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) |
| 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 740 | Can the green transition be risky for Slovak banks? | Jozef Kalman, Ján Klacso, Roman Vasiľ, Juraj Zeman |
| Nov 2023 | Policy Brief | No 735 | The Road to Paris: stress testing the transition towards a net-zero economy | Tina Emambakhsh, Maximilian Fuchs, Simon Kördel, Charalampos Kouratzoglou, Chiara Lelli, Riccardo Pizzeghello, Carmelo Salleo, Martina Spaggiari |
| Nov 2023 | Policy Brief | No 728 | Firm leverage and the low-carbon transition in Europe | Olimpia Carradori, Margherita Giuzio, Sujit Kapadia, Dilyara Salakhova, Katia Vozian |
| Oct 2023 | Policy Brief | No 705 | Global decarbonization from the perspective of fossil fuel dependent economies | Lars Jensen |
| Oct 2023 | Policy Brief | No 704 | Is climate policy risk priced in by European stock investors? | Philippe Loyson, Rianne Luijendijk, Sweder van Wijnbergen |
| Oct 2023 | Policy Brief | No 695 | Including Carbon Taxation Risk in Deutsche Bundesbank’s In-house Credit Assessment System (ICAS): An Empirical Analysis | Justus Grundmann, Laura Auria |
| Oct 2023 | Policy Brief | No 693 | Climate risks in Latin America and the Caribbean: are banks ready for the green transition? | Barbara Marchitto, Ricardo Santos, Joana Conde |
| Sep 2023 | Policy Brief | No 685 | How does climate change reshape the corporate sector? Evidence from Italian firms | Michele Cascarano, Filippo Natoli, Andrea Petrella |
| Sep 2023 | Policy Brief | No 684 | Fear (no more) of Floating: How emerging market central banks avoided a currency meltdown during the pandemic despite purchasing local-currency assets | Yasin Mimir, Enes Sunel |
| Aug 2023 | Policy Brief | No 670 | How to Design Carbon Pricing Under Financial Constraints? Revisiting Pigouvian Taxation when Borrowers are “Too Levered for Pigou” | Robin Döttling, Magdalena Rola-Janicka |
| Aug 2023 | Policy Brief | No 657 | The climate change challenge and fiscal instruments and policies in the EU | Aris Avgousti, Francesco Caprioli, Giacomo Caracciolo, Marion Cochard, Pietro Dallari, Mar Delgado-Téllez, João Domingues, Marien Ferdinandusse, Daniela Filip, Carolin Nerlich, Doris Prammer, Katja Schmidt, Anastasia Theofilakou |
| Aug 2023 | Policy Brief | No 647 | Technology to combat climate change: where is investment flowing? | Giulio Cornelli, Jon Frost, Leonardo Gambacorta, Ouarda Merrouche |
| Jul 2023 | Policy Brief | No 633 | Gauging the macroeconomic effects of higher carbon prices | Günter Coenen, Matija Lozej, Romanos Priftis |
| Jun 2023 | Policy Brief | No 613 | A common tool for a greener future: The case for an EU Climate and Energy Security Fund | Laurent Abraham, Marguerite O’Connell, Iñigo Arruga Oleaga |
| Jun 2023 | Policy Brief | No 610 | Climate change risks and the energy and emission allowances market – An analysis based on EMIR data | Merel Vrolijk, Ellen van der Woerd, Elisabeth de Vogel |
| Jun 2023 | Policy Brief | No 604 | Back to the future: gold in international reserves as a new stabilizer (again!) of exchange rate systems | Aleksandr V. Gevorkyan, Tarron Khemraj |
| Jun 2023 | Policy Brief | No 601 | What are the short-to-medium-term effects of extreme weather on the Croatian economy? | Tihana Škrinjarić |
| May 2023 | Policy Brief | No 589 | The environmental goods and services sector is the keystone of net zero: Let’s subsidize it! | Eric Jondeau, Grégory Levieuge, Jean-Guillaume Sahuc, Gauthier Vermandel |
| May 2023 | Policy Brief | No 583 | Commodity prices and the US dollar | Daniel Rees |
| May 2023 | Policy Brief | No 578 | The effectiveness of green collateral policy as an instrument of climate policy | Francesco Giovanardi, Matthias Kaldorf, Lucas Radke, Florian Wicknig |
| Apr 2023 | Policy Brief | No 574 | The effect of extreme temperatures on the US economy and on the conduct of monetary policy | Filippo Natoli |
