KKB 77: The second wave of the Covid-19 pandemic has interrupted the recovery in Germany. GDP is set to decline in the first quarter...

KKB 76: One year after the start of the pandemic, lockdown measures and behavioural changes still weigh on economic activity in the...

The recovery of the German economy is interrupted. The main reasons are the second Covid wave and the shutdown measures that have been...

We summarise the empirical evidence on effects of asset purchases in the euro area, including the PEPP programme launched in response...

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

KKB 71: The German economy is recovering from the COVID-19 shock. With the successful containment of the coronavirus, output has...

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

We take stock of the current evidence on fragmentation in financial markets in the  euro area and discuss policy options to...

Inflation has been persistently below the inflation target of the ECB despite the ongoing economic recovery in the euro area. In this...

KKB 64: The spread of the corona virus poses major challenges for the euro area economy. Sentiment indicators for February still point...

KKB 62: The German economy is recovering only gradually. After a weak summer half-year, gross domestic product will hardly do more...

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

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

KKB 58: The euro area economy is currently expanding at a moderate pace. The underlying momentum has slowed noticeably since early...

KKB 10: Economic activity in the Euro Area is gradually gaining grip in 2015. Sentiment indicators suggest that the current - rather...

KKB 7: Following a weak start into 2015, the global economy is expected to pick up again in the course of this year. ...

KKB 8: The German economy remains on a robust growth track. For the current year we expect GDP to increase by 1.8 percent. Next year,...

KKB 14: German GDP is expected to increase by 1.8 percent (2015), 2.2 percent (2016), and 2.3 percent (2017). With capacity...

KKB 17: The German economy remains robust in a difficult international climate. In the current year, we expect GDP to increase by 2...

KKB 20: The economic upswing in Germany is set to con­tinue. GDP is likely to grow 1.9 percent this year and 2.1 percent next year....