Kiel Polity Brief No. 51: The monetary policy authorities of the Eurosystem have been operating in crisis mode for more than four years now.

The Eurosystem has been pursuing a crisis management policy for more than four years now. This policy aims primarily at maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in...

While the global fi nancial crisis had a strong impact on economic activity in Germany, the impact of the euro area crisis on economic activity in Germany has so far been relatively mild.

The Macroeconomic Imbalance Procedure (MIP) is part of the so-called Sixpack legislation of 2011 which was enacted to strengthen macroeconomic governance and is embedded in the European Semester. The MIP aims to identify, prevent and address the...

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.

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...

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