Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research center of the Deutsche Bundesbank.
Subscribe to the newsletter for discussion papers
-
Interest rate risk of life insurers – evidence from accounting data Discussion paper 10/2017: Axel Möhlmann
298 KB, PDF
-
Drivers of systemic risk: Do national and European perspectives differ? Discussion paper 09/2017: Claudia M. Buch, Thomas Krause, Lena Tonzer
2 MB, PDF
-
The effects of US monetary policy shocks: applying external instrument identification to a dynamic factor model Discussion paper 08/2017: Mark Kerssenfischer
437 KB, PDF
-
Bank stress testing under different balance sheet assumptions Discussion paper 07/2017: Ramona Busch, Christian Drescher, Christoph Memmel
820 KB, PDF
-
Scarcity effects of QE: a transaction-level analysis in the Bund market Discussion paper 06/2017: Kathi Schlepper, Heiko Hofer, Ryan Riordan, Andreas Schrimpf
1 MB, PDF
-
A model-based analysis of the macroeconomic impact of the refugee migration to Germany Discussion paper 05/2017: Nikolai Stähler
852 KB, PDF
-
External financing and economic activity in the euro area – Why are bank loans special? Discussion paper 04/2017: Iñaki Aldasoro, Robert Unger
3 MB, PDF
-
The role of structural funding for stability in the German banking sector Discussion paper 03/2017: Fabian Schupp, Leonid Silbermann
1 MB, PDF
-
Cross-border prudential policy spillovers: How much? How important? Evidence from the international banking research network Discussion paper 02/2017: Claudia M. Buch, Linda Goldberg
758 KB, PDF
-
Will German banks earn their cost of capital? Discussion paper 01/2017: Andreas Dombret, Yalin Gündüz, Jörg Rocholl
1 MB, PDF
-
Trade in value added: Do we need new measures of competitiveness? Discussion paper 52/2016: Kirsten Lommatzsch, Maria A. Silgoner, Paul Ramskogler
799 KB, PDF
-
Fire buys of central bank collateral assets Discussion paper 51/2016: Calebe de Roure
522 KB, PDF
-
The imperfect-common-knowledge Phillips curve: Calvo versus Rotemberg Discussion paper 50/2016: Radek Šauer
342 KB, PDF
-
The effect of conventional and unconventional euro area monetary policy on macroeconomic variables Discussion paper 49/2016: Arne Halberstadt, Leo Krippner
2 MB, PDF
-
On measuring uncertainty and its impact on investment: cross-country evidence from the euro area Discussion paper 48/2016: Philipp Meinen, Oke Röhe
1 MB, PDF
-
Macroeconomic now- and forecasting based on the factor error correction model using targeted mixed frequency indicators Discussion paper 47/2016: Jeong-Ryeol Kurz-Kim
615 KB, PDF
-
Time-varying volatility, financial intermediation and monetary policy Discussion paper 46/2016: Sandra Eickmeier, Norbert Metiu, Esteban Prieto
797 KB, PDF
-
Support for the SME supporting factor – multi-country empirical evidence on systematic risk factor for SME loans Discussion paper 45/2016: Michel Dietsch, Philipp Koziol, Klaus Düllmann, Christine Ott, Henri Fraisse
1 MB, PDF
-
Optimal fiscal substitutes for the exchange rate in a monetary union Discussion paper 44/2016: Christoph Kaufmann
719 KB, PDF
-
The determinants of CDS spreads: evidence from the model space Discussion paper 43/2016: Matthias Pelster, Johannes Vilsmeier
1 MB, PDF
-
Spillover effects of credit default risk in the euro area and the effects on the euro: a GVAR approach Discussion paper 42/2016: Timo Bettendorf
455 KB, PDF
-
Financial shocks and inflation dynamics Discussion paper 41/2016: Angela Abbate, Sandra Eickmeier, Esteban Prieto
574 KB, PDF
-
Thoughts on a fiscal union in EMU Discussion paper 40/2016: Niklas Gadatsch, Josef Hollmayr, Nikolai Stähler
1 MB, PDF
-
Learning about banks’ net worth and the slow recovery after the financial crisis Discussion paper 39/2016: Josef Hollmayr, Michael Kühl
895 KB, PDF
-
The effects of government bond purchases on leverage constraints of banks and non-financial firms Discussion paper 38/2016: Michael Kühl
