Independent research and policy analysis on fiscal, monetary, and
regulatory issues in Europe
When central banks make decisions about inflation, interest rates, or financial stability, they rely heavily on economic research. But where does that research come from? And whose ideas end up shaping the global conversation? A new IREF Working 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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One of the main promises behind the euro was economic convergence. By sharing a common currency, European economies were expected …
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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

