the corporate sector during the COVID- 19 crisis Article from the Monthly Report September 2022
226 KB, PDF
Monatsberichtsaufsatz September 2022
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The German current account surplus through the lens of macroeconomic models Article from the Monthly Report July 2020
372 KB, PDF
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Stuck in a marriage: Labor market shocks, divorce and intra-household reallocation Discussion paper 01/2025: Wataru Kureishi, Hannah Paule-Paludkiewicz, Hitoshi Tsujiyama, Midori Wakabayashi
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Financial Stability Review 2023
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.