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Do sticky prices increase real exchange rate volatility at the sector level ? M. Crucini, M. Shintani, T. Tsuruga
316 KB, PDF
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The future of the European monetary union Speech delivered at the IHK Rhein-Neckar New Year’s Reception
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Monthly Report: German economy beginning to recover
17.07.2023 DE
German economic output is likely to have gone up slightly again in the second quarter of 2023,
according to the Monthly Report. Private consumption has stabilised after previously having fallen. According to the experts, the fact that the labour market remained in good shape, wages rose sharply and price inflation did not continue to accelerate contributed to this development. Meanwhile, the decline in foreign demand was a drag on industry and the rise in funding costs dampened domestic investment. The Bundesbank is expecting the economy to recover haltingly later in the year. -
Collateral Constraints and Macroeconomic Asymmetries Luca Guerrieriy, Matteo Iacoviello
320 KB, PDF
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Introductory comments at the press conference to present the annual accounts
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Summary of the January Monthly Report
The role of trade in goods in the development of global imbalances