| Apr 2023 | Policy Brief | No 567 | Catching the green-tech train: technology and climate change mitigation | Claire Alestra, Gilbert Cette, Valérie Chouard, Rémy Lecat |
| Apr 2023 | Policy Brief | No 561 | Leaning against the Global Financial Cycle | Andrea Ferrero, Maurizio Michael Habib, Livio Stracca, Fabrizio Venditti |
| Apr 2023 | Policy Brief | No 559 | Will the Green Transition Be Inflationary? Expectations Matter | Alessandro Ferrari, Valerio Nispi Landi |
| Mar 2023 | Policy Brief | No 553 | Machine Learning Methods in Climate Finance: a Systematic Review | Andrés Alonso-Robisco, José Manuel Carbó, José Manuel Marqués |
| Mar 2023 | Policy Note | No 305 | Climate stress tests: Are banks fit for the green transition? | Ursula Walther |
| Mar 2023 | Policy Brief | No 541 | Climate Risks in Albania and their Relevance to the Central Bank | Margerita Topalli, Pierre Monnin |
| Feb 2023 | Policy Brief | No 525 | FX intervention to stabilize or manipulate the exchange rate? Inference from profitability | Damiano Sandri |
| Feb 2023 | Policy Brief | No 515 | Green Policies and Transition Risk Propagation in Production Networks | Pablo Aguilar, Beatriz González, Samuel Hurtado |
| Dec 2022 | Policy Note | No 294 | A modern credit guidance regime for the green transition | Katie Kedward, Daniela Gabor, Josh Ryan-Collins |
| Dec 2022 | Policy Brief | No 494 | Introducing Green Bank Equity to fund the low-carbon transition | Aaron Janowski |
| Dec 2022 | Policy Brief | No 489 | The impact of portfolio-based green monetary policy | Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig, Carolin Nerlich |
| Dec 2022 | Policy Brief | No 487 | Pricing of green bonds – drivers and dynamics of the greenium | Allegra Pietsch, Dilyara Salakhova |
| Dec 2022 | Policy Brief | No 483 | The Links Between Emerging Market Bond Flows, Exchange Rates and Future Financial Conditions | Peter Hördahl, Giorgio Valente |
| Nov 2022 | Policy Brief | No 473 | The Impact of Natural Disasters on Banks’ Impairment Flow – Evidence from Germany | Iliriana Shala, Benno Schumacher |
| Nov 2022 | Policy Brief | No 462 | Disclosure of climate change risks in credit ratings | Miriam Breitenstein, Stefania Ciummo, Florian Walch |
| Oct 2022 | Policy Brief | No 443 | Transition Versus Physical Climate Risk Pricing in European Financial Markets: A Text-Based Approach | Giovanna Bua, Daniel Kapp, Federico Ramella, Lavinia Rognone |
| Oct 2022 | Policy Brief | No 436 | The double materiality of climate physical and transition risks in the euro area | Regis Gourdel, Irene Monasterolo, Nepo Dunz, Andrea Mazzocchetti, Laura Parisi |
| 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 421 | Nothing spreads like technology: Digitalisation and its Interaction with Institutions and Governance | Claudio Baccianti, Vincent Labhard, Jonne Lehtimäki |
| Sep 2022 | Policy Brief | No 415 | How much foreign currency must a central bank buy to implement a minimum exchange rate? Estimation using the Swiss National Bank as an example | Markus Hertrich |
| Sep 2022 | Policy Note | No 287 | Monetary policy and the Great Volatility | Isabel Schnabel |
| Aug 2022 | Policy Brief | No 399 | The effects of internationally coordinated carbon pricing on the economy and welfare | Anne Ernst, Natascha Hinterlang, Alexander Mahle, Nikolai Stähler |
| 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 387 | Climate Change-Related Regulatory Risks and Bank Lending | Isabella Mueller, Eleonora Sfrappini |
| Jul 2022 | Policy Brief | No 383 | Measuring the engagement in climate-related financial policymaking: the climate-related financial policy index | Paola D’Orazio |
| Jul 2022 | Policy Brief | No 376 | Climate change and inflation in the euro area | Christiane Nickel |
