Date published | SUERF | Issue | Title | Author(s) |
Nov 2023 | Policy Brief | No 744 | Fiscal sources of inflation risk in EMDEs: the role of the external channel | Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli |
Nov 2023 | Policy Brief | No 722 | High Debt Levels Can Impede Monetary Policy | Luis Brandao-Marques, Marco Casiraghi, Gaston Gelos, Olamide Harrison, Gunes Kamber |
Oct 2023 | Policy Brief | No 696 | Mental Accounting and the Marginal Propensity to Consume | René Bernard |
Sep 2023 | Policy Note | No 322 | Central Banks: Firefighters or Pyromaniacs in Recent Crises? | Marc-Olivier Strauss-Kahn |
Sep 2023 | Policy Note | No 320 | Leaving the eurozone but staying in the EU. Can it be done? And is it wise? | Wim Boonstra |
Aug 2023 | Policy Note | No 317 | The European Commission Proposals for Reform of the Stability and Growth Pact: On the right track but not there yet | Jakob de Haan, Fabian Amtenbrink |
Aug 2023 | Policy Brief | No 656 | Should we bother with sovereign sustainability bonds? | Daniel C. Hardy |
Jul 2023 | Policy Brief | No 640 | Solving the enforcement dilemma of the EU fiscal rules | Paul Dermine, Martin Larch |
Jul 2023 | Policy Brief | No 634 | 2020s vs 1970s: echoes, not a replay | Monica Defend, Vincent Mortier |
Jul 2023 | Policy Brief | No 633 | Gauging the macroeconomic effects of higher carbon prices | Günter Coenen, Matija Lozej, Romanos Priftis |
Jul 2023 | Policy Brief | No 631 | Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from Slovenia | Filippo Arigoni, Miha Breznikar, Črt Lenarčič, Matjaž Maletič |
Jun 2023 | Policy Brief | No 611 | Sovereign exposures of European banks - revisited | Heike Mai |
Jun 2023 | Policy Brief | No 606 | Does it matter where and how governments spend? | Ernil Sabaj, Rashid Sbia, Haytem Troug |
May 2023 | Policy Brief | No 595 | Don’t blame the government!? An assessment of debt forecast errors with a view to the Economic Governance Review | Alena Bachleitner, Doris Prammer |
May 2023 | Policy Brief | No 591 | What to expect after “effortless” debt reduction in the euro area? | Matthias Reith |
May 2023 | Policy Brief | No 584 | Euro Area inflation differentials: the role of fiscal policies revisited | Cristina Checherita-Westphal, Nadine Leiner-Killinger, Teresa Schildmann |
May 2023 | Policy Brief | No 580 | Can machine learning help forecasting fiscal crises in emerging and developing countries? | Raffaele De Marchi, Alessandro Moro |
May 2023 | Policy Note | No 310 | Monetary and fiscal policies as anchors of trust and stability | Agustín Carstens |
Apr 2023 | Policy Brief | No 575 | Labour market differences and monetary policy in the euro area | Sandra Gomes, Pascal Jacquinot, Matija Lozej |
Apr 2023 | Policy Brief | No 571 | Has the euro changeover really caused extra inflation in Croatia? | Matteo Falagiarda, Christine Gartner, Ivan Mužić, Andreja Pufnik |
Apr 2023 | Policy Brief | No 564 | The Stability and Growth Pact three decades later | Juhana Hukkinen, Matti Viren |
Feb 2023 | Policy Note | No 301 | Consistent economic policies: a prerequisite for macroeconomic stability | Pablo Hernández de Cos |
Feb 2023 | Policy Brief | No 532 | A New EU Economic Governance and Fiscal Framework: what role for the national independent fiscal institutions (IFIs)? | Daniel Daianu |
Feb 2023 | Policy Brief | No 531 | Austerity benefits the extremes | Ricardo Duque Gabriel, Mathias Klein, Ana Sofia Pessoa |
