Against the backdrop of the recent surge in inflation, we discuss available measures of inflation expectations and implications for monetary...

KBW 36: The extremely low interest environment during the 2010s has significantly facilitated the reduction of the gross government...

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

The paper argues that the monetary policy response to the COVID-19 crisis has been appropriate in terms of the ECB’s primary objective. The...

Against the backdrop of a trend towards a cashless society and the emergence of private electronic monies, the paper discusses properties of...

Risks to financial stability in the euro area appear to be contained for the time being, but could be substantial in the longer run. The...

Against the backdrop of slowing growth and subdued inflation in the euro area, we address the question to what extent additional monetary...

Following a brief discussion of the characteristics of money, we provide an overview of virtual currencies describing relevant technological...

This article (german) looks at the cryptocurrency phenomenon, in particular with regards to costs and scalability, stability of value, and...

Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices...

Negative interest rate policies (NIRP) have become an established monetary policy instrument in the toolkit of the ECB. We discuss NIRP in the...

Against the backdrop of European economies being in partial lockdown again due to the Covid-19 pandemic, this report presents an assessment of...

Trump has failed with his campaign promises to achieve complete revitalization of the US manufacturing industry. His economic policy has not...

KKB 1: Die weltwirtschaftliche Expansion ist im Verlauf des Jahres 2014 erneut ins Stocken geraten. Von einem Aufschwung, der von allen...

KKB 37: The world economy is currently expanding strongly with upward momentum in almost every major economy. Global activity is set to expand...

KKB 39: At the start of 2018 the global economy is in full swing. On a PPP-basis growth in 2017 was 3.9 percent, the highest rate since 2011.

KKB 43: The world economy has lost momentum in the beginning of this year, although partly due to special factors.

KBW 2: After the reunification, in Germany economic growth was weak from a historical as well as international perspective. In particular, the...

Kiel Policy Brief No. 102: The Italian economy has experienced a prolonged period of economic weakness which is especially problematic given...

Expectations about additional short-run gains from joining monetary union should not be too optimistic. Most of the expected gains from a...