Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research center of the Deutsche Bundesbank.
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Unemployment benefit duration and startup success Discussion paper 31/2024: Sebastian Camarero Garcia, Martin Murmann
2 MB, PDF
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The scenario-based equity price impact induced by greenhouse gas emissions Discussion paper 30/2024: Mark A. Weth, Markus Baltzer, Christoph Bertram, Jérôme Hilaire, Craig Johnston
3 MB, PDF
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Do firm credit constraints impair climate policy? Discussion paper 29/2024: Matthias Kaldorf, Mengjie Shi
865 KB, PDF
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Digital transformation and its impact on labour productivity – A multi-sector perspective Discussion paper 28/2024: Elisabeth Falck, Oke Röhe, Johannes Strobel
901 KB, PDF
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Toward a holistic approach to central bank trust Discussion paper 27/2024: Sandra Eickmeier, Luba Petersen
2 MB, PDF
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Climate Minsky moments and endogenous financial crises Discussion paper 26/2024: Matthias Kaldorf, Matthias Rottner
834 KB, PDF
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Taxation of top incomes and tax avoidance Discussion paper 25/2024: Alessandro Di Nola, Georgi Kocharkov, Almuth Scholl, Anna-Mariia Tkhir, Hoamin Wang
815 KB, PDF
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Returns to scale: New evidence from administrative firm-level data Discussion paper 24/2024: Peter McAdam, Philipp Meinen, Chris Papageorgiou, Patrick Schulte
2 MB, PDF
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Inflation distorts relative prices: Theory and evidence Discussion paper 23/2024: Klaus Adam, Andrey Alexandrov, Henning Weber
2 MB, PDF
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Sudden stop: Supply and demand shocks in the German natural gas market Discussion paper 22/2024: Jochen Güntner, Magnus Reif, Maik Wolters
2 MB, PDF
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Changes in the euro area interest rate pass-through Discussion paper 21/2024: Henrike Michaelis
3 MB, PDF
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Financial repression in general equilibrium: The case of the United States, 1948–1974 Discussion paper 20/2024: Martin Kliem, Alexander Kriwoluzky, Gernot J. Müller, Alexander Scheer
2 MB, PDF
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Listening to the noise: On price efficiency with dynamic trading Discussion paper 19/2024: Lutz G. Arnold, David Russ
790 KB, PDF
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First-order and higher-order inflation expectations: Evidence about households and firms Discussion paper 18/2024: Pascal Kieren, Christian König-Kersting, Robert Schmidt, Stefan Trautmann, Franziska Heinicke
1 MB, PDF
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Structural change and the climate risk premium during the green transition Discussion paper 17/2024: Sophie Zhou, Frederick van der Ploeg
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Zero-risk weights and capital misallocation Discussion paper 16/2024: Takuji Fueki, Patrick Hürtgen, Todd B. Walker
681 KB, PDF
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CBDC and banks: Disintermediating fast and slow Discussion paper 15/2024: Rhys Bidder, Timothy Jackson, Matthias Rottner
5 MB, PDF
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Product turnover and endogenous price flexibility in uncertain times Discussion paper 14/2024: Makram Khalil, Vivien Lewis
3 MB, PDF
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Climate change and the macroeconomics of bank capital regulation Discussion paper 13/2024: Francesco Giovanardi, Matthias Kaldorf
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Does the right to work part-time affect mothers’ labor market outcomes? Discussion paper 12/2024: Hannah Paule-Paludkiewicz
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The fall and rebound of average establishment size in West Germany Discussion paper 11/2024: Tim Kovalenko, Timo Sauerbier, Benedikt Schröpf
908 KB, PDF
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Risky firms and fragile banks: Implications for macroprudential policy Discussion paper 10/2024: Tommaso Gasparini, Vivien Lewis, Stéphane Moyen, Stefania Villa
2 MB, PDF
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On curbing the rise in energy prices: An examination of different mitigation approaches Discussion paper 09/2024: Natascha Hinterlang, Marius Jäger, Nikolai Stähler, Johannes Strobel
2 MB, PDF
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Securities lending and information acquisition Discussion paper 08/2024: Stefan Greppmair, Stephan Jank, Pedro A. C. Saffi, Jason Sturgess
774 KB, PDF
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COVID-19 and the fragmentation of the European interbank market Discussion paper 07/2024: Melissa Pala
2 MB, PDF
