The January 2021 edition of the Monthly Report analyses the slowdown in productivity growth in the euro area and describes the data collection methodology and analysis options for the new securities holding statistics on banking groups. It also discusses the two-tier system for remunerating reserve holdings and its impact on banks and financial markets.
The December 2020 edition of the Monthly Report outlines Germany’s economic outlook for 2021 to 2023 and explores the informative value of national fiscal indicators in the case of debt at the European level. In addition, it describes the national implementation of the European banking package in Germany through the Risk Reduction Act (Risikoreduzierungsgesetz – RiG) and analyses the profitability and financing of German enterprises in 2019.
The October 2020 edition of the Monthly Report analyses developments in the German banking system during the negative interest rate phase and outlines patterns of international business cycles. It also features an article on the protracted rise in real estate prices in Germany from a macroeconomic perspective, taking into account transmission channels and fundamental determinants. Finally, the report explains state government budget figures for 2019.
The September 2020 edition of the Monthly Report analyses the impact of monetary policy on the euro exchange rate and investigates global financial interconnectedness as well as spillover effects between the G20 countries. In addition, it discusses the performance of German credit institutions in 2019.
The July 2020 Monthly Report looks at the German current account surplus through the lens of macroeconomic models and examines the extent to which German households store cash, as well as their reasons for doing so.
The June 2020 edition of the Bundesbank’s Monthly Report outlines Germany’s economic outlook for 2020 to 2022 and features an article on the topic of cash withdrawals and payments in urban and rural areas.