Bis zum Jahresende 2020 will die Europäische Zentralbank (EZB) die Ergebnisse ihrer aktuellen Strategieüberprüfung vorlegen. Welche Änderungen sind zu erwarten und was wäre wünschenswert? Der vorliegende Bericht beschäftigt sich mit zwei Bereichen der Überprüfung. Erstens werden...

By the end of 2020, the European Central Bank (ECB) will present the results of its monetary policy strategy review. What changes are to be expected and what changes are needed? This report covers two areas of the strategy review. First, alternatives to the current definition of price stability...

By the end of 2020, the European Central Bank (ECB) will present the results of its monetary policy strategy review. What changes are to be expected and what changes are needed? This report covers two areas of the strategy review. First, alternatives to the current definition of price stability...

Bis zum Jahresende 2020 will die Europäische Zentralbank (EZB) die Ergebnisse ihrer aktuellen Strategieüberprüfung vorlegen. Welche Änderungen sind zu erwarten und was wäre wünschenswert? Der vorliegende Bericht beschäftigt sich mit zwei Bereichen der Überprüfung. Erstens werden...

The slight slowdown of consumer price inflation in Germany in November does not yet constitute the beginning of lower inflation rates. Even though energy prices are dragging inflation, producer prices have drastically increased in the past year. Our estimates indicate that inflation rates will...

The slight slowdown of consumer price infl ation in Germany in November does not yet constitute the beginning of lower infl ation rates. Even though energy prices are dragging infl ation, producer prices have drastically increased in the past year. Our estimates indicate that infl ation rates...

The benefits of dual apprenticeship programs are usually discussed in the context of reducing structural unemployment rates, especially among the young. Related to this, the long-run benefits of dual apprenticeship programs are extensively analyzed in the literature. However, empirical evidence...

The German economy has been growing significantly recently, also due to strong foreign trade, and will experience a powerful increase of 1.9 percent in 2016. In the coming quarters, the drag of the Brexit decision should become noticeable. This will dampen the year-on-year growth rate in 2017 to...

Die deutsche Wirtschaft ist - auch dank des Außenhandels - zuletzt deutlich gewachsen und wird im Jahresvergleich kräftig, um 1,9 Prozent, zulegen. In den kommenden Quartalen dürften sich die Auswirkungen der Brexit-Entscheidung bemerkbar machen. Neben einer schwächeren Dynamik des privaten...

In spite of persisting unfavorable external economic conditions, the German economy's upward trend continues, with a growth of 1.2 percent expected for the coming year - slightly less than the 1.8 percent growth rate of 2016, a difference primarily due to the fact that 2017 has fewer workdays. A...