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) |
| Dec 2023 | Policy Brief | No 757 | Have (excess) profits been shaping domestic price pressures in Austria? | Friedrich Fritzer, Doris Prammer, Lukas Reiss, Martin Schneider |
| Dec 2023 | Policy Brief | No 753 | Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins | Paul Hubert, Frédérique Savignac |
| Nov 2023 | Policy Brief | No 750 | Easier said than done: Predicting downside risks to house prices in Croatia | Tihana Škrinjarić, Maja Sabol |
| Nov 2023 | Policy Brief | No 743 | Impact assessment of high inflation on Greek public finances. Does the type of inflation matter? Evidence from a highly indebted country | Sophia Lazaretou, George Palaiodimos |
| Nov 2023 | Policy Brief | No 730 | Inflation expectations in CESEE are shaped by the sentiment and experiences of individuals | Katharina Allinger, Fabio Rumler |
| Nov 2023 | Policy Brief | No 725 | Do firms listen when the ECB speaks? The impact of monetary policy shocks on firms’ bank loan expectations | Annalisa Ferrando, Caterina Forti Grazzini |
| 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 710 | Energy price shocks and inflation in the euro area | Stefano Neri, Fabio Busetti, Cristina Conflitti, Francesco Corsello, Davide Delle Monache, Alex Tagliabracci |
| Oct 2023 | Policy Brief | No 708 | Mortgage borrowing caps: leverage, default, and welfare | João G. Oliveira, Leonor Queiró |
| Oct 2023 | Policy Brief | No 698 | E-commerce and Price Setting: Evidence from Europe | Georg Strasser, Elisabeth Wieland, Paweł Macias, Aneta Błażejowska, Karol Szafranek, David Wittekopf |
| Oct 2023 | Policy Brief | No 697 | On the Origins of the Federal Reserve System and Its Structure | Owen F. Humpage |
| 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 |
| Sep 2023 | Policy Brief | No 686 | The long-term effects of inflation on inflation expectations | Fabio Braggion, Felix von Meyerinck, Nic Schaub, Michael Weber |
| Sep 2023 | Policy Brief | No 675 | How producer price changes transmit into final goods prices | Edvin Ahlander, Mikael Carlsson, Mathias Klein |
| Aug 2023 | Policy Brief | No 673 | Macroeconomic News, the Financial Cycle and the Commodity Cycle: the Chinese Footprint | Flavia Corneli, Fabrizio Ferriani, Andrea Gazzani |
| Aug 2023 | Policy Brief | No 672 | Explaining the endurance of price level differences in the euro area | Huw Dixon, Pavlos Petroulas, Theodora Kosma |
| Aug 2023 | Policy Brief | No 663 | The drivers of market-based inflation expectations in the euro area and in the US | Christian Höynck, Luca Rossi |
| Aug 2023 | Policy Brief | No 652 | Rising energy prices and productivity: short-run pain, long-term gain? | Christophe André, Hélia Costa, Lilas Demmou, Guido Franco |
| Aug 2023 | Policy Brief | No 651 | Identifying money and inflation expectation shocks on real oil prices | Szilard Benk, Max Gillman |
| Jul 2023 | Policy Brief | No 642 | House price expectations and inflation expectations: Evidence from survey data | Vedanta Dhamija, Ricardo Nunes, Roshni Tara |
| Jul 2023 | Policy Note | No 314 | Has monetary policy changed for good? A retrospective on recent history and implications going forward | Stefano Neri |
| Jul 2023 | Policy Brief | No 634 | 2020s vs 1970s: echoes, not a replay | Monica Defend, Vincent Mortier |
| Jul 2023 | Policy Brief | No 628 | Large shock, small adjustment – Evidence from the 2021 energy crisis | Matteo Alpino, Luca Citino, Annalisa Frigo |
| Jun 2023 | Policy Note | No 313 | Monetary and financial stability – can they be separated? | Isabel Schnabel |
| May 2023 | Policy Brief | No 597 | Boosting the Green Transition: Greenhouse gas emissions and bank lending | Koji Takahashi, Junnosuke Shino |
| May 2023 | Policy Brief | No 593 | How often and how much do food prices change during periods of high inflation – an analysis of online prices in Austria | Christian Beer, Robert Ferstl, Bernhard Graf, Fabio Rumler |
