Independent research and policy analysis on fiscal, monetary, and
regulatory issues in Europe
One of the main promises behind the euro was economic convergence. By sharing a common currency, European economies were expected to become more alike over time, making a single monetary policy work for everyone. A new IREF Policy Paper by …
Submit your research to the IREF Working Paper Series. Selected papers are eligible for publication and receive an honorarium of up to €2,000, including additional compensation for outreach (blogpost, podcast).
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For nearly two decades, the European Central Bank has relied on exceptionally low interest rates, massive asset purchases, and generous …
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Monetary policy changes the stability of German banks differently based on their ownership and business goals. Existing literature shows that …
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Central banks influence economic debate through research and citations. This paper studies whether citation patterns reflect past colonial ties or …
by Tom Bugdalle and Moritz Pfeifer -
Milton Friedman is often quoted as having said something to the effect that inflation is taxation without legislation on multiple …
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We revisit the euro’s promise of convergence through a new Divergence Monitor tracking business and financial cycle synchronization since the …
by Tom Bugdalle and Moritz Pfeifer -
The 10th Austrian Economics Meeting Europe will take place at the Université Catholique de l’Ouest (UCO) in Angers (France) from …

