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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 714What drives inflation? Disentangling demand and supply factorsSandra Eickmeier, Boris Hofmann
Oct 2023Policy BriefNo 713The state-dependent impact of changes in bank capital requirementsJan Hannes Lang, Dominik Menno
Oct 2023Policy BriefNo 710Energy price shocks and inflation in the euro areaStefano Neri, Fabio Busetti, Cristina Conflitti, Francesco Corsello, Davide Delle Monache, Alex Tagliabracci
Oct 2023Policy BriefNo 694The external financial spillovers of CBDCsAlessandro Moro, Valerio Nispi Landi
Sep 2023Policy BriefNo 678Nowcasting World Trade with Machine Learning: a Three-Step ApproachMenzie Chinn, Baptiste Meunier, Sebastian Stumpner
Aug 2023Policy BriefNo 671An Analysis of Business Cycle Fluctuations in Slovenia and the Euro AreaJan Radovan
Aug 2023Policy BriefNo 661Forecasting banknote circulation during the COVID-19 pandemic using structural time series modelsNikolaus Bartzsch, Marco Brandi, Lucas Devigne, Raymond de Pastor, Gianluca Maddaloni, Diana Posada Restrepo, Gabriele Sene
Aug 2023Policy BriefNo 651Identifying money and inflation expectation shocks on real oil pricesSzilard Benk, Max Gillman
Aug 2023Policy BriefNo 650Leading indicators of financial stress: a regime switching approachTihana Škrinjarić
Jul 2023Policy BriefNo 633Gauging the macroeconomic effects of higher carbon pricesGünter Coenen, Matija Lozej, Romanos Priftis
Jul 2023Policy BriefNo 631Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from SloveniaFilippo Arigoni, Miha Breznikar, Črt Lenarčič, Matjaž Maletič
Jun 2023Policy BriefNo 624CCP initial margin models: A peek under the hoodIsmael Alexander Boudiaf, Martin Scheicher, Francesco Vacirca
May 2023Policy BriefNo 589The environmental goods and services sector is the keystone of net zero: Let’s subsidize it!Eric Jondeau, Grégory Levieuge, Jean-Guillaume Sahuc, Gauthier Vermandel
Apr 2023Policy BriefNo 575Labour market differences and monetary policy in the euro areaSandra Gomes, Pascal Jacquinot, Matija Lozej
Mar 2023Policy BriefNo 544Using machine learning to measure financial risk in ChinaAlexander Al-Haschimi, Apostolos Apostolou, Andres Azqueta-Gavaldon, Martino Ricci
Feb 2023Policy BriefNo 521Can Machine Learning Methods Help Nowcast GDP?Andreas Pick, Jasper de Winter
Feb 2023Policy BriefNo 517Stock Return Predictability: Comparing Macro- and Micro-ApproachesArthur Stalla-Bourdillon
Feb 2023Policy BriefNo 516A scientific illusion in risk management?José María Roldán
Dec 2022Policy BriefNo 493Financial exposure and bank mergers - Micro and macro evidence from the EULaura Lebastard
Dec 2022Policy BriefNo 489The impact of portfolio-based green monetary policy Raphael Abiry, Marien Ferdinandusse, Alexander Ludwig, Carolin Nerlich
Nov 2022Policy BriefNo 479Strategic behaviours and the policy response to commodity price shocksMassimo Ferrari Minesso, Maria Sole Pagliari
Oct 2022Policy BriefNo 436The double materiality of climate physical and transition risks in the euro areaRegis Gourdel, Irene Monasterolo, Nepo Dunz, Andrea Mazzocchetti, Laura Parisi
Aug 2022Policy NoteNo 286The optimal quantity of CBDC in the euro areaLorenzo Burlon, Carlos Montes-Galdón, Manuel A. Muñoz, Frank Smets
Aug 2022Policy BriefNo 405Forgetting Approaches to Improve Forecasting: Executive SummaryRobert Hill, Paulo Rodrigues
Aug 2022Policy BriefNo 403What Can We Learn from 60 Years of PCE Inflation Data?Raphael Schoenle, Dominic Smith
Aug 2022Policy BriefNo 399The effects of internationally coordinated carbon pricing on the economy and welfareAnne Ernst, Natascha Hinterlang, Alexander Mahle, Nikolai Stähler
Aug 2022Policy BriefNo 394Flexibility in Asset Purchases: A Structural AnalysisJames Costain, Galo Nuño, Carlos Thomas
Jun 2022Policy BriefNo 356How much is too much? Assessing the non-linear relationship between debt and sovereign creditworthinessSanne Zwart
May 2022Policy BriefNo 335Macroeconomic Implications and Differences of Oil and Gas Price ShocksThomas Zörner, Nico Petz
May 2022Policy BriefNo 334The local presence of global banksIñaki Aldasoro, John Caparusso, Yingyuan Chen