| May 2023 | Policy Brief | No 583 | Commodity prices and the US dollar | Daniel Rees |
| May 2023 | Policy Brief | No 582 | Critical metals for the low-carbon transition: macro-financial issues | Stéphane Dees, Simon Dikau, Hugh Miller, Romain Svartzman |
| Apr 2023 | Policy Brief | No 572 | House prices and ultra-low interest rates: Exploring the non-linear nexus | Daniel Dieckelmann, Hannah S. Hempell, Barbara Jarmulska, Jan Hannes Lang, Marek Rusnák |
| Apr 2023 | Policy Brief | No 565 | Monetary Policy in the Presence of Supply Constraints | Almut Balleer, Marvin Noeller |
| Apr 2023 | Policy Brief | No 560 | Evaluating the macroprudential stance in a growth-at-risk framework | Dominic Cucic, Ianna Georgieva Yordanova, Niels Framroze Møller, Simon Gade Søndergaard |
| Apr 2023 | Policy Brief | No 559 | Will the Green Transition Be Inflationary? Expectations Matter | Alessandro Ferrari, Valerio Nispi Landi |
| Mar 2023 | Policy Brief | No 535 | The fear of job loss as a driver of households’ labour supply | Wouter Gelade, Maud Nautet, Céline Piton |
| Feb 2023 | Policy Brief | No 533 | When food bites back: What quarterly firm-level data reveal about food inflation | André Casalis |
| Feb 2023 | Policy Brief | No 524 | Highly Dispersed inflation rates challenge the ECB’s monetary policy strategy | Thomas Url |
| Feb 2023 | Policy Note | No 298 | European Housing Prices: A Sticky, Gradual Decline | Sylvain Broyer, Marion Amiot, Boris S Glass, Aude Guez |
| Jan 2023 | Policy Brief | No 512 | Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices | Barbara Rudolf, Pascal Seiler |
| 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 470 | What micro price data teach us about the inflation process: web-scraping in PRISMA | Chiara Osbat |
| Nov 2022 | Policy Brief | No 466 | Price-at-risk: systemic risk from price-impact induced contagion | Gábor Fukker, Michiel Kaijser, Luca Mingarelli, Matthias Sydow |
| Nov 2022 | Policy Note | No 292 | The complex task of reforming the EU’s electricity market - Intervention options proposed by the European Commission | Cristian Stet, Pablo Ruiz, Susan Hansen |
| Oct 2022 | Policy Note | No 291 | Monetary policy and inflation: recent developments | Ignazio Visco |
| Oct 2022 | Policy Brief | No 437 | Is a global factor driving bond yields lately? | Mattia Girotti, Guillaume Horny, Adrian Penalver, Anna Petronevich |
| Oct 2022 | Policy Brief | No 435 | Using household-level data to guide borrower-based macro-prudential policy | Gastón Andrés Giordana, Michael Heinrich Ziegelmeyer |
| Oct 2022 | Policy Brief | No 434 | Growth Expectations and the Dynamics of Entry | Enisse Kharroubi |
| Sep 2022 | Policy Brief | No 431 | Consumer Inflation Expectations and Regional Price Changes | Tomasz Łyziak, Michael Pedersen, Ewa Stanisławska |
| Sep 2022 | Policy Brief | No 425 | What Moves Markets? | Mark Kerssenfischer, Maik Schmeling |
| Sep 2022 | Policy Brief | No 422 | Job polarisation decreases the access to credit in Europe | Michele Cantarella, Ilja Kristian Kavonius |
| Sep 2022 | Policy Note | No 288 | Product level greenhouse gas contents – how to get there? | Ulf von Kalckreuth |
| Sep 2022 | Policy Brief | No 411 | Subjective Expectations and Uncertainty | Andrzej Kocięcki, Tomasz Łyziak, Ewa Stanisławska |
| Sep 2022 | Policy Brief | No 407 | Household inflation expectations react to high euro area inflation | Gabriele Galati, Richhild Moessner, Maarten van Rooij |
| Aug 2022 | Policy Brief | No 396 | The pass-through from inflation perceptions to inflation expectations | Stefanie J. Huber, Daria Minina, Tobias Schmidt |
| Aug 2022 | Policy Brief | No 393 | Stagflation in the 1970s: lessons for the current situation | Almira Enders, Sebastian Giesen, Dominic Quint |