Feb 2023 | Policy Brief | No 529 | The effects of monetary policy across fiscal regimes | Roben Kloosterman, Dennis Bonam, Koen van der Veer |
Feb 2023 | Policy Brief | No 524 | Highly Dispersed inflation rates challenge the ECB’s monetary policy strategy | Thomas Url |
Feb 2023 | Policy Brief | No 518 | ECB Significant-Bank Risk Profile and COVID-19 Crisis Containment Phase: What Approach in the Transitioning Phase? | Bozena Gulija, Costanza Russo, Dalvinder Singh |
Feb 2023 | Policy Note | No 297 | Risk reduction vs risk sharing: A sticking point in the ongoing review of the EU fiscal framework? | Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Janis Malzubris |
Jan 2023 | Policy Brief | No 511 | Eurozone Government Bond Spreads: A Tale of Different ECB Policy Regimes | Sylvester C W Eijffinger, Mary Pieterse-Bloem |
Jan 2023 | Policy Brief | No 509 | EU fiscal rules 2.0, more carrot than stick plus greenwashing? | Matthias Reith, Gunter Deuber |
Jan 2023 | Policy Note | No 296 | Finding the right mix: monetary-fiscal interaction at times of high inflation | Isabel Schnabel |
Nov 2022 | Policy Brief | No 469 | The safe asset potential of EU-issued bonds | Tilman Bletzinger, William Greif, Bernd Schwaab |
Nov 2022 | Policy Brief | No 468 | The reform of the EU fiscal framework: an enhanced surveillance role for independent fiscal councils? | Christos Chrysanthakopoulos, Athanasios Tagkalakis |
Nov 2022 | Policy Brief | No 467 | A tale of three crises: synergies between ECB tasks | Karin Hobelsberger, Christoffer Kok, Francesco Paolo Mongelli |
Oct 2022 | Policy Brief | No 445 | Fiscal deficits and inflation risks: the role of fiscal and monetary policy regimes | Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli |
Sep 2022 | Policy Brief | No 419 | Was globalization just a little thing in the process of inflation? | Juhana Hukkinen, Matti Viren |
Sep 2022 | Policy Brief | No 413 | The EU gas savings plan ahead of a long winter | Marco Protopapa |
Aug 2022 | Policy Brief | No 401 | Allocation is key? Analysis of ECB public sector bond purchases’ divergence from the capital key | Carlo Birkholz, Friedrich Heinemann |
Aug 2022 | Policy Brief | No 398 | Central Banking and Climate Change Policies: It is not Always a Positive Sum Game | Donato Masciandaro, Riccardo Russo |
Jul 2022 | Policy Brief | No 365 | Subjective inflation expectations of households and firms | Michael Weber |
Jun 2022 | Policy Brief | No 360 | On the psychology of inflation and its implications | Pascal Blanqué |
Jun 2022 | Policy Brief | No 359 | Scarring effects of major economic downturns: The role of fiscal policy and government investment | Martin Larch, Peter Claeys, Wouter van der Wielen |
Jun 2022 | Policy Brief | No 355 | Japan’s Sovereign Rating in the Post-Pandemic Era: Quo Vadis? | Jinho Choi, Alexander den Ruijter, Kimi Xu Jiang, Edmund Moshammer |
May 2022 | Policy Brief | No 327 | Under Pressure: Credibility of Monetary Policy | Antoine Camous, Dmitry Matveev |
Apr 2022 | Policy Brief | No 323 | Is Super-Active Fiscal Policy Desirable? | Roberto M. Billi, Carl E. Walsh |
Apr 2022 | Policy Brief | No 316 | Robert Triffin and the search for Asian Monetary Union | Ivo Maes, Ilaria Pasotti |
Mar 2022 | Policy Note | No 272 | Financing Faster Growth For Europe’s SMEs | Sylvain Broyer, Sarah Limbach, Cihan Duran |
Mar 2022 | Policy Brief | No 300 | Household saving and fiscal policy: Evidence for the euro area from a thick modelling perspective | Cristina Checherita-Westphal, Marcel Stechert |
