Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...

On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium "New Paradigms in Money and Finance?". All the papers in the present SUERF Study are based on...

Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Die Dissertation besteht aus drei eigenständigen Aufsätzen im Bereich der Makroökonomie. Jeder Aufsatz behandelt ein unterschiedliches Thema, und zwar (i) die Beeinflussung des Produktionspotenzials durch die Produktionslücke, (ii) Langzeitarbeitslosigkeit und Fähigkeitsverluste sowie (iii)...

Die vorliegende kumulative Dissertation umfasst drei Essays, welche sich mit Fragestellungen der Geld- und Fiskalpolitik beschäftigen. Jeder Essay stellt ein Kapitel der Dissertation dar. Das erste Kapitel trägt den Titel "Heterogeneous Expectations and the Merit of Monetary Policy Inertia."...