KBW 15: In a full reserve system, commercial banks would lose the ability to create money out of thin air and to use sight deposits as a source of funding.

KBW 11: The persistently high German current account surpluses are subject to increasing international criticism based on the presumption that they are negative

Kiel Policy Brief No. 90: According to the authors, improving institutions to stimulate entrepreneurial action and investment is the key for prosperity and growth in Greece.

Kiel Policy Brief No. 79: The recent decline in euro area inflation has triggered new calls for additional monetary stimulus in order to counter the threat of a self-reinforcing deflation and recession spiral.

Kiel Policy Brief No. 75: The current phase of low interest rates confronts German fiscal policy with a particular challenge. If monetary conditions induce a boom the risk will raise that the fiscal stance will be overstated by common methods.

KBW 5: The report addresses potential effects on the German economy by the extremely expansionary monetary policy of the Eurosystem with large liquidity flows into Germany. The authors discuss various monetary transmission channels from a theoretical...

Kiel Policy Brief No. 65: In the recent financial crisis unconventional monetary policy, in the form of forward guidance and quantitative easing, has taken center stage.

Kiel Policy Brief No. 58: The reason why the Euro zone crisis has dragged on for so long is that Europe's leaders have focused too much on short-term measures to patch up the emergency of the moment, rather than formulating a comprehensive plan.

Kiel Policy Brief No. 58a: The reason why the Euro zone crisis has dragged on for so long is that Europe's leaders have focused too much on short-term measures to patch up the emergency of the moment, rather than formulating a comprehensive plan.

Kiel Policy Brief No. 54: The ongoing sovereign debt crisis and the manifold attempts to resolve it imply the possibility that inflation rates in countries of the euro area will differ from one another for an extended period of time.