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Freiwillige vorzeitige Rückzahlungen GLRG-I Unverbindlicher Zeitplan der Durchführung der freiwilligen vorzeitigen Rückzahlungen GLRG-I im September 2017 (T20140189, T20150034 und T20150097)
1 MB, PDF
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How firm productivity impacts on the optimal inflation rate Research Brief | 14th edition – August 2017
The productivity of many firms evolves over time. This impacts on the optimal inflation rate – the rate of price increase with the least distortionary effect on relative goods prices. Our estimates for the United States suggest that, due to firm-level productivity changes, the optimal inflation rate has dropped from somewhat over 2% in the mid-1980s to a current level of roughly 1%.
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Euro area banks' interest rate risk exposure to level, slope and curvature swings in the yield curve Discussion paper 24/2017: Daniel Foos, Eva Lütkebohmert, Mariia Markovych, Kamil Pliszka
1 MB, PDF