In September 2015, SUERF launched the SUERF Policy Notes series with focus on current financial, monetary or economic issues, designed for policy makers and financial practitioners, authored by renowned experts.
Date published | SUERF | Issue | Title | Author(s) |
Mar 2023 | Policy Brief | No 537 | Navigating the housing channel of monetary policy across euro area regions | Niccolò Battistini, Matteo Falagiarda, Angelina Hackmann, Moreno Roma |
Feb 2023 | Policy Brief | No 526 | Consumption Inequality in the Digital Age | Kai Arvai, Katja Mann |
Feb 2023 | Policy Brief | No 514 | Fund Flow Externalities Under the Microscope | Daniel Fricke, Stephan Jank, Hannes Wilke |
Jan 2023 | Policy Brief | No 506 | Is it easy to hide money in the crypto economy? The case of Russia | Armin Ahari, Johannes Duong, Jakob Hanzl, Elsa Maria Lichtenegger, Lukas Lobnik, Andreas Timel |
Jan 2023 | Policy Brief | No 501 | Going native? How crypto technology may help regulators | Claudia Biancotti |
Dec 2022 | Policy Brief | No 495 | Asset Purchases and Sovereign Risk Premia in the Euro Area during the Pandemic | Robert Blotevogel, Gergely Hudecz, Elisabetta Vangelista |
Dec 2022 | Policy Brief | No 486 | How do borrowers adjust in a household foreign currency debt crisis? | Győző Gyöngyösi, Judit Rariga, Emil Verner |
Nov 2022 | Policy Brief | No 471 | Environmental and Social Preferences and Investments in Crypto-Assets | Pavel Ciaian, Andrej Cupak, Pirmin Fessler, d’Artis Kancs |
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 458 | Immigrants and the distribution of income and wealth in the euro area | Maarten Dossche, Aleksandra Kolndrekaj, Maximilian Propst, Javier Ramos Perez, Jiri Slacalek |
Oct 2022 | Policy Brief | No 448 | Inequality and the real economy | Sebastian Doerr, Thomas Drechsel, Donggyu Lee |
Oct 2022 | Policy Brief | No 442 | New insights into inequality and wealth in the euro area | Janina Engel, Pau Gayà Riera, Joseph Grilli, Pierre Sola |
Sep 2022 | Policy Brief | No 427 | Integrating the carbon footprint into the construction of corporate bond portfolios | Mario Bajo, Emilio Rodríguez |
Sep 2022 | Policy Brief | No 425 | What Moves Markets? | Mark Kerssenfischer, Maik Schmeling |
Jul 2022 | Policy Brief | No 367 | The Eurosystem’s bond market share at an all-time high: what does it mean for repo markets? | Tomás Carrera de Souza, Tom Hudepohl |
Jun 2022 | Policy Brief | No 363 | Stablecoins - DeFi, Libra and beyond | Heike Mai |
Jun 2022 | Policy Brief | No 349 | How does financial openness affect inequality? | Stefan Avdjiev, Tsvetana Spasova |
Apr 2022 | Policy Note | No 274 | Stylised facts on debt and financial crisis | Pedro Duarte Neves |
Mar 2022 | Policy Note | No 271 | Financial stability and crypto-assets | Pablo Hernández de Cos |
Feb 2022 | Policy Brief | No 276 | The COVID Non-Performing Loan ’Tsunami’ that Never Happened and How to Avoid it Now | Reiner Martin, Piroska Nagy-Mohacsi, Elina Ribakova, Jonathan M. Fortun Vargas |
Jan 2022 | Policy Brief | No 265 | Has the Impact of the ECB’s Asset Purchases Diminished Over Time? | Andrejs Zlobins |
Jan 2022 | Policy Brief | No 259 | How to analyse monetary policy transmission and inequality in a three-agent model (THRANK) | Maria Eskelinen |
Jan 2022 | Policy Note | No 262 | The encrypted threat: Bitcoin’s social cost and regulatory responses | Ulrich Bindseil, Patrick Papsdorf, Jürgen Schaaf |
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 204 | Combining negative rates, forward guidance and asset purchases: Identification and impacts of the ECB’s unconventional policies | Massimo Rostagno, Carlo Altavilla, Giacomo Carboni, Wolfgang Lemke, Roberto Motto, Arthur Saint Guilhem |
Oct 2021 | Policy Brief | No 193 | The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic | George Hondroyiannis, Dimitrios Papaoikonomou |
Oct 2021 | Policy Brief | No 191 | Macroeconomic stabilisation in the presence of the effective lower bound: the case of the euro area | Günter Coenen, Carlos Montes-Galdón, Sebastian Schmidt |
Aug 2021 | Policy Brief | No 149 | Regulation of crypto-assets is a must for governments and central banks | Daniel Daianu |
Aug 2021 | Policy Note | No 251 | Green Liquidity Moves Mainstream | Patrick Drury Byrne, Sandeep Chana and Sylvain Broyer |
Aug 2021 | Policy Note | No 250 | Roads for the future: Central Bank Digital Currency (CBDC) and Innovative Payments | François Villeroy de Galhau |
