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) |
| Jun 2022 | Policy Brief | No 360 | On the psychology of inflation and its implications | Pascal Blanqué |
| Jun 2022 | Policy Brief | No 351 | Currency demand at negative interest rates | Edoardo Rainone |
| Jun 2022 | Policy Brief | No 347 | Sectoral exchange rate pass-through in the euro area | Chiara Osbat, Yiqiao Sun, Martin Wagner |
| Apr 2022 | Policy Brief | No 321 | Would a retail CBDC achieve its intended purpose? | Romain Baeriswyl, Samuel Reynard, Alexandre Swoboda |
| Apr 2022 | Policy Note | No 273 | The return of inflation | Agustín Carstens |
| Mar 2022 | Policy Brief | No 304 | Mind the gap: The widening post-pandemic gender divide | Joyce Chang, Amy Ho |
| Mar 2022 | Policy Note | No 269 | CBDC and the international position of the euro | Wim Boonstra |
| Mar 2022 | Policy Brief | No 293 | Tax Race to the Bottom Harms Location Attractiveness of Western Europe | Leonie Fischer, Jost H. Heckemeyer, Christoph Spengel, Daniela Steinbrenner |
| Feb 2022 | Policy Brief | No 277 | Money and psychology of inflation: an investor view | Pascal Blanqué |
| Jan 2022 | Policy Brief | No 258 | Why have interest rates fallen far below the return on capital? | Magali Marx, Benoît Mojon, François R. Velde |
| Jan 2022 | Policy Note | No 263 | Monetary Policy in a World of Radical Uncertainty | Mervyn King |
| Dec 2021 | Policy Brief | No 251 | Have Bail-in Policies Reduced Too-Big-To-Fail Expectations? Evidence from the European Overnight Interbank Market | Eero Tölö, Esa Jokivuolle, Matti Virén |
| Dec 2021 | Policy Brief | No 236 | How to steer interest rates in negative territory? An analysis of reserve tiering and interbank market activity | Lucas Marc Fuhrer, Matthias Jüttner, Jan Wrampelmeyer, Matthias Zwicker |
| Nov 2021 | Policy Brief | No 215 | Monetary policy strategies in the New Normal: A model-based analysis for the euro area | Fabio Busetti, Stefano Neri, Alessandro Notarpietro, Massimiliano Pisani |
| Oct 2021 | Policy Brief | No 207 | The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls | Philippe Bacchetta, Rachel Cordonier, Ouarda Merrouche |
| 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 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 |
| Oct 2021 | Policy Brief | No 202 | Revisiting the link between government debt and sovereign interest rates in the euro area | Stéphanie Pamies, Nicolas Carnot, Anda Pătărău |
| Oct 2021 | Policy Brief | No 199 | The impact of macroprudential policies on capital flows in CESEE | Markus Eller, Niko Hauzenberger, Florian Huber, Helene Schuberth, Lukas Vashold |
| Oct 2021 | Policy Brief | No 196 | Negative interest rates and the erosion of banks’ interest margins | Jorien Freriks, Jan Kakes |
| 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 |
| Sep 2021 | Policy Brief | No 184 | Frozen markets: Iceland’s experience with capital controls | Francis Breedon, Thórarinn G. Pétursson, Paolo Vitale |
| Sep 2021 | Policy Note | No 256 | Ultra low interest rates from the perspective of a central banker | Lars Rohde |
| Sep 2021 | Policy Note | No 255 | Navigating by r*: safe or hazardous? | Claudio Borio |
| Sep 2021 | Policy Note | No 253 | Raising r*: Why, how, and if not now, when? | Robert Holzmann, Maria T. Valderrama |
| Sep 2021 | Policy Note | No 252 | Forging the Future of Monetary Union – taking stock and looking forward | Markus Rodlauer, Rolf Strauch |
| Sep 2021 | Policy Brief | No 174 | Low-for-ultra-long policy will not be enough for Japan | Hiroshi Ugai |
| Sep 2021 | Policy Brief | No 173 | An export supply channel of exchange rates | Erik Frohm |
| Sep 2021 | Policy Brief | No 172 | Central banks as bank supervisors: how does this double role affect their inflation outcomes? | Vasco Gabriel, Ioannis Lazopoulos, Diana Lima |
| Aug 2021 | Policy Brief | No 162 | The Natural Interest Rate in China | SUN Guofeng, Daniel M Rees |
| Aug 2021 | Policy Brief | No 150 | Digital euro has potential in the Netherlands | Michiel Bijlsma, Carin van der Cruijsen, Nicole Jonker and Jelmer Reijerink |
| Jul 2021 | Policy Brief | No 141 | Some warning signals about average inflation targeting | Seppo Honkapohja, Nigel McClung |
| Jul 2021 | Policy Brief | No 135 | Liquidity in the German corporate bond market: has the CSPP made a difference? | Kathi Schlepper |
| Jul 2021 | Policy Brief | No 133 | Evidence of a macroeconomic reversal rate | Paul Konietschke, Anna Samarina, Irina Stanga, Jan Willem van den End |
| Jun 2021 | Policy Brief | No 116 | The euro area sovereign debt markets in the crisis: role and impact on financial stability perspectives | Denis Beau |
| Jun 2021 | Policy Brief | No 113 | The economics of interest rates and population growth | Jesse Edgerton |
| Jun 2021 | Policy Note | No 246 | Integrated policy frameworks: The constraints of policy horizons and adjustment frequencies | Claudio Borio and Piti Disyatat |
| Jun 2021 | Policy Note | No 244 | External Vulnerabilities and Exchange Rate Pass-Through: The Case of Emerging Markets | Abdullah Kazdal, Muhammed Hasan Yılmaz |
| Jun 2021 | Policy Brief | No 99 | Stress-testing CESEE borrowers in the light of the COVID-19 pandemic | Aleksandra Riedl |
