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SUERF Policy Notes

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 publishedSUERFIssueTitleAuthor(s)
Oct 2023Policy BriefNo 694The external financial spillovers of CBDCsAlessandro Moro, Valerio Nispi Landi
Sep 2023Policy NoteNo 322Central Banks: Firefighters or Pyromaniacs in Recent Crises?Marc-Olivier Strauss-Kahn
Sep 2023Policy BriefNo 680US Monetary Policy Spillovers To Emerging Markets: The Role of Trade CreditMélina London, Maéva Silvestrini
Sep 2023Policy BriefNo 679The current Polycrisis versus the Global Financial CrisisMarc-Olivier Strauss-Kahn
Aug 2023Policy BriefNo 673Macroeconomic News, the Financial Cycle and the Commodity Cycle: the Chinese FootprintFlavia Corneli, Fabrizio Ferriani, Andrea Gazzani
Aug 2023Policy BriefNo 672Explaining the endurance of price level differences in the euro areaHuw Dixon, Pavlos Petroulas, Theodora Kosma
Aug 2023Policy BriefNo 658The Spillover Effects of ECB Policies in a Small Open Economy frameworkBledar Hoda
Jul 2023Policy BriefNo 629Macroprudential policy is a key defense line against global financial shocksKatharina Bergant, Francesco Grigoli, Niels-Jakob Hansen, Damiano Sandri
Jun 2023Policy BriefNo 625Who holds sovereign debt and why it mattersXiang Fang, Bryan Hardy, Karen K Lewis
Jun 2023Policy BriefNo 613A common tool for a greener future: The case for an EU Climate and Energy Security FundLaurent Abraham, Marguerite O’Connell, Iñigo Arruga Oleaga
May 2023Policy BriefNo 587CBDC Policies in Open EconomiesMichael Kumhof, Marco Pinchetti, Phurichai Rungcharoenkitkul, Andrej Sokol
May 2023Policy BriefNo 584Euro Area inflation differentials: the role of fiscal policies revisitedCristina Checherita-Westphal, Nadine Leiner-Killinger, Teresa Schildmann
May 2023Policy BriefNo 583Commodity prices and the US dollarDaniel Rees
Apr 2023Policy BriefNo 575Labour market differences and monetary policy in the euro areaSandra Gomes, Pascal Jacquinot, Matija Lozej
Apr 2023Policy BriefNo 570Learning with uncertain inflation targetStefano Marzioni, Guido Traficante
Apr 2023Policy BriefNo 564The Stability and Growth Pact three decades laterJuhana Hukkinen, Matti Viren
Mar 2023Policy BriefNo 544Using machine learning to measure financial risk in ChinaAlexander Al-Haschimi, Apostolos Apostolou, Andres Azqueta-Gavaldon, Martino Ricci
Mar 2023Policy BriefNo 543How shocks to Chinese supply chains affect US and euro area manufacturingMakram Khalil, Marc-Daniel Weber
Mar 2023Policy BriefNo 534Modeling Semiconductor Export Restrictions and the US-China Trade ConflictMichael Funke, Adrian Wende
Feb 2023Policy NoteNo 301Consistent economic policies: a prerequisite for macroeconomic stabilityPablo Hernández de Cos
Feb 2023Policy BriefNo 522Macroprudential FX Regulations: Sacrificing Small Firms for Stability?María Alejandra Amado
Feb 2023Policy BriefNo 520Measuring the Optimum Currency Area properties of the euro area over its 20 years’ historyDavor Kunovac, Diego Rodriguez Palenzuela, Yiqiao Sun
Nov 2022Policy BriefNo 463Country Characteristics and Institutions as Significant Factor in Global Value Chain IntegrationMojca Lindič
Aug 2022Policy BriefNo 394Flexibility in Asset Purchases: A Structural AnalysisJames Costain, Galo Nuño, Carlos Thomas
Aug 2022Policy BriefNo 392Consumption-led expansions lead to lower growthMatti Viren
Jun 2022Policy BriefNo 349How does financial openness affect inequality?Stefan Avdjiev, Tsvetana Spasova
Jun 2022Policy BriefNo 347Sectoral exchange rate pass-through in the euro areaChiara Osbat, Yiqiao Sun, Martin Wagner
Mar 2022Policy BriefNo 299When domestic and foreign QE overlapPaola Di Casola, Pär Stockhammar
Mar 2022Policy BriefNo 292The role of systemic risk spillovers in the transmission of Euro Area monetary policyAlexandros Skouralis
Mar 2022Policy NoteNo 268Crisis-tested Europe – Solidarity with Ukraine spurs European identityHeinz Handler
Mar 2022Policy NoteNo 267Towards a single operational indicator in the SGP – A look at the properties of the current expenditure benchmarkNicholai Benalal, Maximilian Freier, Wim Melyn, Stefan Van Parys, Lukas Reiss
Feb 2022Policy BriefNo 272Global models for a global pandemic: the impact of COVID-19 on small euro area economiesPablo Garcia, Pascal Jacquinot, Črt Lenarčič, Matija Lozej, Kostas Mavromatis
Jan 2022Policy BriefNo 262Choosing the European fiscal ruleGinters Bušs, Patrick Grüning, Oļegs Tkačevs