1 MB, PDF
-
Potential implications of a NSFR on German banks‘ credit supply and profitability Discussion paper 37/2016: Matthias Schmitt, Christian Schmaltz
2 MB, PDF
-
On the suitability of alternative competitiveness indicators for explaining real exports of advanced economies Discussion paper 36/2016: Christoph Fischer, Oliver Hossfeld, Karin Radeck
352 KB, PDF
-
Solving RE models with discontinuous policy rules – an application to minimum wage setting in Germany Discussion paper 35/2016: Dirk Bursian
597 KB, PDF
-
Cross-border transmission of emergency liquidity Discussion paper 34/2016: Thomas Kick, Michael Koetter, Manuela Storz
1 MB, PDF
-
Optimal unemployment insurance and international risk sharing Discussion paper 33/2016: Stéphane Moyen, Nikolai Stähler, Fabian Winkler
568 KB, PDF
-
Below the zero lower bound – a shadow-rate term structure model for the euro area Discussion paper 32/2016: Wolfgang Lemke, Andreea L. Vladu
715 KB, PDF
-
Inflation expectations, disagreement, and monetary policy Discussion paper 31/2016: Mathias Hoffmann, Patrick Hürtgen
485 KB, PDF
-
How does P2P lending fit into the consumer credit market? Discussion paper 30/2016: Calebe de Roure, Loriana Pelizzon, Paolo Tasca
445 KB, PDF
-
Capturing information contagion in a stress-testing framework Discussion paper 29/2016: Kartik Anand, Céline Gauthier, Prasanna Gai, Moez Souissi
-
Approximating fixed-horizon forecasts using fixed-event forecasts Discussion paper 28/2016: Malte Knüppel, Andreea L. Vladu
471 KB, PDF
-
International banking and cross-border effects of regulation: lessons from Germany Discussion paper 27/2016: Jana Ohls, Marcus Pramor, Lena Tonzer
594 KB, PDF
-
Budget-neutral labour tax wedge reductions: a simulation-based analysis for selected euro area countries Discussion paper 26/2016: Maria-Grazia Attinasi, Doris Prammer, Nikolai Stähler, Martino Tasso, Stefan van Parys
662 KB, PDF
-
Flying under the radar: the effects of short-sale disclosure rules on investor behavior and stock prices Discussion paper 25/2016: Stephan Jank, Christoph Roling, Esad Smajlbegovic
737 KB, PDF
-
The payout behaviour of German savings banks Discussion paper 24/2016: Matthias Köhler
394 KB, PDF
-
Transmission of global financial shocks to EMU member states: the role of monetary policy and national factors Discussion paper 23/2016: Maria Gelman, Axel Jochem, Stefan Reitz
1 MB, PDF
-
Banks’ interest rate risk and search for yield: a theoretical rationale and some empirical evidence Discussion paper 22/2016: Christoph Memmel, Atılım Seymen, Max Teichert
582 KB, PDF
-
On the dynamics of the investment income balance Discussion paper 21/2016: Thomas A. Knetsch, Arne J. Nagengast
800 KB, PDF
-
The effect of bank shocks on firm-level and aggregate investment Discussion paper 20/2016: João Amador, Arne J. Nagengast
1 MB, PDF
-
Point, interval and density forecasts of exchange rates with time-varying parameter models Discussion paper 19/2016: Angela Abbate, Massimiliano Marcellino
900 KB, PDF
-
Black Monday, globalization and trading behavior of stock investors Discussion paper 18/2016: Jeong-Ryeol Kurz-Kim
533 KB, PDF
-
Asset encumbrance, bank funding and financial fragility Discussion paper 17/2016: Toni Ahnert, Kartik Anand, Prasanna Gai, James Chapman
594 KB, PDF
-
Interbank intermediation Discussion paper 16/2016: Marcel Bluhm, Co-Pierre Georg, Jan-Pieter Krahnen
884 KB, PDF
-
High-frequency trading in the Bund futures market Discussion paper 15/2016: Kathi Schlepper
5 MB, PDF
-
How central is central counterparty clearing? A deep dive into a European repo market during the crisis Discussion paper 14/2016: André Ebner, Falko Fecht, Alexander Schulz
2 MB, PDF
-
The joint dynamics of sovereign ratings and government bond yields Discussion paper 13/2016: Makram El-Shagi, Gregor von Schweinitz
583 KB, PDF