| Jul 2022 | Policy Brief | No 372 | Toward a green economy: the role of central bank’s asset purchases | Alessandro Ferrari, Valerio Nispi Landi |
| Jul 2022 | Policy Brief | No 368 | Inflation Expectations and Climate Concern | Christoph Meinerding, Andrea Poinelli, Yves Schüler |
| Jun 2022 | Policy Brief | No 354 | A Coasian Bargain: Climate Financing to Phase Out Coal | Tobias Adrian, Patrick Bolton, Alissa M. Kleinnijenhuis |
| Jun 2022 | Policy Note | No 282 | Trade and Climate – The Disrupted Nexus | Stefan P. Schleicher |
| Jun 2022 | Policy Brief | No 348 | 9 stylized facts on productivity | Andreas Breitenfellner, Robert Holzmann, Richard Sellner, Maria Silgoner, Thomas Zörner |
| Jun 2022 | Policy Brief | No 347 | Sectoral exchange rate pass-through in the euro area | Chiara Osbat, Yiqiao Sun, Martin Wagner |
| Jun 2022 | Policy Brief | No 345 | Can banks weather the green transition? The financial risks of increasingly stringent climate policies | Marco Belloni, Friderike Kuik, Luca Mingarelli |
| May 2022 | Policy Brief | No 336 | Business resilience in the pandemic and beyond: Adaptation, innovation, financing and climate action from Eastern Europe to Central Asia | Luca Gattini, Rozália Pál, Helena Schweiger, Laura Valderrama |
| May 2022 | Policy Brief | No 332 | Analysis of ESG disclosures in Pillar 3 reports. A text mining approach | Angel Iván Moreno, Teresa Caminero García |
| May 2022 | Policy Brief | No 325 | Climate Change and Individual Behavior | René Bernard, Panagiota Tzamourani, Michael Weber |
| Apr 2022 | Policy Brief | No 321 | Would a retail CBDC achieve its intended purpose? | Romain Baeriswyl, Samuel Reynard, Alexandre Swoboda |
| Apr 2022 | Policy Brief | No 318 | How do carbon prices spillover along global production networks? | Ivan Frankovic |
| Apr 2022 | Policy Brief | No 309 | The low-carbon transition, climate commitments and firm credit risk | Sante Carbone, Margherita Giuzio, Sujit Kapadia, Johannes Sebastian Krämer, Ken Nyholm, Katia Vozian |
| Mar 2022 | Policy Brief | No 307 | On the Welfare Effects of Using Energy and Emissions Taxes to Finance a Labour Tax Reduction in a Multi-sector DSGE Model | Natascha Hinterlang, Anika Martin, Oke Röhe, Nikolai Stähler, Johannes Strobel |
| Feb 2022 | Policy Brief | No 268 | Monetary policy and the green transition | Lena Boneva, Gianluigi Ferrucci, Francesco Paolo Mongelli |
| Jan 2022 | Policy Brief | No 255 | Climate actions and macro-financial stability: The role of central banks | Francesca Diluiso, Barbara Annicchiarico, Matthias Kalkuhl, Jan. C. Minx |
| Dec 2021 | Policy Brief | No 254 | What explains the emergence and diffusion of climate-related financial policies in G20 countries? | Paola D’Orazio |
| Dec 2021 | Policy Brief | No 240 | The European CBAM as a first step towards a globally coordinated climate policy | Daniel Römer, Milena Schwarz |
| Nov 2021 | Policy Brief | No 230 | Temporary panic or fundamental change in payment habits in Europe? Lesson from COVID-19 pandemic shift towards cashless payments | Michal Polasik, Radoslaw Kotkowski |
| Nov 2021 | Policy Brief | No 213 | The role of prudential policy in addressing climate change | Fernando Restoy |
| Oct 2021 | Policy Brief | No 205 | Mind the promotional gap! Climate-related financial policies and institutional dynamics | Moritz Baer, Emanuele Campiglio, Jérôme Deyris |
| Sep 2021 | Policy Brief | No 186 | Prudential responses to COVID-19 in G20 countries: a missed opportunity to enhance "green" financial policy and regulations? | Paola D’Orazio |
| Sep 2021 | Policy Brief | No 184 | Frozen markets: Iceland’s experience with capital controls | Francis Breedon, Thórarinn G. Pétursson, Paolo Vitale |
| Sep 2021 | Policy Brief | No 173 | An export supply channel of exchange rates | Erik Frohm |
