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Summary of the January Monthly Report
The role of trade in goods in the development of global imbalances
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Bundesbank records significantly higher distributable profit
The Bundesbank posted a profit of €5.8 billion for the 2019 financial year. Following adjustment of the reserves, the Bank also registered its highest distributable profit since 2008, at €5.9 billion, up from the previous year’s €2.4 billion. The Bundesbank has transferred the profit in full to the Federal Ministry of Finance.
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Do what you know and leave the rest to the experts: Quantifying the gains from efficient trade Mario Larch, Philipp Meinen, Arne J. Nagengast, Yoto V. Yotov
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Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap David Cook, Michael B. Devereux
874 KB, PDF
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Fresh momentum for Europe Speech upon acceptance of the Grand Decoration of Honour in Gold with Star for Services to the Republic of Austria
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Monthly Report: German economy still experiencing weak spell
21.08.2023 DE
The German economy is still experiencing a period of weakness. According to the Federal Statistical Office’s flash estimate, in the second quarter of 2023, seasonally adjusted real gross domestic product (GDP) stagnated at the level recorded in the previous quarter. The current issue of the Bundesbank’s Monthly Report reports that weak foreign demand and higher financing costs are weighing on the economy. The large backlog of orders in industry and construction and abating supply bottlenecks prevented an even weaker development. The sound labour market acted as a tailwind for the economy.
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Linking Deutsche Bundesbank Company Data Hendrik Doll, Eniko Gábor-Tóth, Christopher-Johannes Schild
319 KB, PDF
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