Mar 2022 | Policy Brief | No 291 | The Political Economy of Currency Unions | Kai Arvai |
Mar 2022 | Policy Brief | No 289 | The pressing need to reform the European crisis management framework | Fernando Restoy |
Mar 2022 | Policy Note | No 267 | Towards a single operational indicator in the SGP – A look at the properties of the current expenditure benchmark | Nicholai Benalal, Maximilian Freier, Wim Melyn, Stefan Van Parys, Lukas Reiss |
Feb 2022 | Policy Brief | No 272 | Global models for a global pandemic: the impact of COVID-19 on small euro area economies | Pablo Garcia, Pascal Jacquinot, Črt Lenarčič, Matija Lozej, Kostas Mavromatis |
Jan 2022 | Policy Brief | No 267 | Pledge or pretext? Lessons from the Fiscal Compact | Martin Larch, Matthias Busse, László Jankovics |
Jan 2022 | Policy Brief | No 262 | Choosing the European fiscal rule | Ginters Bušs, Patrick Grüning, Oļegs Tkačevs |
Jan 2022 | Policy Brief | No 261 | Firm financing and public liquidity measures during the pandemic | Ida Rommedahl Julin, Andreas Kuchler, Alexander Meldgaard Otte |
Dec 2021 | Policy Brief | No 249 | Monetary and fiscal complementarity in the Covid-19 pandemic | Jagjit S Chadha, Luisa Corrado, Jack Meaning, Tobias Schuler |
Nov 2021 | Policy Brief | No 234 | Optimism is bad for fiscal outcomes | Martin Larch, Janis Malzubris, Matthias Busse |
Oct 2021 | Policy Brief | No 208 | Human Frictions in the Transmission of Economic Policy | Francesco D’Acunto, Daniel Hoang, Maritta Paloviita, Michael Weber |
Oct 2021 | Policy Brief | No 203 | The reform of the EU’s fiscal governance framework in a new macroeconomic environment | Mario Alloza, Javier Andrés, Pablo Burriel, Iván Kataryniuk, Javier J. Pérez, Juan Luis Vega |
Sep 2021 | Policy Brief | No 190 | The Effects of Fiscal Policy when Planning Horizons are Finite | Joep Lustenhouwer, Kostas Mavromatis |
Sep 2021 | Policy Brief | No 188 | The Path to Euro Area and Banking Union Membership: Assessing the Incentives for “Close Cooperation” and Adherence to the Exchange Rate Mechanism II | Maria J. Nieto, Dalvinder Singh |
Sep 2021 | Policy Note | No 254 | Fiscal-Monetary Crosswinds in the Euro Area | Lucrezia Reichlin, Giovanni Ricco, Matthieu Tarbé |
Jul 2021 | Policy Brief | No 140 | How green is your budget? Green budgeting practices in the EU | Elva Bova |
Jul 2021 | Policy Brief | No 126 | Intergenerational macroeconomics | Gabriel Makhlouf |
Jun 2021 | Policy Brief | No 119 | Six ways to bring inflation (expectations) up | Ernest Gnan |
May 2021 | Policy Note | No 239 | How to prevent a too restrictive fiscal policy in Europe? | Wim Boonstra |
May 2021 | Policy Note | No 238 | Monetary and Fiscal Policy: Privileged powers, entwined responsibilities | Claudio Borio and Piti Disyatat |
May 2021 | Policy Brief | No 88 | Strengthening the international role of the euro | Gergely Hudecz, Gong Cheng, Edmund Moshammer, Alexander Raabe |
May 2021 | Policy Note | No 236 | Europe’s growth gap: reconciling Keynes and Schumpeter | François Villeroy de Galhau |
May 2021 | Policy Note | No 234 | Building-back-better after the Covid-19 crisis in Europe: The twin transition and divergence | Marco Buti, István P. Székely |
Apr 2021 | Policy Brief | No 68 | Banking union - achievements and challenges | Luis de Guindos |
Apr 2021 | Policy Brief | No 63 | The role of fiscal policies in the Covid-19 crisis: scope and limitations | Niels Thygesen |
