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Monetary policy played a pivotal role in the Great Depression Research Brief | 39th edition – March 2021
The root causes of the Great Depression from 1929 to 1933 have been researched extensively. In this context, economic historians view central bank policy as having played a pivotal role, something which empirical modelling often fails to confirm. A new study likewise examines this influence empirically, but more explicitly takes into account the functioning of the international monetary system at the time – the international gold standard.
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Optimal fiscal substitutes for the exchange rate in a monetary union Discussion paper 44/2016: Christoph Kaufmann
719 KB, PDF
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Monthly Report – December 2021
The December 2021 edition of the Monthly Report outlines Germany’s economic outlook for 2022 to 2024 and analyses the profitability and financing of German enterprises in 2020.
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Corporate taxes, productivity, and business dynamism Discussion paper 16/2023: Andrea Colciago, Vivien Lewis, Branka Matyska
2 MB, PDF
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Quantitative Easing (QE) in Crises, Currency Markets, and Trade 7th International Conference on Sovereign Bond Markets
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Changing forces of gravity: how the crisis affected international banking Discussion paper 48/2013: Claudia M. Buch, Katja Neugebauer, Christoph Schröder
596 KB, PDF
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Unconventional monetary policy in an open economy Discussion paper 41/2014: Jana Gieck
399 KB, PDF