iiinova — where your digital self keeps evolving

Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 22h

📚 #CallForPapers: Submit your #research to the conference "Financial Stability in the Era of Artificial Intelligence and Digital Finance", hosted by our Munich branch on March 18-19, 2027. Deadline: November 2, 2026. More information here: bundesbank.de/content/1008394

bundesbank.de

Financial Stability in the Era of Artificial Intelligence and Digital Finance

The main purpose of research conducted by the Bundesbank is to develop and consolidate academic expertise in the fields of economics, banking and financial stability.

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 29/09/2026

What are the macro-financial implications if the safe haven status shifts from the US to the euro area? Read here about the newest discussion paper on "Safe haven status and international shock transmission". www.bundesbank.de/dp-en/2026-30

bundesbank.de

Safe haven status and international shock transmission

Stefan Hasenclever, Benedikt Kolb

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 30/09/2026

What is the macroeconomic impact of stablecoins? Read here about the newest discussion paper on "The Macroeconomics of stablecoins". www.bundesbank.de/dp-en/2026-31

bundesbank.de

The macroeconomics of stablecoins

Boris Hofmann, Matthias Kaldorf, Matthias Rottner

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 14/09/2026

What affects the functioning of financial markets? At the 21st Central Bank Conference on Financial Market Microstructure, hosted by the Deutsche Bundesbank, researchers, policymakers & practitioners explored funding, transparency, safe assets & AI in financial markets. bundesbank.de/content/1008266

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 14/09/2026

Why did inflation rise gradually after the COVID‑19 pandemic, and why did central banks initially respond so cautiously? Read our new discussion paper on "The consequences of optimism and pessimism for inflation dynamics and monetary policy " here: 👉 www.bundesbank.de/content/968330

bundesbank.de

The consequences of optimism and pessimism for inflation dynamics and monetary policy

Stefan Hasenclever, Mathias Hoffmann

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 15/09/2026

How does a possible de-anchoring of inflation expectations alter the conventional monetary policy prescription of looking through sectoral shocks? Read our new discussion paper on "On looking through sectoral shocks: The role of (de-)anchored inflation expectations" www.bundesbank.de/content/973908

bundesbank.de

The consequences of optimism and pessimism for inflation dynamics and monetary policy

Stefan Hasenclever, Mathias Hoffmann

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 04/09/2026

Climate policy shocks create a stabilisation trade-off for monetary policy by pushing inflation and output in opposite directions. Read the full discussion paper on the topic here 👉bundesbank.de/content/992092

bundesbank.de

Navigating climate policy shocks: Optimal monetary policy responses

Marco Carli, Francesca Diluiso, Mathias Hoffmann

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 11/09/2026

Die durchschnittlichen Inflationserwartungen der Privatpersonen in Deutschland für die kommenden zwölf Monate sanken im August um 0,1 Prozentpunkte auf nunmehr 3,2 Prozent. Weitere Informationen: bundesbank.de/content/849084

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 11/09/2026

Are we currently more or less uncertain about future inflation or growth than we were some years ago? Read our new discussion paper on "Survey design and professional forecasters: The case of uncertainty in the US SPF" here 👉 bundesbank.de/content/934468

bundesbank.de

Survey design and professional forecasters: The case of uncertainty in the US SPF

Malte Knüppel, Lora Pavlova

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 18/08/2026

How can we analyze the systematic effects of ECB collateral policy on banks, financial markets, and sovereign bond markets? Read our new discussion paper on "Collateral policy suprises" here 👉 bundesbank.de/content/957108

bundesbank.de

Collateral policy surprises

Pia Hüttl, Gökhan Ider, Matthias Kaldorf

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 28/08/2026

What happens when tariffs affect more than just individual industries? Read the new discussion paper on "Import tariff transmission in a production network" here: 👉 www.bundesbank.de/content/920638

bundesbank.de

Long-term implications of a digital euro on liquidity and funding costs in the German banking system

Ulrich Krüger, Lui-Hsian Wong

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 11/08/2026

Probabilities of default (PDs) estimates inherently carry general estimation uncertainty. A new discussion paper provides practical insights for enhancing MoC C quantification in PD estimates by analyzing default rates with overlapping one-year performance windows. 👉 bundesbank.de/content/959830

bundesbank.de

Homepage

The Deutsche Bundesbank is the central bank of the Federal Republic of Germany. The main business is the monetary policy of the Eurosystem.

