Discussion Papers
The Discussion Papers with economic studies or financial and banking studies are elaborated by the research centre of the Deutsche Bundesbank.
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Structural change revisited: The rise of manufacturing jobs in the service sector Dominik Boddin, Thilo Kroeger
1 MB, PDF
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Financial integration and the co-movement of economic activity: Evidence from U.S. states Martin R. Goetz, Juan Carlos Gozzi
3 MB, PDF
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Benefits of internationalisation for acquirers and targets – but unevenly distributed Rainer Frey, Stefan Goldbach
1 MB, PDF
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Macroprudential policy and the sovereign-bank nexus in the euro area Nikolay Hristov, Oliver Hülsewig, Benedikt Kolb
1014 KB, PDF
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The leverage effect of bank disclosures Philipp J. König, Christian Laux, David Pothier
747 KB, PDF
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Better be careful: The replenishment of ABS backed by SME loans Arved Fenner, Philipp Klein, Carina Mössinger
911 KB, PDF
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On the importance of fiscal space: Evidence from short sellers during the COVID-19 pandemic Stefan Grepinitr, Stephan Jank, Esad Smajlbegovic
954 KB, PDF
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Return differences between DAX ETFs and the benchmark DAX Christoph Schmidhammer
1 MB, PDF
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Decomposing the yield curve with linear regressions and survey information Arne Halberstadt
644 KB, PDF
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The case for a positive euro area inflation target: Evidence from France, Germany and Italy Klaus Adam, Erwan Gautier, Sergio Santoro, Henning Weber
1 MB, PDF
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Equity premium predictability over the business cycle Emanuel Moench, Tobias Stein
908 KB, PDF
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Reversal interest rate and macroprudential policy Matthieu Darracq Pariès, Christoffer Kok, Matthias Rottner
2 MB, PDF
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German banks‘ behavior in the low interest rate environment Ramona Busch, Helge C. N. Littke, Christoph Memmel, Simon Niederauer
650 KB, PDF
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Labor adjustment and productivity in the OECD Maarten Dossche, Andrea Gazzani, Vivien Lewis
1 MB, PDF
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Lighting up the dark: Liquidity in the German corporate bond market Yalin Gündüz, Loriana Pelizzon, Michael Schneider, Marti G. Subrahmanyam
695 KB, PDF
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The impact of borrower-based instruments on household vulnerability in Germany Nataliya Barasinska, Johannes Ludwig, Edgar Vogel
5 MB, PDF
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System-wide and banks’ internal stress tests: Regulatory requirements and literature review Kamil Pliszka
450 KB, PDF
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The effect of unemployment insurance benefits on (self-)employment: Two sides of the same coin? Sebastian Camarero Garcia, Michelle Hansch
4 MB, PDF
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Covid-19 and capital flows: The responses of investors to the responses of governments Stefan Goldbach, Volker Nitsch
410 KB, PDF
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Banks fearing the drought? Liquidity hoarding as a response to idiosyncratic interbank funding dry-ups Helge C. N. Littke, Matias Ossandon Busch
558 KB, PDF
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Banks’ complexity-risk nexus and the role of regulation Natalya Martynova, Ursula Vogel
1 MB, PDF
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Do exchange rates absorb demand shocks at the ZLB? Mathias Hoffmann, Patrick Hürtgen
2 MB, PDF
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What drives the German TARGET balances? Evidence from a BVAR approach Timo Bettendorf, Axel Jochem
707 KB, PDF
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Precision-based sampling with missing observations: A factor model application Philipp Hauber, Christian Schumacher
1019 KB, PDF
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Inter-cohort risk sharing with long-term guarantees: Evidence from German participating contracts Johan Hombert, Axel Möhlmann, Matthias Weiß
593 KB, PDF
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Liquidity in the German corporate bond market: has the CSPP made a difference? Lena Boneva, Mevlud Islami, Kathi Schlepper
863 KB, PDF
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The role of information and experience for households‘ inflation expectations Christian Conrad, Zeno Enders, Alexander Glas
1 MB, PDF
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Quantifying bias and inaccuracy of upper-level aggregation in HICPs for Germany and the euro area Julika Herzberg, Thomas A. Knetsch, Patrick Schwind, Sebastian Weinand
773 KB, PDF
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Toothless tiger with claws? Financial stability communication, expectations, and risk-taking Johannes Beutel, Norbert Metiu, Valentin Stockerl
2 MB, PDF
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Real estate transaction taxes and credit supply Michael Koetter, Philipp Marek, Antonios Mavropoulos
1 MB, PDF
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Re-allocating taxing rights and minimum tax rates in international profit taxation Gerhard Kempkes, Nikolai Stähler
1 MB, PDF
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A note of caution on quantifying banks‘ recapitalization effects Kirsten Schmidt, Felix Noth, Lena Tonzer
479 KB, PDF
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A structural investigation of quantitative easing Gregor Boehl, Gavin Goy, Felix Strobel
7 MB, PDF
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Global value chain participation and exchange rate pass-through Georgios Georgiadis, Johannes Gräb, Makram Khalil
722 KB, PDF
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„The devil is in the details, but so is salvation“ – Different approaches in money market measurement Alexander Müller, Jan Paulick
999 KB, PDF
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Buried in the vaults of central banks – Monetary gold hoarding and the slide into the Great Depression Sören Karau
1 MB, PDF
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GMM weighting matrices in cross-sectional asset pricing tests Nora Laurinaityte, Christoph Meinerding, Christian Schlag, Julian Thimme
907 KB, PDF
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Global oil prices and the macroeconomy: The role of tradeable manufacturing versus nontradeable services Makram Khalil
3 MB, PDF
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Hampered interest rate pass-through – A supply side story? Lotta Heckmann-Draisbach, Julia Moertel
785 KB, PDF
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Performance of maturity transformation strategies Christoph Schmidhammer, Vanessa Hille, Arnd Wiedemann
918 KB, PDF
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Demographic change and the rate of return in PAYG pension systems Matthias Schön
1 MB, PDF
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Bank capital forbearance and serial gambling Natalya Martynova, Enrico Perotti, Javier Suarez
930 KB, PDF