Oct 2021Policy BriefNo 199The impact of macroprudential policies on capital flows in CESEEMarkus Eller, Niko Hauzenberger, Florian Huber, Helene Schuberth, Lukas Vashold
Sep 2021Policy BriefNo 189How do real and monetary integrations affect inflation dynamics in Turkey?Hülya Saygılı
Aug 2021Policy BriefNo 151No country is an island: International cooperation and climate changeMassimo Ferrari, Maria Sole Pagliari
Jul 2021Policy BriefNo 131Investment funds, monetary policy, and the global financial cycleChristoph Kaufmann
Jun 2021Policy NoteNo 246Integrated policy frameworks: The constraints of policy horizons and adjustment frequenciesClaudio Borio and Piti Disyatat
Apr 2021Policy NoteNo 229Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: looking-through investment fundsDaniel Carvalho, Martin Schmitz
Nov 2020Policy NoteNo 208The world economy under Covid-19: Can emerging market economies keep the engine running?Kristel Buysse, Dennis Essers
Sep 2020Policy NoteNo 194Home- and host-country prudential regulation and spillovers in dollar creditStefan Avdjiev, Bryan Hardy, Patrick McGuire, Goetz von Peter
Aug 2020Policy NoteNo 190Finland and monetary policy through three crisesTuomas Välimäki and Meri Obstbaum
Jul 2020Policy NoteNo 182Europe’s answer to Libra – potential and prerequisites of a programmable euroAndreas Krautscheid, Tobias Tenner, Siegfried Utzig
Jun 2020Policy NoteNo 178Covalization: Europe on the Rack Between Globalization and Covid - A Historian’s Perspective on the European Union: Europe and GlobalizationHarold James
May 2020Policy NoteNo 170International inflation co-movementsPhilip R. Lane
May 2020Policy NoteNo 169Making banking integration work for better risk sharing in the eurozone: the role of cross-border banking consolidationMathias Hoffmann
May 2020Policy NoteNo 164Can we compare the COVID-19 and 2008 crises?Marc-Olivier Strauss-Kahn
Apr 2020Policy NoteNo 149A diverse monetary union creates invisible transfers that justify conditional solidarityEnrico Perotti and Oscar Soons
Apr 2020Policy NoteNo 148Reflections on the health and financial crisisJacques de Larosière
Mar 2020Policy NoteNo 145A “European Capitalization and Development Fund” (ECDF) to facilitate Europe’s post-corona recoveryErnest Gnan
Nov 2019Policy NoteNo 116Following “Libra” German banks say: The economy needs a programmable digital euroAndreas Krautscheid, Tobias Tenner, Siegfried Utzig
Sep 2019Policy NoteNo 96Reconciling risk sharing with market discipline: A constructive approach to euro area reformIsabel Schnabel
Sep 2019Policy NoteNo 94Escaping the Trap: Secular Stagnation, Monetary Policy and Financial FragilityMartin Wolf
Aug 2019Policy NoteNo 89Central banks still run money creationDaniel Daianu
Jul 2019Policy NoteNo 83Global economic governance at a crossroadsCarlo Monticelli
Jun 2019Policy NoteNo 81Bilateral Trade Balances Under FocusFlorence Jaumotte
Jun 2019Policy NoteNo 76Chinese foreign investment: a dangerous obsession or a new normal? Get ready for the latter!Peter Havlik
May 2019Policy NoteNo 71Rethinking the Trade-offs for Monetary Policy in an Era of GlobalizationEnrique Martínez-García
May 2019Policy NoteNo 70The impact of Brexit on growth and the public financesIain Begg
Feb 2019Policy NoteNo 56What lies in store for the eurozone? An assessment of the Greek bailout programmes: Has the EU become wiser?Yannis Stournaras
May 2018Policy NoteNo 34Modern financial repression in the euro area crisis: making high public debt sustainable?Ad van Riet
Apr 2018Policy NoteNo 30In the euro area, discipline is of the essence, but risk-sharing is no less importantDaniel Daianu
Jan 2018Policy NoteNo 24Fairness and Support for the Reforms: Lessons from the Transition EconomiesSergei Guriev
Jan 2018Policy NoteNo 23The occasional importance of the current account in an era of a global savings glutJesper Berg, Steffen Lind
Dec 2017Policy NoteNo 22Deepening the Economic and Monetary Union: the EU priorities by 2025 and beyondMarco Buti
Nov 2017Policy NoteNo 21Risk sharing in EMU: key insights from a literature reviewDemosthenes Ioannou, David Schäfer
May 2017Policy NoteNo 12(No) worries about the new shape of international capital flowsMatthieu Bussiére, Julia Schmidt, Natacha Valla
May 2016Policy NoteNo 7Ten Myths in the Brexit DebateDavid T. Llewellyn
May 2016Policy NoteNo 6Bank secrecy in offshore centres, capital flows and blacklisting: It takes two to tangoDonato Masciandaro

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