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| Research | ||
| Loriana Pelizzon, Marti G. Subrahmanyam, Davide Tomio, Jun Uno | Central Bank-Driven Mispricing | |
Nathanael Vellekoop | Households Adjust Expenditures around their Largest Outflows | |
| Interview | Nicola Fuchs-Schündeln | “Financial Markets Play a Role for Hours Worked” |
| Policy | Kunka Petkova, Alfons Weichenrieder | How Real Estate Transfer Tax Prevents Beneficial Transactions |
| Guest Commentary | Jörg Kukies | Deepening of the Economic and Monetary Union: French and German Cooperation Paves the Way for Reform |
