Die deutsche Wirtschaft arbeitet sich langsam aus der Krise. Zwar wird die Lage von den meisten Unternehmen nach wie vor schlecht bewertet. Allerdings konnten seit Jahresbeginn in allen Wirtschaftsbereichen die Erwartungen im Hinblick auf die Entwicklung in den kommenden Monaten zulegen....

Badinger and Schiman (2023) use a narrative high-frequency analysis of news and financial markets to develop a small set of restrictions on the structural shocks of a VAR of the Euro area. Their approach does not uniquely identify a structural representation, so their results are based on the...

In diesem Jahr wird das preisbereinigte Bruttoinlandsprodukt voraussichtlich um 0,1% gegenüber dem Vorjahr zurückgehen. Damit tritt die deutsche Wirtschaft seit nunmehr fünf Jahren auf der Stelle. Digitalisierung, Dekarbonisierung, Demografie und Deglobalisierung erfordern einen Umbau der...

We propose a novel identification strategy to measure monetary policy in a structural VAR. It is based exclusively on known past policy shocks, which are uncovered from high-frequency data, and does not rely on any theoretical a-priori restrictions. Our empirical analysis for the euro area...

We propose a novel identification strategy to measure monetary policy in a structural VAR. It is based exclusively on known past policy shocks, which are uncovered from high-frequency data, and does not rely on any theoretical a-priori restrictions. Our empirical analysis for the euro area...

We propose a novel identification strategy to measure monetary policy in a structural VAR. It is based exclusively on known past policy shocks, which are uncovered from high-frequency data, and does not rely on any theoretical a-priori restrictions. Our empirical analysis for the euro area...