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 722 | High Debt Levels Can Impede Monetary Policy | Luis Brandao-Marques, Marco Casiraghi, Gaston Gelos, Olamide Harrison, Gunes Kamber |
| Oct 2023 | Policy Brief | No 696 | Mental Accounting and the Marginal Propensity to Consume | René Bernard |
| Sep 2023 | Policy Note | No 322 | Central Banks: Firefighters or Pyromaniacs in Recent Crises? | Marc-Olivier Strauss-Kahn |
| Aug 2023 | Policy Brief | No 656 | Should we bother with sovereign sustainability bonds? | Daniel C. Hardy |
| Jul 2023 | Policy Brief | No 640 | Solving the enforcement dilemma of the EU fiscal rules | Paul Dermine, Martin Larch |
| Jul 2023 | Policy Brief | No 634 | 2020s vs 1970s: echoes, not a replay | Monica Defend, Vincent Mortier |
| Jul 2023 | Policy Brief | No 633 | Gauging the macroeconomic effects of higher carbon prices | Günter Coenen, Matija Lozej, Romanos Priftis |
| Jul 2023 | Policy Brief | No 631 | Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from Slovenia | Filippo Arigoni, Miha Breznikar, Črt Lenarčič, Matjaž Maletič |
| Jun 2023 | Policy Brief | No 606 | Does it matter where and how governments spend? | Ernil Sabaj, Rashid Sbia, Haytem Troug |
| May 2023 | Policy Brief | No 595 | Don’t blame the government!? An assessment of debt forecast errors with a view to the Economic Governance Review | Alena Bachleitner, Doris Prammer |
| May 2023 | Policy Brief | No 591 | What to expect after “effortless” debt reduction in the euro area? | Matthias Reith |
| May 2023 | Policy Brief | No 584 | Euro Area inflation differentials: the role of fiscal policies revisited | Cristina Checherita-Westphal, Nadine Leiner-Killinger, Teresa Schildmann |
| May 2023 | Policy Brief | No 580 | Can machine learning help forecasting fiscal crises in emerging and developing countries? | Raffaele De Marchi, Alessandro Moro |
| May 2023 | Policy Note | No 310 | Monetary and fiscal policies as anchors of trust and stability | Agustín Carstens |
| Feb 2023 | Policy Note | No 301 | Consistent economic policies: a prerequisite for macroeconomic stability | Pablo Hernández de Cos |
| Feb 2023 | Policy Brief | No 532 | A New EU Economic Governance and Fiscal Framework: what role for the national independent fiscal institutions (IFIs)? | Daniel Daianu |
| Feb 2023 | Policy Brief | No 531 | Austerity benefits the extremes | Ricardo Duque Gabriel, Mathias Klein, Ana Sofia Pessoa |
| Feb 2023 | Policy Brief | No 529 | The effects of monetary policy across fiscal regimes | Roben Kloosterman, Dennis Bonam, Koen van der Veer |
| Feb 2023 | Policy Brief | No 524 | Highly Dispersed inflation rates challenge the ECB’s monetary policy strategy | Thomas Url |
| Feb 2023 | Policy Note | No 297 | Risk reduction vs risk sharing: A sticking point in the ongoing review of the EU fiscal framework? | Martin Larch, Matthias Busse, Mateja Gabrijelcic, Laszlo Jankovics, Janis Malzubris |
| Jan 2023 | Policy Brief | No 509 | EU fiscal rules 2.0, more carrot than stick plus greenwashing? | Matthias Reith, Gunter Deuber |
| Jan 2023 | Policy Note | No 296 | Finding the right mix: monetary-fiscal interaction at times of high inflation | Isabel Schnabel |
| Nov 2022 | Policy Brief | No 468 | The reform of the EU fiscal framework: an enhanced surveillance role for independent fiscal councils? | Christos Chrysanthakopoulos, Athanasios Tagkalakis |
| Oct 2022 | Policy Brief | No 445 | Fiscal deficits and inflation risks: the role of fiscal and monetary policy regimes | Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli |
