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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Monthly Report – August 2021
The August 2021 edition of the Monthly Report comments on the economic situation in Germany in summer 2021.
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Monthly Report – July 2021
The July 2021 edition of the Bundesbank’s Monthly Report features an article on cross-border corporate takeovers and the impact of internationalisation on firms in Germany. Furthermore, crypto-tokens and decentralised finance apps are outlined and digital risks in the banking sector discussed. In addition, the connection between macroprudential policy and Growth-at-Risk is analysed.
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Monthly Report – June 2021
The June 2021 edition of the Bundesbank’s Monthly Report outlines the outlook for the German economy for 2021 to 2023 and analyses how the central bank’s asset purchases increase the sensitivity of government finances to interest rate changes. It also features an article on central government debt and why interest payment premiums should be booked on an accrual basis, while, on the topic of local government debt, a further article discusses how local government budget imbalances can be avoided and cash advances limited.
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Monthly report – May 2021
The May 2021 edition of the Monthly Report comments on the economic situation in Germany in spring 2021.
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Monthly report – April 2021
The Bundesbank’s April 2021 Monthly Report outlines the impact of monetary policy depending on the debt situation of the non-financial private sector and presents evidence for the euro area. It also examines firms’ assessments and expectations during the pandemic based on findings from the Bundesbank Online Panel Firms. A further article discusses the payment options opened up by digital money.
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Monthly report – March 2021
The March 2021 Monthly Report analyses Germany’s balance of payments for 2020 and outlines the new European prudential framework for investment firms.
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Monthly report – February 2021
The February 2021 edition of the Monthly Report comments on the economic situation in Germany in winter 2020/2021.
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Monthly Report – January 2021
The January 2021 edition of the Monthly Report analyses the slowdown in productivity growth in the euro area and describes the data collection methodology and analysis options for the new securities holding statistics on banking groups. It also discusses the two-tier system for remunerating reserve holdings and its impact on banks and financial markets.
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Monthly report - December 2020
The December 2020 edition of the Monthly Report outlines Germany’s economic outlook for 2021 to 2023 and explores the informative value of national fiscal indicators in the case of debt at the European level. In addition, it describes the national implementation of the European banking package in Germany through the Risk Reduction Act (Risikoreduzierungsgesetz – RiG) and analyses the profitability and financing of German enterprises in 2019.
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Monthly report - November 2020
The November 2020 edition of the Monthly Report comments on the economic situation in Germany in autumn 2020.