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European monetary policy in times of high uncertainty Lecture at ZEW – Leibniz Centre for European Economic Research
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Central banks at a crossroads: dealing with a looming downward spiral Speech held at The Currency Conference
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Tägliche Rendite der börsennotierten Bundeswertpapiere
100 KB, PDF
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Invitation to bid – Reopening of two Federal bonds
206 KB, PDF
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Auction announcement – Reopening Treasury discount paper of the Federal Republic of Germany (Unverzinsliche Schatzanweisungen – “Bubills”)
146 KB, PDF
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Zur langfristigen Entwicklung der Rentenversicherung Forum Bundesbank – Hauptverwaltung in Sachsen und Thüringen
Referent: Christian Pfarr, Sozialversicherungsexperte der Deutschen Bundesbank
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The Bundesbank expects the economy to stagnate in the second quarter
26.05.2025 DE
Economic output in Germany was up in the first quarter of 2025, the Bundesbank writes in its latest Monthly Report. Exports of goods, in particular, but probably also investment and private consumption increased. However, the Bundesbank economists expect the economy to more or less stagnate in the second quarter. This is due to the wide range of burdens that persist and the additional headwinds caused by the tightening of US tariff policy.
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Macroeconomic analysis: current conditions and structural developments
Mid-level central bank officials working in the area of macroeconomic analysis or projections. Candidates who wish to apply for the course should have a sound grasp of macroeconomic theory. They are expected to have a good understanding of basic econometrics and experience in the use of commonly used modelling techniques.
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German general government debt up in 2024 by €57 billion to €2.7 trillion, debt ratio down from 62.9% to 62.5%
General government debt in Germany increased by €57 billion in 2024 to €2.69 trillion. Central government debt grew the most, by €36 billion. State and local governments recorded an increase of €15 billion and €14 billion, respectively.
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Press conference at the G7 meeting in Canada with Bundesbank President Joachim Nagel
23.05.2025 DE
At a meeting of the G7 finance ministers and central bank governors, Bundesbank President Joachim Nagel addressed the geopolitical challenges currently being faced. Speaking at a joint press conference with the new Federal Minister of Finance Lars Klingbeil in Banff, Canada, Mr Nagel said that while global economic activity had still been fairly robust at the start of the year, benefiting from the anticipatory effects of announced tariffs, the world economy was now struggling in the face of tightened US tariff policies and great uncertainty.