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Germany

Opacity of a credible central bank and inflation

The Discussion Paper "Can opacity of a credible central bank explain excessive inflation?" from the University of Munich shows that, even in the absence of inflationary bias, a credible central bank may find it optimal to implement an accommodating…

Buba's Weber signals ECB rate hikes

Bundesbank president Axel Weber signalled Wednesday 28 February in a speech that the European Central Bank was set to further raise its key interest rates, which are already at a five-year high point.

Tumpel-Gugerell on tripartite protocol

In a speech given on 16 February Gertrude Tumpel-Gugerell of the ECB said over the next six months, the ECB and eight central banks will be working closely with the Central Bank of Bosnia and Herzegovina on a needs assessment programme funded by the…

Buba's Weber says German growth trend 'intact'

Bundesbank president Axel Weber said Saturday 10 February at the meeting of G7 finance ministers and central bank governors the underlying growth trend in Germany remains intact and that the outlook for euro zone growth remains positive.

Fischer trips to raise support for Israel to OECD

Bank of Israel governor Stanley Fischer is travelling to Germany and Japan this week to increase support for Israel's bid to join the Organization for Economic Cooperation and Development as a full member, the central bank said.

ECB seeks to preserve its independence

This article from the Associated Press, published Tuesday 6 February, looks at the debate over whether countries that use the euro should have an influence on its decision-making process.

Europe's uneven growth challenge

According to this article on the Project Syndicate website, growth has become less evenly balanced throughout the eurozone with the resurgence in German growth.

Buba's Weber warns on German wage hikes

Bundesbank president Axel Weber warned Friday 19 January that sharp wage increases in Germany could set off a new round of inflation and hinder the European Central Bank's price stability goal.

EU's Almunia positive on 2007 inflation

European Union Monetary Affairs commissioner Joaquin Almunia said Thursday 18 January eurozone growth and inflation should be roughly in line with 2006 figures this year thanks largely due to a positive outlook for Germany.

UWE paper on monetary policy uncertainty

It is widely believed that institutional arrangements influence the quality of monetary policy outcomes. Judged on its 'transparency' characteristics, therefore the Bank of England should do better than both the Bundesbank and ECB, according to the…

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