Climate change is one of the most significant structural force shaping the global economy. Its impact will be substantial and diverse, affecting all economic agents and sectors across the globe. This report compiled by the NGFS group of experts on monetary policy and climate change investigates the possible effects of climate change on the conduct of monetary policy.

The April 2011 monthly report contains: Commentaries; Effective exchange rates from financial market data; The US labour market in the current cycle; European Council decisions on the prevention and resolution of future sovereign debt crises.

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

The November 2021 edition of the Monthly Report comments on the economic situation in Germany in autumn 2021.

The Bundesbank is not distributing a profit to the Federal Government for 2020 – for the first time since 1979. The main reason was the greater level of risk provisioning.

The June 2022 edition of the Monthly Report outlines the outlook for the German economy for 2022 to 2024 and lays out long-term scenarios and options for reforming the pension insurance scheme. Furthermore, it analyses both bracket creep in income tax rates and the current developments and challenges facing public finances in the euro area. The report concludes with an article on the survey of firms conducted by the Deutsche Bundesbank and how it is used to assess the financial situation of the corporate sector.