Looks at Greek debt situation. Points out that measures that do not reduce Greek debt in nominal terms, such as forbearance, reduce...

Globalization influences inflation and the transmission channels of monetary policy in various ways. The effects of globalization on...

Kieler Beiträge zur Wirtschaftspolitik No. 16: The German current account surplus in relation to GDP has reached record high levels in...

Explains the predictable rapid acceleration of inflation at this point in time as the result of base effects and the oil price...

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently...

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

The Euro area economy has lost momentum in the first half of 2018. The slowdown was due to country-specific temporary factors and a...

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

At present, widespread use of cryptocurrencies for payment would entail sub-stantial risks and costs. A digital central bank currency,...

Economic Recovery in the Euro Area has lost momentum in the second half of 2015. Due to dampening effects from the world economy and a...

The economic recovery in the euro area remains moderate. While several sentiment indicators have improved considerably over the past...

The world economy has gained traction in the course of 2016 despite elevated policy uncertainty and seems to have picked up further in...

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

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

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

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