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 14/08/2026

Under which conditions do usability constraints for regulatory capital buffers emerge? Read our new discussion paper on "A structural model of capital buffer usability" here 👉 bundesbank.de/content/957106

bundesbank.de

A structural model of capital buffer usability

Jan Hannes Lang, Dominik Menno

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 27/07/2026

Does long-run inflation matter for financial stability? A new discussion paper examines how trend inflation affects the likelihood of banking panics. 👉 bundesbank.de/content/959872

bundesbank.de

Long-run inflation and financial panics

Nikolay Hristov, Dominik Menno

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 29/07/2026

How do German households adjust their savings in relation to rising #inflation expectations? Find out here: bundesbank.de/content/959876

bundesbank.de

Expected inflation and saving in categories

Jacqueline Krüger, Valeriya Dinger

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 03/08/2026

How does the digital euro impact liquidity outflows from banks and financial stability? Read the new discussion paper on "Long-term implications of a digital euro on liquidity and funding costs in the German banking system" here: 👉 www.bundesbank.de/content/992082

bundesbank.de

Long-term implications of a digital euro on liquidity and funding costs in the German banking system

Ulrich Krüger, Lui-Hsian Wong

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 10/07/2026

Die durchschnittlichen #Inflationserwartungen der Privatpersonen in #Deutschland für die kommenden zwölf Monate reduzierten sich im Juni um 0,2 Prozentpunkte auf nunmehr 3,2 Prozent. 👉bundesbank.de/content/849084

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 26/06/2026

“The case for #CBDC is growing stronger as private digital money scales up,” Bundesbank Executive Board member Fritzi Köhler-Geib said during a fireside chat with Chiara Scotti, Deputy Governor of Banca d’Italia, at Villa Vigoni in Menaggio, Italy. Find out more: Bundesbank.de/content/1000736

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 16/06/2026

▶️In einer aktuellen Studie haben unsere Volkswirte Norbert Metiu und Martin Völpel einen neuen Index entwickelt, der geopolitische hybride Bedrohungen misst. 🔗 Die Studie finden Sie hier: www.bundesbank.de/content/933342 #Geopolitik #HybrideBedrohungen #Wirtschaft (c) Adobestock

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 08/05/2026

What shapes household financial decisions, and what role does #AI play? 🤔 These questions were at the heart of this year’s Spring Conference, the Bundesbank’s #Research Centre co-organised with the CEPR in Eltville am Rhein. Find out more about the programme here: bundesbank.de/content/972554

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 06/05/2026

A new discussionpaper by the #Bundesbank Research Centre is out: Read about geopolitical risk in the euro area. 👉 bundesbank.de/content/961172

bundesbank.de

Geopolitical risk in the euro area: Measurement and transmission

Yevheniia Bondarenko, Nayeon Kang, Vivien Lewis, Matthias Rottner, Yves Schüler

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Reposted by Falko Fecht

IWH_Halle @iwh-halle.bsky.social · 23/04/2026

📣 #CallforApplications ☀️ FRANKFURT #SUMMERSCHOOL 2026 ☀️ Together w/ @bundesbank.de & @safefrankfurt.bsky.social, we invite #PhD students & junior researchers in #economics & #finance to apply. 📅 July 26 - 31, 2026 📍 Eltville am Rhein ⏳ Deadline: 11 May 2026 ▶️ safe-frankfurt.de/news-media/e...