| Aug 2022 | Policy Brief | No 401 | Allocation is key? Analysis of ECB public sector bond purchases’ divergence from the capital key | Carlo Birkholz, Friedrich Heinemann |
| 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 365 | Subjective inflation expectations of households and firms | Michael Weber |
| Jun 2022 | Policy Brief | No 360 | On the psychology of inflation and its implications | Pascal Blanqué |
| Jun 2022 | Policy Brief | No 359 | Scarring effects of major economic downturns: The role of fiscal policy and government investment | Martin Larch, Peter Claeys, Wouter van der Wielen |
| Jun 2022 | Policy Brief | No 355 | Japan’s Sovereign Rating in the Post-Pandemic Era: Quo Vadis? | Jinho Choi, Alexander den Ruijter, Kimi Xu Jiang, Edmund Moshammer |
| May 2022 | Policy Brief | No 327 | Under Pressure: Credibility of Monetary Policy | Antoine Camous, Dmitry Matveev |
| Apr 2022 | Policy Brief | No 323 | Is Super-Active Fiscal Policy Desirable? | Roberto M. Billi, Carl E. Walsh |
| Mar 2022 | Policy Brief | No 300 | Household saving and fiscal policy: Evidence for the euro area from a thick modelling perspective | Cristina Checherita-Westphal, Marcel Stechert |
| Mar 2022 | Policy Brief | No 291 | The Political Economy of Currency Unions | Kai Arvai |
| Mar 2022 | Policy Note | No 267 | Towards a single operational indicator in the SGP – A look at the properties of the current expenditure benchmark | Nicholai Benalal, Maximilian Freier, Wim Melyn, Stefan Van Parys, Lukas Reiss |
| Jan 2022 | Policy Brief | No 267 | Pledge or pretext? Lessons from the Fiscal Compact | Martin Larch, Matthias Busse, László Jankovics |
| Jan 2022 | Policy Brief | No 262 | Choosing the European fiscal rule | Ginters Bušs, Patrick Grüning, Oļegs Tkačevs |
| Jan 2022 | Policy Brief | No 261 | Firm financing and public liquidity measures during the pandemic | Ida Rommedahl Julin, Andreas Kuchler, Alexander Meldgaard Otte |
| Dec 2021 | Policy Brief | No 249 | Monetary and fiscal complementarity in the Covid-19 pandemic | Jagjit S Chadha, Luisa Corrado, Jack Meaning, Tobias Schuler |
| Nov 2021 | Policy Brief | No 234 | Optimism is bad for fiscal outcomes | Martin Larch, Janis Malzubris, Matthias Busse |
| 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 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 |
| Sep 2021 | Policy Brief | No 190 | The Effects of Fiscal Policy when Planning Horizons are Finite | Joep Lustenhouwer, Kostas Mavromatis |
| Sep 2021 | Policy Note | No 254 | Fiscal-Monetary Crosswinds in the Euro Area | Lucrezia Reichlin, Giovanni Ricco, Matthieu Tarbé |
| Jul 2021 | Policy Brief | No 140 | How green is your budget? Green budgeting practices in the EU | Elva Bova |
| Jun 2021 | Policy Brief | No 119 | Six ways to bring inflation (expectations) up | Ernest Gnan |
| May 2021 | Policy Note | No 239 | How to prevent a too restrictive fiscal policy in Europe? | Wim Boonstra |
| May 2021 | Policy Note | No 238 | Monetary and Fiscal Policy: Privileged powers, entwined responsibilities | Claudio Borio and Piti Disyatat |
| Apr 2021 | Policy Brief | No 63 | The role of fiscal policies in the Covid-19 crisis: scope and limitations | Niels Thygesen |
| Mar 2021 | Policy Brief | No 58 | Next Generation EU: can we do better? | Lorenzo Codogno, Paul van den Noord |
| Mar 2021 | Policy Brief | No 55 | Debt cancellation by the ECB: Does it make a difference? | Paul de Grauwe |
