Monthly Reports from August 1948 until today
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The Monthly Reports from 1948 to 1999 have been scanned. They are available as image files and cannot be searched as full texts.
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Monatsbericht – February 2023
The February 2023 edition of the Monthly Report comments on the economic situation in Germany in winter 2022/23.
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Monthly Report – January 2023
The January 2023 issue of the Monthly Report explores how monetary policy has evolved from the monetary pillar to the monetary and financial analysis. Another article looks at yield curves in economic analysis. In addition, the Report addresses the question of how mobile payment methods are used in Germany. Finally, consumer access to cash in Germany is discussed on the basis of an evaluation of the geographical availability of cash withdrawal locations.
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Monthly Report – December 2022
The December 2022 edition of the Bundesbank’s Monthly Report describes the outlook for the German economy for 2023 to 2025. Furthermore, it discusses the recent rise in energy prices in the context of Germany’s price competitiveness. The report also features an article entitled “Access to cash in Germany – results of a representative public survey”.
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Monthly Report – November 2022
The November 2022 edition of the Monthly Report comments on the economic situation in Germany in autumn 2022.
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Monthly Report – October 2022
The October 2022 edition of the Monthly Report examines the subject of state government finances in 2021, focusing on the surplus and growing reserves partly derived from emergency loans. Another article delves into Member States’ financial ties with the EU budget and the Next Generation EU (NGEU) off-budget entity. A third article discusses the validity of interest parity in times of crisis. In addition, the Monthly Report examines the market situation of Federal securities in the context of monetary policy purchases and heightened uncertainty.
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Monthly Report – September 2022
The September 2022 edition of the Monthly Report features an article on how the negative interest rate policy period and the pandemic are reflected in the Bank Lending Survey, and analyses the effects of reallocation in the corporate sector during the pandemic on developments in productivity. In other articles, the Monthly Report outlines the profitability of German credit institutions in 2021 and discusses the role of the International Monetary Fund in preventing and managing crises.
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Monthly Report – August 2022
The August 2022 edition of the Monthly Report comments on the economic situation in Germany in summer 2022.
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Monthly Report – July 2022
The July 2022 Monthly Report presents results and use cases of distributional wealth accounts (DWA) for households in Germany and describes the evolution of the creditor structure of government debt in the euro area. It also analyses the factors influencing international portfolio flows and contains an article on the cross-border interoperability of central bank digital currency.
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Monthly Report – June 2022
The June 2022 edition of the Monthly Report outlines the outlook for the German economy for 2022 to 2024 and lays out long-term scenarios and options for reforming the pension insurance scheme. Furthermore, it analyses both bracket creep in income tax rates and the current developments and challenges facing public finances in the euro area. The report concludes with an article on the survey of firms conducted by the Deutsche Bundesbank and how it is used to assess the financial situation of the corporate sector.
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Monthly Report – May 2022
The May 2022 edition of the Monthly Report comments on the economic situation in spring 2022.