We summarise the empirical evidence on effects of asset purchases in the euro area, including the PEPP programme launched in response to the COVID-19 cr

This paper summarises recent trends in the international use of the euro and potential benefits and drawbacks of acquiring the status of an internationa

KBW 32: Unter dem Schlagwort Big Data werden neue und in Abgrenzung zur üblichen Wirtschaftsstatistik unkonventionelle Datenquellen zusammengefasst.

We consider how an investor in the foreign exchange market can exploit predictive information by means of flexible Bayesian inference. Using a variety of vector autoregressive models, the investor is able, each period, to learn about important data...

Sluggish adjustment of expectations to new information is rational in an environment characterized by information costs and signal-to-noise problems. This paper investigates the role of such information rigidities for exchange rate expectations using...

This paper analyses the importance of global shocks for the global economic developments and national policymakers from a novel perspective. On the one hand, we examine whether global factors convey additional information about monetary conditions...

This article takes a novel look at the relationship between government activity, partisan preferences and varieties of capitalism. Evidence from panel regressions for 25 EU countries from 1990 to 2014 suggests that there are major divides among...

2019.8: Die Konjunktur in Deutschland hat sich seit Beginn des Jahres 2018 spürbar eingetrübt. Gleichzeitig ist die globale wirtschaftspolitische Unsicherheit aufgrund verschiedener Ereignisse, wie den zunehmenden in­ternatio­nalen Handelskonflikten,...

2019.7: Seit Beginn des Jahres 2018 ist die globale wirtschaftspolitische Unsicherheit deutlich gestiegen. Dazu beigetragen haben nicht zuletzt die zunehmende Sorge vor einer Eskalation der internationalen Handels­konflikte und die ungeklärte...