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Date	Title	Author(s)
10 Mar, 2022	Tax Race to the Bottom Harms Location Attractiveness of Western Europe Policy Brief 293	Leonie Fischer \| ZEW – Leibniz Centre for European Economic Research Jost H. Heckemeyer \| Kiel University Christoph Spengel \| University of Mannheim Daniela Steinbrenner \| ZEW – Leibniz Centre for European Economic Research
10 Mar, 2022	The role of systemic risk spillovers in the transmission of Euro Area monetary policy Policy Brief 292	Alexandros Skouralis \| University of London
10 Mar, 2022	The Political Economy of Currency Unions Policy Brief 291	Kai Arvai \| Banque de France
10 Mar, 2022	Crisis-tested Europe – Solidarity with Ukraine spurs European identity Policy Note 268	Heinz Handler \| University of Vienna
3 Mar, 2022	Towards a single operational indicator in the SGP – A look at the properties of the current expenditure benchmark Policy Note 267	Nicholai Benalal \| European Central Bank (ECB) Maximilian Freier \| European Central Bank (ECB) Wim Melyn \| National Bank of Belgium Stefan Van Parys \| National Bank of Belgium Lukas Reiss \| Oesterreichische Nationalbank
3 Mar, 2022	Economists: not enough transparency? Evidence from a reproducibility exercise of a top economic journal Policy Brief 288	Sylvérie Herbert \| Banque de France Hautahi Kingi \| Google Flavio Stanchi \| Airbnb Lars Vilhuber \| Cornell University
3 Mar, 2022	The implications of demographics, pension systems, and migration for monetary policy Policy Brief 287	Marcin Bielecki \| European Central Bank (ECB) Michal Brzoza-Brzezina \| Narodowy Bank Polski Marcin Kolasa \| International Monetary Fund (IMF)
3 Mar, 2022	Private and Public Debt: Some Implications on Economic Growth Policy Brief 286	Patrizio Morganti \| Tuscia University
3 Mar, 2022	Why the impact of the health crisis in 2020 was uneven across the euro area economies? Policy Brief 285	Ángel Luis Gómez \| Banco de España Ana del Río \| Banco de España
24 Feb, 2022	Lessons from estimating the average option-implied volatility term-structure for the Spanish banking sector Policy Brief 282	Maria T. Gonzalez-Perez \| Banco de España
24 Feb, 2022	GDP-linked bonds and the fear of ambiguity Policy Brief 281	Deniz Igan \| Bank for International Settlements (BIS) Taehoon Kim \| International Monetary Fund (IMF) Antoine Levy \| Massachusetts Institute of Technology (MIT)
24 Feb, 2022	Are complex banking groups riskier? Policy Brief 280	Isabel Argimón \| Banco de España María Rodríguez-Moreno \| Banco de España
24 Feb, 2022	House Prices and Misallocation: The Impact of the Collateral Channel on Productivity Policy Brief 284	Sergi Basco \| Universitat de Barcelona David Lopez-Rodriguez \| Banco de España Enrique Moral-Benito \| Banco de España
24 Feb, 2022	Don’t trust the (inflation) process Policy Brief 283	Bruce Kasman \| J.P. Morgan
17 Feb, 2022	Money and psychology of inflation: an investor view Policy Brief 277	Pascal Blanqué \| Amundi
17 Feb, 2022	Does polarization have economic effects? It does on economic expectations Policy Note 266	Luis Guirola \| Banco de España
17 Feb, 2022	Brexit: Trade diversion due to trade policy uncertainty Policy Brief 279	Eduardo Gutiérrez \| Banco de España Aitor Lacuesta \| Banco de España César Martín-Machuca \| Banco de España
17 Feb, 2022	The Political Phillips Curve in the Euro Area: Parliamentary Voice on ECB Monetary Policy Policy Brief 278	Federico Maria Ferrara \| London School of Economics Donato Masciandaro \| Bocconi University Manuela Moschella \| Scuola Normale Superiore Davide Romelli \| Trinity College Dublin