May 2022Policy BriefNo 333The effect of introducing a Loan-to-Value limit on homeownershipCindy Biesenbeek, Mauro Mastrogiacomo, Rob Alessie, Jakob de Haan
May 2022Policy BriefNo 326The impact of QE on sovereign riskDirk Broeders, Leo de Haan, Jan Willem van den End
Apr 2022Policy BriefNo 318How do carbon prices spillover along global production networks?Ivan Frankovic
Mar 2022Policy BriefNo 301Is the ECB applying lessons from the past?Anselm Küsters
Mar 2022Policy BriefNo 299When domestic and foreign QE overlapPaola Di Casola, Pär Stockhammar
Mar 2022Policy BriefNo 297Central banks’ in-house credit assessment systems – supporting the Eurosystem’s response to the pandemic and its climate change action planAviram Levy, Florian Resch, Anna Maria Rossi, Stephan Sauer
Mar 2022Policy BriefNo 292The role of systemic risk spillovers in the transmission of Euro Area monetary policyAlexandros Skouralis
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 264Why disinflation can be more costly in a small open economy than in a closed economyOleksandr Faryna, Magnus Jonsson, Nadiia Shapovalenko
Dec 2021Policy BriefNo 245How to set Cyclical and Structural capital buffers via Stress tests? A Risk-to-Buffer approachCyril Couaillier, Valerio Scalone
Dec 2021Policy BriefNo 242The Role of Contact Tracing in the Long Pandemic WarLeonardo Melosi, Matthias Rottner
Nov 2021Policy BriefNo 235Does one (unconventional) size fit all? Effects of the ECB’s unconventional monetary policies on the euro area economiesMaria Sole Pagliari
Nov 2021Policy BriefNo 231A Multi-level Network Approach to Spillovers Analysis: An Application to the Maltese Domestic Investment Funds SectorFrancesco Meglioli, Stephanie Gauci
Nov 2021Policy BriefNo 221External Costs of Freight Transport – Relevance and Implications of Internalisation at the European LevelElisabeth Christen, Bettina Meinhart, Franz Sinabell, Gerhard Streicher
Sep 2021Policy BriefNo 181A liquidity risk early warning indicator for Italian banks: a machine learning approachMaria Ludovica Drudi, Stefano Nobili
Sep 2021Policy BriefNo 179The relevance of trade policy: Evidence from the 19th centuryJacopo Timini
Aug 2021Policy BriefNo 151No country is an island: International cooperation and climate changeMassimo Ferrari, Maria Sole Pagliari
Jul 2021Policy BriefNo 124Global Financial Uncertainty: Does it Matter for the Global Business Cycle?Giovanni Caggiano, Efrem Castelnuovo
Jun 2021Policy BriefNo 102Assessing the impact of Basel III: Evidence from macroeconomic modelsOlivier de Bandt, Bora Durdu, Hibiki Ichiue, Yasin Mimir, Jolan Mohimont, Kalin Nikolov, Sigrid Röhrs, Jean-Guillaume Sahuc, Valerio Scalone, Michael Straughan
May 2021Policy BriefNo 98Detecting turning point in the Danish economy in real time – nowcasting in Danmarks Nationalbank during the covid-19 crisisJesper Pedersen
May 2021Policy NoteNo 236Europe’s growth gap: reconciling Keynes and SchumpeterFrançois Villeroy de Galhau
Mar 2021Policy BriefNo 56On the Origin of Systemic RiskMattia Montagna, Giovanni Covi, Gabriele Torri
Mar 2021Policy BriefNo 54Are lower bank capital requirements an efficient policy tool for supporting credit to SMEs?Michel Dietsch, Henri Fraisse, Mathias Lé, Sandrine Lecarpentier
Feb 2021Policy BriefNo 47Banking Across Borders: Are Chinese Banks Different?Eugenio Cerutti, Catherine Koch, Swapan-Kumar Pradhan
Feb 2021Policy BriefNo 43Nowcasting world GDP growth with high-frequency dataCaroline Jardet, Baptiste Meunier
Dec 2020Policy NoteNo 210On the risk-adjusted performance of machine learning models in credit default predictionAndres Alonso, Jose Manuel Carbo
Sep 2020Policy BriefNo 30Can we expect the economy to rebound rapidly?Stéphane Dupraz
Feb 2020Policy NoteNo 133Making sure your bot colleague is less biased than you!Frank De Jonghe
Dec 2019Policy NoteNo 119Central bank independence and inflationRyszard Kokoszczyński, Joanna Mackiewicz-Łyziak
Apr 2019Policy NoteNo 68How to assess the adequacy of capital requirements based on internal models?Susanne Roehrig
Dec 2018Policy NoteNo 50Business models in prudential policiesIsabelle Vaillant, Marina Cernov
Dec 2018Policy NoteNo 49Bank business models: time to actRudi Vander Vennet

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