Policy papers

Policy working papers

  • Monetary Policy Decision-Making by Committee: Why, When and How it Can Work. OeNB Economic Analysis and Research Department, mimeo (2020).
    • Download paper: here (submitted)
  • The Macroeconomic Effects of Unconventional Monetary Policy: A Tool-Kit Approach. OeNB Economic Analysis and Research Department, mimeo (2019).
    • Download paper: currently under revision by author

Published policy papers

  • The Effects of the Monetary Policy Response to Covid-19: Preliminary Evidence from a Pilot Study using Austrian bank-level Data. Monetary Policy and the Economy Q3-4 (2020), forthcoming, joint with C. Kwapil, OeNB).
    • Download paper: currently processing
  • Principles, circumstances and constraints: the Nationalbank as lender of last resort from 1816 to 1931. Monetary Policy and the Economy Q3-4 (2016), pp.140-162 (joint with C. Jobst, University of Vienna).
    • Download paper: here