10 Feb, 2022	Regulating big tech in the public interest Policy Brief 274	Agustín Carstens \| Bank for International Settlements (BIS)
10 Feb, 2022	Revisiting the Properties of Money Policy Brief 273	Isaiah Hull \| Sveriges Riksbank Or Sattath \| Ben-Gurion University of the Negev \| Ben-Gurion University of the Negev
10 Feb, 2022	Austrian conceptions of money and the rise of digital currency Policy Note 265	Michael Peneder \| Austrian Institute of Economic Research (WIFO)
10 Feb, 2022	The COVID Non-Performing Loan ’Tsunami’ that Never Happened and How to Avoid it Now Policy Brief 276	Reiner Martin \| Joint Vienna Institute (JVI) Piroska Nagy-Mohácsi \| London School of Economics Elina Ribakova \| Institute of International Finance (IIF) Jonathan Fortun Vargas \| Institute of International Finance (IIF)
10 Feb, 2022	The effectiveness of ECB euro liquidity lines: spillovers and spillbacks Policy Brief 275	Silvia Albrizio \| International Monetary Fund (IMF) Iván Kataryniuk \| Banco de España Luis Molina \| Banco de España Jan Schäfer \| CEMFI
3 Feb, 2022	Population ageing and the digital divide Policy Brief 270	Sebastian Doerr \| Bank for International Settlements (BIS) Jon Frost \| Bank for International Settlements (BIS) Leonardo Gambacorta \| Bank for International Settlements (BIS) Han Qiu \| Bank for International Settlements (BIS)
3 Feb, 2022	High earners in the European banking sector Policy Note 264	Emma-Faye Dertnig \| Oesterreichische Nationalbank Jakob Hanzl \| Oesterreichische Nationalbank Mario Hübler \| Oesterreichische Nationalbank Christoph Prenner \| Oesterreichische Nationalbank
3 Feb, 2022	Including inflation expectations helps to improve inflation forecasts of econometric models Policy Brief 271	Marta Bańbura \| European Central Bank (ECB) Danilo Leiva-Leon \| Banco de España Jan-Oliver Menz \| Deutsche Bundesbank
3 Feb, 2022	Global models for a global pandemic: the impact of COVID-19 on small euro area economies Policy Brief 272	Pablo Garcia \| Banque centrale du Luxembourg Pascal Jacquinot \| European Central Bank (ECB) Črt Lenarčič \| Bank of Slovenia Matija Lozej \| European Central Bank (ECB) Kostas Mavromatis \| De Nederlandsche Bank
3 Feb, 2022	Recovery as a springboard for change Policy Brief 269	Debora Revoltella \| European Investment Bank (EIB) Tessa Bending \| European Investment Bank (EIB) Atanas Kolev \| European Investment Bank (EIB)
3 Feb, 2022	Monetary policy and the green transition Policy Brief 268	Lena Boneva \| European Central Bank (ECB) Gianluigi Ferrucci \| European Central Bank (ECB) Francesco Paolo Mongelli \| European Central Bank (ECB)
27 Jan, 2022	Has the Impact of the ECB’s Asset Purchases Diminished Over Time? Policy Brief 265	Andrejs Zlobins \| Bank of Latvia
27 Jan, 2022	Feeling the Heat? – Assessing Labor Shortages in the Euro area Policy Brief 266	Paul Ramskogler \| Oesterreichische Nationalbank
27 Jan, 2022	Why disinflation can be more costly in a small open economy than in a closed economy Policy Brief 264	Oleksandr Faryna \| National Bank of Ukraine Magnus Jonsson \| Sveriges Riksbank Nadiia Shapovalenko \| National Bank of Ukraine
27 Jan, 2022	Pledge or pretext? Lessons from the Fiscal Compact Policy Brief 267	Martin Larch \| European Fiscal Board Matthias Busse \| European Fiscal Board László Jankovics \| European Fiscal Board
20 Jan, 2022	Firm financing and public liquidity measures during the pandemic Policy Brief 261	Ida Rommedahl Julin \| Danmarks Nationalbank Andreas Kuchler \| Danmarks Nationalbank Alexander Meldgaard Otte \| Danmarks Nationalbank
