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

We analyze Ramsey optimal monetary policy in a New-Keynesian model with search and matching frictions featuring (i) training costs due to skill loss from long-term unemployment and (ii) endogenous growth through learning-by-doing externalities.

Prof. Dr. Stefan Kooths, Head of Forecasting and Vice President of the Kiel Institute, comments on the appointment of Joachim Nagel as the new President of the Bundesbank:

This article analyzes the impact of monetary policy on household saving in Japan between 1993 and 2017. Using annual data from the Japan Panel Survey of

KBW 37: The present Kiel subsidy report focuses on the analysis of federal financial assistance in 2021 and the extent to which expenditures in 2020 and 2021 related to the Corona pandemic are subsidies.

KBW 36: The extremely low interest environment during the 2010s has significantly facilitated the reduction of the gross government debt-to-GDP ratio in Germany in the aftermath of the global financial crisis.

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