Mar 2021 | Policy Brief | No 58 | Next Generation EU: can we do better? | Lorenzo Codogno, Paul van den Noord |
Mar 2021 | Policy Brief | No 55 | Debt cancellation by the ECB: Does it make a difference? | Paul de Grauwe |
Jan 2021 | Policy Note | No 218 | Interest rate-growth differentials on government debt: an empirical investigation for the euro area | Cristina Checherita-Westphal and João Domingues Semeano |
Dec 2020 | Policy Note | No 214 | Is NGEU a game changer for the ECB’s role in fighting the fall-out from COVID-19 in the euro area? | Lukas Reiss, Maria Teresa Valderrama |
Dec 2020 | Policy Note | No 211 | Preparing for a higher inflation regime | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
Nov 2020 | Policy Brief | No 36 | A stronger voice for Europe in global development | Werner Hoyer |
Nov 2020 | Policy Brief | No 35 | Keynes and Schumpeter are what the European economy needs right now | Sylvain Broyer |
Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
Oct 2020 | Policy Note | No 201 | Central banks’ response to the “tragedy on the horizon” | François Villeroy de Galhau |
Oct 2020 | Policy Note | No 200 | Finding the Right “Hall of Mirrors”: The Mixed Blessings of Lessons from the Past for Shaping a Post-COVID Future | Robert Holzmann |
Oct 2020 | Policy Brief | No 33 | Update of the European Fiscal Monitor (September 2020) | Willem-Pieter de Groen, Inna Oliinyk |
Oct 2020 | Policy Note | No 198 | The shadow of fiscal dominance: Misconceptions, perceptions and perspectives | Isabel Schnabel |
Sep 2020 | Policy Brief | No 26 | Global value chains and the challenge of Covid-19 | Antoine Berthou, Juan Carluccio, Guillaume Gaulier |
Aug 2020 | Policy Note | No 189 | Financial integration in the Nordic-Baltic region vis-à-vis the EU: A Swedish perspective | David Farelius, Stefan Ingves, Magnus Jonsson |
Aug 2020 | Policy Brief | No 24 | The big debt surge | Ralph Solveen |
Aug 2020 | Policy Note | No 186 | European Recovery Fund: Sceptics Q&A | Reza Moghadam, Jacob Nell, Joao Almeida, Bruna Skarica, Markus Guetschow |
Jul 2020 | Policy Note | No 184 | Special Update of the European Fiscal Monitor | Willem-Pieter de Groen, Inna Oliinyk, Sander van Veldhuizen |
Jul 2020 | Policy Note | No 181 | A sensible fiscal policy for the sharp rise in government debt | Forrest Capie, Meyrick Chapman, Chris Marsh, Geoffrey Wood |
Jun 2020 | Policy Note | No 178 | Covalization: Europe on the Rack Between Globalization and Covid - A Historian’s Perspective on the European Union: Europe and Globalization | Harold James |
Jun 2020 | Policy Note | No 177 | The EU’s recovery plan is the next generation of fiscal solidarity | Sylvain Broyer |
Jun 2020 | Policy Note | No 176 | Credit Guarantees in the COVID-19 crisis – Relevance and Economic Impact | Julien Brault, Simone Signore |
Jun 2020 | Policy Note | No 173 | A first look at fiscal dynamics in the Euro area after COVID-19: the case for a shift in the fiscal governance system | Marco Protopapa |
May 2020 | Policy Note | No 169 | Making banking integration work for better risk sharing in the eurozone: the role of cross-border banking consolidation | Mathias Hoffmann |
May 2020 | Policy Note | No 163 | Coronavirus and the world of work | Monika Kiss |
May 2020 | Policy Note | No 162 | How large is the coronavirus macro shock? Putting the near-term record-breaking shock in the long-term context | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