20 Jan, 2022	Pitfalls of Inflation Tolerance Ranges Policy Brief 263	Hervé Le Bihan \| Banco de España Magali Marx \| Banque de France Julien Matheron \| Banque de France
20 Jan, 2022	Choosing the European fiscal rule Policy Brief 262	Ginters Bušs \| Bank of Latvia Patrick Grüning \| Bank of Latvia Oļegs Tkačevs \| Bank of Latvia
20 Jan, 2022	How to analyse monetary policy transmission and inequality in a three-agent model (THRANK) Policy Brief 259	Maria Eskelinen \| University of Oxford
20 Jan, 2022	Credit Constrained Firms and Government Subsidies: Evidence from a European Union Program Policy Brief 260	Tirupam Goel \| Bank for International Settlements (BIS) Péter Lang \| DBRS Morningstar Eszter Balogh \| Raiffeisen Bank Hungary Ádám Banai \| Central Bank of Hungary Martin Stancsics \| University of Zurich Előd Takáts \| Corvinus University of Budapest Álmos Telegdy \| Corvinus University of Budapest
13 Jan, 2022	Why do households save? Policy Brief 257	Sami Oinonen \| Bank of Finland Matti Viren \| University of Turku
13 Jan, 2022	Why have interest rates fallen far below the return on capital? Policy Brief 258	Magali Marx \| Banque de France Benoit Mojon \| Bank for International Settlements (BIS) François Velde \| Federal Reserve Bank of Chicago
13 Jan, 2022	Climate actions and macro-financial stability: The role of central banks Policy Brief 255	Francesca Diluiso \| MCC Berlin Barbara Annicchiarico \| University of Rome Tor Vergata Matthias Kalkuhl \| MCC Berlin Jan C. Minx \| MCC Berlin
11 Jan, 2022	Operating leverage and its importance during the Covid-19 pandemic Policy Brief 256	Katharina Allinger \| Oesterreichische Nationalbank Ivan Huljak \| Croatian National Bank
7 Jan, 2022	The encrypted threat: Bitcoin’s social cost and regulatory responses Policy Note 262	Ulrich Bindseil \| European Central Bank (ECB) Patrick Papsdorf \| European Central Bank (ECB) Jürgen Schaaf \| European Central Bank (ECB)
7 Jan, 2022	Monetary Policy in a World of Radical Uncertainty Policy Note 263	Mervyn King \| New York University
22 Dec, 2021	What explains the emergence and diffusion of climate-related financial policies in G20 countries? Policy Brief 254	Paola D’Orazio \| Ruhr-Universität Bochum
22 Dec, 2021	Money market funds in the euro area: Vulnerabilities and the role of macroprudential policy Policy Brief 253	Tom Hudepohl \| De Nederlandsche Bank Jeroen Huiting \| De Nederlandsche Bank Annelie Petersen \| De Nederlandsche Bank
22 Dec, 2021	Determinants of the credit cycle: a flow analysis of the extensive margin Policy Brief 252	Vincenzo Cuciniello \| Bank of Italy Nicola di Iasio \| European Central Bank (ECB)
22 Dec, 2021	Mortgage and real estate markets: Current developments pose risks to financial stability Policy Note 261	Fritz Zurbrügg \| Swiss National Bank
22 Dec, 2021	Monetary and fiscal complementarity in the Covid-19 pandemic Policy Brief 249	Jagjit S. Chadha \| NIESR Luisa Corrado \| University of Rome Tor Vergata Jack Meaning \| Bank of England Tobias Schuler \| European Central Bank (ECB)
20 Dec, 2021	Big techs in finance: a new trade-off between efficiency and privacy Policy Brief 250	Frederic Boissay \| Bank for International Settlements (BIS) Torsten Ehlers \| Bank for International Settlements (BIS) Leonardo Gambacorta \| Bank for International Settlements (BIS) Hyun Song Shin \| Bank for International Settlements (BIS)

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SUERF Policy Notes & Briefs