In his master's thesis "Short-Time Work at the Zero Lower Bound," Stefan Wilhelm, a graduate of the master's program in economics at the University of Rostock, studied the interactions between the labor market and monetary policy at the zero lower bound, taking into account the labor market policy instrument of short-time work. For this work, he has now received one of the four academic awards for outstanding dissertations and theses in 2022 from the Deutsche Bundesbank, Head Office in Hamburg, Mecklenburg-Western Pomerania and Schleswig-Holstein. We extend our warmest congratulations!

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Which economic narratives about the EU dominate the political debate in Germany? Doris Neuberger and Edoardo Beretta expose the narrative of a "transfer union" as misguided and suggest more appropriate alternatives: Fiscal Equalization, Fiscal Union, Stability Union, or Risk Community (risk sharing and insurance nature in the foreground). https://doi.org/10.1515/zfwp-2022-2075, https://twitter.com/ForumNewEconomy/status/1540326599769440258

Die Hauptverwaltung in Hamburg, Mecklenburg-Vorpommern und Schleswig-Holstein schreibt jährlich Preise für hervorragende Dissertationen und Abschlussarbeiten (Diplomarbeiten oder Masterarbeiten) aus, die volks- oder betriebswirtschaftliche Fragen mit Bezug zu den Aufgabenfeldern einer Zentralbank behandeln, beispielsweise aus den Bereichen Europäische Währungsunion, Geldpolitik, monetäre Außenwirtschaft, öffentliche Finanzen, Konjunktur und Wachstum, Banken, Finanzmärkte oder Finanzstabilität.

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In "The War on Cash: Institutional Hostility and Covid-19", we argue that cash has been unjustifiably accused of facilitating illicit transactions; the Covid‐​19 pandemic has been misused to push individuals away from banknotes and coins; and cash is even more welfare enhancing in troubled economic times. After a review of “instruments of convincement” used before the current pandemic, we show that since the pandemic hostility to cash has continued. We conclude by explaining why cash remains essential.