| Aug 2021 | Policy Brief | No 152 | Patchy data is a good start: from Kuznets and Clark to supervisors and climate | Frank Elderson |
| Aug 2021 | Policy Brief | No 151 | No country is an island: International cooperation and climate change | Massimo Ferrari, Maria Sole Pagliari |
| Jul 2021 | Policy Brief | No 140 | How green is your budget? Green budgeting practices in the EU | Elva Bova |
| Jul 2021 | Policy Brief | No 121 | How climate protection adds to inflation | Jörg Krämer, Ralph Solveen |
| Jul 2021 | Policy Brief | No 120 | What is the true resilience of our financial systems to climate change with the buffers we currently have? | Alejandro Díaz de León |
| 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 |
| May 2021 | Policy Brief | No 94 | Climate risks and collateral: a methodological experiment | Pierre-François Weber, Bünyamin Erkan, Antoine Oustry, Romain Svartzman |
| Apr 2021 | Policy Brief | No 72 | Uncertainty Is Not an Excuse. Integrating Climate Risks into Monetary Policy Operations and Financial Supervision | Julia Anna Bingler, Chiara Colesanti Senni, Pierre Monnin |
| Apr 2021 | Policy Note | No 231 | The challenges to the banking sector a year after the outbreak of the COVID-19 pandemic | Pablo Hernández de Cos |
| Mar 2021 | Policy Brief | No 59 | Whatever it takes to save the planet? Central banks and unconventional green policy | Alessandro Ferrari, Valerio Nispi Landi |
| Mar 2021 | Policy Note | No 226 | Greening the UK financial system – a fit for purpose approach | Yannis Dafermos, Daniela Gabor, Maria Nikolaidi, Frank van Lerven |
| 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 |
| Nov 2020 | Policy Brief | No 36 | A stronger voice for Europe in global development | Werner Hoyer |
| 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 |
| Sep 2020 | Policy Brief | No 28 | Limits and pitfalls of QE in emerging markets | Daniel Daianu |
| May 2020 | Policy Note | No 170 | International inflation co-movements | Philip R. Lane |
| May 2020 | Policy Note | No 167 | Services are the next – and fast approaching – frontier of global trade and financial services is a sector leading the way | Robert Koopman |
| Apr 2020 | Policy Note | No 151 | Mother Nature: The gender-climate nexus | Jessica Murray |
| 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 138 | Euro Area Economics: Greenflation? | Jacob Nell, Joao Almeida, Markus Guetschow |
| Jan 2020 | Policy Note | No 122 | TCFD: strengthening the foundations of sustainable finance | Mark Carney |
| Dec 2019 | Policy Note | No 120 | Investing in Europe’s Competitiveness and Sustainability | Werner Hoyer |
| Jun 2019 | Policy Note | No 78 | Central banks are too risk averse as investors | Massimiliano Castelli, Stefan Gerlach |
| Apr 2019 | Policy Note | No 65 | A New Horizon | Mark Carney |
| Mar 2019 | Policy Note | No 61 | Beyond voluntary disclosure: why a ‘market-shaping’ approach to financial regulation is needed to meet the challenge of climate change | Josh Ryan-Collins |
| Mar 2019 | Policy Note | No 59 | New Frontiers in the Euro Debate in Iceland | Thorsteinn Thorgeirsson |
| Nov 2018 | Policy Note | No 47 | Regtech meets financial supervision: how climate scenario analysis by supervisors is ushering in a new regulatory paradigm | Jakob Thomä |
| Oct 2018 | Policy Note | No 45 | A plea for a paradigm shift in financial decision-making in the age of climate change and disruptive technologies | Angela Köppl, Sigrid Stagl |
| Oct 2018 | Policy Note | No 43 | A Green Supporting Factor — The Right Policy? | Jacob Dankert, Lars van Doorn, Henk Jan Reinders, Olaf Sleijpen |
| Sep 2018 | Policy Note | No 41 | Central banks should reflect climate risks in monetary policy operations | Pierre Monnin |
| Jul 2018 | Policy Note | No 39 | Green bond finance and certification | Torsten Ehlers, Frank Packer |
| Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |
