We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …

Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system …

commercial banks to the Eurosystem's open market operations in conjunction with the redistribution of liquidity via the TARGET …