The June 2021 edition of the Bundesbank’s Monthly Report outlines the outlook for the German economy for 2021 to 2023 and analyses how the central bank’s asset purchases increase the sensitivity of government finances to interest rate changes. It also features an article on central government debt and why interest payment premiums should be booked on an accrual basis, while, on the topic of local government debt, a further article discusses how local government budget imbalances can be avoided and cash advances limited.

The April 2023 Monthly Report describes the relationship between money market conditions and the remuneration of government deposits. It also presents the results of the new household wealth survey. In addition, it discusses the impact of the current crises on international payments and how sustainability risks are factored into banking supervision.

In the first half of 2020, the global coronavirus pandemic led to the most severe economic slump in Germany in decades. Governments and central banks around the world have taken extensive measures to stabilise the economy as well as labour and financial markets.

The Bundesbank’s April 2021 Monthly Report outlines the impact of monetary policy depending on the debt situation of the non-financial private sector and presents evidence for the euro area. It also examines firms’ assessments and expectations during the pandemic based on findings from the Bundesbank Online Panel Firms. A further article discusses the payment options opened up by digital money. 

The December 2021 edition of the Monthly Report outlines Germany’s economic outlook for 2022 to 2024 and analyses the profitability and financing of German enterprises in 2020.