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

Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices and other

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.

Negative interest rate policies (NIRP) have become an established monetary policy instrument in the toolkit of the ECB. We discuss NIRP in the euro area

KBW 34: Higher net immigration to Germany might be key to cushioning the working-age population's aging.

KBW 32: The buzzword "big data" is used to describe new and unconventional data sources that differ from standard business statistics.

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

Volkswirtschaften spezialisieren sich typischerweise entlang ihrer komparativen Vorteile auf die Produktion bestimmter Güter. Dadurch können sie Vorte

KBW 19: Measures of potential output and the output gap are of great importance for policy-makers who need to assess the cyclical position of the economy and its productive capacity.

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation ta