Tag Archives: Contributions

 Leitwolf 008, May 2022. HTML, PDF, Video.

Central banking after the pandemic: challenges ahead This year’s conference focused on the question of how central banks can meet their mission to preserve the value of money. The sessions focused on inflation – the containment of which is an important aspect of preserving money’s value – as well as preserving the value of money from the longer-term, structural perspective, focusing on the challenges of digital innovation. Program

Der diesjährige Preis der Schweizerischen Gesellschaft für Volkswirtschaft und Statistik geht an Hansueli Schöchli. Pressemitteilung. Le prix de cette année de la Société suisse d’économie et de statistique est décerné à Hansueli Schöchli. Communiqué de presse. Il premio di quest’anno della Società svizzera di economia e di statistica va a Hansueli Schöchli. Comunicato stampa. This year’s prize of the Swiss Society of Economics and Statistics goes to Hansueli Schöchli. Press...

Schweizer Monat, April 2022, with Markus Brunnermeier. PDF. We describe challenges the digital money revolution poses for central banks and predict that more and more monetary authorities will introduce CBDCs.

Neue Zürcher Zeitung, February 17, 2022. PDF. The federal council’s digital finance strategy focuses on regulation. There are limits to this strategy when financial markets operate globally and virtually. Preserving monetary sovereignty requires an attractive national currency. Carrots, not only sticks. An attractive currency is not only stable but also usable in digital form.

CEPR and SUERF webinar moderated by me. Markus Brunnermeier and Jean-Pierre Landau present their report for the European Parliament. Youtube.

CEPR Discussion Paper 16906, January 2022, with Martin Gonzalez-Eiras. PDF (local copy). We investigate how politico-economic factors shaped government responses to the spread of COVID-19. Our simple framework uses epidemiological, economic and politico-economic arguments. Confronting the theory with US state level data we find strong evidence for partisanship even when we control for fundamentals including the electorate’s political views. Moreover, we detect an important role for the...

Wirtschaft Regional, January 7, 2022. PDF. Interview on private and public money, digital payments, Bitcoin, cash.

Wirtschaft Regional, January 7, 2022. PDF. Interview on private and public money, digital payments, Bitcoin, cash.

Riksbank Research News 2021, December 2021. PDF (pp. 2–3), HTML. Q: You have been leader of the CEPR Research and Policy Network on FinTech and Digital Currencies since 2021 and explored issues at the heart of monetary theory and payment systems in your research. What do you think is new about digital central bank money and what makes it different from other digital means of payment? A: Societies have been using digital means of payment for decades. Commercial banks use digital claims...