May 2020 | Policy Note | No 161 | Shh, don’t say it! ECB Helicopter Money: Economics and Politics | Donato Masciandaro |
Apr 2020 | Policy Note | No 149 | A diverse monetary union creates invisible transfers that justify conditional solidarity | Enrico Perotti and Oscar Soons |
Apr 2020 | Policy Note | No 148 | Reflections on the health and financial crisis | Jacques de Larosière |
Apr 2020 | Policy Note | No 146 | The European Deposit Insurance Scheme: Economic Rationale, Issues and Policy Solutions | Ettore Panetti |
Mar 2020 | Policy Note | No 140 | The Paradox of Endogenous Nationalism and the Role of Quantitative Easing | Massimo Morelli |
Mar 2020 | Policy Note | No 138 | Euro Area Economics: Greenflation? | Jacob Nell, Joao Almeida, Markus Guetschow |
Feb 2020 | Policy Note | No 132 | The European Banking Union | Margarita Delgado |
Feb 2020 | Policy Note | No 130 | European Banking Consolidation: Can a view to the past inform current policy efforts? | Peter Hahn |
Jan 2020 | Policy Note | No 127 | Europe’s role in the global financial system | Luis de Guindos |
Jan 2020 | Policy Note | No 124 | Economic policy in EMU: What role for fiscal and monetary policy? Which has more scope left? How to combine them? | Marco Buti |
Nov 2019 | Policy Note | No 117 | Euro Area Fiscal Policy: The Factual, the Possible and the Surprising | Daniele Antonucci |
Nov 2019 | Policy Note | No 114 | Central Banking in challenging times | Claudio Borio |
Nov 2019 | Policy Note | No 111 | Reforming the Stability and Growth Pact: Striving for sustainability while offering room for manoeuvre | Karsten Wendorff |
Oct 2019 | Policy Note | No 107 | Tackling non-performing loans in Europe | Peter Grasmann, Markus Aspegren, Nicolas Willems |
Oct 2019 | Policy Note | No 105 | Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
Sep 2019 | Policy Note | No 97 | Strengthened EU fiscal framework: fiscal discipline versus economic stabilization | Bernhard Grossmann, Gottfried Haber |
Sep 2019 | Policy Note | No 96 | Reconciling risk sharing with market discipline: A constructive approach to euro area reform | Isabel Schnabel |
Aug 2019 | Policy Note | No 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
Jul 2019 | Policy Note | No 87 | Loan portfolio diversification in the euro area, capital requirements, and the European Banking Union | Esa Jokivuolle, Matti Virén |
Jun 2019 | Policy Note | No 76 | Chinese foreign investment: a dangerous obsession or a new normal? Get ready for the latter! | Peter Havlik |
May 2019 | Policy Note | No 72 | Analysing the Economics of BREXIT and World Trade | David T. Llewellyn |
Mar 2019 | Policy Note | No 60 | Fiscal Rules | Vitor Gaspar, David Amaglobeli |
Nov 2018 | Policy Note | No 48 | Trends and Cycles in Financial Intermediation | Philip R. Lane |
Oct 2018 | Policy Note | No 44 | A Financial Union for the Euro Area | Poul M. Thomsen |
May 2018 | Policy Note | No 34 | Modern financial repression in the euro area crisis: making high public debt sustainable? | Ad van Riet |
Apr 2018 | Policy Note | No 30 | In the euro area, discipline is of the essence, but risk-sharing is no less important | Daniel Daianu |
Dec 2017 | Policy Note | No 22 | Deepening the Economic and Monetary Union: the EU priorities by 2025 and beyond | Marco Buti |
Nov 2017 | Policy Note | No 21 | Risk sharing in EMU: key insights from a literature review | Demosthenes Ioannou, David Schäfer |