We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR)...

Over the past months, the Covid-19 pandemic has progressively affected economic activity globally, including in Germany. ...

KKB 63: In early 2020 the world economy is severely affected by the consequences of a novel coronavirus and the measures implemented...

KKB 61: World output growth has slowed further in the course of 2019. However, most recently signs of stabilization appeared,...

Die deutsche Wirtschaft befindet sich seit Beginn des Jahres 2018 im Abschwung, wobei die konjunkturelle Dynamik vor allem durch das...

The paper re‐examines the real effects of credible disinflation in the presence of real wage rigidities and non‐linear dynamics. A...

The effects of monetary policy during financial crises differ substantially from those in normal times. Using a panel VAR for 20...

This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with...

We analyze the implications of trend growth for optimal monetary policy in the presence of search and matching unemployment. We show...

KKB 57: In the first half of 2019, world economic activity has remained sluggish. While economic activity in the industrial countries...

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

KKB 15: Global growth has slowed down recently. While the world economy should gradually regain pace over the coming quarters, overall...

KKB 13: Global growth slowed in 2015. While we forecast the world economy to gradually gain momentum over the coming two years, the...

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

KKB 9: The world economy is expanding at a more moderate pace with growth momentum continuing to shift from emerging to advanced...

KKB 21: During the first half of the year global growth remained sluggish. While activity in emerging economies stabilized, growth in...

KKB 19: The world economy seems to have stabilized in the first months of the year. The underlying growth dynamics, however, remain...

KKB 25: World economic growth has picked up from the sluggish pace registered at the start of the year. We expect global growth at...

KKB 27: The world economy has gained traction in the course of 2016 despite elevated policy uncertainty and seems to have picked up...

KKB 31: In the middle of 2017, the world economy is experiencing robust growth. Especially in the advanced economies economic...