Policy papers

Published papers

Clear, Consistent and Engaging: ECB Monetary Policy Communication in a Changing World
Monetary Policy Decision-Making by Committee: Why, When and How it Can Work
  • European Journal of Political Economy (forthcoming, accepted in July 2021)
  • Download paper: here 
The Effects of the Monetary Policy Response to the Covid-19 Pandemic: Preliminary Evidence from a Pilot Study using Austrian bank-level Data
  • Monetary Policy and the Economy Q4 (2020) – Q1 (2021), pp. 131-152
  • With C. Kwapil, OeNB
  • Download paper: here
Principles, circumstances and constraints: the Nationalbank as lender of last resort from 1816 to 1931

Policy working papers

The Macroeconomic Effects of Unconventional Monetary Policy: A Tool-Kit Approach
  • OeNB Economic Analysis and Research Department, mimeo (2019)
  • Currently under revision by author