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Higher wages in Germany do not materially reduce trade imbalances Research Brief | 32nd edition – March 2020
Can wage hikes in Germany contribute to a reduction in global trade imbalances? A new study answers this question. Applying a general equilibrium model, it shows that, although wage hikes in Germany reduce the country’s trade surplus, the quantitative effects are relatively small and depend on the European Central Bank’s monetary policy response.
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Rebalancing the euro area: Is wage adjustment in Germany the answer? Discussion paper 17/2020: Mathias Hoffmann, Martin Kliem, Michael Krause, Stephane Moyen, Radek Sauer
2 MB, PDF
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Ausgabe der neuen 20-Euro-Banknoten der zweiten Serie („Europa-Serie“) Mitteilung Nr. 3003/2020
76 KB, PDF
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Ausgabe der neuen 50-Euro-Banknoten der zweiten Serie („Europa-Serie“) Mitteilung Nr. 3004/2020
45 KB, PDF
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Ausgabe der neuen 10-Euro-Banknoten der zweiten Serie („Europa-Serie“) Mitteilung Nr. 3002/2020
87 KB, PDF
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Wirtschaftstätigkeit in Nordrhein-Westfalen – 1. Quartal 2020 Zahlen und Übersichten
266 KB, PDF