Aug 2021 | Policy Brief | No 145 | It’s in the Tails: The Distributional Income Effects of Monetary Policy | Niklas Amberg, Thomas Jansson, Mathias Klein and Anna Rogantini Picco |
Jul 2021 | Policy Brief | No 135 | Liquidity in the German corporate bond market: has the CSPP made a difference? | Kathi Schlepper |
Jun 2021 | Policy Brief | No 118 | The reduction in homeownership rates for the young | Gonzalo Paz-Pardo |
Jun 2021 | Policy Brief | No 113 | The economics of interest rates and population growth | Jesse Edgerton |
Jun 2021 | Policy Brief | No 112 | Fund Cross-Holdings and Financial Stability | Daniel Fricke, Hannes Wilke |
Jun 2021 | Policy Note | No 243 | What does research say about the effects of central bank balance sheet policies? | Paola Di Casola |
May 2021 | Policy Note | No 242 | Does the upturn in Eurozone money growth imply 5% inflation? | Tim Congdon |
May 2021 | Policy Note | No 237 | Will consumers save the EU recovery? - Insights from the Commission’s consumer survey | Roberta Friz, Fiona Morice |
May 2021 | Policy Brief | No 88 | Strengthening the international role of the euro | Gergely Hudecz, Gong Cheng, Edmund Moshammer, Alexander Raabe |
Apr 2021 | Policy Brief | No 61 | A backstop liquidity facility for a greener economy | Eric Jondeau, Benoit Mojon, Cyril Monnet |
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 |
Nov 2020 | Policy Note | No 209 | Are equity markets currently overvalued? The role of the time horizon in earnings expectations | Roberto Blanco and Irene Roibás |
Nov 2020 | Policy Note | No 207 | Surge in corporate insolvencies hitting German banks | Jan Schildbach |
Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
Oct 2020 | Policy Note | No 197 | The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival | C.A.E. Goodhart, Manoj Pradhan |
Sep 2020 | Policy Note | No 193 | Inclusive payments for the post-pandemic world | Raphael Auer, Jon Frost, Thomas Lammer, Tara Rice, Amber Wadsworth |
Aug 2020 | Policy Note | No 188 | The Growth of Indexing - What is happening, and why? | Craig Lazzara |
Jul 2020 | Policy Note | No 185 | The Macroeconomic Impact of NPLs in Euro Area Countries | Ivan Huljak, Reiner Martin, Diego Moccero, Cosimo Pancaro |
Jun 2020 | Policy Note | No 180 | Which factors drive consumers to adopt crypto-assets? Results from an Austrian survey | Helmut Stix |
May 2020 | Policy Note | No 166 | Turning collective savings into private equity investments: The Covid-19 crisis as a catalyst for pan-European efficient resource allocation | Georges Hübner |
May 2020 | Policy Brief | No 8 | The currency composition of foreign exchange reserves | Hiro Ito and Robert N McCauley |
May 2020 | Policy Note | No 165 | Monetary policy implications of digital currencies | Katrin Assenmacher |
Apr 2020 | Policy Note | No 159 | Embedded supervision: how to build regulation into Libra 2.0 and the token economy | Raphael Auer |
Apr 2020 | Policy Note | No 149 | A diverse monetary union creates invisible transfers that justify conditional solidarity | Enrico Perotti and Oscar Soons |
Mar 2020 | Policy Note | No 141 | Reforms, Reversals and the Road Ahead: Lessons from Three Decades of Transition in Central and Eastern Europe | Beata Javorcik |
Feb 2020 | Policy Note | No 128 | Interests and alliances | Klaas Knot |
Nov 2019 | Policy Note | No 110 | Towards a European Governance Framework for Cryptoassets | Jason Grant Allen, Rosa María Lastra |
Oct 2019 | Policy Note | No 107 | Tackling non-performing loans in Europe | Peter Grasmann, Markus Aspegren, Nicolas Willems |
Sep 2019 | Policy Note | No 103 | Non-banks in the EU: ensuring a smooth transition to a Capital Markets Union | Fatima Pires |
Aug 2019 | Policy Note | No 91 | How to Make Capitalism Work for All? | Anita Angelovska Bezhoska |
Aug 2019 | Policy Note | No 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
Jun 2019 | Policy Note | No 80 | A products and activities approach to managing risk in asset management | Barbara Novick |
Jun 2019 | Policy Note | No 78 | Central banks are too risk averse as investors | Massimiliano Castelli, Stefan Gerlach |
Jun 2018 | Policy Note | No 38 | The future for central bank balance sheets and their potential use as a macroprudential tool | Paul Fisher |
May 2018 | Policy Note | No 33 | Populism and Central Bank Independence | Donato Masciandaro, Francesco Passarelli |
Jan 2018 | Policy Note | No 24 | Fairness and Support for the Reforms: Lessons from the Transition Economies | Sergei Guriev |