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 08/04/2026

Macroprudential policies are designed to make banking systems safer. But their effects may not stop where regulators intend them to. 👉 In a discussion paper, Bundesbank experts share how foreign countercyclical capital buffer increases affect multinational corporations: bundesbank.de/content/961182

bundesbank.de

How CCyBs travel – Internal capital markets & domestic borrowing

Björn Imbierowicz, Axel Loeffler, Steven Ongena, Ursula Vogel

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 02/04/2026

Social networks weaken geographic boundaries of existing deposit markets, finds a new SUERF Policy Brief, co-authored by Bundesbank economist Natalya Martynova. It shows that deposit competition is not purely local anymore. Read more here: www.suerf.org/publications/…

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 30/03/2026

Bislang ist über die Wirkung der US-Zollpolitik seit April 2025 auf Unternehmen in Deutschland nur wenig bekannt. Eine neue Unternehmensbefragung der Deutschen Bundesbank aus dem vierten Quartal 2025 liefert neue Erkenntnisse. www.bundesbank.de/content/988552

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 30/03/2026

Rising geopolitical tensions are leading to an increase in hybrid threats, such as cyberattacks and espionage. But how do these affect economies? 👉 In a discussion paper published today, Bundesbank experts introduce a new index and share their findings: bundesbank.de/content/961186

bundesbank.de

Geopolitical hybrid threats

Norbert Metiu, Martin Völpel

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 13/03/2026

Die durchschnittlichen #Inflationserwartungen der #Privatpersonen in #Deutschland für die kommenden zwölf Monate sind im Februar 2026 auf 2,7 Prozent gesunken. Die Mehrheit der Befragten (95 Prozent) füllte die Umfrage vor dem Ausbruch des Kriegs im Iran aus. 👉 www.bundesbank.de/content/849084

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 20/02/2026

A new Bundesbank discussion paper finds that complete trade sanctions reduce bilateral trade by around 58% – far more than traditional estimates suggest. How fast does trade recover once sanctions are lifted? 👉 Find out here: bundesbank.de/content/925538

bundesbank.de

From imposition to lifting: Estimating the effects of sanctions over their lifecycle

Ohyun Kwon, Arne J. Nagengast, Jangsu Yoon, Yoto V. Yotov

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 23/02/2026

How can we improve the quality of seasonally adjusted estimates obtained with up-to-date methods tailored to the complexities of modern daily and weekly economic data? The Bundesbank Research Centre has released a new Discussion Paper. Read the entire text here: 👉 bundesbank.de/content/925522

bundesbank.de

Redesigning the classical automatic selection of X-11 seasonal filters

Karsten Webel

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 03/03/2026

New #discussionpaper by the #Bundesbank #researchcentre: High-frequency instruments with time-varying reliability: Understanding identification in macroeconomics. 📝 Read the full paper here: www.bundesbank.de/content/974504

bundesbank.de

High-frequency instruments with time-varying reliability: Understanding identification in macroeconomics

Pooyan Amir-Ahmadi, Christian Matthes, Mu-Chun Wang

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 13/02/2026

A new discussionpaper by the #Bundesbank's researchcentre is out now, bearing the title: "Multiple equilibria? Don’t panic! – A hitchhiker’s guide to global games." 📝 Read the full paper here: bundesbank.de/content/925536

bundesbank.de

Multiple equilibria? Don’t panic! – A hitchhiker’s guide to global games

Kartik Anand, Philipp J. König

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 09/02/2026

New #discussionpaper by the #Bundesbank #researchcentre: Monetary policy and supply-side turnover. 📝 Read the full paper here: bundesbank.de/content/989080

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 05/02/2026

New #discussionpaper by #Bundesbank #researchcentre: Do local fuel prices affect remote working behaviors and carbon emission savings? Evidence from German panel data. 📝 Read the full paper here: bundesbank.de/content/988950

