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Monetary policy and the uncovered interest parity puzzle D. Backus, F. Gavazzoni, C. Telmer, S. Zin
472 KB, PDF
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Germany's international investment position at the end of 2014
Germany's net external position stood at €1,228 billion at the end of 2014, and thus amounted to around 42% of gross domestic product. The German net external asset position rose by €248 billion year-on-year. This increase primarily reflects Germany's current account surplus last year. Unlike in the previous year, the increase occurred against the backdrop of rising gross stocks, as it had done in the years before that.
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Speech at the ceremony marking the change of office at the Regional Office in Bremen, Lower Saxony and Saxony-Anhalt
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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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Dealing with High Debt in an Era of Low Growth - Presentation S. Ali Abbas, Bernardin Akitoby, Jochen Andritzky, Helge Berger, Takuji Komatsuzaki, Justin Tyson
715 KB, PDF
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The role of interest rates in theory and practice - How useful is the concept of the natural real rate of interest for monetary policy?
131 KB, PDF
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Revision policy for the balance of payments and the international investment position (i.i.p.)
47 KB, PDF
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Acquisition of financial assets and external financing in Germany in the first quarter of 2015 Results of the financial accounts by sector
In the first quarter of 2015, the financial assets of households rose exceptionally steeply by just under €140 billion (ie 2.8%) on the quarter, climbing to a figure of €5,212 billion.
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