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Published papers

Clear, Consistent and Engaging: ECB Monetary Policy Communication in a Changing World

• ECB Occasional Paper 274/2021
• With colleagues from the ECB Strategy Review Workstream on Monetary Policy Communication
• Download paper: here 

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

• Monetary Policy and the Economy Q3-4 (2016), pp.140-162
• With C. Jobst, University of Vienna
• Download paper: here

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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