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  • Topics: Monetary Policy
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  1. Research Center

    Macroeconomic Research

  2. Research Center

    Macroeconomic Stability and Financial Integration

  3. Research Center

    International Development

  4. Publication

    Inflation expectations: quo vadis?

    31.01.2022

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

  5. Publication

    Endogenous Growth, Skill Obsolescence and Optimal Monetary Policy

    30.11.2021

    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.

  6. Media Information

    Decision for Bundesbank chair also suits supporters of loose monetary policy in the short term

    20.12.2021

    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:

  7. Publication

    Japanese Monetary Policy and Household Saving

    29.10.2021

    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

  8. Publication

    Kiel Subsidy Report: Germany’s federal financial assistance in times of corona crisis

    08.12.2021

    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.

  9. Publication

    The role of asset prices and interest rates for the resilience of German public finances – a scenario analysis

    30.06.2021

    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.

  10. Publication

    The International Role of the Euro: State of Play and Economic Significance

    11.05.2020

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

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