| May 2021 | Policy Brief | No 96 | Real interest rates and demographic developments: the role of population growth and migration | Lucas Fuhrer, Nils Herger |
| May 2021 | Policy Brief | No 91 | Low Interest Rates and the Distribution of Household Debt | Marina Emiris, François Koulischer |
| May 2021 | Policy Note | No 235 | Negative Interest Rate Policy – The Experience So Far | Luis Brandao Marques, Marco Casiraghi, Gaston Gelos, Gunes Kamber, Roland Meeks |
| Apr 2021 | Policy Brief | No 75 | Europe: the shock of Covid-19 and the fear of accelerated zombification | Hélène Baudchon, Louis Boisset, Guillaume Derrien, Kenza Charef |
| Mar 2021 | Policy Brief | No 53 | Who has purchased euro area debt since the start of the health crisis? | Olivier Sirello |
| Feb 2021 | Policy Brief | No 49 | Should developed economies manage international capital flows? An empirical and welfare analysis | Dennis Bonam, Gavin Goy, Emmanuel de Veirman |
| 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 Brief | No 40 | Could housing booms undermine productivity growth? | Sebastian Doerr |
| Dec 2020 | Policy Note | No 215 | Consequences for banks’ business from COVID-19 and policy responses | Francesco Mazzaferro |
| Dec 2020 | Policy Note | No 212 | Monetary policy effects when interest rates are negative | Joost Bats, Massimo Giuliodori, Aerdt Houben |
| Nov 2020 | Policy Brief | No 37 | In Support of Monetary Policy: Using the Countercyclical Capital Buffer to Avoid a Reversal Interest Rate | Matthieu Darracq Pariès, Christoffer Kok, Matthias Rottner |
| 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 Brief | No 34 | Cross-country differences in Europe’s second COVID wave | David Mackie |
| Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
| Oct 2020 | Policy Note | No 199 | Macroeconomic stabilisation when nominal interest rates are constrained: A role for household inflation expectations? | Geoff Kenny, Ioana Duca-Radu, Andreas Reuter |
| Oct 2020 | Policy Note | No 198 | The shadow of fiscal dominance: Misconceptions, perceptions and perspectives | Isabel Schnabel |
| Sep 2020 | Policy Brief | No 28 | Limits and pitfalls of QE in emerging markets | Daniel Daianu |
| Sep 2020 | Policy Note | No 192 | A rule-based monetary strategy for the European Central Bank: a call for monetary stability | Juan E. Castañeda |
| Aug 2020 | Policy Brief | No 24 | The big debt surge | Ralph Solveen |
| Jul 2020 | Policy Note | No 183 | Retail Central Bank Digital Currencies: means of payment vs store of value | Santiago Fernández de Lis, Pablo Urbiola |
| Jun 2020 | Policy Note | No 176 | Credit Guarantees in the COVID-19 crisis – Relevance and Economic Impact | Julien Brault, Simone Signore |
| Jun 2020 | Policy Brief | No 16 | Assessing the efficacy of COVID-19 tracing regimes | David Mackie |
| May 2020 | Policy Note | No 170 | International inflation co-movements | Philip R. Lane |
| 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 |
| Apr 2020 | Policy Brief | No 4 | How the economy will recover from the Corona shock | Jörg Krämer and Bernd Weidensteiner |
| Apr 2020 | Policy Brief | No 1 | Regulation, Corporate Culture and Individual Responsibility in Banking | David T Llewellyn |
| 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 145 | A “European Capitalization and Development Fund” (ECDF) to facilitate Europe’s post-corona recovery | Ernest Gnan |
| Mar 2020 | Policy Note | No 137 | R-star decline and monetary hysteresis | Phurichai Rungcharoenkitkul |
| Jan 2020 | Policy Note | No 121 | The quest for policy scope: Implications for monetary policy strategies | Klaas Knot |
| Dec 2019 | Policy Note | No 118 | Deposit facility rate, bank reserves, and portfolio reallocation incentives | Manuel Buchholz, Kirsten Schmidt, Lena Tonzer |
| 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 102 | How to improve crisis management in the banking union: a European FDIC? | Fernando Restoy |
| Aug 2019 | Policy Note | No 92 | Beliefs and Portfolios: New Measurement and Facts | Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Stephen Utkus |
| Jun 2019 | Policy Note | No 78 | Central banks are too risk averse as investors | Massimiliano Castelli, Stefan Gerlach |
| Mar 2019 | Policy Note | No 59 | New Frontiers in the Euro Debate in Iceland | Thorsteinn Thorgeirsson |
| Feb 2019 | Policy Note | No 58 | Disintermediation and re-intermediation effects of the CSPP | Óscar Arce, Ricardo Gimeno, Sergio Mayordomo |
| Sep 2018 | Policy Note | No 42 | Preserving regulatory certainty: The review of insurers’ capital requirements | Gabriel Bernardino |
| Mar 2018 | Policy Note | No 28 | Credit conditions and corporate investment in Europe | Laurent Maurin, Rozalia Pal, Philipp-Bastian Brutscher |
| Feb 2018 | Policy Note | No 27 | Euro area quantitative easing: Large volumes, small impact? | Daniel Gros |
| Oct 2017 | Policy Note | No 19 | Is cash back? Assessing the recent increase in cash demand | Clemens Jobst, Helmut Stix |
| Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |
| Sep 2015 | Policy Note | No 1 | What is money and who says so? | Peter R. Fisher |
