Independent research and policy analysis on fiscal, monetary, and
regulatory issues in Europe
Monetary policy changes the stability of German banks differently based on their ownership and business goals. Existing literature shows that monetary policies stabilize markets but can also encourage institutions to take higher risks. Using monthly balance sheet data for five …
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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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 …
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For much of the past decade, Europe has been weighed down by prolonged economic stagnation. Growth has slowed, productivity has …
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As the story goes, there are no free rides. The costs of each journey must necessarily be borne by someone. …