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Macroprudential capital regulation and fiscal balances in the euro area Discussion paper 06/2024: Nikolay Hristov, Oliver Hülsewig, Benedikt Kolb
1 MB, PDF
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Excess reserves and monetary policy tightening Discussion paper 05/2024: Daniel Fricke, Stefan Greppmair, Karol Paludkiewicz
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The transmission of bank liquidity shocks: Evidence from the Eurosystem collateral framework Discussion paper 04/2024: Pia Hüttl, Matthias Kaldorf
655 KB, PDF
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How good are banks‘ forecasts? Discussion paper 03/2024: Lotta Heckmann-Draisbach, Christoph Memmel
712 KB, PDF
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Back to the roots of internal credit risk models: Does risk explain why banks’ risk-weighted asset levels converge over time? Discussion paper 02/2024: Victoria Böhnke, Steven Ongena, Florentina Paraschiv, Endre J. Reite
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On household labour supply in sticky-wage HANK models Discussion paper 01/2024: Rafael Gerke, Sebastian Giesen, Matija Lozej, Joost Röttger
973 KB, PDF
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Nowcasting consumer price inflation using high-frequency scanner data: Evidence from Germany Discussion paper 34/2023: Günter W. Beck, Kai Carstensen, Jan-Oliver Menz, Richard Schnorrenberger, Elisabeth Wieland
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The role of emission disclosure for the low-carbon transition Discussion paper 33/2023: Ivan Frankovic, Benedikt Kolb
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The macroeconomic effects of inflation uncertainty Discussion paper 32/2023: Norbert Metiu, Esteban Prieto
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Collateral scarcity and market functioning: Insights from the Eurosystem securities lending facilities Discussion paper 31/2023: Stefan Greppmair, Stephan Jank
720 KB, PDF
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Staggered difference-in-differences in gravity settings: Revisiting the effects of trade agreements Discussion paper 30/2023: Arne J. Nagengast, Yoto V. Yotov
867 KB, PDF
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Effects of mergers on network models of the financial system Discussion paper 29/2023: Daniel Nevermann, Lotta Heckmann-Draisbach
998 KB, PDF
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Energy prices and inflation expectations: Evidence from households and firms Discussion paper 28/2023: Nils Wehrhöfer
667 KB, PDF
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Forceful or persistent: How the ECB’s new inflation target households’ inflation expectations Discussion paper 27/2023: Mathias Hoffmann, Emanuel Moench, Lora Pavlova, Guido Schultefrankenfeld
701 KB, PDF
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Effects of bank capital requirements on lending by banks and non-bank financial institutions Discussion paper 26/2023: Peter Bednarek, Olga Briukhova, Steven Ongena, Natalja von Westernhagen
2 MB, PDF
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Precision-based sampling for state space models that have no measurement error Discussion paper 25/2023: Elmar Mertens
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Towards seasonal adjustment of infra-monthly time series with JDemetra+ Discussion paper 24/2023: Karsten Webel, Anna Smyk
5 MB, PDF
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Capital reallocation under climate policy uncertainty Discussion paper 23/2023: Makram Khalil, Felix Strobel
1 MB, PDF
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Learning monetary policy strategies at the effective lower bound with sudden surprises Discussion paper 22/2023: Spencer Krane, Leonardo Melosi, Matthias Rottner
903 KB, PDF
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Effects of the ECB’s communication on government bond spreads Discussion paper 21/2023: Sebastian Camarero Garcia, Frederik Neugebauer, Jan Russnak, Lilli Zimmermann
1 MB, PDF
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Forecasting banknote circulation during the COVID-19 pandemic using structural time series models Discussion paper 20/2023: Nikolaus Bartzsch, Marco Brandi, Raymond de Pastor, Lucas Devigne, Gianluca Maddaloni, Diana Posada Restrepo, Gabriele Sene
14 MB, PDF
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The state-dependent impact of changes in bank capital requirements Discussion paper 19/2023: Jan Hannes Lang, Dominik Menno
2 MB, PDF
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Monetary policy rules under bounded rationality Discussion paper 18/2023: Michael Dobrew, Rafael Gerke, Daniel Kienzler, Alexander Schwemmer
3 MB, PDF
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The pass-through from inflation perceptions to inflation expectations Discussion paper 17/2023: Stefanie J. Huber, Daria Minina, Tobias Schmidt
4 MB, PDF
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Corporate taxes, productivity, and business dynamism Discussion paper 16/2023: Andrea Colciago, Vivien Lewis, Branka Matyska
2 MB, PDF