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Pricing the Bund term structure with linear regressions – without an observable short rate Discussion paper 08/2023: Christian Speck
2 MB, PDF
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Monatsbericht – March 2023
The March 2023 Monthly Report describes how the German balance of payments developed in 2022. It also discusses the significance of digitalisation for labour productivity. An additional article covers the profitability and financing of German enterprises in 2021.
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Zusammenfassung der geldpolitischen Sitzung des Rates der Europäischen Zentralbank am 1.-2. Februar 2023
300 KB, PDF
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Annual Report 2022
2 MB, PDF
The monetary policy turnaround shaped the Bundesbank’s balance sheet last year. The profit and loss account for 2022 reported a distributable profit of zero.