Search Options
Home Media Explainers Research & Publications Statistics Monetary Policy The €uro Payments & Markets Careers
Suggestions
Sort by

The ECB Blog

A European view on central banking and the economy

The ECB Blog offers new insights on the economy and central bank policies based on our data, analysis and research - for the euro area and beyond. Posts are authored by ECB staff and Executive Board members.

Subscribe to the ECB blog
20 June 2025

Hyperinflation: trauma and its reconstruction

Memories of hyperinflation live on in public debates on money. In the case of Germany, the trauma of 1923 is widely seen as the source of the country’s preference for fiscal discipline and stability-oriented central banking. Historical analysis sheds new light on the collective memory and its genesis.

Read more

All pages in this section