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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Financial variables as predictors of real growth vulnerability Lucrezia Reichlin, Giovanni Ricco, Thomas Hasenzagl
2 MB, PDF
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Financial stability committees and the countercyclical capital buffer Rochelle M. Edge, J. Nellie Liang
1 MB, PDF
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The power of forward guidance in a quantitative TANK model Rafael Gerke, Sebastian Giesen, Alexander Scheer
929 KB, PDF
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Interest and credit risk management in German banks: Evidence from a quantitative survey Vanessa Dräger, Lotta Heckmann-Draisbach, Christoph Memmel
482 KB, PDF
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Indeterminacy and imperfect information Thomas A. Lubik, Christian Matthes, Elmar Mertens
852 KB, PDF
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The transmission of bank capital requirements and monetary policy to bank lending Björn Imbierowicz, Axel Löffler, Ursula Vogel
496 KB, PDF
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Does the lack of financial stability impair the transmission of monetary policy? Viral V. Acharya, Sascha Steffen, Björn Imbierowicz, Daniel Teichmann
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Financial frictions, the Phillips curve and monetary policy Philipp Lieberknecht
1 MB, PDF
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The impact of US tariffs against China on US imports: Evidence for trade diversion? Philipp Meinen, Patrick Schulte, Simone Cigna, Nils Steinhoff
948 KB, PDF
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Capital flows, real estate, and local cycles: evidence from German cities, banks, and firms Peter Bednarek, Daniel Marcel te Kaat, Chang Ma, Alessandro Rebucci
1 MB, PDF
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Labor productivity, effort and the euro area business cycle Vivien Lewis, Stefania Villa, Maik Wolters
1 MB, PDF
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The fire-sale channels of universal banks in the European sovereign debt crisis Giulio Bagattini, Falko Fecht, Patrick Weber
1 MB, PDF
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OTC discount Calebe de Roure, Emanuel Moench, Loriana Pelizzon, Michael Schneider
1 MB, PDF
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Nowcasting GDP with a large factor model space Sercan Eraslan, Maximilian Schröder
7 MB, PDF
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Cross-country differences in homeownership: A cultural phenomenon? Stefanie J. Huber, Tobias Schmidt
3 MB, PDF
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The real effects of bank distress: evidence from bank bailouts in Germany Johannes Bersch, Hans Degryse, Thomas Kick, Ingrid Stein
1 MB, PDF
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Estimating regional wealth in Germany: How different are east and west really? Ann-Kristin Kreutzmann, Philipp Marek, Nicola Salvati, Timo Schmid
5 MB, PDF
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Expectations formation, sticky prices, and the ZLB Betsy Bersson, Patrick Hürtgen, Matthias Paustian
1 MB, PDF
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When old meets young? Germany’s population ageing and the current account Matthias Schön, Nikolai Stähler
1 MB, PDF
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Price trends over the product life cycle and the optimal inflation target Klaus Adam, Henning Weber
1 MB, PDF
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Risk weighting, private lending and macroeconomic dynamics Michael Donadelli, Marcus Jüppner, Lorenzo Prosperi
1 MB, PDF
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Going the extra mile: Effort by workers and job-seekers Matthias S. Hertweck, Vivien Lewis, Stefania Villa
1 MB, PDF
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Forecast uncertainty, disagreement, and the linear pool Malte Knüppel, Fabian Krüger
3 MB, PDF
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Do conventional monetary policy instruments matter in unconventional times? Manuel Buchholz, Kirsten Schmidt, Lena Tonzer
1 MB, PDF
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The effects of the Eurosystem’s APP on euro area bank lending: Letting different data speak Barno A. Blaes, Björn Kraaz, Christian J. Offermanns
1 MB, PDF
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Macro to the rescue? – An analysis of macroprudential instruments to regulate housing credit Alexander Falter
1 MB, PDF
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Capital flows in the euro area and TARGET2 balances Nikolay Hristov, Oliver Hülsewig, Timo Wollmershäuser
1 MB, PDF
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Bank loan supply shocks and alternative financing of non-financial corporations in the euro area Martin Mandler, Michael Scharnagl
3 MB, PDF
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Financial cycles across G7 economies: A view from wavelet analysis Martin Mandler, Michael Scharnagl
4 MB, PDF
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Bank profitability, leverage constraints, and risk-taking Natalya Martynova, Lev Ratnovski, Razvan Vlahu
1 MB, PDF
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Banks’ holdings of risky sovereign bonds in the absence of the nexus – yield seeking with central bank funding or de-risking? Rainer Frey, Mark Weth
512 KB, PDF
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Agricultural productivity shocks and poverty in India: The short- and long-term effects of monsoon rainfall Björn Brey, Matthias S. Hertweck
1 MB, PDF
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Stress testing the German mortgage market Nataliya Barasinska, Philipp Haenle, Anne Koban, Alexander Schmidt
903 KB, PDF
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Extreme inflation and time-varying consumption growth Ilya Dergunov, Christoph Meinerding, Christian Schlag
2 MB, PDF
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A flexible state-space model with lagged states and lagged dependent variables: Simulation smoothing Philipp Hauber, Christian Schumacher, Jiachun Zhang
410 KB, PDF
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Equilibrium real exchange rate estimates across time and space Christoph Fischer
444 KB, PDF
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Labor market reforms, precautionary savings, and global imbalances Brigitte Hochmuth, Stephane Moyen, Nikolai Stähler
3 MB, PDF
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Fear, deposit insurance schemes, and deposit reallocation in the German banking system Falko Fecht, Stefan Thum, Patrick Weber
3 MB, PDF
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Redemptions and asset liquidations in corporate bond funds Niko Dötz, Mark Weth
646 KB, PDF
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Procyclical leverage in Europe and its role in asset pricing Markus Baltzer, Alexandra Koehl, Stefan Reitz
531 KB, PDF
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Model and estimation risk in credit risk stress tests Peter Grundke, Kamil Pliszka, Michael Tuchscherer
1 MB, PDF
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The nonlinear dynamics of corporate bond spreads: Regime-dependent effects of their determinants Henning Fischer, Oscar Stolper
1 MB, PDF
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Information effects of euro area monetary policy: New evidence from high-frequency futures data Mark Kerssenfischer
2 MB, PDF
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Connectedness between G10 currencies: Searching for the causal structure Timo Bettendorf, Reinhold Heinlein
519 KB, PDF
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What drives the short-term fluctuations of banks’ exposure to interest rate risk? Christoph Memmel
651 KB, PDF