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Experience and Evidence Speech at the graduation ceremony for Master’s students of the Faculty of Economics and Business Administration at the Goethe University Frankfurt
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German balance of payments in November 2020
Germany’s current account recorded a surplus of €21.3 billion in November 2020, down €1.6 billion from the previous month’s level. This was primarily attributable to a decrease in the goods account surplus. By contrast, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, expanded only slightly.
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Zusammenfassung der geldpolitischen Sitzung des Rates der Europäischen Zentralbank am 29.-30. April 2026
339 KB, PDF
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German balance of payments in August 2020
Germany’s current account recorded a surplus of €16.5 billion in August 2020, down €4.6 billion from the previous month’s level.
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German balance of payments in October 2020
Germany’s current account recorded a surplus of €22.5 billion in October 2020, down €2.7 billion from the previous month’s level.
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Climate change and central banks Guest contribution in Corriere della Sera and Frankfurter Allgemeine Zeitung
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Update Inflation – gekommen, um zu bleiben? Rede beim Wirtschaftsrat der CDU Sektion Karlsruhe/Bruchsal
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Deposit Insurance without Commitment by Russell Cooper and Hubert Kempf Discussion Leopold von Thadden
136 KB, PDF