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 12/12/2025

New #discussionpaper by #Bundesbank #researchcentre: Local peer effects and corporate investment 📝 Read the full paper here: bundesbank.de/content/925530 #business #investment #research

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 10/12/2025

Die durchschnittlichen #Inflationserwartungen der #Privatpersonen in Deutschland für die kommenden zwölf Monate verringerten sich im November gegenüber dem Vormonat geringfügig. Sie reduzierten sich von 3,0 Prozent auf 2,9 Prozent. 👉 bundesbank.de/content/849084

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 26/11/2025

"Resilienz ist eine Frage der Vorbereitung, der Zusammenarbeit und der richtigen Ressourcen", betonte Bundesbankvorständin Fritzi Köhler-Geib in ihrer Keynote auf einem Panel der Bundesbank zur #Anpassungsfähigkeit in Deutschland.💡 #Resilienz 📰Zur vollständigen Rede: bundesbank.de/content/972246

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 25/11/2025

Vorständin Fritzi Köhler-Geib betont im #Interview mit der Börsen-Zeitung: "Central Banking ist Technologie." Ihre Schwerpunkte: Future of Finance, bessere Datenverfügbarkeit und die digitale Transformation der Bundesbank, von #KI bis #QuantenComputing. 👉 www.boersen-zeitung.de/konjunktur-p...

boersen-zeitung.de

„Central Banking ist Technologie“ | Börsen-Zeitung

Die tägliche Arbeit der Bundesbank ist nach den Worten von Vorständin Fritzi Köhler-Geib eng mit Technologie verzahnt.

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 26/11/2025

Finanzzyklen stehen seit der Finanzkrise verstärkt im Fokus von Forschung und Politik. ▶️ Eine neue Studie der Bundesbank zeigt, dass die Geldpolitik eine entscheidende Rolle bei der Stabilisierung dieser Zyklen spielen kann. Mehr dazu im aktuellen Research Brief: www.bundesbank.de/content/956820

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 10/11/2025

New #discussionpaper by #Bundesbank #researchcentre: A simple model of geopolitical risk and sanctions 📄 Read the full paper here: bundesbank.de/content/970464 #EconSky #Research

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 14/10/2025

New #discussionpaper by #Bundesbank #researchcentre: Social trading, correlated retail investing and non-fundamental speculation 📝Read the full paper here: www.bundesbank.de/content/967886 #EconSky #Research

bundesbank.de

Social trading, correlated retail investing and non-fundamental speculation

Discussion paper 29/2025: David Russ

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 16/10/2025

New #discussionpaper by #Bundesbank #researchcentre: Regional loan market structure, bank lending rates and monetary transmission 📝Read the full paper here: www.bundesbank.de/content/968132 #EconSky #Research

bundesbank.de

Regional loan market structure, bank lending rates and monetary transmission

Discussion paper 30/2025: Sebastian Bredl

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 13/10/2025

New #discussionpaper by #Bundesbank #researchcentre: Optimal central bank collateral policy for the net zero transition. 📝Read the full paper here: www.bundesbank.de/content/967708 #EconSky #Research

bundesbank.de

Optimal central bank collateral policy for the net zero transition

Discussion paper 28/2025: Matthias Kaldorf

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 02/10/2025

New #discussionpaper by #Bundesbank #researchcentre: A choice-based approach to the measurement of inflation expectations. 📝Read the full paper here: www.bundesbank.de/content/967244 #EconSky #Research

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Reposted by Falko Fecht

Deutsche Bundesbank @bundesbank.de · 13/08/2025

Die durchschnittlichen #Inflationserwartungen der Privatpersonen in Deutschland für die kommenden zwölf Monate lagen im Juli bei 2,9 Prozent. Damit verblieben sie den dritten Monat in Folge unter der drei-Prozent-Marke. bundesbank.de/content/849084 #Inflation #Preise #Erwartungen

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