General Search
Multiple search words are automatically linked with "AND". Text enclosed in quotation marks (") returns only the pages in which this text occurs exactly. With the search filters next to the results you have the possibility to further limit your search.
-
Important Notice
Due to the amendment of the Foreign Trade and Payments Regulation (AWV), which came into effect in January 2025, the contents of our websites and the documents provided thereon are currently being revised.
Please note that during this updating process, it may happen that contents and documents are still in their old state. We are working intensively to bring all information up to date as quickly as possible.
-
-
-
-
The Phillips curve
The Phillips curve was invented by UK economist Alban William Phillips, who observed a correlation between nominal wage growth and the unemployment rate for the period 1861 to 1957. The original version of the curve implies a trade-off between unemployment and inflation. Empirical evidence shows, however, that the relationship is not nearly as simple as that. Over the past 50 years, the Phillips curve has time and again been hotly debated, leading to numerous modifications.
-
The Deutsche Bundesbank publishes its 2018 Financial Stability Review
Times of strong growth and low interest rates have seen vulnerabilities build up in the German financial system. In addition, the probability of an economic downturn has increased.
“Now is the time to build up sufficient capital and strengthen the financial system’s defences,”
said Bundesbank Vice-President Claudia Buch at the press conference on the publication of the new Financial Stability Review. -
Europäischer Wirtschaftsraum (EWR)
No English translation available
-
MiFID II / MiFIR
59 KB, PDF
The effectiveness of monetary policy greatly depends on the operations agreed for this purpose being conducted in a timely and confidential manner. For all operations performed with non-capital instruments, Article 1 (6) MiFIR therefore requires members of the European System of Central Banks (ESCB) to obtain an explicit exemption from the obligation to publish trade data when implementing monetary policy in line with their statutory powers.
For further information, please refer to Bundesbank Circular No 53/2017.
-
High Frequency Trading und Marktimplikationen - Eine Einschätzung aus Notenbanksicht Rede anlässlich der TradeTech DACH 2012
-