Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research centre of the Deutsche Bundesbank.
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Does greater transparency discipline the loan loss provisioning of privately held banks? Discussion paper 40/2020: Jannis Bischof, Daniel Foos, Jan Riepe
1 MB, PDF
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Financial shocks and the relative dynamics of tangible and intangible investment: Evidence from the euro area Discussion paper 39/2020: Johannes Gareis, Eric Mayer
441 KB, PDF
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Procyclical asset management and bond risk premia Discussion paper 38/2020: Alexandru Barbu, Christoph Fricke, Emanuel Moench
1 MB, PDF
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Negative monetary policy rates and systemic banks‘ risk-taking: Evidence from the euro area securities register Discussion paper 37/2020: Johannes Bubeck, Angela Maddaloni, José-Luis Peydró
552 KB, PDF
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Central bank funding and credit risk-taking Discussion paper 36/2020: Peter Bednarek, Valeriya Dinger, Daniel Marcel te Kaat, Natalja von Westernhagen
436 KB, PDF
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Fiscal sustainability during the COVID-19 pandemic Discussion paper 35/2020: Patrick Hürtgen
605 KB, PDF
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Robust inference in time-varying structural VAR models: The DC-Cholesky multivariate stochastic volatility model Discussion paper 34/2020: Benny Hartwig
5 MB, PDF
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Identifying indicators of systemic risk Discussion paper 33/2020: Benny Hartwig, Christoph Meinerding, Yves Schüler
1 MB, PDF
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The (ir)relevance of the nominal lower bound for real yield curve analysis Discussion paper 32/2020: Fabian Schupp
2 MB, PDF
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The fiscal footprint of macroprudential policy Discussion paper 31/2020: Ricardo Reis
1 MB, PDF
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The impact of aging and automation on the macroeconomy and inequality Discussion paper 30/2020: Nikolai Stähler
693 KB, PDF
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Estimating the effects of the Eurosystem’s asset purchase programme at the country level Discussion paper 29/2020: Martin Mandler, Michael Scharnagl
861 KB, PDF
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On the credit-to-GDP gap and spurious medium-term cycles Discussion paper 28/2020: Yves Schüler
1 MB, PDF
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Loan supply and bank capital: A micro-macro linkage Discussion paper 27/2020: Thomas Kick, Swetlana Malinkovich, Christian Merkl
4 MB, PDF
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Stressed banks? Evidence from the largest-ever supervisory review Discussion paper 26/2020: Puriya Abbassi, Rajkamal Iyer, José-Luis Peydró, Paul E. Soto
2 MB, PDF
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Compilation of commercial property price indices for Germany tailored for policy use Discussion paper 25/2020: Thomas A. Knetsch
1 MB, PDF
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Measuring price dynamics of package holidays with transaction data Discussion paper 24/2020: Karola Henn, Chris-Gabriel Islam, Patrick Schwind, Elisabeth Wieland
2 MB, PDF
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Interbank risk assessment – A simulation approach Discussion paper 23/2020: Maximilian Jager, Thomas Siemsen, Johannes Vilsmeier
662 KB, PDF
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Long-term outlook for the German statutory pension system Discussion paper 22/2020: Matthias Schön
2 MB, PDF
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Foreign exchange interventions under a one-sided target zone regime and the Swiss franc Discussion paper 21/2020: Markus Hertrich
758 KB, PDF
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The German housing market cycle: Answers to FAQs Discussion paper 20/2020: Florian Kajuth
575 KB, PDF
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Unconventional monetary policy shocks in the euro area and the sovereign-bank nexus Discussion paper 19/2020: Nikolay Hristov, Oliver Hülsewig, Johann Scharler
791 KB, PDF
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Doing more with less: The catalytic function of IMF lending and the role of program size Discussion paper 18/2020: Tobias Krahnke
1 MB, PDF
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Rebalancing the euro area: Is wage adjustment in Germany the answer? Discussion paper 17/2020: Mathias Hoffmann, Martin Kliem, Michael Krause, Stephane Moyen, Radek Sauer
2 MB, PDF
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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