Prof Dr Ernest Gnan

Counsel to the Board, Head, Monetary Policy Section, OeNB @oenb, Secretary General, SUERF - The European Money and Finance Forum @suerf_org. Views are my own.

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "The fear of job loss as a driver of households’ labour supply" by Wouter Gelade, Maud Nautet and Céline Piton, @NBB_BNB_FR

#LabourSupply #HouseholdDecisions #Risk #AddedWorkerEffect

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Disruptions in global supply chains drive inflation in the euro area" by @davidfinck7 (@bundesbank) and @peterhtillmann (@jlugiessen)

#ContainerTrade #SupplyChain #Inflation #NarrativeIdentification #SignRestrictions

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Navigating the housing channel of monetary policy across euro area regions" by Niccolò Battistini (@ecb), Matteo Falagiarda (ECB), Angelina Hackmann (@SAFE_Frankfurt), & Moreno Roma (ECB)

#HousingMarket #MonetaryPolicy #Inequality #BusinessCycles

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicynote "Energy shocks and corporate performance, the case of Croatia" by Ivan Huljak, @HNB_HR

#CorporateSector #EnergyCosts #Croatia

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicynote "Should central banks raise inflation targets?" by @dr_gnan (SUERF) and Robert Holzmann (@oenb)

#Inflation #InflationTarget #MonetaryPolicy #MonetaryPolicyStrategy #CentralBank

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "How does offshoring shape labour market imperfections? A comparative analysis of Belgian and Dutch firms" by Sabien Dobbelaere (@VUamsterdam, @ResearchTI & IZA), Catherine Fuss (@NBB_BNB_FR) & Mark Vancauteren (@uhasselt & @statisticscbs)

#FirmLevelOffshoring

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "When policies get in the way of profit shifting to tax havens" by Joana Garcia (@bancodeportugal & NIPE/ @udominho)

#MultinationalGroups #ProfitShifting #ServicesImports #TaxHavens #TaxLaw

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "The Determinants of Cash Holdings: The case of France" by Franz Seitz (Weiden Technical University of Applied Sciences), Lucas Devigne (@banquedefrance) and Raymond de Pastor (Banque de France)

#CashDemand #Banknotes #NetIssues #SeasonalMethod

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Climate Risks in Albania and their Relevance to the Central Bank" by Margerita Topalli (Bank of Albania - @bankashqiperise) & Pierre Monnin (@CEPweb)

#ClimateChange #SustainableTransition #FinancialStability #CentralBank #SustainableFinance

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Issuing bonds during the Covid-19 pandemic: is there an ESG premium?" by Fabrizio Ferriani, @bancaditalia

#ESGScores #Covid19 #BondYieldSpreads #RiskChannel #NonPecuniaryChannel

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "How shocks to Chinese supply chains affect US and euro area manufacturing" by Makram Khalil (@bundesbank) and Marc-Daniel Weber (Independent Researcher)

#SupplyChainShocks #China #COVID19 #TradeTensions #US #EuroArea #Manufacturing

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Using machine learning to measure financial risk in China" by Alexander Al-Haschimi (@ecb), Apostolos Apostolou (@IMFNews), Andres Azqueta-Gavaldon (@Arcturis_Data), and Martino Ricci (ECB)

#China #FinancialRisk #TextualAnalysis #MachineLearning #LDA

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Is the ECB Monetary Tightening Effective? The Role of Bank Funding and Asset Structure" by Matjaž Volk, @BankaSlovenije

#MonetaryPolicy #Transmission #PassThrough #Effectiveness

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Bank lending to small firms: metamorphosis of a financing model" by Paolo Finaldi Russo, Valentina Nigro, and Sabrina Pastorelli, @bancaditalia

#BankLendingChannel #CreditConstraints #SMEFinancing #BankRiskTaking

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Conditional density forecasting: a tempered importance sampling approach" by @CMontesGaldon (@ecb), Joan Paredes (ECB), and Elias Wolf (@FU_Berlin)

#Forecasting #InflationAtRisk #BayesianAnalysis #ImportanceSampling

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "The Euro Area Great Inflation Surge" by Guido Ascari (@DNB_NL, @unipv), Paolo Bonomolo (DNB), Marco Hoeberichts (DNB), and Riccardo Trezzi (@UNIGEmedianews)

#Inflation #Demand #Supply

[SUERF - The European Money and Finance Forum @suerf_org]

Many thanks again to all of the speakers at our SUERF BAFFI @Unibocconi webinar "#Gold as International Reserves: A Barbarous Relic No More?" w/ @B_Eichengreen - @UCBerkeley, Shaokai Fan - @GOLDCOUNCIL, and Omar Zulaica - @BIS_org.
▶️Replay now available https://t.co/35xDJrh7Fv

[SUERF - The European Money and Finance Forum @suerf_org]

Many thanks again to all speakers at the SUERF BAFFI @Unibocconi e-lecture "Why are #CentralBanks reporting losses: Does it matter?" w/ Sarah Bell @BIS_org, Ulrich Bindseil @ecb, Patricia C Mosser, @ColumbiaSIPA & Peter Wierts @DNB_NL. ▶️Online replay: https://t.co/mfIx1ndB9q

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "CCPs United: the hidden dangers of shared clearing membership" by Luitgard A. M. Veraart (@LSEnews) & @i_aldasoro (@BIS_org)

#CentralCounterparties #SystemicRisk #Contagion #StressTesting #Cover2

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Lower for longer under Endogenous Technology Growth" by @MichaSchmoeller (@BankofFinland) and Martin Spitzer (@ecb)

#MakeUpStrategies #EndogenousTFP #Hysteresis #Inflation #ZLB