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Developments in the German banking system during the negative interest rate policy period Article from the Monthly Report October 2020
324 KB, PDF
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Monthly Report - June 2018
The June 2018 edition of the Bundesbank's Monthly Report outlines the prospects for the German economy on the basis of macroeconomic projections for 2018 and 2019, with a look ahead at the year 2020. It also includes an article on the zero lower bound on interest rates, the inflation rate target and the anchoring of inflation expectations.
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Monthly report - August 2020
The August 2020 edition of the Monthly Report comments on the economic situation in Germany in summer 2020.
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Monthly Report – January 2022
The January 2022 edition of the Monthly Report discusses the changes in the secured money market and features an article on the topic of climate change and climate policy: analysis requirements and options from a central bank perspective. In addition, scenario-based valuation effects on the stock market are analysed using greenhouse gas emissions.
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Monthly Report - June 2017
The June 2017 edition of the Bundesbank's Monthly Report outlines the prospects for the German economy on the basis of macroeconomic projections for 2017 and 2018, with a look ahead at the year 2019. It also discusses the design and implementation of the European fiscal rules.
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Monthly Report - April 2017
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.
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Monthly report – November 2021
The November 2021 edition of the Monthly Report comments on the economic situation in Germany in autumn 2021.
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Monthly report - April 2020
The Bundesbank’s April 2020 Monthly Report outlines sectoral portfolio adjustments in the euro area during the low interest rate period. It also features an article on the road so far and the road ahead for the EU budget and its financing.
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Monthly Report - April 2016
The April Monthly Report illuminates the fundamental theory and evolution of metrics used to measure equity market levels, besides shedding light on the Phillips curve and its use in analysing prices and projecting inflation rates in Germany.
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Monthly Report - January 2020
The January 2020 edition of the Monthly Report analyses the upturn in loans to enterprises in Germany between 2014 and 2019 and describes the consequences of rising protectionism.