| Aug 2022 | Policy Brief | No 391 | Why is Swiss inflation low? | GianLuigi Mandruzzato |
| Aug 2022 | Policy Brief | No 390 | Dissent in the ECB’s Governing Council Increases Households’ Inflation Uncertainty | Moritz Grebe, Peter Tillmann |
| Jul 2022 | Policy Brief | No 379 | Firms’ Inflation Expectations: New Evidence from France | Olivier Coibion, Erwan Gautier, Yuriy Gorodnichenko, Frédérique Savignac |
| Jul 2022 | Policy Brief | No 377 | What lessons can we learn from the heterogeneity in inflation expectations among economic agents? | Camille Cornand, Paul Hubert |
| Jul 2022 | Policy Brief | No 376 | Climate change and inflation in the euro area | Christiane Nickel |
| Jul 2022 | Policy Brief | No 374 | When Are “Inflation Expectations” Inflation Expectations? New Evidence From Business Surveys | Brent H. Meyer, Xuguang Simon Sheng |
| Jul 2022 | Policy Brief | No 371 | How household savings in CESEE are related to the past and the future | Melanie Koch, Thomas Scheiber |
| Jul 2022 | Policy Brief | No 369 | The impact of energy efficiency on Belgian house prices | Peter Reusens, Frank Vastmans, Sven Damen |
| Jul 2022 | Policy Brief | No 368 | Inflation Expectations and Climate Concern | Christoph Meinerding, Andrea Poinelli, Yves Schüler |
| Jun 2022 | Policy Brief | No 360 | On the psychology of inflation and its implications | Pascal Blanqué |
| Jun 2022 | Policy Brief | No 357 | What tax data can tell us about consumption and saving patterns | Alain Galli, Rina Rosenblatt-Wisch |
| Jun 2022 | Policy Brief | No 347 | Sectoral exchange rate pass-through in the euro area | Chiara Osbat, Yiqiao Sun, Martin Wagner |
| May 2022 | Policy Brief | No 339 | Does own wealth and wealth of others matter for life satisfaction? | Antje Jantsch, Julia Le Blanc,Tobias Schmidt |
| May 2022 | Policy Brief | No 338 | Mortgage debt relief after economic shocks: lessons from the pandemic | Edward Gaffney, Fergal McCann, Johannes Stroebel |
| May 2022 | Policy Brief | No 337 | Does it matter that households disagree about inflation? | Alistair Macaulay |
| May 2022 | Policy Brief | No 335 | Macroeconomic Implications and Differences of Oil and Gas Price Shocks | Thomas Zörner, Nico Petz |
| Apr 2022 | Policy Note | No 274 | Stylised facts on debt and financial crisis | Pedro Duarte Neves |
| Apr 2022 | Policy Brief | No 315 | Who owns banks? The household-bank nexus and its implications for bank stock prices | Matías Lamas, David Martinez-Miera |
| Apr 2022 | Policy Note | No 273 | The return of inflation | Agustín Carstens |
| Apr 2022 | Policy Brief | No 312 | Household Uncertainty and Inflation | Gene Ambrocio |
| Apr 2022 | Policy Brief | No 311 | Making Sense of Consumers’ Inflation Expectations | Lovisa Reiche, Aidan Meyler, Christian Gayer |
| Mar 2022 | Policy Brief | No 303 | Rising rent burdens following distorting investment incentives – The effects of rent controls in Germany | Vera Baye, Valeriya Dinger |
| 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 Note | No 270 | Will the supply-driven oil price shock unanchor inflation expectations? | Matthew Luzzetti, Brett Ryan, Justin Weidner, Amy Yang |
| Feb 2022 | Policy Brief | No 283 | Don’t trust the (inflation) process | Bruce Kasman |
| Feb 2022 | Policy Brief | No 277 | Money and psychology of inflation: an investor view | Pascal Blanqué |
| Feb 2022 | Policy Note | No 266 | Does polarization have economic effects? It does on economic expectations | Luis Guirola |
| Feb 2022 | Policy Brief | No 271 | Including inflation expectations helps to improve inflation forecasts of econometric models | Marta Bańbura, Danilo Leiva-León, Jan-Oliver Menz |
| 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 Brief | No 257 | Why do households save? | Sami Oinonen, Matti Viren |
| Nov 2021 | Policy Brief | No 229 | Earnings expectations signal a heterogenous recovery after COVID-19 | Joost Bats, William Greif, Daniel Kapp |
