The economic researchers at the Kiel Institute have revised their forecast for the GDP growth rate for the current and coming year...

We examine both the degree and the structural stability of inflation persistence at different quantiles of the conditional inflation...

We examine both the degree and the structural stability of inflation persistence at different quantiles of the conditional inflation...

German GDP expected to increase by 1.8 percent (2015), 2.1 percent (2016), and 2.3 percent (2017) – Strong consumption growth is...

German economy is regaining momentum driven by private consumption – German GDP is expected to increase by 1.8 percent (2015) and 2.0...

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used...

The flagging last half-year is still having an effect. The business cycle researchers at the Kiel Institute have revised their...

I analyze spillover effects from Euro area monetary policy shocks to thirteen EU countries outside the Euro area, i.e., ten countries...

In-Depth Analysis in preparation for the Monetary Dialogue for the European Parliament in September 2015 ...

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used...

The desirability of flexible exchange rates is a central tenet in international macroeconomics. We show that, with forward-looking...

The economic recovery in the euro area lost considerable momentum in 2004. After a strong increase in the first half of the year, real...

In the spring of 2004, the euro-area economy is on the road of recovery.

I analyze spillover effects from a Euro area monetary policy shock to fourteen European countries outside the Euro area. The analysis...

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

As a result of relatively weak external demand, continuing financial uncertainty and the contractionary stance of fiscal policy,...

The recovery in the world economy from the deepest recession since the 1930s strengthened during the first half of 2010, aided by...

Since EUROFRAME published its economic assessment of the Euro Area last year (EUROFRAME 2014), conditions have disimproved somewhat....

Since EUROFRAME published its economic assessment of the Euro Area last year (EUROFRAME, 2013) relatively little has changed. Our...