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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Dynamic pricing and exchange rate pass-through: Evidence from transaction-level data Discussion paper 16/2020: Arne J. Nagengast, Dirk Bursian, Jan-Oliver Menz
424 KB, PDF
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Demographics and the decline in firm entry: Lessons from a life-cycle model Discussion paper 15/2020: Oke Röhe, Nikolai Stähler
1012 KB, PDF
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The impact of uncertainty and certainty shocks Discussion paper 14/2020: Yves S. Schüler
1 MB, PDF
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Central bank information shocks and exchange rates Discussion paper 13/2020: Thorsten Franz
2 MB, PDF
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Measuring spatial price differentials: A comparison of stochastic index number methods Discussion paper 12/2020: Sebastian Weinand
2 MB, PDF
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On adjusting the one-sided Hodrick-Prescott filter Discussion paper 11/2020: Elias Wolf, Frieder Mokinski, Yves Schüler
663 KB, PDF
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Implications of negative interest rates for the net interest margin and lending of euro area banks Discussion paper 10/2020: Melanie Klein
718 KB, PDF
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The market impact of systemic risk capital surcharges Discussion paper 09/2020: Yalin Gündüz
2 MB, PDF
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Recession probabilities falling from the STARs Discussion paper 08/2020: Sercan Eraslan, Marvin Nöller
832 KB, PDF
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Leaping into the dark: A theory of policy gambles Discussion paper 07/2020: Kartik Anand, Prasanna Gai, Philipp J. König
812 KB, PDF
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Partial pooling with cross-country priors: An application to house price shocks Discussion paper 06/2020: Markus Roth
839 KB, PDF
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Financial variables as predictors of real growth vulnerability Discussion paper 05/2020: Lucrezia Reichlin, Giovanni Ricco, Thomas Hasenzagl
2 MB, PDF
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Financial stability committees and the countercyclical capital buffer Discussion paper 04/2020: Rochelle M. Edge, J. Nellie Liang
1 MB, PDF
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The power of forward guidance in a quantitative TANK model Discussion paper 03/2020: 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 Discussion paper 02/2020: Vanessa Dräger, Lotta Heckmann-Draisbach, Christoph Memmel
482 KB, PDF
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Indeterminacy and imperfect information Discussion paper 01/2020: 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 Discussion paper 49/2019: 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? Discussion paper 48/2019: Viral V. Acharya, Sascha Steffen, Björn Imbierowicz, Daniel Teichmann
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Financial frictions, the Phillips curve and monetary policy Discussion paper 47/2019: Philipp Lieberknecht
1 MB, PDF
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The impact of US tariffs against China on US imports: Evidence for trade diversion? Discussion paper 46/2019: 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 Discussion paper 45/2019: 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 Discussion paper 44/2019: 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 Discussion paper 43/2019: Giulio Bagattini, Falko Fecht, Patrick Weber
1 MB, PDF
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OTC discount Discussion paper 42/2019: Calebe de Roure, Emanuel Moench, Loriana Pelizzon, Michael Schneider
1 MB, PDF
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Nowcasting GDP with a large factor model space Discussion paper 41/2019: Sercan Eraslan, Maximilian Schröder
7 MB, PDF
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Cross-country differences in homeownership: A cultural phenomenon? Discussion paper 40/2019: Stefanie J. Huber, Tobias Schmidt
3 MB, PDF
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Foreign exchange dealer asset pricing Discussion paper 39/2019: Stefan Reitz, Dennis Umlandt
1004 KB, PDF
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The real effects of bank distress: evidence from bank bailouts in Germany Discussion paper 38/2019: Johannes Bersch, Hans Degryse, Thomas Kick, Ingrid Stein
1 MB, PDF
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Statistical governance and FDI in emerging economies Discussion paper 37/2019: Ulf von Kalckreuth
1 MB, PDF
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Uncertainty shocks and financial crisis indicators Discussion paper 36/2019: Nikolay Hristov, Markus Roth
2 MB, PDF
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Estimating regional wealth in Germany: How different are east and west really? Discussion paper 35/2019: Ann-Kristin Kreutzmann, Philipp Marek, Nicola Salvati, Timo Schmid
5 MB, PDF
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Expectations formation, sticky prices, and the ZLB Discussion paper 34/2019: 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 Discussion paper 33/2019: Matthias Schön, Nikolai Stähler
1 MB, PDF
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Price trends over the product life cycle and the optimal inflation target Discussion paper 32/2019: Klaus Adam, Henning Weber
1 MB, PDF
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A novel housing price misalignment indicator for Germany Discussion paper 31/2019: Markus Hertrich
1 MB, PDF
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Risk weighting, private lending and macroeconomic dynamics Discussion paper 30/2019: Michael Donadelli, Marcus Jüppner, Lorenzo Prosperi
1 MB, PDF
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Going the extra mile: Effort by workers and job-seekers Discussion paper 29/2019: Matthias S. Hertweck, Vivien Lewis, Stefania Villa
1 MB, PDF
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Forecast uncertainty, disagreement, and the linear pool Discussion paper 28/2019: Malte Knüppel, Fabian Krüger
3 MB, PDF
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Do conventional monetary policy instruments matter in unconventional times? Discussion paper 27/2019: 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 Discussion paper 26/2019: 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 Discussion paper 25/2019: Alexander Falter
1 MB, PDF
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Capital flows in the euro area and TARGET2 balances Discussion paper 24/2019: 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 Discussion paper 23/2019: Martin Mandler, Michael Scharnagl
3 MB, PDF
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Financial cycles across G7 economies: A view from wavelet analysis Discussion paper 22/2019: Martin Mandler, Michael Scharnagl
4 MB, PDF
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Bank profitability, leverage constraints, and risk-taking Discussion paper 21/2019: Natalya Martynova, Lev Ratnovski, Razvan Vlahu
1 MB, PDF
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The rise of part-time work: A German-French comparison Discussion paper 20/2019: Petra Marotzke
279 KB, 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? Discussion paper 19/2019: 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 Discussion paper 18/2019: Björn Brey, Matthias S. Hertweck
1 MB, PDF
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Stress testing the German mortgage market Discussion paper 17/2019: Nataliya Barasinska, Philipp Haenle, Anne Koban, Alexander Schmidt
903 KB, PDF
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Extreme inflation and time-varying consumption growth Discussion paper 16/2019: Ilya Dergunov, Christoph Meinerding, Christian Schlag
2 MB, PDF