| Nov 2021 | Policy Brief | No 225 | Population aging and the persistence of three key global trends | Andrea Papetti |
| Nov 2021 | Policy Brief | No 224 | Does the shadow economy explain household saving? | Sami Oinonen, Matti Viren |
| Sep 2021 | Policy Brief | No 171 | Curb your enthusiasm: the aggregate short-run effects of a borrower-based measure | Joana Passinhas, Daniel Abreu |
| Aug 2021 | Policy Brief | No 154 | Can Internet banking affect households’ participation in financial markets and financial awareness? | Valentina Michelangeli, Eliana Viviano |
| Aug 2021 | Policy Brief | No 148 | The role of information channels and experience for households’ inflation expectations | Christian Conrad, Zeno Enders and Alexander Glas |
| Aug 2021 | Policy Brief | No 142 | Consumption patterns in Italy during COVID-19 | Elisa Guglielminetti and Concetta Rondinelli |
| Jul 2021 | Policy Brief | No 130 | How well are consumers’ inflation expectations anchored to the ECB’s inflation aim? | Gabriele Galati, Richhild Moessner, Maarten van Rooij |
| Jul 2021 | Policy Brief | No 125 | Monetary policy surprises trigger different responses in the housing market across European regions | Winfried Koeniger, Benedikt Lennartz, Marc-Antoine Ramelet |
| Jun 2021 | Policy Brief | No 119 | Six ways to bring inflation (expectations) up | Ernest Gnan |
| Jun 2021 | Policy Brief | No 103 | A bigger house at the cost of an empty fridge? The effect of households’ indebtedness on their consumption: Micro-evidence using Belgian HFCS data | Philip Du Caju, Guillaume Périlleux, François Rycx, Ilan Tojerow |
| 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 91 | Low Interest Rates and the Distribution of Household Debt | Marina Emiris, François Koulischer |
| May 2021 | Policy Brief | No 89 | Foreclosures and House Prices | Michele Loberto |
| Apr 2021 | Policy Brief | No 81 | How the Capital Markets Union can help Europe avoid a liquidity trap | Sylvain Broyer |
| Apr 2021 | Policy Brief | No 78 | Not all debt is bank debt: Nonbank borrowing in Central, Eastern and Southeastern Europe | Katharina Allinger, Elisabeth Beckmann |
| Apr 2021 | Policy Brief | No 73 | The Saving and Employment Effects of Higher Job Loss Risk | Ragnar E. Juelsrud, Ella Getz Wold |
| Apr 2021 | Policy Brief | No 64 | Shaken but not deterred: business confidence and Covid-19 in the Euro area | Gene Ambrocio |
| Dec 2020 | Policy Note | No 212 | Monetary policy effects when interest rates are negative | Joost Bats, Massimo Giuliodori, Aerdt Houben |
| Dec 2020 | Policy Note | No 211 | Preparing for a higher inflation regime | Elga Bartsch, Jean Boivin, Philipp Hildebrand |
| 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 |
| Sep 2020 | Policy Note | No 192 | A rule-based monetary strategy for the European Central Bank: a call for monetary stability | Juan E. Castañeda |
| Jul 2020 | Policy Brief | No 17 | Financial resilience of German households to Corona triggered income shock | Orcun Kaya |
| 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 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 Note | No 153 | Passive Funds Actively Affect Prices: Evidence from the Largest ETF Markets | Karamfil Todorov |
| Mar 2020 | Policy Note | No 144 | Euro Area Economics: Putting the OOH into HICP | Jacob Nell, Bruna Skarica, Joao Almeida, Markus Guetschow |
| Nov 2019 | Policy Note | No 112 | Inflation In The Eurozone Is Dead. Long Live (The Right Kind Of) Inflation | Sylvain Broyer |
| Aug 2019 | Policy Note | No 92 | Beliefs and Portfolios: New Measurement and Facts | Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Stephen Utkus |
| Aug 2019 | Policy Note | No 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
| Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |
