Kilian Rieder

Welcome!

I am a principal economist at the Oesterreichische Nationalbank (Eurosystem)* and a research affiliate of the Centre for Economic Policy Research (CEPR) and SUERF – The European Money and Finance Forum.

My research interests are in economic history, macroeconomics and monetary economics.

I obtained my PhD (2018) from Oxford University (University College).

You can download my CV here.

News:

Our new working paper on the impact of monetary policy leaks by Eurosystem insiders is available for download here (joint with M. Ehrmann and P. Gnan, c.f. research).
I will move to Chicago for a research sabbatical at Northwestern University starting in fall 2023.
I recently completed a draft chapter for the forthcoming, third edition of the Handbook of Cliometrics: The Lender of Last Resort under the Microscope, c.1840-1930.
In April/May 2023, I will present new work on the drivers and impact of central bank leaks (joint with M. Ehrmann and P. Gnan, c.f. research) at the PEIO Annual Conference in San Diego, the Innsbruck Empirical Macro Workshop and the NICEP Conference 2023 (c.f. presentations).
In December 2022, my paper on the consequences of central bank credit rationing during financial crises (joint with M. Anson, D. Bholat and R. Thomas) was accepted for publication in The Economic Journal.
In November 2022, my paper on historical banking regulation via the discount window (joint with C. Jobst) was accepted for publication in The Economic History Review.
In October 2022, I started teaching my annual economic history grad course at Vienna University of Economics and Business. For the up-to-date syllabus, click here.
In September 2022, my paper on the consequences of central bank credit rationing during financial crises (joint with M. Anson, D. Bholat and R. Thomas) was conditionally accepted for publication in The Economic Journal.
In September 2022, my paper on the ECB quiet period (joint with P. Gnan) has been accepted for publication in the Journal of International Money and Finance.
I have successfully passed the selection process for the mid-career pool at the IMF (spring/summer 2022).
We just completed a revised version of our work on the ECB’s quiet period (June 2022, c.f. research).
I’ll discuss a new paper by H. Anderson, S. Erol and G. Ordoñez at the 2023 AFA Meetings (January 2023).
We just completed a revised version of our work on the consequences of central bank credit rationing during financial crises (June 2022, c.f. research).
An updated version of my paper on historical banking regulation via the discount window (joint with C. Jobst) is now available as CEPR Discussion Paper 16841/2021.
I’ll present my research on the comparative effects of financial stability policies in several upcoming seminars and conferences (c.f. presentations): Financial History Workshop at KU Leuven (Novermber 2021), Institute of Economic Research, University of Neuchâtel (December 2021) and the ASSA Meetings in Boston (January 2022).
An updated version of my paper on the comparative effects of financial stability policies is now available as CEPR Discussion Paper 16490/2021.
In July 2021, my review paper on monetary policy decision-making was accepted for publication in the European Journal of Political Economy (c.f. Policy papers).
I’ll present research on the ECB monetary policy quiet period (joint with P. Gnan) at the 52nd Money Macro and Finance Annual Conference in September 2021 (c.f. Presentations).
In July 2021, we will present our paper on the ECB quiet period (joint with P. Gnan) at the EFiC 2021 Conference in Banking and Corporate Finance of the Essex Corporate Finance Center (c.f. Presentations).
As of September 2021, I’ll be a research affiliate of SUERF – The European Money and Finance Forum.
I am delighted to have been awarded the special commendation of the Jury (2nd place) for the Research Prize in Historical Finance Honoring the Memory of Professor Georges Gallais-Hamonno, awarded by the French Finance Association (AFFI).
I am happy to chair the EEA–OeNB Special Contributed Session on Central Bank Communication in August 2021.
In August 2021, I’ll present my research on the impact of the Fed’s financial stability policies in 1920-1921 at the EEA-ESEM Annual Conference (c.f. Presentations).
In June 2021, I’ll present my research at the 37th GdRE International Symposium on Money, Banking and Finance (c.f. Presentations).
In October 2021, I’ll discuss work by Vinzent Ostermeyer at the EHA Annual Conference (c.f. Presentations).
On 13 April 2021, I’ll present my research at the weekly Vilfredo Pareto Research Seminar organized by the Department of Economics at the Graduate Institute Geneva (IHEID) (c.f. Presentations).
I am happy to chair the 2021 EHS New Researcher Session on “Interwar Financial and Macroeconomic History” on 8 April 2021.
In May 2021, I’ll present new research on monetary policy communication (joint with P. Gnan) at the 37th International Conference of the French Finance Association (AFFI) (c.f. Presentations).
My policy paper (joint with C. Kwapil) on the effects of one part of the euro area monetary policy response to the Covid-19 pandemic on Austrian banks’ credit supply is now online.
My paper on the European Central Bank’s (ECB) quiet period (joint with P. Gnan) is now available as CEPR Discussion Paper 15735/2021.
In May 2021, I’ll present research on the Bank of England’s policy response to the crisis of 1847 (joint with M. Anson, D. Bholat and T. Ryland) at this year’s Federal Reserve Monetary and Financial History Workshop (c.f. Presentations).
In February 2021, I’ll present new research on monetary policy communication (joint with P. Gnan) at the 13th FIW-Research Conference in International Economics (c.f. Presentations).
In February and April 2021, I’ll present new research on the economic effects of protectionism at APEBH 2021 and at EHS Annual Conference 2021 (c.f. Presentations).
In December 2020, I was invited to become a research affiliate in the economic history programme of CEPR.
My JMP is now available as ESRB Working Paper 113/2020.
In November 2020, I’ll be discussing work by Aleksander Berentsen, Hugo van Buggenum and Romina Ruprecht at the Banca d’Italia and SUERF Workshop (“The effectiveness of monetary policy in a low interest rate environment”, c.f. Presentations).
In January 2021, I’ll be discussing work by Alain Naef at ASSA (Cliometric Society session, c.f. Presentations).
In September 2020, Phillipp Gnan and I will present our joint research at the Bank for International Settlements’ internal research seminar (c.f. Presentations).
In September 2020, I’ll be chairing the session “English and French Money Troubles” at the 20 20 Economic History Association Meetings.
In July 2020, I’ll be presenting my research (joint with P. Gnan) at the Central Bank of Ireland’s internal research seminar (c.f. Presentations).
In July 2020, I’ll be presenting my research at the NBER Summer Institute Development of the American Economy Program (c.f. Presentations).
In April 2020, I wrote a column for the VoxEU CEPR Policy Portal: Mitigating COVID-19 panic buying: Lessons from historical financial crises.
In March 2020, I finished a new policy working paper surveying the literature on the economics of monetary policy decision-making by committee, with a view to the ongoing ECB Strategy Review. The paper can be downloaded here (c.f. Policy papers).
I recently updated my syllabus for Applied Economics (a class serving as an introduction to causal inference for advanced undergrad or grad students). Check it out here: Applied Economics Summer Term 2020.
In June 2020, I will present my research at the 2020 Spring Meeting of Young Economists in Bologna (c.f. Presentations, postponed to June 2021)
In January 2020, I will give a research kick-off presentation for the South-Eastern Monetary History Network (SEEMHN) at the Bulgarian National Bank (c.f. Presentations).
In November 2019, I was awarded a research grant by the science and research funding arm of the City of Vienna to kick-start a new research project on the role of financial network topology during the Gründerkrach of 1873.
In December 2019, I’ll be discussing the paper “Bank Capital Redux: Solvency, Liquidity, and Crisis?” by Jordà et al. at the Fourth Annual ECB Macroprudential Policy and Research Conference (c.f. Presentations).
In November 2019, I’ll be presenting my JMP at the Ninth Workshop on Banks and Financial Markets in Vienna (c.f. Presentations).
In December 2019, I’ll present my job market project at the NOeG Winter Workshop in Vienna (c.f. Presentations).
In January 2020, I’ll be discussing work by Ellis Tallman and Eugene White at ASSA in San Diego (Cliometric Society session, c.f. Presentations).
In August 2019, my Job Market Paper was shortlisted for the Ieke van den Burg Prize 2019 by the Advisory Scientific Committee of the ESRB.
I will present my research as part of the external seminar series of Vienna University’s Department of Finance and JKU’s Department of Economics (c.f. Presentations).
I will present my research on central bank credit rationing (co-authored with Mike Anson, David Bholat and Ryland Thomas, all Bank of England) at AFSE 2019 Annual Meeting in Orléans (June 2019, c.f. Presentations).
I will present my JMP project at the 2nd CEPR Endless Summer Conference in Financial Intermediation and Corporate Finance in Athens (September 2019, c.f. Presentations).
In March 2019, my JMP project was awarded the Theodor Körner Prize.
I will present my JMP at the 2019 CEBRA Annual Meeting (Central Bank Research Association) in New York (July 2019, c.f. Presentations).
I will present my JMP at the NOeG 2019 Annual Conference (Annual Meeting of the Austrian Economic Association) in April 2019 (c.f. Presentations).
JMP update: I am currently in the process of uploading some new material illustrating my findings and my identification strategy focusing on the split states in my sample. You can find these maps and graphs here: My JMP in maps.
I will present my JMP at the Federal Reserve Board of Governors in Washington D.C. and the SAFE House of Finance in Frankfurt in May 2019 (c.f. Presentations).
In October 2018, my dissertation was awarded the Michael Mitterauer Prize.
In July 2018, I was nominated as a finalist for the Economic History Association’s (EHA) Alexander Gerschenkron Prize for best dissertation in the economic history of an area outside of the United States or Canada.
In 2017, my doctoral research was awarded the Economic History Society (EHS) New Researcher Prize (see my CV for other awards and scholarships).

* Disclaimer:

Any views expressed on this website exclusively represent those of the author and do not reflect the official viewpoint of the Oesterreichische Nationalbank, the ECB or the Eurosystem.