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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.
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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.
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Europäischer Wirtschaftsraum (EWR)
No English translation available
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More evidence: what effects do economic policy measures have? Guest contribution from Prof Dr Claudia Buch and Regina T. Riphahn published in the Süddeutsche Zeitung
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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.
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Concluding remarks
154 KB, PDF
Prof. Dr. Axel A. Weber, President of the Deutsche Bundesbank, at the Bundesbank Spring Conference on "International Risk Sharing and Global Imbalances"
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Q1 2025: Expected changes in sales over a 12-month horizon
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Anchoring monetary stability in people’s minds Speech at the conference marking the tenth anniversary of the Alliance for Monetary and Financial Stability (Aktionskreis Stabiles Geld)
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