| 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 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 |
| Dec 2020 | Policy Note | No 211 | Preparing for a higher inflation regime | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
| Nov 2020 | Policy Brief | No 35 | Keynes and Schumpeter are what the European economy needs right now | Sylvain Broyer |
| Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
| 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 |
| Oct 2020 | Policy Brief | No 33 | Update of the European Fiscal Monitor (September 2020) | Willem-Pieter de Groen, Inna Oliinyk |
| Oct 2020 | Policy Note | No 198 | The shadow of fiscal dominance: Misconceptions, perceptions and perspectives | Isabel Schnabel |
| Aug 2020 | Policy Brief | No 24 | The big debt surge | Ralph Solveen |
| Aug 2020 | Policy Note | No 186 | European Recovery Fund: Sceptics Q&A | Reza Moghadam, Jacob Nell, Joao Almeida, Bruna Skarica, Markus Guetschow |
| Jul 2020 | Policy Note | No 184 | Special Update of the European Fiscal Monitor | Willem-Pieter de Groen, Inna Oliinyk, Sander van Veldhuizen |
| Jul 2020 | Policy Note | No 181 | A sensible fiscal policy for the sharp rise in government debt | Forrest Capie, Meyrick Chapman, Chris Marsh, Geoffrey Wood |
| Jun 2020 | Policy Note | No 177 | The EU’s recovery plan is the next generation of fiscal solidarity | Sylvain Broyer |
| Jun 2020 | Policy Note | No 173 | A first look at fiscal dynamics in the Euro area after COVID-19: the case for a shift in the fiscal governance system | Marco Protopapa |
| 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 |
| May 2020 | Policy Note | No 161 | Shh, don’t say it! ECB Helicopter Money: Economics and Politics | Donato Masciandaro |
| Apr 2020 | Policy Note | No 149 | A diverse monetary union creates invisible transfers that justify conditional solidarity | Enrico Perotti and Oscar Soons |
| Apr 2020 | Policy Note | No 148 | Reflections on the health and financial crisis | Jacques de Larosière |
| Mar 2020 | Policy Note | No 140 | The Paradox of Endogenous Nationalism and the Role of Quantitative Easing | Massimo Morelli |
| Mar 2020 | Policy Note | No 138 | Euro Area Economics: Greenflation? | Jacob Nell, Joao Almeida, Markus Guetschow |
| Jan 2020 | Policy Note | No 124 | Economic policy in EMU: What role for fiscal and monetary policy? Which has more scope left? How to combine them? | Marco Buti |
| Nov 2019 | Policy Note | No 117 | Euro Area Fiscal Policy: The Factual, the Possible and the Surprising | Daniele Antonucci |
| Nov 2019 | Policy Note | No 114 | Central Banking in challenging times | Claudio Borio |
| Nov 2019 | Policy Note | No 111 | Reforming the Stability and Growth Pact: Striving for sustainability while offering room for manoeuvre | Karsten Wendorff |
| 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 97 | Strengthened EU fiscal framework: fiscal discipline versus economic stabilization | Bernhard Grossmann, Gottfried Haber |
| Sep 2019 | Policy Note | No 96 | Reconciling risk sharing with market discipline: A constructive approach to euro area reform | Isabel Schnabel |
| Aug 2019 | Policy Note | No 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
| Mar 2019 | Policy Note | No 60 | Fiscal Rules | Vitor Gaspar, David Amaglobeli |
| May 2018 | Policy Note | No 34 | Modern financial repression in the euro area crisis: making high public debt sustainable? | Ad van Riet |
| Nov 2017 | Policy Note | No 21 | Risk sharing in EMU: key insights from a literature review | Demosthenes Ioannou, David Schäfer |
